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REGISTERED NUMBER: 09861358 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Bodmin Jail Hotel Ltd

Bodmin Jail Hotel Ltd (Registered number: 09861358)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bodmin Jail Hotel Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: T Gorman





SECRETARY: A B Virani





REGISTERED OFFICE: Suite C3
Coveham House
Downside Bridge Road
Cobham
Surrey
KT11 3EP





REGISTERED NUMBER: 09861358 (England and Wales)





ACCOUNTANTS: AccountLets
Coveham House
Downside Bridge Road
Cobham
Surrey
KT11 3EP

Bodmin Jail Hotel Ltd (Registered number: 09861358)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 800,070 -
Tangible assets 5 255,731 230,960
1,055,801 230,960

CURRENT ASSETS
Stocks 23,267 22,159
Debtors 6 1,663,430 1,130,154
Cash at bank 6,280 65,104
1,692,977 1,217,417
CREDITORS
Amounts falling due within one year 7 2,495,799 1,295,342
NET CURRENT LIABILITIES (802,822 ) (77,925 )
TOTAL ASSETS LESS CURRENT LIABILITIES 252,979 153,035

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 252,978 153,034
SHAREHOLDERS' FUNDS 252,979 153,035

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 director and authorised for issue on 9 December 2024 and were signed by:





T Gorman - Director


Bodmin Jail Hotel Ltd (Registered number: 09861358)

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

1. STATUTORY INFORMATION

Bodmin Jail Hotel Ltd 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Bodmin Jail Hotel Ltd (Registered number: 09861358)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 800,070
At 30 June 2024 800,070
NET BOOK VALUE
At 30 June 2024 800,070

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 230,960 - 230,960
Additions 22,346 2,674 25,020
At 30 June 2024 253,306 2,674 255,980
DEPRECIATION
Charge for year - 249 249
At 30 June 2024 - 249 249
NET BOOK VALUE
At 30 June 2024 253,306 2,425 255,731
At 30 June 2023 230,960 - 230,960

6. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 223,339 122,964
Other debtors 343,299 73,931
566,638 196,895

Amounts falling due after more than one year:
Other debtors 1,096,792 933,259

Aggregate amounts 1,663,430 1,130,154

Bodmin Jail Hotel Ltd (Registered number: 09861358)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 318,033 210,843
Taxation and social security 190,899 239,869
Other creditors 1,986,867 844,630
2,495,799 1,295,342

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr. Gorman Timur. 75% shareholdings of Tudor Hotels Collections Limited.