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REGISTERED NUMBER: 05387257















Financial Statements

for the Year Ended 31 March 2024

for

Abingdon Lodge Hotel Limited

Abingdon Lodge Hotel Limited (Registered number: 05387257)






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


Abingdon Lodge Hotel Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D H Dunsdon





SECRETARY: Ms R V O'Rourke





REGISTERED OFFICE: Coldunell House
Dawes Court
High Street
Esher
Surrey
KT10 9QD





REGISTERED NUMBER: 05387257





AUDITORS: Turner & Co
Registered Auditors
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

Abingdon Lodge Hotel Limited (Registered number: 05387257)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,339 46,934
Tangible assets 5 103,713 73,565
148,052 120,499

CURRENT ASSETS
Stocks 14,171 17,235
Debtors 6 1,083,629 1,195,536
Cash at bank 137,878 302,972
1,235,678 1,515,743
CREDITORS
Amounts falling due within one year 7 744,660 1,638,729
NET CURRENT ASSETS/(LIABILITIES) 491,018 (122,986 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

639,070

(2,487

)

PROVISIONS FOR LIABILITIES 9 17,990 16,900
NET ASSETS/(LIABILITIES) 621,080 (19,387 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 620,980 (19,487 )
SHAREHOLDERS' FUNDS 621,080 (19,387 )

Abingdon Lodge Hotel Limited (Registered number: 05387257)

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 director and authorised for issue on 20 November 2024 and were signed by:





D H Dunsdon - Director


Abingdon Lodge Hotel Limited (Registered number: 05387257)

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

1. STATUTORY INFORMATION

Abingdon Lodge Hotel 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
The company has paid £57,100 as a franchise application fee to the Hilton Group. The franchise agreement commenced on the completion of the refurbishment project. The fees have been amortised over the period of the Hilton Garden franchise agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Plant & Machinery between 10 and 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.

Abingdon Lodge Hotel Limited (Registered number: 05387257)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
he company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised

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.

Abingdon Lodge Hotel Limited (Registered number: 05387257)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 43 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 57,100
AMORTISATION
At 1 April 2023 10,166
Charge for year 2,595
At 31 March 2024 12,761
NET BOOK VALUE
At 31 March 2024 44,339
At 31 March 2023 46,934

Abingdon Lodge Hotel Limited (Registered number: 05387257)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 193,842
Additions 68,395
At 31 March 2024 262,237
DEPRECIATION
At 1 April 2023 120,277
Charge for year 38,247
At 31 March 2024 158,524
NET BOOK VALUE
At 31 March 2024 103,713
At 31 March 2023 73,565

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Trade debtors 313,613 107,879
Amounts owed by group undertakings 582,823 895,000
Other debtors 187,193 192,657
1,083,629 1,195,536

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Trade creditors 383,933 397,922
Amounts owed to group undertakings - 755,495
Taxation and social security 100,183 123,386
Other creditors 260,544 361,926
744,660 1,638,729

Abingdon Lodge Hotel Limited (Registered number: 05387257)

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

8. SECURED DEBTS

National Westminster Bank PLC has a first legal mortgage over the company's estates and interest. The charge is security for the ultimate holding company's borrowings with the bank.

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 17,990 16,900

Deferred
tax
£   
Balance at 1 April 2023 16,900
Accelerated capital allowances 1,090
Balance at 31 March 2024 17,990

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

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

The Report of the Auditors was unqualified.

M Turner (Senior Statutory Auditor)
for and on behalf Turner & Co

12. RELATED PARTY DISCLOSURES

The only related party transactions are with the parent company and these are not disclosed separately as permitted by FRS, except as below:

The company occupies its premises which are owned by its parent company, the rent payable for the year amounted to £500,000 per annum (2023: £500,000). The company is responsible for the general maintenance and upkeep of the buildings and for the replacement fixtures and fittings.

Abingdon Lodge Hotel Limited (Registered number: 05387257)

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

13. ULTIMATE CONTROLLING PARTY

The controlling party is Combined Counties Properties Ltd.

The ultimate controlling party is D H Dunsdon.