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REGISTERED NUMBER: 09364965






Unaudited Financial Statements

for the Year Ended 31st December 2023

for

BUCKINGHAM HOTEL LTD

BUCKINGHAM HOTEL LTD (REGISTERED NUMBER: 09364965)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUCKINGHAM HOTEL LTD

Company Information
for the Year Ended 31st December 2023







Director: S Dad





Registered office: 156 West Wycombe Road
High Wycombe
Buckinghamshire
HP12 3AE





Registered number: 09364965





Accountants: S G Beale and Co
Chartered Accountants
1 Kille House
Chinnor Road
Thame
Oxfordshire
OX9 3NU

BUCKINGHAM HOTEL LTD (REGISTERED NUMBER: 09364965)

Balance Sheet
31st December 2023

2022 2023
£    £    Notes £    £   
FIXED ASSETS
5,763,560 Investment property 4 5,763,560

CURRENT ASSETS
10 Cash at bank 10

CREDITORS
1,313,653 Amounts falling due within one year 5 1,289,313
(1,313,643 ) NET CURRENT LIABILITIES (1,289,303 )

4,449,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,474,257

CREDITORS

(3,231,051

)
Amounts falling due after more than one
year

6

(3,231,051

)

(197,425 ) PROVISIONS FOR LIABILITIES 7 (310,414 )
1,021,441 NET ASSETS 932,792

CAPITAL AND RESERVES
1 Called up share capital 1
928,578 Revaluation reserve 8 815,589
92,862 Retained earnings 117,202
1,021,441 SHAREHOLDERS' FUNDS 932,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

BUCKINGHAM HOTEL LTD (REGISTERED NUMBER: 09364965)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd September 2024 and were signed by:





S Dad - Director


BUCKINGHAM HOTEL LTD (REGISTERED NUMBER: 09364965)

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

1. STATUTORY INFORMATION

Buckingham Hotel Ltd is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the rents receivable from the letting of the investment properties.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st January 2023
and 31st December 2023 5,763,560
Net book value
At 31st December 2023 5,763,560
At 31st December 2022 5,763,560

BUCKINGHAM HOTEL LTD (REGISTERED NUMBER: 09364965)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2023 5,763,560

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to associates 1,279,827 1,304,353
Corporation tax 7,486 8,300
Accruals and deferred income 2,000 1,000
1,289,313 1,313,653

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans more 5yrs non-inst 3,231,051 3,231,051

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 3,231,051 3,231,051

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Other timing differences 310,414 197,425

Deferred
tax
£   
Balance at 1st January 2023 197,425
Provided during year 112,989
Balance at 31st December 2023 310,414

The deferred taxation provision relates to the tax which would be payable if the property
portfolio was sold at it's revalued figure.

BUCKINGHAM HOTEL LTD (REGISTERED NUMBER: 09364965)

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

8. RESERVES
Revaluation
reserve
£   
At 1st January 2023 928,578
Net surplus on revaluation
of investment property (112,989 )

At 31st December 2023 815,589