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REGISTERED NUMBER: 04754034 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Durrant Hotel Limited

Durrant Hotel Limited (Registered number: 04754034)

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


Durrant Hotel Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Ms J R Kaur
Mr P S Bahia





REGISTERED OFFICE: 69 High Street
Bideford
Devon
EX39 2AT





REGISTERED NUMBER: 04754034 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

Durrant Hotel Limited (Registered number: 04754034)

Abridged Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,389,457 1,438,616

CURRENT ASSETS
Stocks 35,904 32,008
Debtors 97,284 55,745
Investments 1 1
Cash at bank and in hand 941,334 1,014,406
1,074,523 1,102,160
CREDITORS
Amounts falling due within one year 860,673 975,930
NET CURRENT ASSETS 213,850 126,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,603,307

1,564,846

CREDITORS
Amounts falling due after more than one
year

6

(946,749

)

(965,524

)

PROVISIONS FOR LIABILITIES (82,139 ) (51,916 )
NET ASSETS 574,419 547,406

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 573,419 546,406
SHAREHOLDERS' FUNDS 574,419 547,406

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.

Durrant Hotel Limited (Registered number: 04754034)

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





Mr P S Bahia - Director


Durrant Hotel Limited (Registered number: 04754034)

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


1. STATUTORY INFORMATION

Durrant 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

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 - 10% straight line
Fixtures and fittings - 25% straight line and 10% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Durrant Hotel Limited (Registered number: 04754034)

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


3. 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

Investments
Investments held as fixed assets are stated at cost less provision for any diminution in value. Investments held as current assets are stated at the lower of cost and net realisable value.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 48 ) .

Durrant Hotel Limited (Registered number: 04754034)

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


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 2,988,717
Additions 23,632
Disposals (8,403 )
At 31 May 2024 3,003,946
DEPRECIATION
At 1 June 2023 1,550,101
Charge for year 64,388
At 31 May 2024 1,614,489
NET BOOK VALUE
At 31 May 2024 1,389,457
At 31 May 2023 1,438,616


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans due after 5 years 576,689 362,320

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 18,576 18,575
Between one and five years 21,671 40,247
40,247 58,822

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,021,855 1,105,254

Bank loans are secured by fixed and floating charges over the company's assets.

Durrant Hotel Limited (Registered number: 04754034)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. CONTINGENT LIABILITIES

The bank borrowings totalling £527,221 at 31 May 2024 of Palm Springs Hotel Limited, a company controlled by Mr P S Bahia, the director, are secured on the assets of Durrant Hotel Limited.