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REGISTERED NUMBER: 07218456 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

DALE LODGE HOTEL LIMITED

DALE LODGE HOTEL LIMITED (REGISTERED NUMBER: 07218456)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DALE LODGE HOTEL LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: J R Goodall
A O Goodall
G Roberts
B D Roberts





SECRETARY:





REGISTERED OFFICE: Dale Lodge Hotel
Red Bank Road
Grasmere
Cumbria
LA22 9SW





REGISTERED NUMBER: 07218456 (England and Wales)





ACCOUNTANTS: MBE Accountancy Ltd
Chartered Certified Practice
10 High Street
Windermere
Cumbria
LA231AF

DALE LODGE HOTEL LIMITED (REGISTERED NUMBER: 07218456)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,000 75,000
Tangible assets 5 294,103 348,773
354,103 423,773

CURRENT ASSETS
Stocks 27,737 26,542
Debtors 6 90,502 89,824
Cash at bank and in hand 299,179 285,687
417,418 402,053
CREDITORS
Amounts falling due within one year 7 293,915 292,856
NET CURRENT ASSETS 123,503 109,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,606

532,970

CREDITORS
Amounts falling due after more than one year 8 (262,433 ) (282,620 )

PROVISIONS FOR LIABILITIES (30,984 ) (33,517 )
NET ASSETS 184,189 216,833

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 183,989 216,633
SHAREHOLDERS' FUNDS 184,189 216,833

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

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

DALE LODGE HOTEL LIMITED (REGISTERED NUMBER: 07218456)

BALANCE SHEET - continued
31 May 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 14 February 2025 and were signed on its behalf by:




B D Roberts - Director



G Roberts - Director


DALE LODGE HOTEL LIMITED (REGISTERED NUMBER: 07218456)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Dale Lodge 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 40 years
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Integral features - 10% 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 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.


DALE LODGE HOTEL LIMITED (REGISTERED NUMBER: 07218456)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

2. 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.

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 24 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 300,000
AMORTISATION
At 1 June 2023 225,000
Charge for year 15,000
At 31 May 2024 240,000
NET BOOK VALUE
At 31 May 2024 60,000
At 31 May 2023 75,000

DALE LODGE HOTEL LIMITED (REGISTERED NUMBER: 07218456)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Integral
leasehold fittings vehicles features Totals
£    £    £    £    £   
COST
At 1 June 2023 324,580 407,107 19,009 65,421 816,117
Additions - 11,605 - - 11,605
Disposals - (213,349 ) (7,079 ) - (220,428 )
At 31 May 2024 324,580 205,363 11,930 65,421 607,294
DEPRECIATION
At 1 June 2023 151,185 270,236 17,434 28,489 467,344
Charge for year 8,115 14,008 394 6,542 29,059
Eliminated on disposal - (177,314 ) (5,898 ) - (183,212 )
At 31 May 2024 159,300 106,930 11,930 35,031 313,191
NET BOOK VALUE
At 31 May 2024 165,280 98,433 - 30,390 294,103
At 31 May 2023 173,395 136,871 1,575 36,932 348,773

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 90,502 89,824

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 89,150 93,761
Taxation and social security 149,496 119,514
Other creditors 55,269 79,581
293,915 292,856

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 262,433 282,620

DALE LODGE HOTEL LIMITED (REGISTERED NUMBER: 07218456)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans and overdrafts 282,620 302,807

Brian and Gillian Roberts have secured the debt of HandlesBanken loan against their personal assets.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
B D Roberts and G Roberts
Balance outstanding at start of year 24,886 34,938
Amounts advanced 111,796 74,140
Amounts repaid (88,192 ) (84,192 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,490 24,886

J R Goodall and A O Goodall
Balance outstanding at start of year - -
Amounts advanced 114,192 118,192
Amounts repaid (114,192 ) (118,192 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Brian and Mrs Gillian Roberts.