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DWELL INNS LEISURE LIMITED

Registered Number
07850666
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

DWELL INNS LEISURE LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Adrian Harvey

Registered Address

Azets
Ventura Park Road
Tamworth
B78 3HL

Registered Number

07850666 (England and Wales)
DWELL INNS LEISURE LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,486,0682,749,758
Investments422
2,486,0702,749,760
Current assets
Debtors106,66728,689
Cash at bank and on hand5,70357,166
112,37085,855
Creditors amounts falling due within one year5(2,703,987)(2,711,717)
Net current assets (liabilities)(2,591,617)(2,625,862)
Total assets less current liabilities(105,547)123,898
Net assets(105,547)123,898
Capital and reserves
Called up share capital11
Revaluation reserve685,000685,000
Profit and loss account(790,548)(561,103)
Shareholders' funds(105,547)123,898
The financial statements were approved and authorised for issue by the Director on 16 March 2025, and are signed on its behalf by:
Adrian Harvey
Director
Registered Company No. 07850666
DWELL INNS LEISURE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 233,483,447
At 31 March 243,483,447
Depreciation and impairment
At 01 April 23733,689
Charge for year263,690
At 31 March 24997,379
Net book value
At 31 March 242,486,068
At 31 March 232,749,758
4.Fixed asset investments

Total

£
Cost or valuation
At 01 April 232
At 31 March 242
Net book value
At 31 March 242
At 31 March 232
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties2,677,4782,710,394
Taxation and social security25,0091,323
Accrued liabilities and deferred income1,500-
Total2,703,9872,711,717