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REGISTERED NUMBER: 03685904 (England and Wales)










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: D J Stewart
Mrs L M Stewart





REGISTERED OFFICE: 9 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF





REGISTERED NUMBER: 03685904 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
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 17,845 25,480
Investments 5 104,311 104,311
122,156 129,791

CURRENT ASSETS
Debtors 6 1,122,589 765,124
Cash at bank 638,249 1,197
1,760,838 766,321
CREDITORS
Amounts falling due within one year 7 1,318,121 323,355
NET CURRENT ASSETS 442,717 442,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

564,873

572,757

CREDITORS
Amounts falling due after more than one
year

8

(110,000

)

(110,000

)

PROVISIONS FOR LIABILITIES (540 ) (2,456 )
NET ASSETS 454,333 460,301

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Other reserves 37,256 37,256
Retained earnings 357,077 363,045
SHAREHOLDERS' FUNDS 454,333 460,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 1st December 2023 in accordance with Section 476 of the Companies Act 2006.

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


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 Board of Directors and authorised for issue on 30th August 2024 and were signed on its behalf by:





Mrs L M Stewart - Director


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 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.

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 2nd December 2022
and 1st December 2023 102,990
DEPRECIATION
At 2nd December 2022 77,510
Charge for year 7,635
At 1st December 2023 85,145
NET BOOK VALUE
At 1st December 2023 17,845
At 1st December 2022 25,480

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 104,311
NET BOOK VALUE
At 1st December 2023 104,311
At 1st December 2022 104,311

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 1,122,589 765,124

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,318,121 323,355

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 110,000 110,000

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).