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REGISTERED NUMBER: 04896508 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 JULY 2024

FOR

BURLEIGH HOUSE HOTEL LIMITED

BURLEIGH HOUSE HOTEL LIMITED (REGISTERED NUMBER: 04896508)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 November 2023 to 31 July 2024










Page

Statement of financial position 1 to 2

Notes to the financial statements 3 to 7


BURLEIGH HOUSE HOTEL LIMITED (REGISTERED NUMBER: 04896508)

STATEMENT OF FINANCIAL POSITION
31 July 2024

31.7.24 31.10.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 - 11,503
- 11,503

CURRENT ASSETS
Inventories - 405
Debtors 6 3,747 39,973
Cash at bank 6,784 22,406
10,531 62,784
CREDITORS
Amounts falling due within one year 7 (8,093 ) (13,288 )
NET CURRENT ASSETS 2,438 49,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,438

60,999

CREDITORS
Amounts falling due after more than one
year

8

-

(8,569

)

PROVISIONS FOR LIABILITIES - (2,186 )
NET ASSETS 2,438 50,244

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,238 50,044
2,438 50,244

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

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

BURLEIGH HOUSE HOTEL LIMITED (REGISTERED NUMBER: 04896508)

STATEMENT OF FINANCIAL POSITION - continued
31 July 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 Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





R Chauhan-Jennings - Director


BURLEIGH HOUSE HOTEL LIMITED (REGISTERED NUMBER: 04896508)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 November 2023 to 31 July 2024


1. STATUTORY INFORMATION

Burleigh House Hotel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04896508

Registered office: Burleigh House Hotel
7 Cliff Terrace
Hunstanton
Norfolk
PE36 6DY

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.

The financial statements are prepared under the historical cost basis in sterling, which is the functional currency of the entity.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Estimated useful lives and residual values of fixed assets

As described in the notes of the financial statements, depreciation of tangible and intangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

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

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.Revenue from the rendering of services is recognised by reference to the stage of completion at the balance sheet date; the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

BURLEIGH HOUSE HOTEL LIMITED (REGISTERED NUMBER: 04896508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 November 2023 to 31 July 2024


2. ACCOUNTING POLICIES - continued

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

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 statement of financial position date.


BURLEIGH HOUSE HOTEL LIMITED (REGISTERED NUMBER: 04896508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 November 2023 to 31 July 2024


2. ACCOUNTING POLICIES - continued
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 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.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 4 ) .

BURLEIGH HOUSE HOTEL LIMITED (REGISTERED NUMBER: 04896508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 November 2023 to 31 July 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 November 2023
and 31 July 2024 160,000
Amortisation
At 1 November 2023
and 31 July 2024 160,000
Net book value
At 31 July 2024 -
At 31 October 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and
property fittings Totals
£    £    £   
Cost
At 1 November 2023 54,014 53,612 107,626
Disposals (54,014 ) (53,612 ) (107,626 )
At 31 July 2024 - - -
Depreciation
At 1 November 2023 45,396 50,727 96,123
Charge for period 1,184 289 1,473
Eliminated on disposal (46,580 ) (51,016 ) (97,596 )
At 31 July 2024 - - -
Net book value
At 31 July 2024 - - -
At 31 October 2023 8,618 2,885 11,503

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.10.23
£    £   
Other debtors 3,747 39,973

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.10.23
£    £   
Bank loans and overdrafts - 5,161
Trade creditors 2,185 60
Taxation and social security - 3,733
Other creditors 5,908 4,334
8,093 13,288

BURLEIGH HOUSE HOTEL LIMITED (REGISTERED NUMBER: 04896508)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 November 2023 to 31 July 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.10.23
£    £   
Bank loans - 8,569

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 July 2024 and the year ended 31 October 2023:

31.7.24 31.10.23
£    £   
R Chauhan-Jennings and S T Chauhan-Jennings
Balance outstanding at start of period 38,397 32,766
Amounts advanced 30,598 54,400
Amounts repaid (74,905 ) (48,769 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (5,910 ) 38,397

10. RELATED PARTY DISCLOSURES

Except for as detailed in note 9 all transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.