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REGISTERED NUMBER: 10392441 (England and Wales)






















Financial Statements

for the Year Ended 30 December 2023

for

Brayford Hotel Hull Limited

Brayford Hotel Hull Limited (Registered number: 10392441)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Brayford Hotel Hull Limited

Company Information
for the Year Ended 30 December 2023







DIRECTORS: L M Hall
D A Wann
R J Farrar





REGISTERED OFFICE: The Circus
Belton Park Road
Skegness
Lincolnshire
PE25 1GU





REGISTERED NUMBER: 10392441 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Brayford Hotel Hull Limited (Registered number: 10392441)

Balance Sheet
30 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 723 2,050

CURRENT ASSETS
Stocks 98,352 70,244
Debtors 5 1,727,273 789,189
Cash at bank 448,120 450,324
2,273,745 1,309,757
CREDITORS
Amounts falling due within one year 6 1,126,616 1,043,997
NET CURRENT ASSETS 1,147,129 265,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,147,852

267,810

CREDITORS
Amounts falling due after more than one
year

7

139,329

186,096
NET ASSETS 1,008,523 81,714

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,008,423 81,614
SHAREHOLDERS' FUNDS 1,008,523 81,714

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 31 July 2024 and were signed on its behalf by:




D A Wann - Director



L M Hall - Director


Brayford Hotel Hull Limited (Registered number: 10392441)

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

1. STATUTORY INFORMATION

Brayford Hotel Hull 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Brayford Hotel Hull Limited (Registered number: 10392441)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the income statement when due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 135 (2022 - 143 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 31 December 2022
and 30 December 2023 8,845
DEPRECIATION
At 31 December 2022 6,795
Charge for year 1,327
At 30 December 2023 8,122
NET BOOK VALUE
At 30 December 2023 723
At 30 December 2022 2,050

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 292,321 242,700
Other debtors 125,269 112,328
417,590 355,028

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,309,683 434,161

Aggregate amounts 1,727,273 789,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 320,861 375,661
Taxation and social security 353,864 279,749
Other creditors 451,891 388,587
1,126,616 1,043,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 139,329 186,096

Brayford Hotel Hull Limited (Registered number: 10392441)

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

8. LEASING AGREEMENTS
Total operating lease commitments at the year end were £16,388,416 (2022: £17,412,692).

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shaw BSc FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

11. CONTINGENT LIABILITIES

There is an unlimited cross guarantee in place for the bank debt held by the ultimate parent company and any fellow subsidiary company.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Hull Holdings Limited.

The ultimate controlling party is Brayford Hotels Holdings Limited, the registered office address is Unit 1, The Circus, Belton Park Road, Skegness, PE25 1GU.