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REGISTERED NUMBER: 05012013






Unaudited Financial Statements

for the Year Ended 31st January 2024

for

BUCKINGHAM HOTELS GROUP LIMITED

BUCKINGHAM HOTELS GROUP LIMITED (REGISTERED NUMBER: 05012013)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUCKINGHAM HOTELS GROUP LIMITED

Company Information
for the Year Ended 31st January 2024







Director: S Dad





Secretary: Mrs F Dad





Registered office: 156 West Wycombe Road
High Wycombe
Buckinghamshire
HP12 3AE





Registered number: 05012013





Accountants: S G Beale and Co
Chartered Accountants
1 Kille House
Chinnor Road
Thame
Oxfordshire
OX9 3NU

BUCKINGHAM HOTELS GROUP LIMITED (REGISTERED NUMBER: 05012013)

Balance Sheet
31st January 2024

2023 2024
£    £    Notes £    £   
FIXED ASSETS
8,153,828 Tangible assets 4 8,195,988
100 Investments 5 200
8,153,928 8,196,188

CURRENT ASSETS
5,200 Stocks 6 5,400
6,025,685 Debtors 7 10,443,340
1,437,254 Cash at bank 2,809,438
7,468,139 13,258,178
CREDITORS
3,509,297 Amounts falling due within one year 8 4,907,032
3,958,842 NET CURRENT ASSETS 8,351,146

12,112,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,547,334

CREDITORS

(2,460,864

)
Amounts falling due after more than one
year

9

(2,335,442

)

(806,377 ) PROVISIONS FOR LIABILITIES 11 (816,917 )
8,845,529 NET ASSETS 13,394,975

CAPITAL AND RESERVES
1,100 Called up share capital 1,200
3,266,216 Revaluation reserve 12 3,266,216
5,578,213 Retained earnings 12 10,127,559
8,845,529 SHAREHOLDERS' FUNDS 13,394,975

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BUCKINGHAM HOTELS GROUP LIMITED (REGISTERED NUMBER: 05012013)

Balance Sheet - continued
31st January 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 director and authorised for issue on 30th October 2024 and were signed by:





S Dad - Director


BUCKINGHAM HOTELS GROUP LIMITED (REGISTERED NUMBER: 05012013)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Buckingham Hotels Group Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Fixtures and fittings - 20% on written down values

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

BUCKINGHAM HOTELS GROUP LIMITED (REGISTERED NUMBER: 05012013)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
Totals property fittings
£    £    £   
Cost
At 1st February 2023 8,401,580 8,083,349 318,231
Additions 63,340 - 63,340
At 31st January 2024 8,464,920 8,083,349 381,571
Depreciation
At 1st February 2023 247,752 - 247,752
Charge for year 21,180 - 21,180
At 31st January 2024 268,932 - 268,932
Net book value
At 31st January 2024 8,195,988 8,083,349 112,639
At 31st January 2023 8,153,828 8,083,349 70,479

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1st February 2023 100
Additions 100
At 31st January 2024 200
Net book value
At 31st January 2024 200
At 31st January 2023 100

6. STOCKS
2024 2023
£    £   
Stocks 5,400 5,200

BUCKINGHAM HOTELS GROUP LIMITED (REGISTERED NUMBER: 05012013)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,772 1,393
Amounts owed by group undertakings - 483,239
Amounts owed by associates 9,010,819 4,508,435
Other debtors 1,430,749 1,032,618
10,443,340 6,025,685

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,580 -
Amounts owed to group undertakings 276,284 -
Amounts owed to associates 1,519,062 1,861,342
Taxation and social security 2,007,749 671,270
Other creditors 1,099,357 976,685
4,907,032 3,509,297

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,040,000 2,040,000
Other creditors 295,442 420,864
2,335,442 2,460,864

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,040,000 2,040,000
Other loans more 5yrs instal - 9,164
2,040,000 2,049,164

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,040,000 2,040,000

The Bank have a mortgage which is secured by a specific charge over the freehold property of the company

BUCKINGHAM HOTELS GROUP LIMITED (REGISTERED NUMBER: 05012013)

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

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 118,701 108,161
Capital gains tax provision re
property revaluation 698,216 698,216
816,917 806,377

Deferred
tax
£   
Balance at 1st February 2023 806,377
Provided during year 10,540
Revaluation reserve
Balance at 31st January 2024 816,917

12. RESERVES
Retained Revaluation
Totals earnings reserve
£    £    £   

At 1st February 2023 8,844,429 5,578,213 3,266,216
Profit for the year 4,551,346 4,551,346 -
Dividends (2,000 ) (2,000 ) -
At 31st January 2024 13,393,775 10,127,559 3,266,216

13. RELATED PARTY DISCLOSURES

The company has the following associates by virtue of common shareholdings:-

Buckingham Hotel Limited
Buckingham Laundry Limited
Dad Homes Limited
Hillview Road Developments Limited
Jennys Fashions Limited
Sheraton Dwellings Limited
Streamdown Properties Ltd
Wendover Hotel Limited
Zahrah Homes Limited

Buckingham Hotel Limited, Jennys Fashions Limited, Buckingham Laundry Limited and Sheraton Dwellings Limited own certain freehold property used by Buckingham Hotels Group Limited. A rent is paid for the use of these properties at a commercial market rent.

There was no other trading between the companies but amounts were paid for or by the associated companies and Buckingham Hotels Group Limited and the respective loan accounts between the companies are reflected in debtors or creditors due within one year as appropriate.

14. ULTIMATE CONTROLLING PARTY

The controlling party is S Dad.