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REGISTERED NUMBER: 08482947 (England and Wales)















Edwards Hotels Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Edwards Hotels Limited (Registered number: 08482947)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Edwards Hotels Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M C Edwards
S M Edwards
K L Edwards
J R Thomas
D M Edwards





REGISTERED OFFICE: Edwards Hotels Ltd
The Courtyard
Edwards Business Park
Llantrisant
Pontyclun
CF72 8QZ





REGISTERED NUMBER: 08482947 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Edwards Hotels Limited (Registered number: 08482947)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,622,862 1,643,389

CURRENT ASSETS
Stocks 16,992 15,874
Debtors 5 27,648 185,838
Cash at bank and in hand 93,486 302,364
138,126 504,076
CREDITORS
Amounts falling due within one year 6 350,494 256,791
NET CURRENT (LIABILITIES)/ASSETS (212,368 ) 247,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,410,494

1,890,674

CREDITORS
Amounts falling due after more than one year 7 - (573,731 )

PROVISIONS FOR LIABILITIES 9 (222,684 ) (166,577 )
NET ASSETS 1,187,810 1,150,366

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non distributable profit and loss reserve 305,488 387,572
Retained earnings 882,222 762,694
SHAREHOLDERS' FUNDS 1,187,810 1,150,366

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 18 September 2024 and were signed on its behalf by:





M C Edwards - Director


Edwards Hotels Limited (Registered number: 08482947)

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

1. STATUTORY INFORMATION

Edwards Hotels 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured recognised when goods and services are delivered and legal title has passed.

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 - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 34 (2023 - 37 ) .

Edwards Hotels Limited (Registered number: 08482947)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 1,772,969 95,855 193,932 3,945 2,066,701
Additions 20,219 16,872 - - 37,091
At 31 March 2024 1,793,188 112,727 193,932 3,945 2,103,792
DEPRECIATION
At 1 April 2023 239,583 76,741 103,990 2,998 423,312
Charge for year 27,658 7,280 22,489 191 57,618
At 31 March 2024 267,241 84,021 126,479 3,189 480,930
NET BOOK VALUE
At 31 March 2024 1,525,947 28,706 67,453 756 1,622,862
At 31 March 2023 1,533,386 19,114 89,942 947 1,643,389

Included in cost or valuation of land and buildings is freehold land of £ 400,000 (2023 - £ 400,000 ) which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2014 461,464 - - - 461,464
Valuation in 2023 1,331,724 112,727 193,932 3,945 1,642,328
1,793,188 112,727 193,932 3,945 2,103,792

If the freehold property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,331,724 1,311,505
Aggregate depreciation 174,961 156,531

Value of land in freehold land and buildings 400,000 400,000

The freehold property was valued on an open market basis on 31 March 2024 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 27,648 185,838

Edwards Hotels Limited (Registered number: 08482947)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 65,050
Other loans 80,000 -
Trade creditors 56,349 30,813
Tax 66,894 16,126
VAT 32,618 29,004
Other creditors 12,597 606
Directors' current accounts 73,901 9,901
Accruals and deferred income 28,135 105,291
350,494 256,791

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years - 65,050
Bank loans - 2-5 years - 195,150
Bank loans more 5 yr by instal - 313,531
- 573,731

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 313,531

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans - 638,781

Santander UK PLC hold both fixed and floating charges over the company's freehold property.

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 158,988 140,916
Other timing differences 63,696 25,661
222,684 166,577

Deferred
tax
£   
Balance at 1 April 2023 166,577
Provided during year 38,035
Charge to Income Statement during year 18,072
Balance at 31 March 2024 222,684

Edwards Hotels Limited (Registered number: 08482947)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
100 100

11. RELATED PARTY DISCLOSURES

During the year, the reporting entity received a loan from a company under common control. The balance outstanding as at the balance sheet date is £80,000 (2023: £nil). Interest is being charged at 2.25% above base rate.