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Company Registration No. 13062592 (England and Wales)
Cascade Hospitality Ltd Unaudited accounts for the year ended 31 December 2023
Cascade Hospitality Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
257,440 
262,456 
Current assets
Inventories
5,221 
6,777 
Debtors
7,188 
1,581 
Cash at bank and in hand
11,416 
2,824 
23,825 
11,182 
Creditors: amounts falling due within one year
(55,211)
(25,087)
Net current liabilities
(31,386)
(13,905)
Total assets less current liabilities
226,054 
248,551 
Creditors: amounts falling due after more than one year
(292,774)
(290,000)
Provisions for liabilities
Deferred tax
- 
(2,488)
Net liabilities
(66,720)
(43,937)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(66,722)
(43,939)
Shareholders' funds
(66,720)
(43,937)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
Samuel Mashford Director Company Registration No. 13062592
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Cascade Hospitality Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Cascade Hospitality Ltd is a private company, limited by shares, registered in England and Wales, registration number 13062592. The registered office is The Black Bull , East Witton Road, Middleham, Leyburn, DL8 4NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
00.00%
Plant & machinery
25.00% Straight Line
Fixtures & fittings
25.00% Straight Line
Computer equipment
33.33% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Cascade Hospitality Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
271,956 
Additions
808 
At 31 December 2023
272,764 
Depreciation
At 1 January 2023
9,500 
Charge for the year
5,824 
At 31 December 2023
15,324 
Net book value
At 31 December 2023
257,440 
At 31 December 2022
262,456 
5
Transactions with related parties
At the financial year end the company owed the Directors £287,030 (2022 - £292,947).
6
Average number of employees
During the year the average number of employees was 12 (2022: 8).
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