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REGISTERED NUMBER: 08098125 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

Hackness Grange Hotel Limited

Hackness Grange Hotel Limited (Registered number: 08098125)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hackness Grange Hotel Limited

Company Information
for the Period 1 January 2023 to 31 March 2024







DIRECTOR: Mr S Guy





SECRETARY: Mr S Guy





REGISTERED OFFICE: Fairway House
Portland Road
East Grinstead
West Sussex
RH19 4ET





REGISTERED NUMBER: 08098125 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Hackness Grange Hotel Limited (Registered number: 08098125)

Balance Sheet
31 March 2024

31.3.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,137,773 1,149,102

CURRENT ASSETS
Stocks 12,477 9,199
Debtors 5 130 10,258
Cash at bank 95,180 5,493
107,787 24,950
CREDITORS
Amounts falling due within one year 6 792,502 1,262,879
NET CURRENT LIABILITIES (684,715 ) (1,237,929 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

453,058

(88,827

)

CREDITORS
Amounts falling due after more than one
year

7

(1,016,298

)

(274,845

)

PROVISIONS FOR LIABILITIES - (3,966 )
NET LIABILITIES (563,240 ) (367,638 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (563,241 ) (367,639 )
(563,240 ) (367,638 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

Hackness Grange Hotel Limited (Registered number: 08098125)

Balance Sheet - continued
31 March 2024


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 1 August 2024 and were signed by:





S A Gilchrist - Director


Hackness Grange Hotel Limited (Registered number: 08098125)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Hackness Grange Hotel Limited 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 - no depreciation on long life assets
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

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 period 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 period 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.

Hackness Grange Hotel Limited (Registered number: 08098125)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 28 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2023 1,172,122 270,749 3,360 1,446,231
Additions 2,139 7,842 - 9,981
At 31 March 2024 1,174,261 278,591 3,360 1,456,212
DEPRECIATION
At 1 January 2023 94,405 199,364 3,360 297,129
Charge for period - 21,310 - 21,310
At 31 March 2024 94,405 220,674 3,360 318,439
NET BOOK VALUE
At 31 March 2024 1,079,856 57,917 - 1,137,773
At 31 December 2022 1,077,717 71,385 - 1,149,102

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade debtors 130 -
Prepayments - 10,258
130 10,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 68,044 32,070
Social security and other taxes 15,231 32,476
VAT 89,564 64,728
Directors' current accounts 599,206 1,120,532
Accrued expenses 10,457 3,073
792,502 1,262,879

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.12.22
£    £   
Bank loans - 2-5 years 12,439 24,845
Amounts owed to participating interests 1,003,859 250,000
1,016,298 274,845

Hackness Grange Hotel Limited (Registered number: 08098125)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

8. RELATED PARTY DISCLOSURES

LOANS TO ASSOCIATED COMPANIES

During the year the company made various loans to and from various associated companies. These are shown within the Financial Statements as "Amounts owed to and from participating interests"

During the year Management Charges are charged from associated companies on a commercial basis.

9. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is "Gilchrist Holdings Ltd" company number 14268557.