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REGISTERED NUMBER: 00682638 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Burlington Hotel(Gt.Yarmouth)Limited

Burlington Hotel(Gt.Yarmouth)Limited (Registered number: 00682638)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


Burlington Hotel(Gt.Yarmouth)Limited (Registered number: 00682638)

Balance Sheet
30 April 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 5 500,996 519,922
Investments 6 151,002 151,002
651,998 670,924

Current assets
Stocks 4,200 3,600
Debtors 7 73,704 107,880
Cash at bank and in hand 853,651 996,117
931,555 1,107,597
Creditors
Amounts falling due within one year 8 (242,110 ) (197,621 )
Net current assets 689,445 909,976
Total assets less current liabilities 1,341,443 1,580,900

Creditors
Amounts falling due after more than one
year

9

(108,000

)

(156,000

)

Provisions for liabilities (18,816 ) (20,824 )
Net assets 1,214,627 1,404,076

Capital and reserves
Called up share capital 2,000 2,000
Retained earnings 1,212,627 1,402,076
1,214,627 1,404,076

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.

Burlington Hotel(Gt.Yarmouth)Limited (Registered number: 00682638)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr J R Delf - Director


Burlington Hotel(Gt.Yarmouth)Limited (Registered number: 00682638)

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


1. Statutory information

Burlington Hotel(Gt.Yarmouth)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: 00682638

Registered office: 12 North Drive
Great Yarmouth
Norfolk
NR30 1EG

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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Burlington Hotel(Gt.Yarmouth)Limited (Registered number: 00682638)

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


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - 1% straight line
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Burlington Hotel(Gt.Yarmouth)Limited (Registered number: 00682638)

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


3. Accounting policies - continued
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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4. Employees and directors

The average number of employees during the year was 34 (2023 - 33 ) .

Burlington Hotel(Gt.Yarmouth)Limited (Registered number: 00682638)

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


5. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
Cost
At 1 May 2023
and 30 April 2024 1,077,509 642,785 204 1,720,498
Depreciation
At 1 May 2023 644,585 555,787 204 1,200,576
Charge for year 10,227 8,699 - 18,926
At 30 April 2024 654,812 564,486 204 1,219,502
Net book value
At 30 April 2024 422,697 78,299 - 500,996
At 30 April 2023 432,924 86,998 - 519,922

6. Fixed asset investments

2024 2023
£ £
Shares in group undertakings 2 2
Loans to group undertakings 151,000 151,000
151,002 151,002

Additional information is as follows:
Shares in
group
undertakings
£
Cost
At 1 May 2023
and 30 April 2024 2
Net book value
At 30 April 2024 2
At 30 April 2023 2
Loans to
group
undertakings
£
At 1 May 2023
and 30 April 2024 151,000

Burlington Hotel(Gt.Yarmouth)Limited (Registered number: 00682638)

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


7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 10,937 15,713
Amounts owed by group undertakings 46,917 65,058
Other debtors 15,850 27,109
73,704 107,880

8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 48,000 48,000
Trade creditors 46,793 44,621
Taxation and social security 22,151 8,045
Other creditors 125,166 96,955
242,110 197,621

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 108,000 156,000

10. Secured debts

Both the bank overdraft and the bank loan are secured by way of a fixed charge over the assets of the company.

11. Other financial commitments

Operating lease commitments not included in the balance sheet amounted to £nil (2023: £8,542).

12. Related party disclosures

Part of the company's trade operates from premises owned by the directors. Annual rent of £27,000 (2023: £27,000) has been charged. There is no formal lease agreement in force.