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REGISTERED NUMBER: 13166828 (England and Wales)
















Financial Statements

for the Year Ended 31 December 2023

for

K.holm Inn Ltd

K.holm Inn Ltd (Registered number: 13166828)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


K.holm Inn Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: N T Dangerfield





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
United Kingdom
GL10 3UT





REGISTERED NUMBER: 13166828 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

K.holm Inn Ltd

Report of the Accountants to the Director of
K.holm Inn Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


20 September 2024

K.holm Inn Ltd (Registered number: 13166828)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 323,004 324,652

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 7,896 1,525
Cash at bank and in hand 52,205 42,108
61,101 44,633
CREDITORS
Amounts falling due within one year 6 526,488 521,447
NET CURRENT LIABILITIES (465,387 ) (476,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(142,383

)

(152,162

)

PROVISIONS FOR LIABILITIES 1,015 1,197
NET LIABILITIES (143,398 ) (153,359 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (143,498 ) (153,459 )
SHAREHOLDERS' FUNDS (143,398 ) (153,359 )

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.

K.holm Inn Ltd (Registered number: 13166828)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





N T Dangerfield - Director


K.holm Inn Ltd (Registered number: 13166828)

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


1. STATUTORY INFORMATION

K.holm Inn Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


K.holm Inn Ltd (Registered number: 13166828)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Computer
property property machinery equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 314,114 9,000 7,208 1,573 331,895
Additions - 1,575 - - 1,575
Disposals - - (449 ) - (449 )
At 31 December 2023 314,114 10,575 6,759 1,573 333,021
DEPRECIATION
At 1 January 2023 - 3,808 2,769 666 7,243
Charge for year - 1,692 1,045 227 2,964
Eliminated on disposal - - (190 ) - (190 )
At 31 December 2023 - 5,500 3,624 893 10,017
NET BOOK VALUE
At 31 December 2023 314,114 5,075 3,135 680 323,004
At 31 December 2022 314,114 5,192 4,439 907 324,652

K.holm Inn Ltd (Registered number: 13166828)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,592 -
Other debtors 55 -
Prepayments 1,249 1,525
7,896 1,525

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,347 9,476
Social security and other taxes 2,232 1,836
VAT 2,060 1,770
Other creditors 506,220 505,984
Accrued expenses 5,629 2,381
526,488 521,447

7. GOING CONCERN

The company was insolvent at the year-end. However, the parent company has not indicated that they will stop supporting the company in the next 12 months. As such, the going concern basis of preparing the accounts is still appropriate.