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REGISTERED NUMBER: 08878546 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Tavistock Hospitality Limited

Tavistock Hospitality Limited (Registered number: 08878546)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tavistock Hospitality Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Ms N J Foster-Hird





REGISTERED OFFICE: Temple Chambers Durham Estates
Temple Chanbers
Douro Terrace
Sunderland
SR2 7DX





REGISTERED NUMBER: 08878546 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Tavistock Hospitality Limited (Registered number: 08878546)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 - 3,430,215

CURRENT ASSETS
Stocks - 37,042
Debtors 6 42,347 91,137
Cash at bank and in hand 22,454 108,042
64,801 236,221
CREDITORS
Amounts falling due within one year 7 (75,975 ) (1,496,491 )
NET CURRENT LIABILITIES (11,174 ) (1,260,270 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,174

)

2,169,945

CREDITORS
Amounts falling due after more than one
year

8

-

(560,892

)

PROVISIONS FOR LIABILITIES - (152,886 )
NET (LIABILITIES)/ASSETS (11,174 ) 1,456,167

CAPITAL AND RESERVES
Called up share capital 430,002 430,002
Fair value reserve - 388,209
Profit and loss account (441,176 ) 637,956
(11,174 ) 1,456,167

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





Ms N J Foster-Hird - Director


Tavistock Hospitality Limited (Registered number: 08878546)

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

1. STATUTORY INFORMATION

Tavistock Hospitality 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 presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain assets measured at fair value.

Last year the accounting period was shortened by one month to an eleven month period. The reason for this was for commercial reasons. The comparatives cover an eleven month period and are therefore not comparable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for bar, restaurant and accommodation sales rendered, stated net of discounts and of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company and when specific criteria have been met for each of the company's activities described below.

Accommodation:
Turnover for accommodation sales are recognised in accordance with the booking terms and conditions where the company obtains the right to recognise the consideration.

Bar and restaurant sales:
Turnover from the sale of bar and restaurant goods are recognised when the significant risks and rewards of ownership of the products has transferred to the buyer. This will be at the point of sale at the till.

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 property - 2% on cost
Fixtures and fittings - 33% on reducing balance and 25% on reducing balance

Tangible fixed assets are measured at cost or deemed cost less accumulated depreciation and any accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
The company only enters into basic financial instrument 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 and investments on non-puttable ordinary shares.

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 profit or loss.

Tavistock Hospitality Limited (Registered number: 08878546)

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

3. ACCOUNTING POLICIES - continued

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments
Assets acquired under hire purchase contracts are capitalised and depreciated in the same manner as tangible fixed assets. The related obligations, net of future finance charges are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

Employee benefits
Short term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 95 (2023 - 95 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 4,545,000 709,315 5,254,315
Additions 17,708 - 17,708
Disposals (4,562,708 ) (709,315 ) (5,272,023 )
At 30 April 2024 - - -
DEPRECIATION
At 1 May 2023 1,345,133 478,967 1,824,100
Charge for year 32,525 11,725 44,250
Eliminated on disposal (1,377,658 ) (490,692 ) (1,868,350 )
At 30 April 2024 - - -
NET BOOK VALUE
At 30 April 2024 - - -
At 30 April 2023 3,199,867 230,348 3,430,215

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,993 67,382
Other debtors 17,354 23,755
42,347 91,137

Tavistock Hospitality Limited (Registered number: 08878546)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 144,000
Trade creditors 5,728 167,577
Taxation and social security 45,431 188,467
Other creditors 24,816 996,447
75,975 1,496,491

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 541,904
Other creditors - 18,988
- 560,892

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 685,904

Bank loans are secured with a fixed and floating charge over the property of the company.

Amounts owed on hire purchase contracts are secured against the assets to which it relates. The net book value of fixed assets held under hire purchase contracts at 30 April 2024 was £6,345 (2023 - £8,459).