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Company Registration No. 08347577 (England and Wales)
Norfolk Mead Hotel Limited Unaudited accounts for the year ended 31 January 2024
Norfolk Mead Hotel Limited Unaudited accounts Contents
Page
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Norfolk Mead Hotel Limited Company Information for the year ended 31 January 2024
Directors
J P Holliday A Duttson
Company Number
08347577 (England and Wales)
Registered Office
Norfolk Mead Hotel Church Loke Coltishall Norwich NR12 7DN
Accountants
Xeinadin 8th Floor, Becket House 36 Old Jewry London EC2R 8DD
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Norfolk Mead Hotel Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
110,000 
110,000 
Tangible assets
1,069,595 
218,691 
1,179,595 
328,691 
Current assets
Debtors
276,236 
1,015,657 
Cash at bank and in hand
16,972 
348,302 
293,208 
1,363,959 
Creditors: amounts falling due within one year
(98,715)
(182,648)
Net current assets
194,493 
1,181,311 
Net assets
1,374,088 
1,510,002 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,373,988 
1,509,902 
Shareholders' funds
1,374,088 
1,510,002 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by
J P Holliday Director Company Registration No. 08347577
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Norfolk Mead Hotel Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Norfolk Mead Hotel Limited is a private company, limited by shares, registered in England and Wales, registration number 08347577. The registered office is Norfolk Mead Hotel Church Loke, Coltishall, Norwich, NR12 7DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the useful life
Fixtures & fittings
20% on reducing value
Computer equipment
20% on reducing value
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Norfolk Mead Hotel Limited Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
110,000 
At 31 January 2024
110,000 
Amortisation
At 1 February 2023
- 
At 31 January 2024
- 
Net book value
At 31 January 2024
110,000 
At 31 January 2023
110,000 
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
79,824 
2,243 
192,844 
865 
275,776 
Additions
191,816 
- 
880,186 
- 
1,072,002 
At 31 January 2024
271,640 
2,243 
1,073,030 
865 
1,347,778 
Depreciation
At 1 February 2023
10,618 
449 
45,685 
333 
57,085 
Charge for the year
15,164 
359 
205,469 
106 
221,098 
At 31 January 2024
25,782 
808 
251,154 
439 
278,183 
Net book value
At 31 January 2024
245,858 
1,435 
821,876 
426 
1,069,595 
At 31 January 2023
69,206 
1,794 
147,159 
532 
218,691 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
47,193 
- 
Trade debtors
2,887 
4,564 
Amounts due from group undertakings etc.
213,570 
1,011,093 
Accrued income and prepayments
12,586 
- 
276,236 
1,015,657 
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Norfolk Mead Hotel Limited Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
51,282 
Trade creditors
54,591 
36,014 
Taxes and social security
15,763 
64,840 
Other creditors
18,496 
21,119 
Loans from directors
8,365 
7,893 
Accruals
1,500 
1,500 
98,715 
182,648 
8
Controlling party
The company is controlled by NMH Properties Ltd, a company registered in England and Wales.
9
Average number of employees
During the year the average number of employees was 41 (2023: 39).
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