Wycliffe Hotel Limited Filleted Accounts Cover
Wycliffe Hotel Limited
Company No. 03299172
Information for Filing with The Registrar
31 March 2024
Wycliffe Hotel Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was other letting and operating of own or leased real estate.
Directors
The Directors who served at any time during the year were as follows:
R. Mohammed
M. Tavini
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
R. Mohammed
Director
31 January 2025
Wycliffe Hotel Limited Balance Sheet Registrar
at
31 March 2024
Company No.
03299172
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
10,00020,000
Tangible assets
5
438,089454,008
448,089474,008
Current assets
Stocks
6
6,0006,000
Debtors
7
2,1502,776
Cash at bank and in hand
55,55456,722
63,70465,498
Creditors: Amount falling due within one year
8
(256,890)
(251,940)
Net current liabilities
(193,186)
(186,442)
Total assets less current liabilities
254,903287,566
Net assets
254,903287,566
Capital and reserves
Called up share capital
44
Revaluation reserve
10
273,329273,329
Profit and loss account
10
(18,430)
14,233
Total equity
254,903287,566
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 January 2025 and signed on its behalf by:
R. Mohammed
Director
31 January 2025
Wycliffe Hotel Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Wycliffe Hotel Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 03299172
Its registered office is:
74 Edgeley Road
Stockport
Cheshire
SK3 9NQ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Freehold buildings
2% Straight line
Furniture, fittings and equipment
25% Reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
1514
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 April 2023
200,000200,000
At 31 March 2024
200,000200,000
Amortisation and impairment
At 1 April 2023
180,000180,000
Charge for the year
10,00010,000
At 31 March 2024
190,000190,000
Net book values
At 31 March 2024
10,00010,000
At 31 March 2023
20,00020,000
5
Tangible fixed assets
Land and buildings
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 April 2023
661,053201,827862,880
At 31 March 2024
661,053201,827862,880
Depreciation
At 1 April 2023
217,837191,035408,872
Charge for the year
13,2212,69815,919
At 31 March 2024
231,058193,733424,791
Net book values
At 31 March 2024
429,9958,094438,089
At 31 March 2023
443,216
10,792
454,008
6
Stocks
2024
2023
£
£
Raw materials and consumables
6,0006,000
6,0006,000
7
Debtors
2024
2023
£
£
Other debtors
2,150-
Prepayments and accrued income
-2,776
2,1502,776
8
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
9,9529,802
Amounts owed to group undertakings
7,000
-
Taxes and social security
56,698
29,210
Loans from directors
181,234209,706
Other creditors
566566
Accruals and deferred income
1,4402,656
256,890251,940
9
Share Capital
4 ordinary shares at £1 each fully paid
10
Reserves
Revaluation Reserve
Total other reserves
£
£
At 1 April 2022
273,329
273,329
At 31 March 2023 and 1 April 2023
273,329
273,329
At 31 March 2024
273,329273,329
Revaluation reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
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