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REGISTERED NUMBER: 12431013 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

Mytton Fold Hotel 2020 Ltd

Mytton Fold Hotel 2020 Ltd (Registered number: 12431013)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mytton Fold Hotel 2020 Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R J Mustoe
C G Mustoe





REGISTERED OFFICE: Syke Side Drive
Altham Business Park
Accrington
Lancashire
BB5 5YE





REGISTERED NUMBER: 12431013 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Mytton Fold Hotel 2020 Ltd (Registered number: 12431013)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,896,221 1,953,126

CURRENT ASSETS
Stocks 27,895 22,970
Debtors 5 15,479 42,190
Cash at bank and in hand 105,142 70,168
148,516 135,328
CREDITORS
Amounts falling due within one year 6 3,242,911 3,077,497
NET CURRENT LIABILITIES (3,094,395 ) (2,942,169 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,198,174

)

(989,043

)

PROVISIONS FOR LIABILITIES 34,146 30,942
NET LIABILITIES (1,232,320 ) (1,019,985 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (1,232,420 ) (1,020,085 )
SHAREHOLDERS' FUNDS (1,232,320 ) (1,019,985 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





C G Mustoe - Director


Mytton Fold Hotel 2020 Ltd (Registered number: 12431013)

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

1. STATUTORY INFORMATION

Mytton Fold Hotel 2020 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of consideration received or receivable for goods and services provided, excluding value added tax and is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

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 Income Statement, 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.


Mytton Fold Hotel 2020 Ltd (Registered number: 12431013)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The company has adopted the going concern basis for the preparation of its accounts on the basis of confirmed continued financial support of the company's parent company Senator International Limited.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2022 - 67 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 1,615,815 156,826 389,245 8,030 2,169,916
Additions 6,212 19,260 16,252 - 41,724
At 31 December 2023 1,622,027 176,086 405,497 8,030 2,211,640
DEPRECIATION
At 1 January 2023 90,339 45,424 75,341 5,686 216,790
Charge for year 32,316 24,195 39,774 2,344 98,629
At 31 December 2023 122,655 69,619 115,115 8,030 315,419
NET BOOK VALUE
At 31 December 2023 1,499,372 106,467 290,382 - 1,896,221
At 31 December 2022 1,525,476 111,402 313,904 2,344 1,953,126

Mytton Fold Hotel 2020 Ltd (Registered number: 12431013)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,114 27,029
Prepayments 9,365 15,161
15,479 42,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 73,170 68,810
Amounts owed to group undertakings 2,765,010 2,691,759
Social security and other taxes 77,456 77,554
Other creditors 8,257 10,753
Accruals and deferred income 319,018 228,621
3,242,911 3,077,497

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Keith Roberts (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

9. ULTIMATE CONTROLLING PARTY

The company is a wholly-owned subsidiary of Senator International Limited, which is controlled by Mr Colin Mustoe.