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REGISTERED NUMBER: 13672419 (England and Wales)















PADD. MAN. COMPANY LTD
TRADING AS
THE GEORGE HOTEL

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023






PADD. MAN. COMPANY LTD (REGISTERED NUMBER: 13672419)
TRADING AS THE GEORGE HOTEL






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PADD. MAN. COMPANY LTD
TRADING AS THE GEORGE HOTEL

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: R F Lovejoy
P J Garrod





REGISTERED OFFICE: 10 Town Quay Wharf
Abbey Road
Barking
IG11 7BZ





REGISTERED NUMBER: 13672419 (England and Wales)





ACCOUNTANTS: Garrod Beckett & Co. Ltd.
Chartered Accountants
10 Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

PADD. MAN. COMPANY LTD (REGISTERED NUMBER: 13672419)
TRADING AS THE GEORGE HOTEL

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,013 26,280

CURRENT ASSETS
Debtors 5 41,396 18,717
Cash at bank and in hand 837,000 348,023
878,396 366,740
CREDITORS
Amounts falling due within one year 6 306,297 244,705
NET CURRENT ASSETS 572,099 122,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

598,112

148,315

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 598,110 148,313
598,112 148,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 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.

PADD. MAN. COMPANY LTD (REGISTERED NUMBER: 13672419)
TRADING AS THE GEORGE HOTEL

BALANCE SHEET - continued
31ST OCTOBER 2023


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 25th October 2024 and were signed on its behalf by:





P J Garrod - Director


PADD. MAN. COMPANY LTD (REGISTERED NUMBER: 13672419)
TRADING AS THE GEORGE HOTEL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Padd. Man. Company Ltd 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.
Land and buildings - Over the period of the lease
Plant and machinery etc - 25% straight line

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 10 ) .

PADD. MAN. COMPANY LTD (REGISTERED NUMBER: 13672419)
TRADING AS THE GEORGE HOTEL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2022 25,190 4,812 30,002
Additions - 4,606 4,606
At 31st October 2023 25,190 9,418 34,608
DEPRECIATION
At 1st November 2022 2,519 1,203 3,722
Charge for year 2,519 2,354 4,873
At 31st October 2023 5,038 3,557 8,595
NET BOOK VALUE
At 31st October 2023 20,152 5,861 26,013
At 31st October 2022 22,671 3,609 26,280

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,880 4,292
Other debtors 33,516 14,425
41,396 18,717

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31,153 38,886
Taxation and social security 217,556 114,843
Other creditors 57,588 90,976
306,297 244,705