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Registered number: 05472591
M G R Hotels Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 05472591
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 351,511 390,526
351,512 390,527
CURRENT ASSETS
Stocks 16,291 6,000
Debtors 6 292,092 283,242
Investments 7 413,895 150,000
Cash at bank and in hand 76,688 275,904
798,966 715,146
Creditors: Amounts Falling Due Within One Year 8 (213,722 ) (217,945 )
NET CURRENT ASSETS (LIABILITIES) 585,244 497,201
TOTAL ASSETS LESS CURRENT LIABILITIES 936,756 887,728
PROVISIONS FOR LIABILITIES
Deferred Taxation (58,064 ) (63,375 )
NET ASSETS 878,692 824,353
CAPITAL AND RESERVES
Called up share capital 200,002 200,002
Income Statement 678,690 624,351
SHAREHOLDERS' FUNDS 878,692 824,353
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs Y M Graham-Roe
Director
26/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
M G R Hotels Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05472591 . The registered office is First Floor, Embsay Mill, Embsay, Skipton, North Yorkshire, BD23 6QF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared under the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Income from food and bar sales is recognised on a point of sale basis.
Income from rooms is recognised on departure of the guest.
Income from functions is recognised once that function has taken place.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight line over the term of the lease
Plant & Machinery 15% reducing balance
Fixtures & Fittings 10% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
2.7. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
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2.8. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
2.9. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 36 (2023: 32)
36 32
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 1
As at 30 April 2024 1
Net Book Value
As at 30 April 2024 1
As at 1 May 2023 1
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 293,403 92,697 727,946 1,114,046
Additions - - 5,204 5,204
As at 30 April 2024 293,403 92,697 733,150 1,119,250
Depreciation
As at 1 May 2023 129,287 80,343 513,890 723,520
Provided during the period 20,515 1,853 21,851 44,219
As at 30 April 2024 149,802 82,196 535,741 767,739
...CONTINUED
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Net Book Value
As at 30 April 2024 143,601 10,501 197,409 351,511
As at 1 May 2023 164,116 12,354 214,056 390,526
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,296 11,795
Prepayments and accrued income 10,796 8,427
Other debtors 274,000 263,020
292,092 283,242
7. Current Asset Investments
2024 2023
£ £
Listed investments 413,895 150,000
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 59,463 70,796
Corporation tax 21,628 25,931
VAT 44,152 43,244
Other creditors - 562
Accruals and deferred income 83,754 63,822
Director's loan account 4,725 13,590
213,722 217,945
9. Pension Commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,823 (2023 - £3,838).
Contributions totalling £nil (2023 - £562) were payable to the fund at the year end, and are included in creditors: amounts falling due within one year.
10. Related Party Transactions
During the year, dividends of £nil (2023 - £nil) were paid to the director.
Included in creditors: amounts falling due within one year, is a directors loan account balance of £4,725 (2023 - £13,590) owing to Mrs Y M Graham-Roe.
The balance is interest free and repayable on demand.
11. Ultimate Controlling Party
The company is under the control of Mr N C Roe and Mrs Y M Graham-Roe, who are interested in 100% of the company's issued share capital which carry voting rights.
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