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REGISTERED NUMBER: 03625181 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Lexham Hotel Limited

Lexham Hotel Limited (Registered number: 03625181)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lexham Hotel Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mrs C A Reaney





SECRETARY: Mr K M Reaney





REGISTERED OFFICE: 12/14 Banks Street
Blackpool
Lancashire
FY1 1RN





REGISTERED NUMBER: 03625181 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

Lexham Hotel Limited (Registered number: 03625181)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,900 5,200
Tangible assets 5 123,056 126,657
126,956 131,857

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 907 924
Cash at bank and in hand 1,921 1,491
3,828 3,415
CREDITORS
Amounts falling due within one year 7 52,948 47,486
NET CURRENT LIABILITIES (49,120 ) (44,071 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,836

87,786

CREDITORS
Amounts falling due after more than one
year

8

(5,400

)

(9,000

)

PROVISIONS FOR LIABILITIES (2,850 ) (3,058 )
NET ASSETS 69,586 75,728

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 68,586 74,728
69,586 75,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Lexham Hotel Limited (Registered number: 03625181)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 22 August 2024 and were signed by:





Mrs C A Reaney - Director


Lexham Hotel Limited (Registered number: 03625181)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Lexham Hotel 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 was purchased in 1998 ,however, has not been written off in previous years. The directors feels that from 1st December 2016 Goodwill should be written off over a period of 10 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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

Lexham Hotel Limited (Registered number: 03625181)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 13,000
AMORTISATION
At 1 December 2022 7,800
Amortisation for year 1,300
At 30 November 2023 9,100
NET BOOK VALUE
At 30 November 2023 3,900
At 30 November 2022 5,200

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 December 2022 125,258 58,904 184,162
Additions - 1,551 1,551
At 30 November 2023 125,258 60,455 185,713
DEPRECIATION
At 1 December 2022 14,695 42,810 57,505
Charge for year 2,505 2,647 5,152
At 30 November 2023 17,200 45,457 62,657
NET BOOK VALUE
At 30 November 2023 108,058 14,998 123,056
At 30 November 2022 110,563 16,094 126,657

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Prepayments 907 924

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 3,600 3,600
Trade creditors 2,074 -
Tax 29,945 26,352
Other creditors 13,328 13,328
Directors' loan accounts 455 878
Accrued expenses 3,546 3,328
52,948 47,486

Lexham Hotel Limited (Registered number: 03625181)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 3,600 3,600
Bank loans - 2-5 years 1,800 5,400
5,400 9,000

9. RELATED PARTY DISCLOSURES

At 30th November 2023 the company owed £13,328 to North Shore Leisure Limited (2022 £13,328). No interest has been charged to the company on the amount which is repayable on demand and classified in creditors due in one year. Mr K M Reaney is a 50% shareholder in both Lexham Hotel Limited and North Shore Leisure Limited.