34 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 300,000 300,000 xbrli:pure xbrli:shares iso4217:GBP 04057825 2023-01-01 2023-12-31 04057825 2023-12-31 04057825 2022-12-31 04057825 2022-01-01 2022-12-31 04057825 2022-12-31 04057825 2021-12-31 04057825 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04057825 core:FurnitureFittings 2023-01-01 2023-12-31 04057825 core:NetGoodwill 2023-01-01 2023-12-31 04057825 bus:Director1 2023-01-01 2023-12-31 04057825 core:NetGoodwill 2023-12-31 04057825 core:LandBuildings 2022-12-31 04057825 core:FurnitureFittings 2022-12-31 04057825 core:LandBuildings 2023-12-31 04057825 core:FurnitureFittings 2023-12-31 04057825 core:LandBuildings 2023-01-01 2023-12-31 04057825 core:WithinOneYear 2023-12-31 04057825 core:WithinOneYear 2022-12-31 04057825 core:AfterOneYear 2023-12-31 04057825 core:AfterOneYear 2022-12-31 04057825 core:ShareCapital 2023-12-31 04057825 core:ShareCapital 2022-12-31 04057825 core:SharePremium 2023-12-31 04057825 core:SharePremium 2022-12-31 04057825 core:RevaluationReserve 2023-12-31 04057825 core:RevaluationReserve 2022-12-31 04057825 core:RetainedEarningsAccumulatedLosses 2023-12-31 04057825 core:RetainedEarningsAccumulatedLosses 2022-12-31 04057825 core:LandBuildings 2022-12-31 04057825 core:FurnitureFittings 2022-12-31 04057825 bus:SmallEntities 2023-01-01 2023-12-31 04057825 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04057825 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04057825 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04057825 bus:FullAccounts 2023-01-01 2023-12-31 04057825 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 04057825 core:FurnitureFittingsToolsEquipment 2022-12-31 04057825 core:FurnitureFittingsToolsEquipment 2023-12-31 04057825 core:OtherRelatedParties 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 04057825
LLECHWEN HALL HOTEL LTD
Filleted Unaudited Financial Statements
31 December 2023
LLECHWEN HALL HOTEL LTD
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
6
5,589,942
5,642,370
Current assets
Debtors
7
381,856
410,636
Cash at bank and in hand
466,065
429,769
----------
----------
847,921
840,405
Creditors: amounts falling due within one year
8
2,260,976
2,261,288
-------------
-------------
Net current liabilities
1,413,055
1,420,883
-------------
-------------
Total assets less current liabilities
4,176,887
4,221,487
Creditors: amounts falling due after more than one year
9
2,175,000
2,287,084
-------------
-------------
Net assets
2,001,887
1,934,403
-------------
-------------
Capital and reserves
Called up share capital
100
100
Share premium account
299,900
299,900
Revaluation reserve
2,229,453
2,229,453
Profit and loss account
( 527,566)
( 595,050)
-------------
-------------
Shareholders funds
2,001,887
1,934,403
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LLECHWEN HALL HOTEL LTD
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 11 September 2024 , and are signed on behalf of the board by:
Mr R Gor
Director
Company registration number: 04057825
LLECHWEN HALL HOTEL LTD
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vyman House, 104 College Road, Harrow, HA1 1BQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but reversed at the balance sheet date.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Amortisation
-
Amortisation over 20 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property
-
2% reducing balance
Fixtures & Fittings
-
10% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
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. For the purposes of impairment testing, 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 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 34 (2022: 32 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
300,000
----------
Amortisation
At 1 January 2023 and 31 December 2023
300,000
----------
Carrying amount
At 31 December 2023
----------
At 31 December 2022
----------
6. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 January 2023
5,419,337
1,399,044
305,218
7,123,599
Additions
55,354
56,191
35,658
147,203
-------------
-------------
----------
-------------
At 31 December 2023
5,474,691
1,455,235
340,876
7,270,802
-------------
-------------
----------
-------------
Depreciation
At 1 January 2023
607,419
599,973
273,837
1,481,229
Charge for the year
97,345
85,526
16,760
199,631
-------------
-------------
----------
-------------
At 31 December 2023
704,764
685,499
290,597
1,680,860
-------------
-------------
----------
-------------
Carrying amount
At 31 December 2023
4,769,927
769,736
50,279
5,589,942
-------------
-------------
----------
-------------
At 31 December 2022
4,811,918
799,071
31,381
5,642,370
-------------
-------------
----------
-------------
7. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
351,938
351,938
Other debtors
29,918
58,698
----------
----------
381,856
410,636
----------
----------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
255,426
391,228
Amounts owed to group undertakings and undertakings in which the company has a participating interest
276,436
296,436
Corporation tax
499
Social security and other taxes
18,320
11,229
Other creditors
1,710,295
1,562,395
-------------
-------------
2,260,976
2,261,288
-------------
-------------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
2,175,000
2,287,084
-------------
-------------
10. Related party transactions
The company was under the control of Mr R Gor throughout the current and previous year. Mr R Gor is the managing director and majority shareholder.