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Registered number: 10738167
Kent Hotels Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Motif Accounting
17-19 Wharf Street South
Leicester
LE1 2AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10738167
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 72,580 74,089
Tangible Assets 5 332,256 305,647
404,836 379,736
CURRENT ASSETS
Stocks 6 17,551 18,163
Debtors 7 319,155 353,149
Cash at bank and in hand 28,036 7,902
364,742 379,214
Creditors: Amounts Falling Due Within One Year 8 (2,822,694 ) (1,693,513 )
NET CURRENT ASSETS (LIABILITIES) (2,457,952 ) (1,314,299 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,053,116 ) (934,563 )
Creditors: Amounts Falling Due After More Than One Year 9 (266,955 ) (217,082 )
NET LIABILITIES (2,320,071 ) (1,151,645 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (2,320,072 ) (1,151,646 )
SHAREHOLDERS' FUNDS (2,320,071) (1,151,645)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Syed Anoob Saban
Director
14/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kent Hotels Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10738167 . The registered office is Trafford Hall Hotel, 23 Talbot Road, Manchester, M16 0PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 54 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 32 (2023: 31)
32 31
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 81,509
As at 31 March 2024 81,509
Amortisation
As at 1 April 2023 7,420
Provided during the period 1,509
As at 31 March 2024 8,929
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 72,580
As at 1 April 2023 74,089
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 486,846
Additions 85,242
As at 31 March 2024 572,088
Depreciation
As at 1 April 2023 181,199
Provided during the period 58,633
As at 31 March 2024 239,832
Net Book Value
As at 31 March 2024 332,256
As at 1 April 2023 305,647
6. Stocks
2024 2023
£ £
Finished goods 17,551 18,163
7. Debtors
2024 2023
£ £
Due within one year
VAT - 7,267
Due after more than one year
Other debtors 319,155 345,882
319,155 353,149
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,260,002 1,024,828
Other taxes and social security 168,319 104,024
VAT 16,769 -
Accruals and deferred income 1,212,167 399,224
Amounts owed to group undertakings 165,437 165,437
2,822,694 1,693,513
Page 4
Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 59,721 65,243
Other creditors 165,764 69,416
Directors loan account 41,470 82,423
266,955 217,082
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5