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REGISTERED NUMBER: 02931228 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR


THE ROYAL HOTEL LIMITED


THE ROYAL HOTEL LIMITED (REGISTERED NUMBER: 02931228)


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




THE ROYAL HOTEL LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2024









DIRECTOR:

Mr W J Bailey







REGISTERED OFFICE:

4 Kings Row


Armstrong Road


Maidstone


Kent


ME15 6AQ







REGISTERED NUMBER:

02931228 (England and Wales)







ACCOUNTANTS:

Mackenzies


Chartered Accountants


1 Langley Court


Pyle Street


Newport


Isle of Wight


PO30 1LA


THE ROYAL HOTEL LIMITED (REGISTERED NUMBER: 02931228)


BALANCE SHEET

30 APRIL 2024


2024

2023



Notes

£

£

£

£

FIXED ASSETS

Tangible assets

4

3,827,813


3,868,126




CURRENT ASSETS

Stocks

12,418


13,005



Debtors

5

1,123,444


769,019



1,135,862


782,024



CREDITORS

Amounts falling due within one year

6

781,100


664,478



NET CURRENT ASSETS

354,762


117,546



TOTAL ASSETS LESS CURRENT

LIABILITIES

4,182,575


3,985,672




CREDITORS

Amounts falling due after more than one

year

7

(292,108

)

(373,390

)



PROVISIONS FOR LIABILITIES

9

(61,111

)

(68,695

)


NET ASSETS

3,829,356


3,543,587




CAPITAL AND RESERVES

Called up share capital

10

116


116



Share premium

11

113,759


113,759



Revaluation reserve

11

3,121,034


3,121,034



Retained earnings

11

594,447


308,678



SHAREHOLDERS' FUNDS

3,829,356


3,543,587




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 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 ROYAL HOTEL LIMITED (REGISTERED NUMBER: 02931228)


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 Profit and loss account has not been delivered.


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






Mr W J Bailey - Director



THE ROYAL HOTEL LIMITED (REGISTERED NUMBER: 02931228)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024



1.

STATUTORY INFORMATION



The Royal Hotel 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 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.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Fixtures and fittings

-

10% on reducing balance


Motor vehicles

-

25% on reducing balance


Computer equipment

-

20% 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 Profit and loss account, 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.


THE ROYAL HOTEL LIMITED (REGISTERED NUMBER: 02931228)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 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 73 (2023 - 75 ) .


4.

TANGIBLE FIXED ASSETS

Fixtures



Freehold

and

Motor

Computer



property

fittings

vehicles

equipment

Totals



£

£

£

£

£


COST OR VALUATION


At 1 May 2023

3,500,000


1,454,596


240,365


89,432


5,284,393




Additions

-


2,784


-


4,631


7,415




Disposals

-


-


(27,500

)

-


(27,500

)



At 30 April 2024

3,500,000


1,457,380


212,865


94,063


5,264,308




DEPRECIATION


At 1 May 2023

-


1,123,605


203,827


88,835


1,416,267




Charge for year

-


33,446


7,624


616


41,686




Eliminated on disposal

-


-


(21,458

)

-


(21,458

)



At 30 April 2024

-


1,157,051


189,993


89,451


1,436,495




NET BOOK VALUE


At 30 April 2024

3,500,000


300,329


22,872


4,612


3,827,813




At 30 April 2023

3,500,000


330,991


36,538


597


3,868,126





Cost or valuation at 30 April 2024 is represented by:


Fixtures



Freehold

and

Motor

Computer



property

fittings

vehicles

equipment

Totals



£

£

£

£

£


Valuation in 1995

204,309


-


-


-


204,309




Valuation in 1999

435,975


-


-


-


435,975




Valuation in 2017

2,480,750


-


-


-


2,480,750




Cost

378,966


1,457,380


212,865


94,063


2,143,274



3,500,000


1,457,380


212,865


94,063


5,264,308




THE ROYAL HOTEL LIMITED (REGISTERED NUMBER: 02931228)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2024



5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023



£

£


Other debtors

-


13,323




Directors' current accounts

824,839


558,039




Taxation - s455 tax paid

272,881


182,836




Accrued income

19,430


5,055




Prepayments

6,294


9,766



1,123,444


769,019




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023



£

£


Bank loans and overdrafts

240,517


282,647




Trade creditors

91,322


91,288




Tax

304,730


121,281




Social security and other taxes

23,673


30,715




VAT

94,563


116,242




Other creditors

6,601


3,151




Pension fund

3,946


4,441




Accrued expenses

15,748


14,713



781,100


664,478




Other creditors consist of a credit card balance.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


2024

2023



£

£


Bank loans - 1-2 years

81,288


79,079




Bank loans - 2-5 years

210,820


250,367




Bank loans - over 5 years

-


43,944



292,108


373,390





Amounts falling due in more than five years:



Repayable by instalments


Bank loans - over 5 years

-


43,944




THE ROYAL HOTEL LIMITED (REGISTERED NUMBER: 02931228)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2024



8.

SECURED DEBTS



The following secured debts are included within creditors:


2024

2023



£

£


Bank overdrafts

161,380


205,661




Bank loans

371,245


450,376



532,625


656,037





Bank overdraft and loans are secured on the company freehold property.


9.

PROVISIONS FOR LIABILITIES

2024

2023



£

£


Deferred tax

61,111


68,695




Deferred tax



£


Balance at 1 May 2023

68,695




Provided during year

(7,584

)



Balance at 30 April 2024

61,111




10.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023


value:


£

£


116

Ordinary

£1

116


116




11.

RESERVES

Retained

Share

Revaluation


earnings

premium

reserve

Totals



£

£

£

£



At 1 May 2023

308,678


113,759


3,121,034


3,543,471




Profit for the year

285,769


285,769




At 30 April 2024

594,447


113,759


3,121,034


3,829,240




12.

ULTIMATE CONTROLLING PARTY



The controlling party is Mr W J Bailey.