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REGISTERED NUMBER: 03105723 (England and Wales)




















Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 30 April 2024

for

The Rookery Hotel Limited

The Rookery Hotel Limited (Registered number: 03105723)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Notes to the Financial Statements 13


The Rookery Hotel Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs C M A Conaty
Mr M E C Hearne





SECRETARY: Mrs C M A Conaty





REGISTERED OFFICE: 12 Peter's Lane
Cowcross Street
London
EC1M 6DS





REGISTERED NUMBER: 03105723 (England and Wales)





AUDITORS: Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

The Rookery Hotel Limited (Registered number: 03105723)

Strategic Report
for the Year Ended 30 April 2024

The directors present their strategic report for the year ended 30 April 2024.

Review of the business

The Rookery is a boutique hotel in central London. The hotel is well positioned in the City and falls into the luxury sector, competing with both branded and non-branded hotels in the four and five-star market.

The Rookery's the primary source of revenue is generated through bedroom sales with ancillary sales of food & beverage and event room hire.

Results and performance

The directors are satisfied with results for the year. The results are in line with the board's projections.

Business environment

The London hotel market is highly competitive, with many new openings in the pipeline. Occupancy remains high, and the average room rate has seen double-digit growth. The Rookery is very well established and benefits from a loyal following in all markets both home and abroad. The company is also very fortunate to have a strong foothold in the domestic leisure market.

Strategy:

The Rookery's success is centred around maximising room sales whilst managing operating costs and costs of sale.The London hotel market remains fiercely competitive with an overcapacity of supply. The Rookery has a robust sales and marketing plan in place, with a view to securing its fair market share, underpinned by a huge emphasis on guest satisfaction - the goal being to secure repeat business.

Key performance indicators ('KPIs')

We continuously monitored all KPIs, and the board are satisfied that all management is complying with strategy and meeting the business objectives.

2024 2023
£    £   
Turnover 2,872,377 2,677,803
Profit/(loss) before taxation 641,548 502,553
Shareholders'' fund total 3,011,852 2,544,492


Principal risks and uncertainties

Given the size of the Company, the directors have not delegated the responsibility of monitoring financial risk to a board sub-committee. The finance department implements the policies set out by the directors.

General economic Risk

The Rookery is exposed to general economic risk, including changes in the economic outlook in the hospitality sector and is also exposed to the risk of future government changes in industrial, fiscal, monetary or regulatory policies. The Rookery has an effective revenue strategy charging its customers rates that vary depending on levels of demand. This reduces, though does not eliminate, the financial impact arising from such adverse conditions.


Price Risk

The Rookery is exposed to price risk due to inflationary increases in the purchase price of goods and services in the UK.


The Rookery Hotel Limited (Registered number: 03105723)

Strategic Report
for the Year Ended 30 April 2024

Credit Risk

The Rookery has implemented policies that require appropriate credit checks where necessary on potential corporate customers before sales are made.

Liquidity Risk

The group holds long-term debt finance that is designed to ensure the group has sufficient funds for operations. Management maintains cash flow and covenant compliance forecasts to ensure the company can meet its liabilities as they fall due.

Interest rate Risk

The Rookery has both interest bearing assets and interest bearing liabilities. Interest bearing assets include cash balances which earn interest at variable rates. The directors will revisit the appropriateness of this policy should the group's operations change in size or nature.

Going Concern

Management has a robust sales and marketing strategy that is frequently reviewed and amended based on demand and current trends.

The directors are confident that The Board will continue to monitor developments and adjust assumptions as required. They are also satisfied with the sales strategy and that the current cash reserve levels will enable The Rookery to meet its financial obligations.

For further information, please see note 1 in the Accounting policies section of the financial statements

Future developments

The Rookery has no immediate plans for further expansion. The management are entirely focused on maintaining current performance and product standards whilst managing the operational costs across the business.

ON BEHALF OF THE BOARD:





Mrs C M A Conaty - Secretary


17 January 2025

The Rookery Hotel Limited (Registered number: 03105723)

Report of the Directors
for the Year Ended 30 April 2024

The directors present their report with the financial statements of the company for the year ended 30 April 2024.

DIVIDENDS
No dividends will be distributed for the year ended 30 April 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

Mrs C M A Conaty
Mr M E C Hearne

Other changes in directors holding office are as follows:

Mr D E Blain ceased to be a director after 30 April 2024 but prior to the date of this report.

FINANCIAL INSTRUMENTS
Principal risks and uncertainties

Given the size of the company, the directors have not delegated the responsibility of monitoring financial risk management to a sub-committee of the board. The policies set by the directors are implemented by the finance department.

Price Risk
The company is exposed to price risk due to normal inflationary increases in the purchase price of goods and services in the UK.

Credit Risk
The company has implemented policies that require appropriate credit checks where necessary on potential corporate customers before sales are made.

Liquidity Risk
The company holds long-term debt finance that is designed to ensure the company has sufficient funds for operations and refurbishment works.

Interest rate Risk
The company has both interest bearing assets and interest bearing liabilities. Interest bearing assets include cash balances which earn interest at variable rates. The directors will revisit the appropriateness of this policy should the company's operations change in size or nature.

Future Developments
The London hotel industry continues to be buoyant and the aim is to maintain the hotels high standards to ensure that it appeals to customers.


The Rookery Hotel Limited (Registered number: 03105723)

Report of the Directors
for the Year Ended 30 April 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Clifford Roberts - Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



Mrs C M A Conaty - Secretary


17 January 2025

Report of the Independent Auditors to the Members of
The Rookery Hotel Limited

Opinion
We have audited the financial statements of The Rookery Hotel Limited (the 'company') for the year ended 30 April 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 April 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
The Rookery Hotel Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
The Rookery Hotel Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We obtained an understanding of the legal and regulatory framework applicable to the company and the sector in which they operate. We determined that the following laws and regulations were most significant: the Companies Act 2006, UK Generally Accepted Accounting Practice, UK corporate taxation laws.

- We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and by observing the oversight of management, the culture of honesty and ethical behaviour and whether strong emphasis is placed on fraud prevention, which may reduce the opportunities for fraud to take place, and fraud deterrence, which could persuade individuals not to commit fraud in the first instance.

We corroborated our inquiries through our review of all relevant available audit information.
> identifying and assessing the design and effectiveness of controls management has in place to prevent and detect fraud;

> understanding of how senior management considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

> challenging assumptions and judgements made by management in its significant accounting estimates;

> performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; and,

> assessing the extent of compliance with relevant laws and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
The Rookery Hotel Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Andrew Greenhalgh BFP FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

17 January 2025

The Rookery Hotel Limited (Registered number: 03105723)

Statement of Comprehensive Income
for the Year Ended 30 April 2024

2024 2023
Notes £ £

TURNOVER 3 2,872,377 2,677,803

Cost of sales 493,233 509,571
GROSS PROFIT 2,379,144 2,168,232

Administrative expenses 1,524,272 1,433,386
OPERATING PROFIT 5 854,872 734,846


Interest payable and similar expenses 6 213,324 232,293
PROFIT BEFORE TAXATION 641,548 502,553

Tax on profit 7 174,188 101,933
PROFIT FOR THE FINANCIAL YEAR 467,360 400,620

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

467,360

400,620

The Rookery Hotel Limited (Registered number: 03105723)

Balance Sheet
30 April 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 8 11,426,490 11,437,335

CURRENT ASSETS
Stocks 9 10,086 10,409
Debtors 10 164,229 98,016
Cash at bank and in hand 295,602 511,540
469,917 619,965
CREDITORS
Amounts falling due within one year 11 442,694 325,413
NET CURRENT ASSETS 27,223 294,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,453,713

11,731,887

CREDITORS
Amounts falling due after more than one
year

12

(8,417,478

)

(9,164,548

)

PROVISIONS FOR LIABILITIES 13 (24,383 ) (22,847 )
NET ASSETS 3,011,852 2,544,492

CAPITAL AND RESERVES
Called up share capital 14 100 100
Retained earnings 15 3,011,752 2,544,392
SHAREHOLDERS' FUNDS 3,011,852 2,544,492

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





Mrs C M A Conaty - Director


The Rookery Hotel Limited (Registered number: 03105723)

Statement of Changes in Equity
for the Year Ended 30 April 2024

Called up
share Retained Total
capital earnings equity
£ £ £
Balance at 1 May 2022 100 2,143,772 2,143,872

Changes in equity
Total comprehensive income - 400,620 400,620
Balance at 30 April 2023 100 2,544,392 2,544,492

Changes in equity
Total comprehensive income - 467,360 467,360
Balance at 30 April 2024 100 3,011,752 3,011,852

The Rookery Hotel Limited (Registered number: 03105723)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

The Rookery 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.

The nature of the company's operations and its principal activity are set out in the Strategic report on page 2.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include deferred taxation and the estimated useful economic life and residual value of the freehold property.

Revenue
Turnover, which excludes value added tax, represents the invoiced value of goods and services where the right to consideration has been obtained and is derived from ordinary activities.

Tangible fixed assets
Direct costs associated with planning and construction of the hotel were capitalised. Financing and indirect costs were written off as incurred.

Provision is made for depreciation on all tangible assets, other than freehold land, at rates calculated to write off the cost or valuation, of each asset over its expected useful life, as follows:

Furniture, Fixtures and Fittings 20% per annum on cost
Plant and Machinery20% per annum on cost
Office Equipment 20-25% per annum on cost
Hotel building and
improvements

250 years straight line on cost less residual value

The building was constructed in the 18th century, the company has an obligation to maintain the building to a high standard in order to comply with English Heritage legislation and also to meet the high expectations of the clientèle. On this basis the directors believe that the period of consumption is at least 250 years and there is no underlying reason to suggest that the property or its function will become obsolete due to either economic or technological advances in the future.
The directors have therefore considered that it would be prudent to depreciate the property over a period of no less than 250 years. The depreciation has therefore been calculated on cost at the date of acquisition less the residual value over 250 years.

The property is systematically tested for impairment at the end of each reporting period.

The Rookery Hotel Limited (Registered number: 03105723)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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

Taxation

Current tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The ability of the company to continue as a going concern is dependant on continued support from Hazlitt's Soho Limited, a group company. The directors have received assurances that such support will continue for the foreseeable future and therefore consider the going concern assumption to be reasonable.

Based on forecasts and projections, together with available market information and the directors' knowledge and experience of the industry. The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the company continues to adopt the going concern basis in preparing the annual financial statements.

Debtors and creditors
Short term debtors are measured at transaction price, less any impairment.

Short term trade 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 rate method.

The Rookery Hotel Limited (Registered number: 03105723)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest rate method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

3. TURNOVER

The turnover is attributable to the principal activity of the company. All turnover arose within the United Kingdom.

The Rookery Hotel Limited (Registered number: 03105723)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. EMPLOYEES AND DIRECTORS

20242023
£   £   

Wages and Salaries814,155691,219
Social security costs71,33264,721
Pension costs13,45711,232
898,944767,172

The average monthly number of employees during the year was as follows:


20242023
£   £   

Hotel 2927
Administration22
3129

The company operates a defined contribution benefit scheme for all qualifying employees.

2024 2023
£ £
Directors' remuneration - -

5. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£ £
Depreciation - owned assets 49,931 31,163
Auditors' remuneration 15,629 15,500

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£ £
Bank loan interest - 9,862
Group loan interest 213,324 222,431
213,324 232,293

The Rookery Hotel Limited (Registered number: 03105723)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£ £
Current tax:
UK corporation tax 172,652 79,086

Deferred tax 1,536 22,847
Tax on profit 174,188 101,933

UK corporation tax has been charged at 25% (2023 - 19.51%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£ £
Profit before tax 641,548 502,553
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 19.510%)

160,387

98,048

Effects of:
Depreciation in excess of capital allowances 13,801 3,885

Total tax charge 174,188 101,933

8. TANGIBLE FIXED ASSETS
Plant, Furniture,
machinery fixtures
Freehold and and
property equipment fittings Totals
£ £ £ £
COST
At 1 May 2023 12,490,318 401,304 332,693 13,224,315
Additions 39,086 - - 39,086
At 30 April 2024 12,529,404 401,304 332,693 13,263,401
DEPRECIATION
At 1 May 2023 1,149,203 360,396 277,381 1,786,980
Charge for year 30,023 8,464 11,444 49,931
At 30 April 2024 1,179,226 368,860 288,825 1,836,911
NET BOOK VALUE
At 30 April 2024 11,350,178 32,444 43,868 11,426,490
At 30 April 2023 11,341,115 40,908 55,312 11,437,335

The Rookery Hotel Limited (Registered number: 03105723)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. TANGIBLE FIXED ASSETS - continued

Included in cost of land and buildings is freehold land of £ 4,852,629 (2023 - £ 4,852,629 ) which is not depreciated.

The tangible assets of the company are pledged as security for the group bank loans.

9. STOCKS
2024 2023
£ £
Stocks 10,086 10,409

10. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade 47,076 59,171
Other 4,422 -
Prepayments 72,780 38,845
124,278 98,016

Amounts falling due after more than one year:
Amounts owed by group undertakings 39,951 -

Aggregate amounts 164,229 98,016

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade 38,212 46,972
Corporation tax 172,652 79,086
Social security and other taxes 16,067 16,452
VAT 100,497 81,912
Other 92,258 71,059
Accrued expenses 23,008 29,932
442,694 325,413

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Amounts owed to group undertakings 8,417,478 9,164,548

13. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 24,383 22,847

The Rookery Hotel Limited (Registered number: 03105723)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

13. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 May 2023 22,847
Provided during year 1,536
Accelerated capital allowances
Balance at 30 April 2024 24,383

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100

15. RESERVES
Retained
earnings
£

At 1 May 2023 2,544,392
Profit for the year 467,360
At 30 April 2024 3,011,752

16. ULTIMATE PARENT COMPANY

The company is under the control of Hazlitt's Hotels Limited by virtue of its 100% shareholding. Hazlitt's Hotels Limited is a company registered in England and Wales and its registered office is 12 Peter's Lane Cowcross Street, London EC1M 6DS.

17. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption in the Financial Reporting Standard 102 "Related Part Disclosures" for a wholly owned subsidiary company not to disclose transactions with other members of the wholly owned group headed by Hazlitt's Hotels Limited as the consolidated financial statements of Hazlitt's Hotels Limited are publicly available.

18. BANKING COMMITMENTS

The company is party to a cross composite bank guarantee with other subsidiaries of Hazlitt's Hotels Limited. The assets of the company are therefore subject to a charge to secure the group borrowings.