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REGISTERED NUMBER: 12135777 (England and Wales)















THE ANGEL HOTEL (NARBERTH) LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






THE ANGEL HOTEL (NARBERTH) LTD (REGISTERED NUMBER: 12135777)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE ANGEL HOTEL (NARBERTH) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: L B Belt
Ms S L Morgan





REGISTERED OFFICE: Goose Green
Templeton
Narberth
Pembrokeshire
SA67 8SD





REGISTERED NUMBER: 12135777 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

THE ANGEL HOTEL (NARBERTH) LTD (REGISTERED NUMBER: 12135777)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 844,694 881,472

CURRENT ASSETS
Stocks 14,246 11,853
Debtors 5 408 580
Cash at bank and in hand 83,304 71,268
97,958 83,701
CREDITORS
Amounts falling due within one year 6 459,238 440,498
NET CURRENT LIABILITIES (361,280 ) (356,797 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,414

524,675

CREDITORS
Amounts falling due after more than one
year

7

421,393

453,911
NET ASSETS 62,021 70,764

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,921 70,664
62,021 70,764

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

THE ANGEL HOTEL (NARBERTH) LTD (REGISTERED NUMBER: 12135777)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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:




L B Belt - Director



Ms S L Morgan - Director


THE ANGEL HOTEL (NARBERTH) LTD (REGISTERED NUMBER: 12135777)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

The Angel Hotel (Narberth) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line
Improvements to property - 2% straight line
Plant and equipment - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Computer equipment - 25% straight line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 ANGEL HOTEL (NARBERTH) LTD (REGISTERED NUMBER: 12135777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 26 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property equipment
£    £    £   
COST
At 1 October 2023 310,651 476,876 3,746
Additions - - -
At 30 September 2024 310,651 476,876 3,746
DEPRECIATION
At 1 October 2023 23,731 32,410 1,802
Charge for year 6,213 9,538 292
At 30 September 2024 29,944 41,948 2,094
NET BOOK VALUE
At 30 September 2024 280,707 434,928 1,652
At 30 September 2023 286,920 444,466 1,944

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 264,313 10,667 1,066,253
Additions 3,070 - 3,070
At 30 September 2024 267,383 10,667 1,069,323
DEPRECIATION
At 1 October 2023 118,969 7,869 184,781
Charge for year 22,262 1,543 39,848
At 30 September 2024 141,231 9,412 224,629
NET BOOK VALUE
At 30 September 2024 126,152 1,255 844,694
At 30 September 2023 145,344 2,798 881,472

THE ANGEL HOTEL (NARBERTH) LTD (REGISTERED NUMBER: 12135777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 408 180
Other debtors - 400
408 580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,815 31,739
Amounts owed to associates 232,902 187,902
Taxation and social security 57,723 63,741
Other creditors 155,798 157,116
459,238 440,498

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 421,393 453,911

A charge is held by DBW Investments Limited dated 11 May 2020.

8. RELATED PARTY DISCLOSURES

During the year the directors made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £139,297 (2023 - £139,060).

There is an inter company loan balance of £232,902 owing to Templeton Beer, Wine & Spirit co Ltd. No interest is paid on the loan.