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REGISTERED NUMBER: 10011122 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

RYE COURT HOTEL LIMITED

RYE COURT HOTEL LIMITED (REGISTERED NUMBER: 10011122)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Abridged Statement of Financial Position 1

Notes to the Financial Statements 3


RYE COURT HOTEL LIMITED (REGISTERED NUMBER: 10011122)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 9,000
Tangible assets 5 976,799 812,900
982,799 821,900

CURRENT ASSETS
Debtors 6 676,773 735,000
Cash at bank 11,570 53,572
688,343 788,572
CREDITORS
Amounts falling due within one year 926,287 784,388
NET CURRENT (LIABILITIES)/ASSETS (237,944 ) 4,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,855

826,084

CREDITORS
Amounts falling due after more than one
year

7

-

59,572
NET ASSETS 744,855 766,512

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 624,137 624,137
Retained earnings 120,618 142,275
SHAREHOLDERS' FUNDS 744,855 766,512

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

RYE COURT HOTEL LIMITED (REGISTERED NUMBER: 10011122)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30TH APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29th January 2025 and were signed by:





J S Barar - Director


RYE COURT HOTEL LIMITED (REGISTERED NUMBER: 10011122)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Rye Court Hotel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10011122

Registered office: 141 London Road
High Wycombe
HP11 1BT

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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill has arisen as part of the transfer of business on 10 March 2016 and is being amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

RYE COURT HOTEL LIMITED (REGISTERED NUMBER: 10011122)

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

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2023
and 30th April 2024 30,000
AMORTISATION
At 1st May 2023 21,000
Amortisation for year 3,000
At 30th April 2024 24,000
NET BOOK VALUE

At 30th April 2024 6,000
At 30th April 2023 9,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st May 2023 1,003,323
Additions 163,899
Reclassification/transfer (190,423 )
At 30th April 2024 976,799
DEPRECIATION
At 1st May 2023 190,423
Charge written back (190,423 )
At 30th April 2024 -
NET BOOK VALUE
At 30th April 2024 976,799
At 30th April 2023 812,900

RYE COURT HOTEL LIMITED (REGISTERED NUMBER: 10011122)

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

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30th April 2024 is represented by:

Totals
£   
Valuation in 2017 136,582
Cost 840,217
976,799

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 676,318 676,318

Freehold property was valued on an open market basis on 15th December 2015 by Pinders Professional and Consultancy Serv .

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed by associates 675,007 735,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 46,572

8. SECURED DEBTS

Bank loans are secured by a first legal charge over the property and a personal guarantee by the director.

9. RELATED PARTY DISCLOSURES

Included in Note 7 - Debtors is £675,007 (2023:£735,000) due from a company controlled by the Barar family members.

Included within other creditors there is also a sum of £390,812 (2023:£208,904) owed to a company controlled by the Barar family members.