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REGISTERED NUMBER: 09325120 (England and Wales)












SHANGRI LA CHAPEL HILL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






SHANGRI LA CHAPEL HILL LTD (REGISTERED NUMBER: 09325120)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHANGRI LA CHAPEL HILL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs S J Hanger
Miss S T James





SECRETARY:





REGISTERED OFFICE: Chapel Hill Farm House
Chapel Hill
Pembroke
Pembrokeshire
SA71 5HY





REGISTERED NUMBER: 09325120 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB

SHANGRI LA CHAPEL HILL LTD (REGISTERED NUMBER: 09325120)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 240,000 300,000
Tangible assets 5 939,310 588,855
1,179,310 888,855

CURRENT ASSETS
Debtors 6 152,710 202,710
Cash at bank and in hand 1,189,307 1,334,789
1,342,017 1,537,499
CREDITORS
Amounts falling due within one year 7 222,036 176,630
NET CURRENT ASSETS 1,119,981 1,360,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,299,291

2,249,724

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,299,289 2,249,722
SHAREHOLDERS' FUNDS 2,299,291 2,249,724

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.

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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:




Miss S T James - Director



Mrs S J Hanger - Director


SHANGRI LA CHAPEL HILL LTD (REGISTERED NUMBER: 09325120)

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

1. STATUTORY INFORMATION

Shangri La Chapel Hill 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 2015, is being amortised evenly over its estimated useful life of five 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.
Freehold property - 1% on cost
Improvements to property - 1% on cost
Equipment - 20% reducing balance
Caravans - 20% reducing balance
Motor vehicles - 25% reducing balance

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.

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 31 (2022 - 28 ) .

SHANGRI LA CHAPEL HILL LTD (REGISTERED NUMBER: 09325120)

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 300,000
AMORTISATION
Amortisation for year 60,000
At 31 December 2023 60,000
NET BOOK VALUE
At 31 December 2023 240,000
At 31 December 2022 300,000

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Equipment
£    £    £   
COST
At 1 January 2023 519,948 - 30,171
Additions 318,232 29,472 2,207
Disposals - - -
At 31 December 2023 838,180 29,472 32,378
DEPRECIATION
At 1 January 2023 - - 17,779
Charge for year 8,382 294 2,904
Eliminated on disposal - - -
At 31 December 2023 8,382 294 20,683
NET BOOK VALUE
At 31 December 2023 829,798 29,178 11,695
At 31 December 2022 519,948 - 12,392

Motor
Caravans vehicles Totals
£    £    £   
COST
At 1 January 2023 82,922 40,955 673,996
Additions 15,896 16,500 382,307
Disposals - (7,570 ) (7,570 )
At 31 December 2023 98,818 49,885 1,048,733
DEPRECIATION
At 1 January 2023 38,828 28,534 85,141
Charge for year 11,997 6,878 30,455
Eliminated on disposal - (6,173 ) (6,173 )
At 31 December 2023 50,825 29,239 109,423
NET BOOK VALUE
At 31 December 2023 47,993 20,646 939,310
At 31 December 2022 44,094 12,421 588,855

SHANGRI LA CHAPEL HILL LTD (REGISTERED NUMBER: 09325120)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 152,710 202,710

Included in other debtors is an overdrawn directors loan account of £152,710 (2022 £202,710). No interest is charged and there is no fixed term repayment of the loan.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 199,127 154,468
Other creditors 22,909 22,162
222,036 176,630

8. ULTIMATE CONTROLLING PARTY

During the period under review the company was controlled by Mrs S James and Mrs S J Hanger, by virtue of their 100% holding of the issued share capital.