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REGISTERED NUMBER: 12318363 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

MOSTYN LODGE LTD

MOSTYN LODGE LTD (REGISTERED NUMBER: 12318363)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOSTYN LODGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: H L Fargher



REGISTERED OFFICE: Grosvenor House
Grosvenor St
Mold
Flintshire
CH7 1EJ



REGISTERED NUMBER: 12318363 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
10 Nicholas Street
Chester
CH1 2NX



BANKERS: National Westminster Bank plc
Customer Service Centre
Western Avenue
Waterside Court
Chantham
Kent
ME4 4RT

MOSTYN LODGE LTD (REGISTERED NUMBER: 12318363)

BALANCE SHEET
30TH NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,841 40,617

CURRENT ASSETS
Stocks 1,750 1,600
Debtors 5 71,558 9,374
Cash at bank 246,463 212,878
319,771 223,852
CREDITORS
Amounts falling due within one year 6 230,090 194,303
NET CURRENT ASSETS 89,681 29,549
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,522

70,166

CREDITORS
Amounts falling due after more than one
year

7

(16,611

)

(26,612

)

PROVISIONS FOR LIABILITIES 8 (10,031 ) (5,081 )
NET ASSETS 117,880 38,473

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 117,879 38,472
SHAREHOLDERS' FUNDS 117,880 38,473

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

MOSTYN LODGE LTD (REGISTERED NUMBER: 12318363)

BALANCE SHEET - continued
30TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st August 2024 and were signed by:





H L Fargher - Director


MOSTYN LODGE LTD (REGISTERED NUMBER: 12318363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Mostyn Lodge Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - at variable rates on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% 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 Statement of Income and Retained Earnings, 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.

MOSTYN LODGE LTD (REGISTERED NUMBER: 12318363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st December 2022 14,183 6,958 19,978 7,863 48,982
Additions - 16,806 1,614 2,264 20,684
At 30th November 2023 14,183 23,764 21,592 10,127 69,666
DEPRECIATION
At 1st December 2022 307 1,033 5,628 1,397 8,365
Charge for year 277 2,152 2,397 1,634 6,460
At 30th November 2023 584 3,185 8,025 3,031 14,825
NET BOOK VALUE
At 30th November 2023 13,599 20,579 13,567 7,096 54,841
At 30th November 2022 13,876 5,925 14,350 6,466 40,617

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 4,088 6,691
Provision for bad debts (1,101 ) -
Other debtors 68,571 270
Directors' current accounts - 2,413
71,558 9,374

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 9,500 9,849
Tax 31,145 12,814
Social security and other taxes 3,288 (2,463 )
Pension creditor 134 133
VAT 40,938 40,718
Other creditors 940 596
Net wages 2,285 -
Directors' current accounts 210 -
Accruals and deferred income 141,650 132,656
230,090 194,303

MOSTYN LODGE LTD (REGISTERED NUMBER: 12318363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 9,500 10,098
Bank loans - 2-5 years 7,111 16,514
16,611 26,612

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax
Accelerated capital allowances 7,556 -
Other timing differences 2,475 -
Deferred tax - 5,081
10,031 5,081

Deferred Other
tax provisions
£    £   
Balance at 1st December 2022 5,081 3,880
changes in tax rates 2,475 -
changes in tax allowances 2,475 1,201
Balance at 30th November 2023 10,031 5,081

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1

10. CAPITAL COMMITMENTS
30.11.23 30.11.22
£    £   
Contracted but not provided for in the
financial statements - -

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £35,000 were paid to the director .

Included other debtors is a loan account balance with Hanmore Property LLP. An LLP in which Mrs H L Fargher is a partner. As at 30th November 2023 the balance of this loan account was a debit of £870 (2022: £270). No interest is being charged on the loan and the balance is repayable on demand.

Included other debtors is a loan account balance with Limelight Letting Limited. A Company in which Mrs H L Fargher is a director. As at 30th November 2023 the balance of this loan account was a debit of £5,029 (2022: £Nil). No interest is being charged on the loan and the balance is repayable on demand.