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REGISTERED NUMBER: 02494759 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

THE ANCHOR HOTEL (GWBERT) LIMITED

THE ANCHOR HOTEL (GWBERT) LIMITED (REGISTERED NUMBER: 02494759)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE ANCHOR HOTEL (GWBERT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: L W Jones





SECRETARY:





REGISTERED OFFICE: The Gwbert Hotel
Gwbert On Sea
Cardigan
Ceredigion
SA43 1PP





REGISTERED NUMBER: 02494759 (England and Wales)





ACCOUNTANTS: Great Nash Accountancy Services
31 Church View
Summerhill
Stepaside
Pembrokeshire
SA67 8LZ

THE ANCHOR HOTEL (GWBERT) LIMITED (REGISTERED NUMBER: 02494759)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,000,179 996,382

CURRENT ASSETS
Stocks 14,952 10,779
Debtors 5 1,489,889 1,177,983
Cash at bank and in hand 15,327 109,557
1,520,168 1,298,319
CREDITORS
Amounts falling due within one year 6 469,541 395,250
NET CURRENT ASSETS 1,050,627 903,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,050,806

1,899,451

CREDITORS
Amounts falling due after more than one
year

7

(314,429

)

(351,981

)

PROVISIONS FOR LIABILITIES (25,366 ) (20,886 )

ACCRUALS AND DEFERRED INCOME (27,742 ) (30,417 )
NET ASSETS 1,683,269 1,496,167

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Capital redemption reserve 68,998 68,998
Retained earnings 1,514,271 1,327,169
SHAREHOLDERS' FUNDS 1,683,269 1,496,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 ANCHOR HOTEL (GWBERT) LIMITED (REGISTERED NUMBER: 02494759)

BALANCE SHEET - continued
30 JUNE 2024


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 22 January 2025 and were signed by:





L W Jones - Director


THE ANCHOR HOTEL (GWBERT) LIMITED (REGISTERED NUMBER: 02494759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

The Anchor Hotel (Gwbert) 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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance and 2% on cost

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 33 (2023 - 25 ) .

THE ANCHOR HOTEL (GWBERT) LIMITED (REGISTERED NUMBER: 02494759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 735,247 1,189,406 1,924,653
Additions - 56,232 56,232
At 30 June 2024 735,247 1,245,638 1,980,885
DEPRECIATION
At 1 July 2023 105,044 823,227 928,271
Charge for year 14,705 37,730 52,435
At 30 June 2024 119,749 860,957 980,706
NET BOOK VALUE
At 30 June 2024 615,498 384,681 1,000,179
At 30 June 2023 630,203 366,179 996,382

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors (1,821 ) (1,646 )
Other debtors 1,491,710 1,179,629
1,489,889 1,177,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 159,719 50,208
Hire purchase contracts 5,779 -
Trade creditors 40,800 66,804
Taxation and social security 163,003 145,425
Other creditors 100,240 132,813
469,541 395,250

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 299,470 351,981
Hire purchase contracts 14,959 -
314,429 351,981

THE ANCHOR HOTEL (GWBERT) LIMITED (REGISTERED NUMBER: 02494759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 89,710 151,149

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank overdraft 17,281 -
Bank loans 441,908 402,189
Hire purchase contracts 20,738 -
479,927 402,189

HSBC Bank Plc hold a fixed charge over The Anchor Hotel dated 1 November 2019 in addition to a fixed and floating charge over the company's assets dated 23 October 2019.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
L W Jones
Balance outstanding at start of year 6,516 14,533
Amounts repaid (6,432 ) (8,017 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 84 6,516

10. RELATED PARTY DISCLOSURES

Total owed to the company as at the Balance Sheet date by companies with common control was £1,488,348 (2023 £1,177,313). There were invoices to the value of £24,389 charged to the company for maintenance work done in the year by related parties (2023 £7,599) and laundry services charged of £31,865 (2023 £23,910).

11. ULTIMATE CONTROLLING PARTY

The Director, Mr L W Jones, holds the controlling interest in the company by virtue of his 50% shareholding in the issued share capital, with casting vote.