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REGISTERED NUMBER: 04911629 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Caley Hall Hotel Limited

Caley Hall Hotel Limited (Registered number: 04911629)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Caley Hall Hotel Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M A Craven
Mrs J A Craven
A M Craven
Ms J E Jamieson





REGISTERED OFFICE: Caley Hall
Old Hunstanton Road
Old Hunstanton
Norfolk
PE36 6HH





REGISTERED NUMBER: 04911629 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Caley Hall Hotel Limited (Registered number: 04911629)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,410,585 2,487,255

CURRENT ASSETS
Stocks 5 12,719 14,503
Debtors 6 15,426 18,219
Cash at bank and in hand 177,655 192,980
205,800 225,702
CREDITORS
Amounts falling due within one year 7 263,278 301,245
NET CURRENT LIABILITIES (57,478 ) (75,543 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,353,107

2,411,712

CREDITORS
Amounts falling due after more than one
year

8

(811,409

)

(891,741

)

PROVISIONS FOR LIABILITIES (82,260 ) (120,910 )
NET ASSETS 1,459,438 1,399,061

CAPITAL AND RESERVES
Called up share capital 9 500 500
Retained earnings 1,458,938 1,398,561
SHAREHOLDERS' FUNDS 1,459,438 1,399,061

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 26 September 2024 and were signed on its behalf by:





Ms J E Jamieson - Director


Caley Hall Hotel Limited (Registered number: 04911629)

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

1. STATUTORY INFORMATION

Caley Hall 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 - 5% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% 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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Caley Hall Hotel Limited (Registered number: 04911629)

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

2. ACCOUNTING POLICIES - continued

Going concern
The accounts have been prepared under the going concern basis. This may not be appropriate because at 31 March 2024 the company's current liabilities exceeded their current assets by £57,478 (2023: £75,543). The directors have confirmed they will continue to support the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 39 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and
Buildings property machinery
£    £    £   
COST
At 1 April 2023 1,977,632 653,791 162,437
Additions - 2,584 1,192
Disposals - - -
At 31 March 2024 1,977,632 656,375 163,629
DEPRECIATION
At 1 April 2023 - 360,332 152,055
Charge for year - 30,745 4,169
Eliminated on disposal - - -
At 31 March 2024 - 391,077 156,224
NET BOOK VALUE
At 31 March 2024 1,977,632 265,298 7,405
At 31 March 2023 1,977,632 293,459 10,382

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 681,932 32,254 75,651 3,583,697
Additions 21,263 - 3,042 28,081
Disposals (11,729 ) - - (11,729 )
At 31 March 2024 691,466 32,254 78,693 3,600,049
DEPRECIATION
At 1 April 2023 488,759 22,049 73,247 1,096,442
Charge for year 55,764 2,552 2,330 95,560
Eliminated on disposal (2,538 ) - - (2,538 )
At 31 March 2024 541,985 24,601 75,577 1,189,464
NET BOOK VALUE
At 31 March 2024 149,481 7,653 3,116 2,410,585
At 31 March 2023 193,173 10,205 2,404 2,487,255

5. STOCKS
2024 2023
£    £   
Stocks 12,719 14,503

Caley Hall Hotel Limited (Registered number: 04911629)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 1,164 -
Tax - 5,183
Prepayments and accrued income 14,262 13,036
15,426 18,219

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 81,885 74,600
Trade creditors 51,264 95,651
Tax 28,643 -
Social security and other taxes 12,519 9,030
VAT 26,067 18,030
Other creditors 35,438 70,997
Directors' loan accounts 9,000 8,000
Accruals and deferred income 18,462 24,937
263,278 301,245

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 323,589 403,921
Other creditors 487,820 487,820
811,409 891,741

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary £1 500 500