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Company Registration Number 13049934























OMNI HOTELS DONCASTER LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 30 NOVEMBER 2023























img38f5.png

 
OMNI HOTELS DONCASTER LIMITED
REGISTERED NUMBER: 13049934

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
601,951
851,034

Tangible assets
 5 
1,773,016
1,789,057

  
2,374,967
2,640,091

Current assets
  

Stocks
  
3,231
3,181

Debtors: amounts falling due within one year
 6 
419,372
429,422

Cash at bank and in hand
 7 
259,060
251,623

  
681,663
684,226

Creditors: amounts falling due within one year
 8 
(1,045,537)
(1,135,273)

Net current liabilities
  
 
 
(363,874)
 
 
(451,047)

Total assets less current liabilities
  
2,011,093
2,189,044

  

Net assets
  
2,011,093
2,189,044


Capital and reserves
  

Called up share capital 
  
2,300,000
2,300,000

Profit and loss account
  
(288,907)
(110,956)

  
2,011,093
2,189,044


Page 1

 
OMNI HOTELS DONCASTER LIMITED
REGISTERED NUMBER: 13049934

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

R G H Ladha
Director
Date: 21 November 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
OMNI HOTELS DONCASTER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The entity is a private company limited by shares, incorporated in England. Its registered number is 13049934.
The principal activity of the company is that of a hotel operator.
Omni Hotels Doncaster Limited has its registered office at 11 Beavor Lane, London, England, W6 9AR. The entity's principal place of business is First Point Business Park, Bullrush Grove, Balby, Doncaster DN4 8SJ.
The financial statements are presented in pounds sterling, rounded to the nearest pound, as this is the currency of the primary economic environment in which the company operates. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In preparing these financial statements, the Director has given careful consideration to the current and anticipated future solvency of the Company and it's ability to continue as a going concern for the foreseeable future. 
The Director has considered the the expected activity of the Company in the 12 months from the date of issue of these financial statements, the funds available to the Company, and its expected future cashflows, and determined that the Company can settle its liabilities as they fall due. 
The Director has concluded from this review that the financial statements should be prepared on a going concern basis. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
OMNI HOTELS DONCASTER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of food & drink - turnover from retail sales and the sale of food and beverages is recognised at the point of sale.
Rendering of services - turnover from room sales and other guest services are recognised when rooms are occupied and as services are provided.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

 The estimated useful lives range as follows:

Goodwill
-
5
years

Page 4

 
OMNI HOTELS DONCASTER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
1%
Straight line
Plant and machinery
-
20%
Straight line
Fixtures and fittings
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 5

 
OMNI HOTELS DONCASTER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2022 - 22).


4.


Intangible assets




Goodwill

£



Cost


At 1 December 2022
1,245,416



At 30 November 2023

1,245,416



Amortisation


At 1 December 2022
394,382


Charge for the year on owned assets
249,083



At 30 November 2023

643,465



Net book value



At 30 November 2023
601,951



At 30 November 2022
851,034



Page 6

 
OMNI HOTELS DONCASTER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 December 2022
1,711,499
38,533
110,317
1,860,349


Additions
-
4,260
34,296
38,556



At 30 November 2023

1,711,499
42,793
144,613
1,898,905



Depreciation


At 1 December 2022
27,099
9,260
34,933
71,292


Charge for the year on owned assets
17,115
8,559
28,923
54,597



At 30 November 2023

44,214
17,819
63,856
125,889



Net book value



At 30 November 2023
1,667,285
24,974
80,757
1,773,016



At 30 November 2022
1,684,400
29,273
75,384
1,789,057


6.


Debtors

2023
2022
£
£


Trade debtors
22,722
55,777

Other debtors
375,975
354,690

Prepayments and accrued income
20,675
18,955

419,372
429,422



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
259,060
251,623

259,060
251,623


Page 7

 
OMNI HOTELS DONCASTER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
146,169
227,424

Corporation tax
21,052
60,811

Other taxation and social security
65,602
39,365

Other creditors
612,442
616,061

Accruals and deferred income
200,272
191,612

1,045,537
1,135,273



9.


Related party transactions

Amounts transferred from related parties through common control were £117,583 (2022: £66,940).
Amounts transferred to related parties through common control were £130,715 (2022: £178,760).
At the balance sheet date £593,012 (2022: £606,143) was owed to related parties through common control and £300,650 (2022: £300,650) was owed from related parties through common control.


10.


Controlling party

The Company's parent undertaking at the balance sheet date was Omni Hotels Holdco Limited. Their registered address is 11 Beavor Lane, London, England, W6 9AR.
The ultimate controlling party at the date the accounts were issued was Riaz Ladha.


Page 8