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REGISTERED NUMBER: 04128015 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

The Vine Hotel (Skegness) Limited

The Vine Hotel (Skegness) Limited (Registered number: 04128015)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

The Vine Hotel (Skegness) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs M H Biddall
Mr J W Biddall





SECRETARY: Mrs M H Biddall





REGISTERED OFFICE: The Vine Hotel
Vine Hotel
Skegness
Lincolnshire
PE25 3DB





REGISTERED NUMBER: 04128015 (England and Wales)





ACCOUNTANTS: INSIGHT
Acorn House
Church Lane
Croft
Skegness
Lincolnshire
PE24 4RW

The Vine Hotel (Skegness) Limited (Registered number: 04128015)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 909,697 930,129

CURRENT ASSETS
Stocks 22,250 21,250
Debtors 5 8,051 4,890
Prepayments and accrued income 2,510 8,795
Cash in hand 5,000 5,000
37,811 39,935
CREDITORS
Amounts falling due within one year 6 303,633 226,533
NET CURRENT LIABILITIES (265,822 ) (186,598 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,875

743,531

CREDITORS
Amounts falling due after more than one
year

7

(13,614

)

(22,614

)

PROVISIONS FOR LIABILITIES (49,018 ) (26,838 )
NET ASSETS 581,243 694,079

CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Share premium 9 183,680 183,680
Retained earnings 9 297,563 410,399
SHAREHOLDERS' FUNDS 581,243 694,079

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 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 Vine Hotel (Skegness) Limited (Registered number: 04128015)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:




Mr J W Biddall - Director



Mrs M H Biddall - Director


The Vine Hotel (Skegness) Limited (Registered number: 04128015)

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

1. STATUTORY INFORMATION

The Vine Hotel (Skegness) 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.
Freehold property - in accordance with the property
Improvements to property - 10% on cost
Plant and machinery - 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.

Stocks are valued at the lower of cost and net realisable value, on a FIFO basis, after making 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.

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.

The Vine Hotel (Skegness) Limited (Registered number: 04128015)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 497,619 600,613 726,344
Additions - - 41,115
At 30 April 2024 497,619 600,613 767,459
DEPRECIATION
At 1 May 2023 - 400,613 551,344
Charge for year - 30,031 26,639
At 30 April 2024 - 430,644 577,983
NET BOOK VALUE
At 30 April 2024 497,619 169,969 189,476
At 30 April 2023 497,619 200,000 175,000

Consumable Motor
bank vans Totals
£    £    £   
COST
At 1 May 2023 25,000 44,998 1,894,574
Additions - - 41,115
At 30 April 2024 25,000 44,998 1,935,689
DEPRECIATION
At 1 May 2023 - 12,488 964,445
Charge for year - 4,877 61,547
At 30 April 2024 - 17,365 1,025,992
NET BOOK VALUE
At 30 April 2024 25,000 27,633 909,697
At 30 April 2023 25,000 32,510 930,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 7,906 4,769
Other debtors 145 -
Directors' current accounts - 121
8,051 4,890

The Vine Hotel (Skegness) Limited (Registered number: 04128015)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 33,983 34,407
Hire purchase contracts 22,726 28,004
Trade creditors 95,664 37,610
Tax 27,063 24,088
Social security and other taxes 3,941 11,108
VAT 66,164 41,751
Other creditors 47,270 34,915
Pension 204 8,150
Directors' current accounts 1 -
Accruals and deferred income 6,617 6,500
303,633 226,533

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 9,000 9,000
Bank loans - 2-5 years 4,614 13,614
13,614 22,614

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100,000 Ordinary £1 100,000 100,000

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 May 2023 410,399 183,680 594,079
Deficit for the year (4,157 ) (4,157 )
Dividends (108,679 ) (108,679 )
At 30 April 2024 297,563 183,680 481,243

The Vine Hotel (Skegness) Limited (Registered number: 04128015)

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

10. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr J W Biddall and Mrs M H Biddall
Balance outstanding at start of year 120 (1,656 )
Amounts advanced 108,558 170,719
Amounts repaid (108,678 ) (168,943 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 120

11. ULTIMATE CONTROLLING PARTY

The controlling party is JMB Leisure (Skegness) Limited.

Mr J W Biddall and Mrs M H Biddall jointly hold a controlling interest in the shares of the parent company and are also the Directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Vine Hotel (Skegness) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Vine Hotel (Skegness) Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Vine Hotel (Skegness) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Vine Hotel (Skegness) Limited and state those matters that we have agreed to state to the Board of Directors of The Vine Hotel (Skegness) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Vine Hotel (Skegness) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Vine Hotel (Skegness) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Vine Hotel (Skegness) Limited. You consider that The Vine Hotel (Skegness) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Vine Hotel (Skegness) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






INSIGHT
Acorn House
Church Lane
Croft
Skegness
Lincolnshire
PE24 4RW


28 January 2025