IRIS Accounts Production v24.2.0.383 13377344 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133773442023-05-31133773442024-05-31133773442023-06-012024-05-31133773442022-05-31133773442022-06-012023-05-31133773442023-05-3113377344ns15:EnglandWales2023-06-012024-05-3113377344ns14:PoundSterling2023-06-012024-05-3113377344ns10:Director12023-06-012024-05-3113377344ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3113377344ns10:SmallEntities2023-06-012024-05-3113377344ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3113377344ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3113377344ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3113377344ns10:FullAccounts2023-06-012024-05-3113377344ns10:RegisteredOffice2023-06-012024-05-3113377344ns5:CurrentFinancialInstruments2024-05-3113377344ns5:CurrentFinancialInstruments2023-05-3113377344ns5:Non-currentFinancialInstruments2024-05-3113377344ns5:Non-currentFinancialInstruments2023-05-3113377344ns5:ShareCapital2024-05-3113377344ns5:ShareCapital2023-05-3113377344ns5:RetainedEarningsAccumulatedLosses2024-05-3113377344ns5:RetainedEarningsAccumulatedLosses2023-05-3113377344ns5:PlantMachinery2023-06-012024-05-3113377344ns5:LandBuildings2023-05-3113377344ns5:PlantMachinery2023-05-3113377344ns5:LandBuildings2023-06-012024-05-3113377344ns5:LandBuildings2024-05-3113377344ns5:PlantMachinery2024-05-3113377344ns5:LandBuildings2023-05-3113377344ns5:PlantMachinery2023-05-3113377344ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3113377344ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3113377344ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-05-3113377344ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3113377344ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3113377344ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-31
REGISTERED NUMBER: 13377344 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

BUDE HOTEL LIMITED

BUDE HOTEL LIMITED (REGISTERED NUMBER: 13377344)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUDE HOTEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: T D Brett





REGISTERED OFFICE: Flat 6 Georgian House
Duke Street
Bath
Avon
BA2 4AQ





REGISTERED NUMBER: 13377344 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

BUDE HOTEL LIMITED (REGISTERED NUMBER: 13377344)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,034,746 1,040,794

CURRENT ASSETS
Stocks 6,296 5,826
Cash at bank 51,251 21,597
57,547 27,423
CREDITORS
Amounts falling due within one year 5 505,224 340,734
NET CURRENT LIABILITIES (447,677 ) (313,311 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,069

727,483

CREDITORS
Amounts falling due after more than one
year

6

894,995

910,454
NET LIABILITIES (307,926 ) (182,971 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (308,026 ) (183,071 )
SHAREHOLDERS' FUNDS (307,926 ) (182,971 )

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

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

The director acknowledges his 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 director and authorised for issue on 6 January 2025 and were signed by:





T D Brett - Director


BUDE HOTEL LIMITED (REGISTERED NUMBER: 13377344)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Bude Hotel Limited 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 8 (2023 - 14 ) .

BUDE HOTEL LIMITED (REGISTERED NUMBER: 13377344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 992,300 67,501 1,059,801
Additions - 1,607 1,607
At 31 May 2024 992,300 69,108 1,061,408
DEPRECIATION
At 1 June 2023 - 19,007 19,007
Charge for year - 7,655 7,655
At 31 May 2024 - 26,662 26,662
NET BOOK VALUE
At 31 May 2024 992,300 42,446 1,034,746
At 31 May 2023 992,300 48,494 1,040,794

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 12,214 4,328
Trade creditors 3,292 3,285
Taxation and social security 12,450 13,377
Other creditors 477,268 319,744
505,224 340,734

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 7) 894,995 910,454

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 846,137 877,994

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,214 4,328

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,214 6,492

Amounts falling due between two and five years:
Bank loans - 2-5 years 36,644 25,968

Amounts falling due in more than five years:

BUDE HOTEL LIMITED (REGISTERED NUMBER: 13377344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. LOANS - continued
2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 846,137 877,994

The Lenders hold a first charge on the company's investment properties.
The loan expires 31.08.2046