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REGISTERED NUMBER: 12262852 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MCLAREN HOSPITALITY LIMITED

MCLAREN HOSPITALITY LIMITED (REGISTERED NUMBER: 12262852)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCLAREN HOSPITALITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: A G Mclaren
M K Mclaren





REGISTERED OFFICE: 78 Church Street
Weybridge
Surrey
KT13 8DL





REGISTERED NUMBER: 12262852 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

MCLAREN HOSPITALITY LIMITED (REGISTERED NUMBER: 12262852)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,610 27,841

CURRENT ASSETS
Debtors 5 20,396 34,553
Cash at bank 1,267 1,949
21,663 36,502
CREDITORS
Amounts falling due within one year 6 44,269 43,344
NET CURRENT LIABILITIES (22,606 ) (6,842 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,996

)

20,999

CREDITORS
Amounts falling due after more than one year 7 20,753 30,746
NET LIABILITIES (27,749 ) (9,747 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (27,750 ) (9,748 )
SHAREHOLDERS' FUNDS (27,749 ) (9,747 )

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

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

MCLAREN HOSPITALITY LIMITED (REGISTERED NUMBER: 12262852)

BALANCE SHEET - continued
31 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 29 October 2024 and were signed on its behalf by:





A G Mclaren - Director


MCLAREN HOSPITALITY LIMITED (REGISTERED NUMBER: 12262852)

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


1. STATUTORY INFORMATION

McLaren Hospitality 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:
Fixtures and fittings - 25% on cost
Computer equipment - 25% reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

MCLAREN HOSPITALITY LIMITED (REGISTERED NUMBER: 12262852)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 49,153
DEPRECIATION
At 1 November 2022 21,312
Charge for year 12,231
At 31 October 2023 33,543
NET BOOK VALUE
At 31 October 2023 15,610
At 31 October 2022 27,841

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 2,727 10,085
Other debtors 17,669 24,468
20,396 34,553

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 9,994 9,747
Trade creditors 1 -
Taxation and social security - 2,911
Other creditors 34,274 30,686
44,269 43,344

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 20,753 30,746

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1.00 1 1

MCLAREN HOSPITALITY LIMITED (REGISTERED NUMBER: 12262852)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Director
Balance outstanding at start of year (4,727 ) 1,622
Amounts advanced 6,522 1,821
Amounts repaid (1,980 ) (8,170 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (185 ) (4,727 )

Director
Balance outstanding at start of year (760 ) -
Amounts advanced 320 -
Amounts repaid - (760 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (440 ) (760 )

10. GOING CONCERN

The company has net liabilities of £27,749 (2022 - £9,747) at the balance sheet date.

The accounts have been prepared on a going concern basis, the validity of which is dependent on the continuing support of the directors and lenders of finance.