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REGISTERED NUMBER: 11385535 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LAYTON HILL HOTELS LTD

LAYTON HILL HOTELS LTD (REGISTERED NUMBER: 11385535)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAYTON HILL HOTELS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Christopher Layton
Rebecca Anne Layton





REGISTERED OFFICE: The Old Deanery
Minster Road
Ripon
North Yorkshire
HG4 1QS





REGISTERED NUMBER: 11385535 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
Lawrence House
James Nicolson Link
Clifton Moor
York
North Yorkshire
YO30 4WG

LAYTON HILL HOTELS LTD (REGISTERED NUMBER: 11385535)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 49,459 59,871
Tangible Fixed Assets 5 126,530 123,236
175,989 183,107

CURRENT ASSETS
Stocks 29,000 12,000
Debtors 6 20,949 26,620
Cash at bank and in hand 95,272 143,417
145,221 182,037
CREDITORS
Amounts falling due within one year 7 397,667 390,460
NET CURRENT LIABILITIES (252,446 ) (208,423 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(76,457

)

(25,316

)

CREDITORS
Amounts falling due after more than
one year

8

14,814

24,963
NET LIABILITIES (91,271 ) (50,279 )

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account (91,371 ) (50,379 )
(91,271 ) (50,279 )

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 directors acknowledge their 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.

LAYTON HILL HOTELS LTD (REGISTERED NUMBER: 11385535)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2024 and were signed on its behalf by:





Rebecca Anne Layton - Director


LAYTON HILL HOTELS LTD (REGISTERED NUMBER: 11385535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Layton Hill Hotels 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment - straight line over 3 years

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 Profit and Loss Account, 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.


LAYTON HILL HOTELS LTD (REGISTERED NUMBER: 11385535)

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

GOVERNMENT GRANTS
Government grants in relation to tangible fixed are credited to profit and loss account over the useful lives of the related asset, whereas those in relation to expenditure are credited when the expenditure is charged to the profit and loss.

INCOME RECOGNITION
Income is recognised when services and goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

FINANCE COST OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 31 ) .

LAYTON HILL HOTELS LTD (REGISTERED NUMBER: 11385535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 104,122
AMORTISATION
At 1 January 2023 44,251
Amortisation for year 10,412
At 31 December 2023 54,663
NET BOOK VALUE
At 31 December 2023 49,459
At 31 December 2022 59,871

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 4,760 126,772 64,990 4,903 201,425
Additions - 38,901 - - 38,901
At 31 December 2023 4,760 165,673 64,990 4,903 240,326
DEPRECIATION
At 1 January 2023 476 60,281 13,540 3,892 78,189
Charge for year 238 21,495 12,863 1,011 35,607
At 31 December 2023 714 81,776 26,403 4,903 113,796
NET BOOK VALUE
At 31 December 2023 4,046 83,897 38,587 - 126,530
At 31 December 2022 4,284 66,491 51,450 1,011 123,236

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 750 750
Prepayments 20,199 25,870
20,949 26,620

LAYTON HILL HOTELS LTD (REGISTERED NUMBER: 11385535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,149 9,894
Other loans 46,767 -
Trade creditors 26,274 39,396
Deposits held 86,996 128,295
Social security and other taxes 17,737 7,161
VAT 80,849 76,877
Other creditors 60,939 37,121
Directors' current accounts 39,783 77,179
Accrued expenses 28,173 14,537
397,667 390,460

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,404 10,149
Bank loans - 2-5 years 4,410 14,814
14,814 24,963

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 89,000 89,000
Between one and five years 249,125 294,125
In more than five years 34,833 78,833
372,958 461,958

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 24,963 34,857

The Bounce Back Loan is secured by a Government backed guarantee.

LAYTON HILL HOTELS LTD (REGISTERED NUMBER: 11385535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. RELATED PARTY DISCLOSURES

Mr C Layton and Mrs R Layton have control over a majority of shares in the company, and together with their involvement with its day-to-day management, are deemed to be the controlling parties for the purposes of Financial Standard No.102.

Creditors falling due within one year includes the following director's loans. Mr C & Mrs R Layton £39,783 (2022:£77,179).