2023-04-012024-03-312024-03-31false01394850HADLEY HOTELS LIMITED2024-11-1855100iso4217:GBPxbrli:pure013948502023-04-01013948502024-03-31013948502023-04-012024-03-31013948502022-04-01013948502023-03-31013948502022-04-012023-03-3101394850bus:SmallEntities2023-04-012024-03-3101394850bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3101394850bus:FullAccounts2023-04-012024-03-3101394850bus:PrivateLimitedCompanyLtd2023-04-012024-03-3101394850core:WithinOneYear2024-03-3101394850core:AfterOneYear2024-03-3101394850core:WithinOneYear2023-03-3101394850core:AfterOneYear2023-03-3101394850core:ShareCapital2024-03-3101394850core:SharePremium2024-03-3101394850core:RevaluationReserve2024-03-3101394850core:OtherReservesSubtotal2024-03-3101394850core:RetainedEarningsAccumulatedLosses2024-03-3101394850core:ShareCapital2023-03-3101394850core:SharePremium2023-03-3101394850core:RevaluationReserve2023-03-3101394850core:OtherReservesSubtotal2023-03-3101394850core:RetainedEarningsAccumulatedLosses2023-03-3101394850core:LandBuildings2024-03-3101394850core:PlantMachinery2024-03-3101394850core:Vehicles2024-03-3101394850core:FurnitureFittings2024-03-3101394850core:OfficeEquipment2024-03-3101394850core:NetGoodwill2024-03-3101394850core:IntangibleAssetsOtherThanGoodwill2024-03-3101394850core:ListedExchangeTraded2024-03-3101394850core:UnlistedNon-exchangeTraded2024-03-3101394850core:LandBuildings2023-03-3101394850core:PlantMachinery2023-03-3101394850core:Vehicles2023-03-3101394850core:FurnitureFittings2023-03-3101394850core:OfficeEquipment2023-03-3101394850core:NetGoodwill2023-03-3101394850core:IntangibleAssetsOtherThanGoodwill2023-03-3101394850core:ListedExchangeTraded2023-03-3101394850core:UnlistedNon-exchangeTraded2023-03-3101394850core:LandBuildings2023-04-012024-03-3101394850core:PlantMachinery2023-04-012024-03-3101394850core:Vehicles2023-04-012024-03-3101394850core:FurnitureFittings2023-04-012024-03-3101394850core:OfficeEquipment2023-04-012024-03-3101394850core:NetGoodwill2023-04-012024-03-3101394850core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3101394850core:ListedExchangeTraded2023-04-012024-03-3101394850core:UnlistedNon-exchangeTraded2023-04-012024-03-3101394850core:MoreThanFiveYears2023-04-012024-03-3101394850core:Non-currentFinancialInstruments2024-03-3101394850core:Non-currentFinancialInstruments2023-03-3101394850dpl:CostSales2023-04-012024-03-3101394850dpl:DistributionCosts2023-04-012024-03-3101394850core:LandBuildings2023-04-012024-03-3101394850core:PlantMachinery2023-04-012024-03-3101394850core:Vehicles2023-04-012024-03-3101394850core:FurnitureFittings2023-04-012024-03-3101394850core:OfficeEquipment2023-04-012024-03-3101394850dpl:AdministrativeExpenses2023-04-012024-03-3101394850core:NetGoodwill2023-04-012024-03-3101394850core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3101394850dpl:GroupUndertakings2023-04-012024-03-3101394850dpl:ParticipatingInterests2023-04-012024-03-3101394850dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3101394850core:ListedExchangeTraded2023-04-012024-03-3101394850dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3101394850core:UnlistedNon-exchangeTraded2023-04-012024-03-3101394850dpl:CostSales2022-04-012023-03-3101394850dpl:DistributionCosts2022-04-012023-03-3101394850core:LandBuildings2022-04-012023-03-3101394850core:PlantMachinery2022-04-012023-03-3101394850core:Vehicles2022-04-012023-03-3101394850core:FurnitureFittings2022-04-012023-03-3101394850core:OfficeEquipment2022-04-012023-03-3101394850dpl:AdministrativeExpenses2022-04-012023-03-3101394850core:NetGoodwill2022-04-012023-03-3101394850core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3101394850dpl:GroupUndertakings2022-04-012023-03-3101394850dpl:ParticipatingInterests2022-04-012023-03-3101394850dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3101394850core:ListedExchangeTraded2022-04-012023-03-3101394850dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3101394850core:UnlistedNon-exchangeTraded2022-04-012023-03-3101394850core:NetGoodwill2024-03-3101394850core:IntangibleAssetsOtherThanGoodwill2024-03-3101394850core:LandBuildings2024-03-3101394850core:PlantMachinery2024-03-3101394850core:Vehicles2024-03-3101394850core:FurnitureFittings2024-03-3101394850core:OfficeEquipment2024-03-3101394850core:AfterOneYear2024-03-3101394850core:WithinOneYear2024-03-3101394850core:ListedExchangeTraded2024-03-3101394850core:UnlistedNon-exchangeTraded2024-03-3101394850core:ShareCapital2024-03-3101394850core:SharePremium2024-03-3101394850core:RevaluationReserve2024-03-3101394850core:OtherReservesSubtotal2024-03-3101394850core:RetainedEarningsAccumulatedLosses2024-03-3101394850core:NetGoodwill2023-03-3101394850core:IntangibleAssetsOtherThanGoodwill2023-03-3101394850core:LandBuildings2023-03-3101394850core:PlantMachinery2023-03-3101394850core:Vehicles2023-03-3101394850core:FurnitureFittings2023-03-3101394850core:OfficeEquipment2023-03-3101394850core:AfterOneYear2023-03-3101394850core:WithinOneYear2023-03-3101394850core:Liste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HADLEY HOTELS LIMITED

Registered Number
01394850
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

HADLEY HOTELS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

HADLEY, Andrew Glen
HADLEY, Lynn Margaret
HADLEY, Mark Geoffrey
HADLEY, Martin Geoffrey

Company Secretary

HADLEY, Martin Geoffrey

Registered Address

Llanerchindda Farm
Cynghordy
Llandovery
SA20 0NB

Registered Number

01394850 (England and Wales)
HADLEY HOTELS LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3760,172725,303
760,172725,303
Current assets
Stocks411,6209,375
Debtors52,565-
Cash at bank and on hand75,687107,775
89,872117,150
Creditors amounts falling due within one year6(51,518)(48,196)
Net current assets (liabilities)38,35468,954
Total assets less current liabilities798,526794,257
Creditors amounts falling due after one year7(581,495)(633,376)
Provisions for liabilities9(30,800)(6,600)
Net assets186,231154,281
Capital and reserves
Called up share capital100100
Profit and loss account186,131154,181
Shareholders' funds186,231154,281
The financial statements were approved and authorised for issue by the Board of Directors on 18 November 2024, and are signed on its behalf by:
HADLEY, Martin Geoffrey
Director
Registered Company No. 01394850
HADLEY HOTELS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Plant and machinery-7
Vehicles25-
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, 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 the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
2.Average number of employees

20242023
Average number of employees during the year1314
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 April 23987,57588,27480,6551,156,504
Additions30450,23843,08593,627
Disposals--(50,995)(50,995)
At 31 March 24987,879138,51272,7451,199,136
Depreciation and impairment
At 01 April 23311,70673,23246,263431,201
Charge for year18,2532,6158,40829,276
On disposals--(21,513)(21,513)
At 31 March 24329,95975,84733,158438,964
Net book value
At 31 March 24657,92062,66539,587760,172
At 31 March 23675,86915,04234,392725,303
4.Stocks

2024

2023

££
Raw materials and consumables11,6209,375
Total11,6209,375
5.Debtors: amounts due within one year

2024

2023

££
Other debtors2,565-
Total2,565-
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,6762,249
Bank borrowings and overdrafts15,90915,045
Taxation and social security17,42021,025
Finance lease and HP contracts6,4956,829
Accrued liabilities and deferred income3,0183,048
Total51,51848,196
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts55,56572,125
Other creditors525,930561,251
Total581,495633,376
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts18,73431,293
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)30,8006,600
Total30,8006,600
10.Description of reasons for any change in chosen formats of the financial statments
These accounts have been prepared under FRS102 1(a), due to 105 critera breached.