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Registration number: 06103661

Stanwell House Hotel Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 June 2024

 

Stanwell House Hotel Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Stanwell House Hotel Limited

Company Information

Directors

Mr CG Maclean

Mrs MA Maclean

Mrs JA Clare

Registered office

Broadlands House
Broadlands Road
Brockenhurst
Hampshire
SO42 7SX

Accountants

Pyatt & Pyatt
Chartered Certified Accountants36 St Thomas Street
Lymington
Hampshire
SO41 9NE

 

Stanwell House Hotel Limited

(Registration number: 06103661)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,347,904

2,353,902

Current assets

 

Stocks

5

28,382

22,058

Debtors

122,217

35,856

Cash at bank and in hand

 

141,221

242,842

 

291,820

300,756

Prepayments and accrued income

 

52,211

44,239

Creditors: Amounts falling due within one year

(388,736)

(319,660)

Net current (liabilities)/assets

 

(44,705)

25,335

Total assets less current liabilities

 

2,303,199

2,379,237

Creditors: Amounts falling due after more than one year

(7,278,821)

(7,278,821)

Accruals and deferred income

 

-

(22,400)

Net liabilities

 

(4,975,622)

(4,921,984)

Capital and reserves

 

Called up share capital

6

203

203

Share premium reserve

216,104

216,104

Retained earnings

(5,191,929)

(5,138,291)

Shareholders' deficit

 

(4,975,622)

(4,921,984)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Stanwell House Hotel Limited

(Registration number: 06103661)
Abridged Balance Sheet as at 30 June 2024

Approved and authorised by the Board on 23 March 2025 and signed on its behalf by:
 

.........................................
Mr CG Maclean
Director

 

Stanwell House Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Broadlands House
Broadlands Road
Brockenhurst
Hampshire
SO42 7SX

These financial statements were authorised for issue by the Board on 23 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

25% straight line

Website

33.33% straight line

 

Stanwell House Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

Office equipment

33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Stanwell House Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 51 (2023 - 46).

 

Stanwell House Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 July 2023

2,725,835

77,668

1,920

12,175

2,817,598

Additions

-

22,939

-

1,370

24,309

At 30 June 2024

2,725,835

100,607

1,920

13,545

2,841,907

Depreciation

At 1 July 2023

429,021

26,790

1,280

6,605

463,696

Charge for the year

-

25,152

640

4,515

30,307

At 30 June 2024

429,021

51,942

1,920

11,120

494,003

Carrying amount

At 30 June 2024

2,296,814

48,665

-

2,425

2,347,904

At 30 June 2023

2,296,814

50,878

640

5,570

2,353,902

Included within the net book value of land and buildings above is £2,296,814 (2023 - £2,296,814) in respect of freehold land and buildings.
 

 

Stanwell House Hotel Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

5

Stocks

2024
£

2023
£

Other inventories

28,382

22,058

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £0.10 each

1,031

103

1,031

103

Ordinary B shares of £0.10 each

364

36

364

36

Ordinary C shares of £0.10 each

318

32

318

32

Ordinary D shares of £0.10 each

318

32

318

32

Ordinary E shares of £0 each

-

-

-

-

2,031

203

2,031

203