IRIS Accounts Production v24.2.0.383 07217450 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 31.7.24 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072174502022-12-31072174502023-12-31072174502023-01-012023-12-31072174502021-12-31072174502022-01-012022-12-31072174502022-12-3107217450ns15:EnglandWales2023-01-012023-12-3107217450ns14:PoundSterling2023-01-012023-12-3107217450ns10:Director12023-01-012023-12-3107217450ns10:Director22023-01-012023-12-3107217450ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107217450ns10:SmallEntities2023-01-012023-12-3107217450ns10:Audited2023-01-012023-12-3107217450ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107217450ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107217450ns10:FullAccounts2023-01-012023-12-3107217450ns10:OrdinaryShareClass12023-01-012023-12-3107217450ns10:CompanySecretary12023-01-012023-12-3107217450ns10:RegisteredOffice2023-01-012023-12-3107217450ns5:CurrentFinancialInstruments2023-12-3107217450ns5:CurrentFinancialInstruments2022-12-3107217450ns5:Non-currentFinancialInstruments2023-12-3107217450ns5:Non-currentFinancialInstruments2022-12-3107217450ns5:ShareCapital2023-12-3107217450ns5:ShareCapital2022-12-3107217450ns5:RetainedEarningsAccumulatedLosses2023-12-3107217450ns5:RetainedEarningsAccumulatedLosses2022-12-3107217450ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107217450ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107217450ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 07217450 (England and Wales)






















Financial Statements

for the Year Ended 31 December 2023

for

Brayford Hotel Lincoln Limited

Brayford Hotel Lincoln Limited (Registered number: 07217450)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Brayford Hotel Lincoln Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: L M Hall
D A Wann





SECRETARY: L M Hall





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





REGISTERED NUMBER: 07217450 (England and Wales)





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

Brayford Hotel Lincoln Limited (Registered number: 07217450)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 53,715 51,758
Debtors 4 4,100,167 2,297,139
Cash at bank 548,098 636,535
4,701,980 2,985,432
CREDITORS
Amounts falling due within one year 5 1,384,665 1,210,826
NET CURRENT ASSETS 3,317,315 1,774,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,317,315

1,774,606

CREDITORS
Amounts falling due after more than one
year

6

185,572

45,000
NET ASSETS 3,131,743 1,729,606

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 3,131,643 1,729,506
SHAREHOLDERS' FUNDS 3,131,743 1,729,606

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 Statement of Comprehensive Income 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:




L M Hall - Director



D A Wann - Director


Brayford Hotel Lincoln Limited (Registered number: 07217450)

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

1. STATUTORY INFORMATION

Brayford Hotel Lincoln 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.

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.

Hire purchase and leasing commitments
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.

Brayford Hotel Lincoln Limited (Registered number: 07217450)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 145 (2022 - 127 ) .

4. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 57,281 71,799
Other debtors 380,851 137,256
438,132 209,055

Amounts falling due after more than one year:
Amounts owed by group undertakings 3,662,035 2,088,084

Aggregate amounts 4,100,167 2,297,139

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 268,358 215,288
Taxation and social security 495,986 500,276
Other creditors 620,321 495,262
1,384,665 1,210,826

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 185,572 45,000

7. LEASING AGREEMENTS
Total commitments at 31 December 2023 were £9,900,368 (2022: £10,800,423).

8. CALLED UP SHARE CAPITAL

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

9. 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

10. 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.

11. ULTIMATE CONTROLLING PARTY

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