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REGISTERED NUMBER: 08950325 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

JDP Hotels Ltd

JDP Hotels Ltd (Registered number: 08950325)

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


JDP Hotels Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P J Paw
Mrs P D Tanna





SECRETARY: Mr P J Paw





REGISTERED OFFICE: Prima House
15a Wedge Street
Walsall
WS1 2HQ





REGISTERED NUMBER: 08950325 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

JDP Hotels Ltd (Registered number: 08950325)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 2,501
Tangible assets 5 1,567,011 1,571,605
1,567,011 1,574,106

CURRENT ASSETS
Stocks 1,500 10,619
Debtors 6 632,959 641,932
Cash at bank and in hand 583,084 192,188
1,217,543 844,739
CREDITORS
Amounts falling due within one year 7 (191,093 ) (135,018 )
NET CURRENT ASSETS 1,026,450 709,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,593,461

2,283,827

CREDITORS
Amounts falling due after more than
one year

8

(1,405,229

)

(1,405,229

)

PROVISIONS FOR LIABILITIES (12,584 ) (8,979 )
NET ASSETS 1,175,648 869,619

CAPITAL AND RESERVES
Called up share capital 305,002 305,002
Retained earnings 870,646 564,617
1,175,648 869,619

JDP Hotels Ltd (Registered number: 08950325)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





Mr P J Paw - Director


JDP Hotels Ltd (Registered number: 08950325)

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


1. STATUTORY INFORMATION

JDP Hotels Ltd 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.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for hotel accommodation and other related services provided in the normal course of business, and is shown net of value added tax. The fair value of consideration taken into account trade discounts, settlement discounts and volume rebates. Revenue is recognised at the time of hotel stay and restaurant visit by guests.

Goodwill
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold 1% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.


JDP Hotels Ltd (Registered number: 08950325)

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


2. ACCOUNTING POLICIES - continued
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and ta laws) that have been enacted or
substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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.

Audit exemption
The company is entitled to exemption from audit under Section 479A of the Companies Act 2006 relating to subsidiary companies for the year ended 31/03/2024.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 30 ) .

JDP Hotels Ltd (Registered number: 08950325)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 25,002
AMORTISATION
At 1 April 2023 22,501
Charge for year 2,501
At 31 March 2024 25,002
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 2,501

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,578,563 311,557 1,890,120
Additions - 15,781 15,781
At 31 March 2024 1,578,563 327,338 1,905,901
DEPRECIATION
At 1 April 2023 54,214 264,301 318,515
Charge for year 7,673 12,702 20,375
At 31 March 2024 61,887 277,003 338,890
NET BOOK VALUE
At 31 March 2024 1,516,676 50,335 1,567,011
At 31 March 2023 1,524,349 47,256 1,571,605

JDP Hotels Ltd (Registered number: 08950325)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,759 15,051
Amounts owed by group undertakings 620,287 623,930
Other debtors 5,913 2,951
632,959 641,932

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,002 23,667
Amounts owed to group undertakings 239 -
Taxation and social security 160,677 29,144
Other creditors 26,175 82,207
191,093 135,018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 1,405,229 1,405,229

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 1,405,229 1,405,229

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking is JDP Hotels Holdings Limited. JDP Hotels Holdings Limited was incorporated in England.

11. DIVIDENDS ON PREFERENCE SHARES

The preference shareholders have agreed to waive their entitlement to dividends for the current year.