IRIS Accounts Production v24.3.2.46 10281760 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102817602023-07-31102817602024-07-31102817602023-08-012024-07-31102817602022-07-31102817602022-08-012023-07-31102817602023-07-3110281760ns15:EnglandWales2023-08-012024-07-3110281760ns14:PoundSterling2023-08-012024-07-3110281760ns10:Director12023-08-012024-07-3110281760ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3110281760ns10:SmallEntities2023-08-012024-07-3110281760ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3110281760ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3110281760ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3110281760ns10:FullAccounts2023-08-012024-07-3110281760ns10:Director62023-08-012024-07-3110281760ns10:RegisteredOffice2023-08-012024-07-3110281760ns5:CurrentFinancialInstruments2024-07-3110281760ns5:CurrentFinancialInstruments2023-07-3110281760ns5:ShareCapital2024-07-3110281760ns5:ShareCapital2023-07-3110281760ns5:CapitalRedemptionReserve2024-07-3110281760ns5:CapitalRedemptionReserve2023-07-3110281760ns5:RetainedEarningsAccumulatedLosses2024-07-3110281760ns5:RetainedEarningsAccumulatedLosses2023-07-3110281760ns5:PlantMachinery2023-08-012024-07-3110281760ns5:FurnitureFittings2023-08-012024-07-3110281760ns5:PlantMachinery2023-07-3110281760ns5:FurnitureFittings2023-07-3110281760ns5:PlantMachinery2024-07-3110281760ns5:FurnitureFittings2024-07-3110281760ns5:PlantMachinery2023-07-3110281760ns5:FurnitureFittings2023-07-3110281760ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3110281760ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3110281760ns5:RetainedEarningsAccumulatedLosses2023-07-3110281760ns5:CapitalRedemptionReserve2023-07-3110281760ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-3110281760ns10:Director22023-08-012024-07-3110281760ns10:Director222023-07-3110281760ns10:Director222022-07-3110281760ns10:Director222023-08-012024-07-3110281760ns10:Director222022-08-012023-07-3110281760ns10:Director222024-07-3110281760ns10:Director222023-07-3110281760ns10:Director42023-08-012024-07-31102817604ns10:Director42023-07-31102817604ns10:Director42022-07-31102817604ns10:Director42023-08-012024-07-31102817604ns10:Director42022-08-012023-07-31102817604ns10:Director42024-07-31102817604ns10:Director42023-07-31102817601ns10:Director12023-07-31102817601ns10:Director12022-07-31102817601ns10:Director12023-08-012024-07-31102817601ns10:Director12022-08-012023-07-31102817601ns10:Director12024-07-31102817601ns10:Director12023-07-31102817606ns10:Director62023-07-31102817606ns10:Director62022-07-31102817606ns10:Director62023-08-012024-07-31102817606ns10:Director62022-08-012023-07-31102817606ns10:Director62024-07-31102817606ns10:Director62023-07-31
REGISTERED NUMBER: 10281760 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

HINTON PROPERTIES (HOTEL1) LIMITED

HINTON PROPERTIES (HOTEL1) LIMITED (REGISTERED NUMBER: 10281760)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HINTON PROPERTIES (HOTEL1) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J Hinton
N A D Hammett





REGISTERED OFFICE: The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 10281760 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

HINTON PROPERTIES (HOTEL1) LIMITED (REGISTERED NUMBER: 10281760)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,489 1,013

CURRENT ASSETS
Debtors 5 649,860 2,332,740
Cash at bank 251,735 599,463
901,595 2,932,203
CREDITORS
Amounts falling due within one year 6 121,499 1,077,134
NET CURRENT ASSETS 780,096 1,855,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

781,585

1,856,082

CAPITAL AND RESERVES
Called up share capital 48 100
Capital redemption reserve 7 52 -
Retained earnings 7 781,485 1,855,982
SHAREHOLDERS' FUNDS 781,585 1,856,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





J Hinton - Director


HINTON PROPERTIES (HOTEL1) LIMITED (REGISTERED NUMBER: 10281760)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Hinton Properties (Hotel1) 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.

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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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.
Plant and machinery - 33% on cost and 15% reducing balance
Fixtures and fittings - 15% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

3. EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

HINTON PROPERTIES (HOTEL1) LIMITED (REGISTERED NUMBER: 10281760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2023 733 810 1,543
Additions 685 - 685
At 31 July 2024 1,418 810 2,228
DEPRECIATION
At 1 August 2023 305 225 530
Charge for year 121 88 209
At 31 July 2024 426 313 739
NET BOOK VALUE
At 31 July 2024 992 497 1,489
At 31 July 2023 428 585 1,013

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 126,383 1,602,729
Other debtors 523,477 730,011
649,860 2,332,740

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 116,233 764,190
Taxation and social security 4,266 305,089
Other creditors 1,000 7,855
121,499 1,077,134

7. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 August 2023 1,855,982 - 1,855,982
Deficit for the year (34,497 ) (34,497 )
Purchase of own shares (1,040,000 ) 52 (1,039,948 )
At 31 July 2024 781,485 52 781,537

HINTON PROPERTIES (HOTEL1) LIMITED (REGISTERED NUMBER: 10281760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
J L Hinton
Balance outstanding at start of year 180,450 180,450
Amounts advanced 100,000 -
Amounts repaid (280,450 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 180,450

A B Elwell
Balance outstanding at start of year 180,450 180,450
Amounts repaid (180,450 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 180,450

J Hinton
Balance outstanding at start of year 588 (720 )
Amounts advanced 83,712 50,108
Amounts repaid (84,500 ) (48,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (200 ) 588

N A D Hammett
Balance outstanding at start of year - -
Amounts advanced 12,641 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,641 -

9. RELATED PARTY DISCLOSURES

Other related parties

Amounts due from related parties at the balance sheet date was £251,229 (2023 - £251,229)

Amounts due to related parties at the balance sheet date was £0 (2023 - £855)

10. SHARE CAPITAL

During the year the company purchased 52 of its own £1 shares.

11. FINANCIAL COMMITMENTS

The company has an unconditional multiple purchase agreement for the purchase of 16 of its own £1 shares for a total of £320,000 due July 2025 and the purchase of 12 of its own £1 shares for a total of £240,00 due July 2026.