Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-313No description of principal activityfalsetruetruetruetruetruetrue2022-12-31false3false 05520936 2022-12-31 2023-12-31 05520936 2021-12-31 2022-12-30 05520936 2023-12-31 05520936 2022-12-30 05520936 2021-12-31 05520936 c:CompanySecretary1 2022-12-31 2023-12-31 05520936 c:Director1 2022-12-31 2023-12-31 05520936 c:Director2 2022-12-31 2023-12-31 05520936 c:Director3 2022-12-31 2023-12-31 05520936 c:RegisteredOffice 2022-12-31 2023-12-31 05520936 d:Buildings 2022-12-31 2023-12-31 05520936 d:Buildings 2023-12-31 05520936 d:Buildings 2022-12-30 05520936 d:CurrentFinancialInstruments 2023-12-31 05520936 d:CurrentFinancialInstruments 2022-12-30 05520936 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05520936 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-30 05520936 d:ShareCapital 2023-12-31 05520936 d:ShareCapital 2022-12-30 05520936 d:ShareCapital 2021-12-31 05520936 d:SharePremium 2022-12-31 2023-12-31 05520936 d:SharePremium 2023-12-31 05520936 d:SharePremium 2022-12-30 05520936 d:SharePremium 2021-12-31 05520936 d:RetainedEarningsAccumulatedLosses 2022-12-31 2023-12-31 05520936 d:RetainedEarningsAccumulatedLosses 2023-12-31 05520936 d:RetainedEarningsAccumulatedLosses 2021-12-31 2022-12-30 05520936 d:RetainedEarningsAccumulatedLosses 2022-12-30 05520936 d:RetainedEarningsAccumulatedLosses 2021-12-31 05520936 c:OrdinaryShareClass1 2022-12-31 2023-12-31 05520936 c:OrdinaryShareClass1 2023-12-31 05520936 c:OrdinaryShareClass1 2022-12-30 05520936 c:FRS102 2022-12-31 2023-12-31 05520936 c:Audited 2022-12-31 2023-12-31 05520936 c:FullAccounts 2022-12-31 2023-12-31 05520936 c:PrivateLimitedCompanyLtd 2022-12-31 2023-12-31 05520936 d:Subsidiary1 2022-12-31 2023-12-31 05520936 d:Subsidiary1 1 2022-12-31 2023-12-31 05520936 d:Subsidiary2 2022-12-31 2023-12-31 05520936 d:Subsidiary2 1 2022-12-31 2023-12-31 05520936 6 2022-12-31 2023-12-31 05520936 e:PoundSterling 2022-12-31 2023-12-31 05520936 f:UnitedKingdom 2022-12-31 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05520936










KV HOTELS LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023



 
KV HOTELS LIMITED
 

COMPANY INFORMATION


Directors
M V Morris 
B Wilkinson 
A G McKenzie 




Company secretary
M V Morris



Registered number
05520936



Registered office
Buckingham House
West Street

Newbury

Berkshire

RG14 1BE




Independent auditor
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor

2 Communications Road

Greenham Business Park

Greenham

Newbury

Berkshire

RG19 6AB





 
KV HOTELS LIMITED
 

CONTENTS



Page
Strategic report
 
1
Directors' report
 
2 - 3
Independent auditor's report
 
4 - 7
Statement of comprehensive income
 
8
Balance sheet
 
9
Statement of changes in equity
 
10
Notes to the financial statements
 
11 - 17


 
KV HOTELS LIMITED
 

STRATEGIC REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2023

Principal activites
 
The principal activity of the Company during the period was that of a holding company.

Business review
 
The Company acts as a holding company and therefore has limited transactions and did not receive any income from its investments in subsidiaries during the year. We aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. Our review is consistent with the size and nature of the business and is written in the context of the risks and uncertainness we face. The directors are of the opinion that risks for the Company are low and manageable.

Principal risks and uncertainties
 
The Company makes little use of financial instruments other than an operational bank account and non interest bearing inter-company debtors and creditors and so its exposure to price risk, credit risk, liquidity risk and cash flow risk is not material for the assessment of the assets, liabilities, financial position and profit or loss of the Company.

Financial key performance indicators
 
The Company does not monitor key performance indicators at group level, all subsidiaries of the group will review their key performance indicators on an individual company basis.


This report was approved by the board and signed on its behalf.



M V Morris
Director

Date: 16 August 2024

Page 1

 
KV HOTELS LIMITED
 

 
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2023

The Directors present their report and the financial statements for the period ended 31 December 2023.

Directors

The Directors who served during the period were:

M V Morris 
B Wilkinson 
A G McKenzie 

Directors' responsibilities statement

The Directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the Directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The loss for the period, after taxation, amounted to £180 (2022 - loss £56,757).

During the current and prior year no dividends were declared.

Future developments

The Company intends to continue to hold investments in its subsidiaries.

Disclosure of information to auditor

Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that:
 
so far as the Director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Page 2

 
KV HOTELS LIMITED
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023

Auditor

The auditor, James Cowper Kreston Auditwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





M V Morris
Director

Date: 16 August 2024

Page 3

 
KV HOTELS LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KV HOTELS LIMITED
 

Opinion


We have audited the financial statements of KV Hotels Limited (the 'Company') for the period ended 31 December 2023, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2023 and of its loss for the period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The Directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 4

 
KV HOTELS LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KV HOTELS LIMITED (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 2, the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 5

 
KV HOTELS LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KV HOTELS LIMITED (CONTINUED)


Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:
 
Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations;
Reviewing minutes of meetings of those charged with governance;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and revieing accounting estimates for bias.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.


Page 6

 
KV HOTELS LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KV HOTELS LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Jonathan Baillie BA (Hons) ACA FCCA (Senior Statutory Auditor)
  
for and on behalf of
James Cowper Kreston Audit
 
Chartered Accountants and Statutory Auditor
  
2 Communications Road
Greenham Business Park
Greenham
Newbury
Berkshire
RG19 6AB

21 August 2024
Page 7

 
KV HOTELS LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 DECEMBER 2023

2023
 2022
£
£

  

Administrative expenses
  
(180)
(180)

Operating loss
  
(180)
(180)

Interest payable and similar expenses
  
-
(56,577)

Loss before tax
  
(180)
(56,757)

Loss for the financial period
  
(180)
(56,757)

There was no other comprehensive income for 2023 (2022:£NIL).

The notes on pages 11 to 17 form part of these financial statements.

Page 8

 
KV HOTELS LIMITED
REGISTERED NUMBER: 05520936

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
30 December
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 7 
3,220,962
3,220,962

Investments
 8 
2
2

  
3,220,964
3,220,964

Current assets
  

Debtors: amounts falling due within one year
 9 
14,941,444
15,396,444

Cash at bank and in hand
 10 
3,585
19,065

  
14,945,029
15,415,509

Creditors: amounts falling due within one year
 11 
(18,520,514)
(18,990,814)

Net current liabilities
  
 
 
(3,575,485)
 
 
(3,575,305)

Total assets less current liabilities
  
(354,521)
(354,341)

  

Net liabilities
  
(354,521)
(354,341)


Capital and reserves
  

Called up share capital 
 12 
201
201

Share premium account
  
3,098,197
3,098,197

Profit and loss account
  
(3,452,919)
(3,452,739)

  
(354,521)
(354,341)


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



M V Morris
Director

Date: 16 August 2024

The notes on pages 11 to 17 form part of these financial statements.

Page 9

 
KV HOTELS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 31 December 2022
201
3,098,197
(3,452,739)
(354,341)



Loss for the period
-
-
(180)
(180)


At 31 December 2023
201
3,098,197
(3,452,919)
(354,521)



STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 DECEMBER 2022


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 31 December 2021
201
3,098,197
(3,395,982)
(297,584)



Loss for the year
-
-
(56,757)
(56,757)


At 30 December 2022
201
3,098,197
(3,452,739)
(354,341)


The notes on pages 11 to 17 form part of these financial statements.

Page 10

 
KV HOTELS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

KV Hotels Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The address of the Company's registered office is Buckingham House, West Street, Newbury, Berkshire, RG14 1BE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Stockford Limited as at 31 December 2023 and these financial statements may be obtained from Buckingham House, West Street, Newbury, Berkshire, England, RG14 1BE.

 
2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

Page 11

 
KV HOTELS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Going concern

The Company has made a loss during the year and at the year end had net liabilities of £354,521. 
The parent company Stockford Limited has agreed to provide support and has confirmed to the Company that it will make available sufficient financial resources as required to enable the Company to meet its short term liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.
In conclusion the directors consider that the Company will have adequate cash and other liquid resources to meet its commitments, and therefore the financial statements are appropriately prepared on a going concern basis.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
0% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

The condition and upkeep of the freehold property is carried out on a continuous basis by the company with any payments being charged to the profit and loss account as it arises. This depreciation policy reflects the expected benefits of such assets and provides consistency with the depreciation methods used by other entities within the same industry.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 12

 
KV HOTELS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Estimates are based on historical experience and other assumptions that are considered reasonable in the circumstances. The actual amount or values may vary in certain instances from the assumptions and estimates made. Changes will be recorded, with corresponding effect in profit or loss, when, and if, better information is obtained.


4.


Auditor's remuneration

During the period, the Company obtained the following services from the Company's auditor:


2023
2022
£
£

Fees payable to the Company's auditor for the audit of the Company's financial statements
3,070
2,920

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.


5.


Employees




The Company has no employees other than the Directors, who did not receive any remuneration (2022: £nil).

Page 13

 
KV HOTELS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Interest payable and similar expenses

2023
2022
£
£


Other loan interest payable
-
56,577

-
56,577


7.


Tangible fixed assets







Freehold property

£



Cost or valuation


At 31 December 2022
3,220,962



At 31 December 2023

3,220,962






Net book value



At 31 December 2023
3,220,962



At 30 December 2022
3,220,962

Page 14

 
KV HOTELS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 31 December 2022
3,098,398



At 31 December 2023

3,098,398



Impairment


At 31 December 2022
3,098,396



At 31 December 2023

3,098,396



Net book value



At 31 December 2023
2



At 30 December 2022
2

Page 15

 
KV HOTELS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

The Vineyard at Stockcross Limited
Buckingham House, West Street, Newbury, Berkshire, RG14 1BE
Ordinary
100%
Donnington Valley Group Limited
Buckingham House, West Street, Newbury, Berkshire, RG14 1BE
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the period ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

The Vineyard at Stockcross Limited
(21,859,970)
(964,800)

Donnington Valley Group Limited
(13,521,998)
485,783


9.


Debtors

31 December
30 December
2023
2022
£
£


Amounts owed by group undertakings
14,941,444
15,396,444


Amounts owed by group undertakings are non interest bearing and repayable on demand. 
There is a fixed and floating charge over all the assets of the company in relation to a loan taken out by Stockford Limited. 


10.


Cash and cash equivalents

31 December
30 December
2023
2022
£
£

Cash at bank and in hand
3,585
19,065


Page 16

 
KV HOTELS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

11.


Creditors: Amounts falling due within one year

31 December
30 December
2023
2022
£
£

Amounts owed to group undertakings
18,520,514
18,990,514

Other creditors
-
300

18,520,514
18,990,814


Amounts owed to group undertakings are non interest bearing and repayable on demand. 


12.


Share capital

31 December
30 December
2023
2022
£
£
Allotted, called up and fully paid



201 (2022 - 201) Ordinary shares of £1.00 each
201
201



13.


Reserves

Share premium account

Includes share premium received in prior periods.

Profit and loss account

Includes all current and prior period retained profit and losses.


14.


Related party transactions

The Company is exempt from disclosing related party transactions with other 100% owned members of the Group headed by Stockford Limited by virtue of FRS 102 section 33.1A.


15.


Controlling party

The Company considers Stockford Limited, a company incorporated in England and Wales, to be its ultimate parent company throughout the current and previous years. Stockford Limited is the parent of both the largest and smallest groups in which the results of the company are consolidated.  Copies of the group financial statements for Stockford Limited are available from its registered office: Buckingham House, West Street, Newbury, Berkshire, England, RG14 1BE.


Page 17