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REGISTERED NUMBER: 05579355 (England and Wales)















Audited Financial Statements for the Year Ended 31 March 2024

for

Foremost Hotels (Hull) Limited

Foremost Hotels (Hull) Limited (Registered number: 05579355)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Foremost Hotels (Hull) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr U Dessoky
Mr J O'Callaghan



REGISTERED OFFICE: 43 Crawford Street
London
W1H 1JR



REGISTERED NUMBER: 05579355 (England and Wales)



AUDITORS: Nielsens
Chartered Accountants
& Statutory Auditors
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW



BANKERS: Bank of Scotland plc
600 Gorgie Road
Edinburgh
EH11 PPZ

Foremost Hotels (Hull) Limited (Registered number: 05579355)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,332,297 6,466,484

CURRENT ASSETS
Stocks 10,591 12,113
Debtors 5 107,376 60,132
Cash at bank and in hand 661,169 766,264
779,136 838,509
CREDITORS
Amounts falling due within one year 967,545 709,817
NET CURRENT (LIABILITIES)/ASSETS (188,409 ) 128,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,143,888

6,595,176

CREDITORS
Amounts falling due after more than one
year

5,470,192

4,169,275
NET ASSETS 673,696 2,425,901

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 673,596 2,425,801
SHAREHOLDERS' FUNDS 673,696 2,425,901

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





Mr J O'Callaghan - Director


Foremost Hotels (Hull) Limited (Registered number: 05579355)

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

1. STATUTORY INFORMATION

Foremost Hotels (Hull) 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.

The financial statements have been prepared on a going concern basis on the assumption that the company will receive continued financial support from the ultimate parent company.

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:

Long leasehold - in accordance with the lease period over 125 years
Plant and machinery - 3.3% on reducing basis
Fixtures, fittings & equipment - at rates between 10% on cost and 20% on net book value.

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 Statement of Income and Retained Earnings, 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.

Foremost Hotels (Hull) Limited (Registered number: 05579355)

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 35 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 9,040,678
Additions 20,509
At 31 March 2024 9,061,187
DEPRECIATION
At 1 April 2023 2,574,194
Charge for year 154,696
At 31 March 2024 2,728,890
NET BOOK VALUE
At 31 March 2024 6,332,297
At 31 March 2023 6,466,484

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other debtors 55,000 -

6. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 2,210,240 2,559,323

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Dipakkumar Shah FCA (Senior Statutory Auditor)
for and on behalf of Nielsens

8. ULTIMATE CONTROLLING PARTY

The controlling party is Foremost Leisure (Holdings) Limited.

The ultimate controlling party is The Duam Settlement (registered in the British Virgin Islands).