IRIS Accounts Production v24.3.2.46 03939350 director 1.6.23 31.5.24 31.5.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039393502023-05-31039393502024-05-31039393502023-06-012024-05-31039393502022-05-31039393502022-06-012023-05-31039393502023-05-3103939350ns15:EnglandWales2023-06-012024-05-3103939350ns14:PoundSterling2023-06-012024-05-3103939350ns10:Director12023-06-012024-05-3103939350ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3103939350ns10:SmallEntities2023-06-012024-05-3103939350ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3103939350ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3103939350ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3103939350ns10:AbridgedAccounts2023-06-012024-05-3103939350ns10:RegisteredOffice2023-06-012024-05-3103939350ns5:CurrentFinancialInstruments2024-05-3103939350ns5:CurrentFinancialInstruments2023-05-3103939350ns5:ShareCapital2024-05-3103939350ns5:ShareCapital2023-05-3103939350ns5:FurtherSpecificReserve1ComponentTotalEquity2024-05-3103939350ns5:FurtherSpecificReserve1ComponentTotalEquity2023-05-3103939350ns5:RetainedEarningsAccumulatedLosses2024-05-3103939350ns5:RetainedEarningsAccumulatedLosses2023-05-3103939350ns5:RetainedEarningsAccumulatedLosses2023-05-3103939350ns5:FurtherSpecificReserve1ComponentTotalEquity2023-05-3103939350ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 03939350 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

HOTELPRESS LIMITED

HOTELPRESS LIMITED (REGISTERED NUMBER: 03939350)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 MAY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HOTELPRESS LIMITED

COMPANY INFORMATION
for the year ended 31 MAY 2024







DIRECTOR: B S Wilkins



REGISTERED OFFICE: Wellow Farm Barn
Norton Lane
Wellow
Bath
BANES
BA2 8QR



REGISTERED NUMBER: 03939350 (England and Wales)



ACCOUNTANTS: Graham Barber Accountancy Limited
18 Minster Way
Bath
BA2 6RH



BANKERS: Lloyds
64 Fore Street
Trowbridge
Wiltshire
BA14 8EU

HOTELPRESS LIMITED (REGISTERED NUMBER: 03939350)

ABRIDGED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 215,000 200,000
215,000 200,000

CURRENT ASSETS
Debtors 69 63
Investments 169,751 145,356
Cash at bank 947 16,393
170,767 161,812
CREDITORS
Amounts falling due within one year (196,335 ) (222,050 )
NET CURRENT LIABILITIES (25,568 ) (60,238 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,432

139,762

PROVISIONS FOR LIABILITIES (11,620 ) (8,770 )
NET ASSETS 177,812 130,992

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 6 71,955 56,955
Retained earnings 6 105,856 74,036
SHAREHOLDERS' FUNDS 177,812 130,992

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 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.

HOTELPRESS LIMITED (REGISTERED NUMBER: 03939350)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 February 2025 and were signed by:





B S Wilkins - Director


HOTELPRESS LIMITED (REGISTERED NUMBER: 03939350)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 MAY 2024

1. STATUTORY INFORMATION

Hotelpress 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents receipts from sales of shares and securities net of dealing costs, sale of property and property rental income.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Investments
Investments held as trading assets are stated at the lower of cost and market value.

3. EMPLOYEES AND DIRECTORS

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

HOTELPRESS LIMITED (REGISTERED NUMBER: 03939350)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 918
DEPRECIATION
At 1 June 2023
and 31 May 2024 918
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 200,000
Revaluations 15,000
At 31 May 2024 215,000
NET BOOK VALUE
At 31 May 2024 215,000
At 31 May 2023 200,000

Deferred tax is provided on the difference between the current valuation and the cost of the investment property after taking account of indexation allowance.The investment property is included at a director's valuation made on 31 May 2024 made on an existing use open market basis by reference to recent transactions in similar properties in the locality. Original cost of the investment property is £134,725. Provision for corporation tax on the revalued amount has been made in the year of £2,850 (2023 £475).

6. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 June 2023 74,036 56,955 130,991
Profit for the year 43,970 43,970
Transfer (12,150 ) 15,000 2,850
At 31 May 2024 105,856 71,955 177,811

7. RELATED PARTY DISCLOSURES

Amounts owed to the director at the year end were £187,038 (2023 - £215,258). This loan is interest free and repayable on demand.