Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mrs A E Way 21/10/2022 Mr N J M Way 21/06/2018 10 September 2024 The principal activity of the company is that of hoteliers and the running of a public house 11425964 2024-06-30 11425964 bus:Director1 2024-06-30 11425964 bus:Director2 2024-06-30 11425964 2023-06-30 11425964 core:CurrentFinancialInstruments 2024-06-30 11425964 core:CurrentFinancialInstruments 2023-06-30 11425964 core:ShareCapital 2024-06-30 11425964 core:ShareCapital 2023-06-30 11425964 core:RetainedEarningsAccumulatedLosses 2024-06-30 11425964 core:RetainedEarningsAccumulatedLosses 2023-06-30 11425964 core:LandBuildings 2023-06-30 11425964 core:FurnitureFittings 2023-06-30 11425964 core:LandBuildings 2024-06-30 11425964 core:FurnitureFittings 2024-06-30 11425964 2022-06-30 11425964 bus:OrdinaryShareClass1 2024-06-30 11425964 2023-07-01 2024-06-30 11425964 bus:FilletedAccounts 2023-07-01 2024-06-30 11425964 bus:SmallEntities 2023-07-01 2024-06-30 11425964 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11425964 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11425964 bus:Director1 2023-07-01 2024-06-30 11425964 bus:Director2 2023-07-01 2024-06-30 11425964 core:LandBuildings core:TopRangeValue 2023-07-01 2024-06-30 11425964 core:FurnitureFittings 2023-07-01 2024-06-30 11425964 2022-07-01 2023-06-30 11425964 core:LandBuildings 2023-07-01 2024-06-30 11425964 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 11425964 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11425964 (England and Wales)

ANCHOR HOTEL PORLOCK WEIR (2018) LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

ANCHOR HOTEL PORLOCK WEIR (2018) LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

ANCHOR HOTEL PORLOCK WEIR (2018) LTD

COMPANY INFORMATION

For the financial year ended 30 June 2024
ANCHOR HOTEL PORLOCK WEIR (2018) LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS Mrs A E Way
Mr N J M Way
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
COMPANY NUMBER 11425964 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
ANCHOR HOTEL PORLOCK WEIR (2018) LTD

BALANCE SHEET

As at 30 June 2024
ANCHOR HOTEL PORLOCK WEIR (2018) LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 194,592 201,472
194,592 201,472
Current assets
Stocks 11,497 15,248
Debtors 4 500,172 388,709
Cash at bank and in hand 81,207 86,543
592,876 490,500
Creditors: amounts falling due within one year 5 ( 964,494) ( 1,006,587)
Net current liabilities (371,618) (516,087)
Total assets less current liabilities (177,026) (314,615)
Provision for liabilities 43,316 78,244
Net liabilities ( 133,710) ( 236,371)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 133,810 ) ( 236,471 )
Total shareholders' deficit ( 133,710) ( 236,371)

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Anchor Hotel Porlock Weir (2018) Ltd (registered number: 11425964) were approved and authorised for issue by the Board of Directors on 10 September 2024. They were signed on its behalf by:

Mr N J M Way
Director
ANCHOR HOTEL PORLOCK WEIR (2018) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
ANCHOR HOTEL PORLOCK WEIR (2018) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Anchor Hotel Porlock Weir (2018) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £133,710. The company is reliant upon the continued support of an associated company. The directors have no reason to believe that this support will be withdrawn.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and discounts.

The company recognises revenue when the value of goods and services provided to date can be reliably measured.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings 25 years straight line
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be
paid or received, after taking account of impairment adjustments

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 24 25

3. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 July 2023 27,841 357,826 385,667
Additions 0 24,840 24,840
At 30 June 2024 27,841 382,666 410,507
Accumulated depreciation
At 01 July 2023 5,560 178,635 184,195
Charge for the financial year 1,112 30,608 31,720
At 30 June 2024 6,672 209,243 215,915
Net book value
At 30 June 2024 21,169 173,423 194,592
At 30 June 2023 22,281 179,191 201,472

4. Debtors

2024 2023
£ £
Trade debtors 209 1,083
Other debtors 499,963 387,626
500,172 388,709

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 39,159 60,363
Other taxation and social security 73,050 69,823
Other creditors 852,285 876,401
964,494 1,006,587

6. Deferred tax

2024 2023
£ £
At the beginning of financial year 78,244 121,912
Charged to the Profit and Loss Account ( 34,928) ( 43,668)
At the end of financial year 43,316 78,244

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Financial commitments

Other financial commitments

2024 2023
£ £
Commitments in respect of Rental agreements 11,000 35,078