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Registration number: 14677913

Taunton House Hotel (Holdings) Limited

Annual Report and Unaudited Financial Statements

for the Period from 20 February 2023 to 30 November 2023

 

Taunton House Hotel (Holdings) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Taunton House Hotel (Holdings) Limited

(Registration number: 14677913)
Balance Sheet as at 30 November 2023

Note

2023
£

Fixed assets

 

Investments

4

256,330

Creditors: Amounts falling due within one year

5

(256,250)

Net assets

 

80

Capital and reserves

 

Called up share capital

80

Shareholders' funds

 

80

For the financial period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 August 2024 and signed on its behalf by:
 

Mr S James
Director

   
     
 

Taunton House Hotel (Holdings) Limited

Notes to the Unaudited Financial Statements for the Period from 20 February 2023 to 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Taunton House Hotel
14 Billetfield
Taunton
Somerset
TA1 3NN

These financial statements were authorised for issue by the Board on 20 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Group accounts not prepared

Under section 399(2A) of the Companies Act 2006, the company is exempt from the requirement to prepare consolidated financial statements relating to small companies.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination.

Merger accounting

The company has taken advantage of the relief available under the Companies Act permitting it to record at their nominal value the equity instruments issued as part of the consideration.

 

Taunton House Hotel (Holdings) Limited

Notes to the Unaudited Financial Statements for the Period from 20 February 2023 to 30 November 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period was 2.

4

Investments

2023
£

Investments in subsidiaries

256,330

Subsidiaries

£

Cost or valuation

Additions

256,330

Carrying amount

At 30 November 2023

256,330

 

Taunton House Hotel (Holdings) Limited

Notes to the Unaudited Financial Statements for the Period from 20 February 2023 to 30 November 2023

5

Creditors

Due within one year

2023
£

Other creditors

256,250