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REGISTERED NUMBER: 06350256 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Nikolas Hotels Limited

Nikolas Hotels Limited (Registered number: 06350256)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nikolas Hotels Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: J Jones
Mrs A Jones





SECRETARY: J Jones





REGISTERED OFFICE: Yalbury Cottage Hotel
Lower Bockhampton
Dorchester
Dorset
DT2 8PZ





REGISTERED NUMBER: 06350256 (England and Wales)





ACCOUNTANTS: Turner & Co
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

Nikolas Hotels Limited (Registered number: 06350256)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,333 37,333
Tangible assets 5 636,917 638,121
667,250 675,454

CURRENT ASSETS
Stocks 8,560 8,560
Debtors 6 244,326 203,406
Cash at bank and in hand 12,076 44,380
264,962 256,346
CREDITORS
Amounts falling due within one year 7 191,042 154,514
NET CURRENT ASSETS 73,920 101,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

741,170

777,286

CREDITORS
Amounts falling due after more than
one year

8

329,528

382,454
NET ASSETS 411,642 394,832

Nikolas Hotels Limited (Registered number: 06350256)

Balance Sheet - continued
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 189,128 189,128
Retained earnings 222,414 205,604
SHAREHOLDERS' FUNDS 411,642 394,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





J Jones - Director


Nikolas Hotels Limited (Registered number: 06350256)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Nikolas Hotels Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Nikolas Hotels Limited (Registered number: 06350256)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 28 ) .

Nikolas Hotels Limited (Registered number: 06350256)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 140,000
AMORTISATION
At 1 September 2022 102,667
Charge for year 7,000
At 31 August 2023 109,667
NET BOOK VALUE
At 31 August 2023 30,333
At 31 August 2022 37,333

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 631,365 195,859 827,224
Additions - 590 590
At 31 August 2023 631,365 196,449 827,814
DEPRECIATION
At 1 September 2022 - 189,103 189,103
Charge for year - 1,794 1,794
At 31 August 2023 - 190,897 190,897
NET BOOK VALUE
At 31 August 2023 631,365 5,552 636,917
At 31 August 2022 631,365 6,756 638,121

Nikolas Hotels Limited (Registered number: 06350256)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 5,019
DEPRECIATION
At 1 September 2022
and 31 August 2023 5,019
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

6. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Other debtors 1,060 940

Amounts falling due after more than one year:
Amounts owed by associates 243,266 202,466

Aggregate amounts 244,326 203,406

Nikolas Hotels Limited (Registered number: 06350256)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 5,000 5,000
Payments on account 28,154 12,348
Trade creditors 168 79
Taxation and social security 99,357 87,675
Other creditors 58,363 49,412
191,042 154,514

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 329,528 382,454

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 320,778 368,704

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 334,528 387,454

The bank mortgage is repayable over 30 years.

10. ULTIMATE CONTROLLING PARTY

The directors are the controlling parties by virtue of their share holding.