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REGISTERED NUMBER: 00610302 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

N.H.G. ACCOMMODATIONS LIMITED

N.H.G. ACCOMMODATIONS LIMITED (REGISTERED NUMBER: 00610302)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N.H.G. ACCOMMODATIONS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J Taylor





REGISTERED OFFICE: 153 -155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ





REGISTERED NUMBER: 00610302 (England and Wales)

N.H.G. ACCOMMODATIONS LIMITED (REGISTERED NUMBER: 00610302)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,533,000 1,480,000

CURRENT ASSETS
Debtors 5 322,639 292,264
Cash at bank 111,102 313,338
433,741 605,602
CREDITORS
Amounts falling due within one year 6 36,523 53,047
NET CURRENT ASSETS 397,218 552,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,930,218

2,032,555

CREDITORS
Amounts falling due after more than one
year

7

(315,332

)

(518,751

)

PROVISIONS FOR LIABILITIES 8 (301,783 ) (288,533 )
NET ASSETS 1,313,103 1,225,271

CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Revaluation reserve 10 1,200,191 1,160,441
Retained earnings 10 107,912 59,830
SHAREHOLDERS' FUNDS 1,313,103 1,225,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

N.H.G. ACCOMMODATIONS LIMITED (REGISTERED NUMBER: 00610302)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 February 2024 and were signed by:





J Taylor - Director


N.H.G. ACCOMMODATIONS LIMITED (REGISTERED NUMBER: 00610302)

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


1. STATUTORY INFORMATION

N.H.G. Accommodations 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,480,000
Revaluations 53,000
At 31 December 2023 1,533,000
NET BOOK VALUE
At 31 December 2023 1,533,000
At 31 December 2022 1,480,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2013 1,468,974
Valuation in 2018 (48,149 )
Valuation in 2022 28,149
Valuation in 2023 53,000
Cost 31,026
1,533,000

N.H.G. ACCOMMODATIONS LIMITED (REGISTERED NUMBER: 00610302)

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


4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 31,026 31,026

Investment property was valued on an open market basis on 31 December 2023 by SPC Property Consultants Limited .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 322,639 292,264

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 3,854
Tax 4,693 17,363
Accrued expenses 31,830 31,830
36,523 53,047

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 3,907
Bank loans - 2-5 years 315,332 514,844
315,332 518,751

Included in loans repayable within 2-5 years is an amount of £315,332, which is repayable in 2027.

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Other timing differences 301,783 288,533

Deferred
tax
£   
Balance at 1 January 2023 288,533
Provided during year 13,250
Balance at 31 December 2023 301,783

N.H.G. ACCOMMODATIONS LIMITED (REGISTERED NUMBER: 00610302)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary 1 5,000 5,000

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 59,830 1,160,441 1,220,271
Profit for the year 87,832 87,832
Transfer between reserves (39,750 ) 39,750 -
At 31 December 2023 107,912 1,200,191 1,308,103

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of E.F.T. Holdings Limited, whose registered office is 153-155 London Road, Hemel Hempstead, HP3 9SQ.