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REGISTERED NUMBER: 05642950 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Allen Hotels Limited

Allen Hotels Limited (Registered number: 05642950)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Allen Hotels Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr N H Allen
Mrs S B Allen





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 05642950 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Allen Hotels Limited (Registered number: 05642950)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,516,356 1,503,206

CURRENT ASSETS
Stocks - 14,256
Debtors 5 27,745 23,136
Cash at bank and in hand 35,934 236,938
63,679 274,330
CREDITORS
Amounts falling due within one year 6 385,343 714,641
NET CURRENT LIABILITIES (321,664 ) (440,311 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,194,692

1,062,895

CREDITORS
Amounts falling due after more than one
year

7

-

(192,173

)

PROVISIONS FOR LIABILITIES (94,669 ) (77,998 )
NET ASSETS 1,100,023 792,724

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,099,023 791,724
SHAREHOLDERS' FUNDS 1,100,023 792,724

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

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

Allen Hotels Limited (Registered number: 05642950)

Balance Sheet - continued
31 March 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 25 October 2024 and were signed on its behalf by:




Mr N H Allen - Director



Mrs S B Allen - Director


Allen Hotels Limited (Registered number: 05642950)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Allen Hotels 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.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance, 5% on reducing balance and 2% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.

Allen Hotels Limited (Registered number: 05642950)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 40 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,499,083 1,079,073 20,000 43,170 2,641,326
Additions 77,893 3,043 - - 80,936
Reclassification/transfer 124,330 (124,330 ) - - -
At 31 March 2024 1,701,306 957,786 20,000 43,170 2,722,262
DEPRECIATION
At 1 April 2023 429,046 652,871 15,254 40,949 1,138,120
Charge for year 34,029 30,349 1,187 2,221 67,786
Reclassification/transfer 32,418 (32,418 ) - - -
At 31 March 2024 495,493 650,802 16,441 43,170 1,205,906
NET BOOK VALUE
At 31 March 2024 1,205,813 306,984 3,559 - 1,516,356
At 31 March 2023 1,070,037 426,202 4,746 2,221 1,503,206

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 21,167 -
Other debtors 6,578 23,136
27,745 23,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 70,838
Trade creditors 5,686 53,721
Taxation and social security 150,924 92,275
Other creditors 228,733 497,807
385,343 714,641

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 192,173

Allen Hotels Limited (Registered number: 05642950)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans - 263,011

The business bank loan is secured on the freehold premises.

9. RELATED PARTY DISCLOSURES

During the year the company was owed money from Weston Hotel Ltd. The amount outstanding at 31 March 2024 was £2,304.32 (2023: NIL). The loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

Mr N H Allen and Mrs S B Allen are directors of and own one share each, totalling 100% of the issued share capital, of Allen Hotels Limited and are therefore the ultimate controlling parties.