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Registration number: 06543756

Holland Inn Hotel Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

Holland Inn Hotel Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Holland Inn Hotel Limited

Company Information

Director

F L Malty

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Holland Inn Hotel Limited

(Registration number: 06543756)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

4,210,209

4,212,760

Current assets

 

Debtors

1,462

2,862

Cash at bank and in hand

 

5,262

6,575

 

6,724

9,437

Creditors: Amounts falling due within one year

(74,282)

(64,624)

Net current liabilities

 

(67,558)

(55,187)

Total assets less current liabilities

 

4,142,651

4,157,573

Creditors: Amounts falling due after more than one year

(1,009,536)

(1,061,936)

Provisions for liabilities

(208,706)

(211,023)

Net assets

 

2,924,409

2,884,614

Capital and reserves

 

Called up share capital

100

100

Other reserves

1,725,376

1,725,376

Retained earnings

1,198,933

1,159,138

Shareholders' funds

 

2,924,409

2,884,614

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Holland Inn Hotel Limited

(Registration number: 06543756)
Abridged Balance Sheet as at 31 December 2023

Approved and authorised by the director on 4 September 2024
 

.........................................
F L Malty
Director

   
     
 

Holland Inn Hotel Limited

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

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Holland Inn Hotel Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and Fittings

20% Reducing Balance

Computer Equipment

20% Reducing Balance

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 4).

3

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

4,200,000

134,672

4,619

4,339,291

At 31 December 2023

4,200,000

134,672

4,619

4,339,291

Depreciation

At 1 January 2023

-

122,517

4,014

126,531

Charge for the year

-

2,431

120

2,551

At 31 December 2023

-

124,948

4,134

129,082

Carrying amount

At 31 December 2023

4,200,000

9,724

485

4,210,209

At 31 December 2022

4,200,000

12,155

605

4,212,760

Included within the net book value of land and buildings above is £4,200,000 (2022 - £4,200,000) in respect of freehold land and buildings.
 

 

Holland Inn Hotel Limited

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

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100