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REGISTERED NUMBER: 09803165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Vincere Hospitality Limited

Vincere Hospitality Limited (Registered number: 09803165)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vincere Hospitality Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: A R Lidgard
Ms A L Evans
R J Matthews
A C Smith





REGISTERED OFFICE: The Brackenborough Hotel
Cordeaux Corner
Louth
Lincolnshire
LN11 0SZ





REGISTERED NUMBER: 09803165 (England and Wales)

Vincere Hospitality Limited (Registered number: 09803165)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,082 104,667

CURRENT ASSETS
Stocks 12,727 13,969
Debtors 5 25,451 65,188
Cash at bank and in hand 19,578 10,455
57,756 89,612
CREDITORS
Amounts falling due within one year 6 266,466 315,069
NET CURRENT LIABILITIES (208,710 ) (225,457 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(108,628

)

(120,790

)

CREDITORS
Amounts falling due after more than one
year

7

10,731

20,717
NET LIABILITIES (119,359 ) (141,507 )

CAPITAL AND RESERVES
Called up share capital 1,070 1,070
Share premium 15,190 15,190
Retained earnings (135,619 ) (157,767 )
SHAREHOLDERS' FUNDS (119,359 ) (141,507 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Vincere Hospitality Limited (Registered number: 09803165)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





A R Lidgard - Director


Vincere Hospitality Limited (Registered number: 09803165)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Vincere Hospitality 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 and 2% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell after making due allowance for obsolete and slow moving items. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, finished goods and goods for resale are assessed for impairment. If goods for resale are impaired, the carrying amounts are reduced to selling price less costs to complete and sell. The impairment loss is recognised immediately to the income statement.

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.

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.

Vincere Hospitality Limited (Registered number: 09803165)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 249,028
Additions 724
At 31 July 2024 249,752
DEPRECIATION
At 1 August 2023 144,361
Charge for year 5,309
At 31 July 2024 149,670
NET BOOK VALUE
At 31 July 2024 100,082
At 31 July 2023 104,667

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 17,463
Other debtors 25,451 47,725
25,451 65,188

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 9,995
Trade creditors 122,569 145,155
Taxation and social security 1,035 9,435
Other creditors 132,862 150,484
266,466 315,069

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 10,731 20,717

Vincere Hospitality Limited (Registered number: 09803165)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. RELATED PARTY DISCLOSURES

At the year end, the related party balances were:
31.7.24 31.7.23
£ £
Balance owed from related parties at the year end 17,276 31,554
Balance owed to related parties at the year end 86,453 86,453
Related party trade debtor balances - 17,463
Related party trade creditor balances 108,788 131,670
Sales and recharges made to related parties 17,656 20,255
Purchases made from related parties 20,603 9,315

Related parties are companies which A R Lidgard is also a director of.