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REGISTERED NUMBER: 04200499 (England and Wales)















Audited Financial Statements for the Year Ended 31 July 2024

for

Ashbourne Hotel Limited

Ashbourne Hotel Limited (Registered number: 04200499)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Ashbourne Hotel Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: A R Lidgard





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





REGISTERED NUMBER: 04200499 (England and Wales)





AUDITORS: Xeinadin Audit Limited
8th Floor, Becket House
36 Old Jewry
London
EC2R 8DD

Ashbourne Hotel Limited (Registered number: 04200499)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 772,236 770,528

CURRENT ASSETS
Stocks 14,646 17,624
Debtors 5 684,312 698,926
Cash at bank and in hand 65,459 123,827
764,417 840,377
CREDITORS
Amounts falling due within one year 6 876,344 1,152,216
NET CURRENT LIABILITIES (111,927 ) (311,839 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

660,309

458,689

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 630,309 428,689
SHAREHOLDERS' FUNDS 660,309 458,689

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 10 February 2025 and were signed by:





A R Lidgard - Director


Ashbourne Hotel Limited (Registered number: 04200499)

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

1. STATUTORY INFORMATION

Ashbourne 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises revenue recognised by the company during the year, in respect of goods and services that are common to hotels and their related activities, exclusive of Value Added Tax and trade discounts.

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 - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price after making due allowance for obsolete and slow moving items. Stocks are valued on an average cost basis.

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.

Ashbourne Hotel Limited (Registered number: 04200499)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 36 (2023 - 42 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 752,835 1,414,860 2,167,695
Additions - 16,621 16,621
Disposals - (237 ) (237 )
At 31 July 2024 752,835 1,431,244 2,184,079
DEPRECIATION
At 1 August 2023 25,209 1,371,958 1,397,167
Charge for year - 14,676 14,676
At 31 July 2024 25,209 1,386,634 1,411,843
NET BOOK VALUE
At 31 July 2024 727,626 44,610 772,236
At 31 July 2023 727,626 42,902 770,528

Freehold land and property with a cost of £752,835 (2023: £752,835) and a net book value of £727,626 (2023: £727,626) are not being depreciated, this is a departure from FRS102.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 13,232 10,446
Amounts owed by group undertakings 653,795 662,054
Other debtors 17,285 26,426
684,312 698,926

Ashbourne Hotel Limited (Registered number: 04200499)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 157,701 183,715
Amounts owed to group undertakings 618,168 811,544
Taxation and social security 69,875 134,660
Other creditors 30,600 22,297
876,344 1,152,216

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
As this is the first year the company has had the requirement for an audit after previously taking advantage of audit exemption under s477 of the Companies Act, we are unable to satisfy ourselves concerning the closing balances for the year ended 31 July 2023, which form the opening balances included in the financial statements as at 31 July 2024. Consequently, we are unable to determine whether any adjustments to these amounts are necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, include the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Mark Stothard BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

8. RELATED PARTY DISCLOSURES

At the year end, the related party balances were:

31.7.24 31.7.23
£ £
Balances owing from (to) related parties at the year end 868 (4,165)
Sales to related parties 868 2,063
Purchases from related parties 10,959 8,178

The related parties are a company of which the director is also a director of.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Oak Ridge Hotels Limited.

The ultimate controlling party is A R Lidgard.