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Registration number: 00184049

York Hotel Company (Sidmouth) Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

York Hotel Company (Sidmouth) Limited

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3 to 4

Statement of Changes in Equity

5

Notes to the Unaudited Abridged Financial Statements

6 to 8

 

York Hotel Company (Sidmouth) Limited

Company Information

Directors

Mr Peter Hook

Mr Paul Adrian Hook

Miss Sara Louise Hook

Company secretary

Miss Sara Louise Hook

Registered office

Royal York Hotel
Esplanade
Sidmouth
Devon
EX10 8AB

Accountants

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
York Hotel Company (Sidmouth) Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of York Hotel Company (Sidmouth) Limited for the year ended 31 March 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of York Hotel Company (Sidmouth) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of York Hotel Company (Sidmouth) Limited and state those matters that we have agreed to state to the Board of Directors of York Hotel Company (Sidmouth) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than York Hotel Company (Sidmouth) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that York Hotel Company (Sidmouth) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of York Hotel Company (Sidmouth) Limited. You consider that York Hotel Company (Sidmouth) Limited 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 accounts of York Hotel Company (Sidmouth) Limited. 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 accounts.

......................................

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

19 September 2024

 

York Hotel Company (Sidmouth) Limited

(Registration number: 00184049)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Partnership Capital Account - Class C

912,949

802,535

Partnership Capital Account - Class A & B

3,098,651

3,179,927

Current assets

 

Cash at bank and in hand

 

500

500

Prepayments and accrued income

 

115

115

Creditors: Amounts falling due within one year

(28,536)

(9,473)

Net current liabilities

 

(27,921)

(8,858)

Total assets less current liabilities

 

3,983,679

3,973,604

Provisions for liabilities

(54,076)

(73,582)

Net assets

 

3,929,603

3,900,022

Capital and reserves

 

Called up share capital

5

8,170

8,170

Capital redemption reserve

600

600

Revaluation reserve

2,142,806

2,189,784

Other reserves

6,449

6,449

Retained earnings

1,771,578

1,695,019

Shareholders' funds

 

3,929,603

3,900,022

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 19 September 2024 and signed on its behalf by:
 

 

York Hotel Company (Sidmouth) Limited

(Registration number: 00184049)
Abridged Balance Sheet as at 31 March 2024

.........................................
Miss Sara Louise Hook
Company secretary and director

   
     
 

York Hotel Company (Sidmouth) Limited

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Capital redemption reserve
£

Foreign currency translation reserve
£

Revaluation reserve
£

Other reserves
£

Retained earnings
£

Total
£

At 1 April 2023

8,170

600

6,400

2,189,784

49

1,695,019

3,900,022

Profit for the year

-

-

-

-

-

79,559

79,559

Other comprehensive income

-

-

-

(46,978)

-

-

(46,978)

Total comprehensive income

-

-

-

(46,978)

-

79,559

32,581

Dividends

-

-

-

-

-

(3,000)

(3,000)

At 31 March 2024

8,170

600

6,400

2,142,806

49

1,771,578

3,929,603

Share capital
£

Capital redemption reserve
£

Foreign currency translation reserve
£

Revaluation reserve
£

Other reserves
£

Retained earnings
£

Total
£

At 1 April 2022

8,170

600

6,400

2,833,541

49

1,822,226

4,670,986

Loss for the year

-

-

-

-

-

(33,198)

(33,198)

Other comprehensive income

-

-

-

(643,757)

-

-

(643,757)

Total comprehensive income

-

-

-

(643,757)

-

(33,198)

(676,955)

Dividends

-

-

-

-

-

(94,009)

(94,009)

At 31 March 2023

8,170

600

6,400

2,189,784

49

1,695,019

3,900,022

 

York Hotel Company (Sidmouth) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Royal York Hotel
Esplanade
Sidmouth
Devon
EX10 8AB

These financial statements were authorised for issue by the Board on 19 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

York Hotel Company (Sidmouth) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 4).

4

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

 

York Hotel Company (Sidmouth) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

8,170

8,170

8,170

8,170

       

6

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

(46,978)

(46,978)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(643,757)

(643,757)