Registered number
07768091
Le Bouchon Hotel Limited
Filleted Accounts
31 December 2023
Le Bouchon Hotel Limited
Registered number: 07768091
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 181,928 207,620
Current assets
Stocks 27,000 27,000
Debtors 4 11,182 32,888
Cash at bank and in hand 22,169 17,694
60,351 77,582
Creditors: amounts falling due within one year 5 (316,662) (242,804)
Net current liabilities (256,311) (165,222)
Total assets less current liabilities (74,383) 42,398
Creditors: amounts falling due after more than one year 6 (1,103,699) (1,033,881)
Net liabilities (1,178,082) (991,483)
Capital and reserves
Called up share capital 150 150
Profit and loss account (1,178,232) (991,633)
Shareholders' funds (1,178,082) (991,483)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J W Kiernan S J Loveday
Director Director
Approved by the board on 30 August 2024
Le Bouchon Hotel Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold property improvements 5% reducing balance basis
Plant and equipment 15% to 20% reducing balance basis
Fixtures and fittings 10% reducing balance basis
Motor vehicles 20% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 29 32
3 Tangible fixed assets
Leasehold property improvements Furniture and equipment Fixtures and fittings Total
£ £ £ £
Cost
At 1 January 2023 29,539 394,951 91,238 515,728
Additions 336 595 874 1,805
At 31 December 2023 29,875 395,546 92,112 517,533
Depreciation
At 1 January 2023 7,279 241,881 58,948 308,108
Charge for the year 1,131 23,050 3,316 27,497
At 31 December 2023 8,410 264,931 62,264 335,605
Net book value
At 31 December 2023 21,465 130,615 29,848 181,928
At 31 December 2022 22,260 153,070 32,290 207,620
4 Debtors 2023 2022
£ £
Trade debtors 2,564 9,353
Group company - The Maldon Garden Centre Ltd 5,403 3,015
Other debtors 3,215 20,520
11,182 32,888
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 81,653 114,071
Group company - Essex Restaurants Ltd 37,196 21,596
Directors' loan accounts 98,888 31,888
Other taxes and social security costs 67,913 69,590
Other creditors 31,012 5,659
316,662 242,804
6 Creditors: amounts falling due after one year 2023 2022
£ £
Loan from J K Holdings Ltd (Parent company) 1,078,699 833,881
Other Loans - Director - J Kiernan 25,000 200,000
1,103,699 1,033,881
7 Other financial commitments 2023 2022
£ £
At the year end the company had annual commitments under non-cancellable operating leases as follows: 186,970 4,129
8 Related party transactions & Going Concern.
JK Holdings Ltd & John Kiernan
At 31 December 2023 Le Bouchon Hotel Ltd owed to J K Holdings Ltd £1,078,699 (2022: £833,881).

Whilst the company will continue to receive financial support from J K Holdings Ltd and J W Kiernan (director) for the foreseeable future, the Balance Sheet showed Net Liabilities at 31/12/2023 of £1,173,282.

The company still owes J W Kiernan Esq. £25,000 which is repayable after more than one year under terms to be agreed, plus a further loan due currently.
9 Controlling party
The Company is under the control of J K Holdings Ltd, by virtue of it's ownership of 80% of the issued Ordinary share capital.
10 Rent of premises
As from this year, Rent of £40,000 per annum is payable for use of the premises. Of this amount 62% is due to the Holding Company and 38% is due to the Directors Pension Fund.
11 Registration of Charge
A Fixed and Floating Charge was registered against the Company assets by Nat-West Bank PLC on 3 September 2014.
12 Other information
Le Bouchon Hotel Limited is a private company limited by shares and incorporated in England. Its registered office is:
Victoria House
88 The Causeway
Maldon
Essex
CM9 4LL
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