REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1ST DECEMBER 2023 |
FOR |
MOUNTAIN LODGE HOTELS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1ST DECEMBER 2023 |
FOR |
MOUNTAIN LODGE HOTELS LIMITED |
MOUNTAIN LODGE HOTELS LIMITED (REGISTERED NUMBER: 03685904) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1ST DECEMBER 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
MOUNTAIN LODGE HOTELS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 1ST DECEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 High Street |
Woburn Sands |
Milton Keynes |
Buckinghamshire |
MK17 8RF |
MOUNTAIN LODGE HOTELS LIMITED (REGISTERED NUMBER: 03685904) |
STATEMENT OF FINANCIAL POSITION |
1ST DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
MOUNTAIN LODGE HOTELS LIMITED (REGISTERED NUMBER: 03685904) |
STATEMENT OF FINANCIAL POSITION - continued |
1ST DECEMBER 2023 |
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 Board of Directors and authorised for issue on |
MOUNTAIN LODGE HOTELS LIMITED (REGISTERED NUMBER: 03685904) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1ST DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Mountain Lodge Hotels Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Plant and machinery - 9% on cost |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Foreign currencies |
Intercompany loans are carried at historic exchange rates and not revalued annually because the director has taken a long term view that they will ultimately recover their value. If the loans had been revalued the effect would be to show an exchange gain of £253,870 (2022: £62,139). |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 2nd December 2022 |
and 1st December 2023 |
DEPRECIATION |
At 2nd December 2022 |
Charge for year |
At 1st December 2023 |
NET BOOK VALUE |
At 1st December 2023 |
At 1st December 2022 |
MOUNTAIN LODGE HOTELS LIMITED (REGISTERED NUMBER: 03685904) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 1ST DECEMBER 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 2nd December 2022 |
and 1st December 2023 |
NET BOOK VALUE |
At 1st December 2023 |
At 1st December 2022 |
Holdings of more than 20% |
The company holds more than 20%, directly or indirectly, of the share capital of the following companies: |
Company |
Country of registration or incorporation |
Shares Class |
Held % |
Subsidiary undertakings |
SCI 1900 | France | Ordinary shares | 99 |
I Aigle | France | Ordinary shares | 99 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
Within other creditors is a loan made to the company in the sum of £110,000 (2021: £110,000) on which interest is payable at 3% above base rate. |
MOUNTAIN LODGE HOTELS LIMITED (REGISTERED NUMBER: 03685904) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 1ST DECEMBER 2023 |
9. | RELATED PARTY DISCLOSURES |
Included in creditors is the following amount owed to a related company in which Mrs Stewart is either a director or has a significant influence on the general running of the business. In 2023 Mountain Lodge Hotels Limited invoiced SCI 1900 £334,291 and Mountain Lodge Hotels Limited was invoiced £242,500 by Alpes Adventures Limited and £110,000 by Ski Snowcoach Limited. |
The amount owed to related companies at the year end is as follows: |
Ski Snowcoach Limited £530,875 (2022: £241,801). |
Cantabrica Air Brokers Limited £42,465 (2022 £nil). |
Mountain Lodge Coaches Limited £42,466 (2022 £nil). |
Alpes Adventures Limited £110,000 (2022 £nil). |
Included in debtors are amounts due from the wholly owned subsidiaries: SCI Aigle of £773,877 (2022: £764,976) and SCI 1900 of £301,480 (2022 £527,327). |