Company registration number 05089601 (England and Wales)
THE OLD BELL HOTEL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
THE OLD BELL HOTEL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
THE OLD BELL HOTEL LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
1,692
1,680
Cash at bank and in hand
2,488
5,158
4,180
6,838
Creditors: amounts falling due within one year
4
(11,297)
(11,566)
Net current liabilities
(7,117)
(4,728)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(7,217)
(4,828)
Total equity
(7,117)
(4,728)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 28 October 2024 and are signed on its behalf by:
Mr A J Harvey
Director
Company Registration No. 05089601
THE OLD BELL HOTEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

The Old Bell Hotel Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19 Common Road, Hanham, Bristol, United Kingdom, BS15 3LL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
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 are 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

THE OLD BELL HOTEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
THE OLD BELL HOTEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
1,692
1,680

Amounts due from group undertakings are unsecured, interest free and repayable on demand.

4
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
1,178
1,447
Other creditors
10,119
10,119
11,297
11,566

There is a Cross Guarantee and Debenture between Harvey Shopfitters Limited and The Old Bell Hotel Limited dated 26 April 2004. There is also a Cross Guarantee and Debenture between Dearborn Estates Limited, Harvey Shopfitters Limited, Hyde House Limited, Millbridge Court Limited and The Old Bell Hotel Limited dated 29 January 2020.

5
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Emphasis of matter

Basis of preparation

In forming our opinion, we have considered the adequacy of the disclosures made in Note 1 of the financial statements concerning the alternative basis of preparation. In view of the significance of this we consider that it should be brought to your attention but our opinion is not qualified in this respect.

Senior Statutory Auditor:
Rebecca Hudson
Statutory Auditor:
Azets Audit Services
7
Financial commitments, guarantees and contingent liabilities

The company has provided guarantees and security on its freehold land and buildings to its bankers in respect of facilities provided to related companies. The contingent liability as at 30 November 2023 is £Nil (2022: £Nil).

THE OLD BELL HOTEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
8
Parent company

The parent company is Dearborn Estates Limited, by virtue of their 100% ownership of The Old Bell Hotel Limited's share capital.

 

The ultimate parent company is Harvey Commercial Holdings Limited, who own 76% of the share capital of Dearborn Estates Limited.

 

The ultimate controlling party is A Harvey, by virtue of his majority shareholding of the ultimate parent company.

2023-11-302022-12-01false30 October 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityThis audit opinion is unqualifiedMr A J HarveyMr M A I HarveyH E Brittonfalsefalse050896012022-12-012023-11-30050896012023-11-30050896012022-11-3005089601core:CurrentFinancialInstrumentscore:WithinOneYear2023-11-3005089601core:CurrentFinancialInstrumentscore:WithinOneYear2022-11-3005089601core:CurrentFinancialInstruments2023-11-3005089601core:CurrentFinancialInstruments2022-11-3005089601core:ShareCapital2023-11-3005089601core:ShareCapital2022-11-3005089601core:RetainedEarningsAccumulatedLosses2023-11-3005089601core:RetainedEarningsAccumulatedLosses2022-11-3005089601bus:Director12022-12-012023-11-30050896012021-12-012022-11-3005089601bus:PrivateLimitedCompanyLtd2022-12-012023-11-3005089601bus:SmallCompaniesRegimeForAccounts2022-12-012023-11-3005089601bus:FRS1022022-12-012023-11-3005089601bus:Audited2022-12-012023-11-3005089601bus:Director22022-12-012023-11-3005089601bus:CompanySecretary12022-12-012023-11-3005089601bus:FullAccounts2022-12-012023-11-30xbrli:purexbrli:sharesiso4217:GBP