Company Registration No. 04037839 (England and Wales)
DIAL HOUSE HOTEL (BOURTON) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
Affinia
The Octagon Suite E2
2nd Floor Middleborough
Colchester
Essex
CO1 1TG
DIAL HOUSE HOTEL (BOURTON) LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
DIAL HOUSE HOTEL (BOURTON) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
8,175
3,506
Tangible assets
5
2,240,132
2,321,879
2,248,307
2,325,385
Current assets
Stocks
3,711
14,448
Debtors
6
101,352
89,277
Cash at bank and in hand
13,255
23,634
118,318
127,359
Creditors: amounts falling due within one year
7
(1,394,489)
(1,359,355)
Net current liabilities
(1,276,171)
(1,231,996)
Total assets less current liabilities
972,136
1,093,389
Provisions for liabilities
(280,291)
(433,276)
Net assets
691,845
660,113
Capital and reserves
Called up share capital
1,000
1,000
Share premium account
890,755
890,755
Revaluation reserve
1,322,315
1,175,994
Profit and loss reserves
(1,522,225)
(1,407,636)
Total equity
691,845
660,113

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

DIAL HOUSE HOTEL (BOURTON) LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 27 March 2025 and are signed on its behalf by:
Ms Z Dickens
Director
Company registration number 04037839 (England and Wales)
DIAL HOUSE HOTEL (BOURTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Dial House Hotel (Bourton) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Stone Buildings, Stone Buildings, London, United Kingdom, WC2A 3TH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.

1.3
Turnover

Turnover consists of sales at the company's hotel and excludes value added tax. Turnover is recognised when goods and services are supplied to guests.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
Straight line basis over periods from 10 years
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

DIAL HOUSE HOTEL (BOURTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Straight line basis over periods from 5 to 50 years
Fixtures and fittings
Straight line basis over periods from 3 to 5 years
Computers
Straight line basis over a 3 year period

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

DIAL HOUSE HOTEL (BOURTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
23
24
DIAL HOUSE HOTEL (BOURTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
4
Intangible fixed assets
Other
£
Cost
At 1 January 2023
3,750
Additions
5,130
At 31 December 2023
8,880
Amortisation and impairment
At 1 January 2023
244
Amortisation charged for the year
461
At 31 December 2023
705
Carrying amount
At 31 December 2023
8,175
At 31 December 2022
3,506
5
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Total
£
£
£
£
Cost or valuation
At 1 January 2023
2,240,326
819,830
11,704
3,071,860
Additions
-
0
35,719
-
0
35,719
Disposals
-
0
(7,238)
-
0
(7,238)
At 31 December 2023
2,240,326
848,311
11,704
3,100,341
Depreciation and impairment
At 1 January 2023
48,957
694,007
7,017
749,981
Depreciation charged in the year
48,957
60,001
2,725
111,683
Eliminated in respect of disposals
-
0
(1,455)
-
0
(1,455)
At 31 December 2023
97,914
752,553
9,742
860,209
Carrying amount
At 31 December 2023
2,142,412
95,758
1,962
2,240,132
At 31 December 2022
2,191,369
125,823
4,687
2,321,879

On 4 April 2018, the freehold property was valued by Savills (UK) Limited on an open market value for existing use basis, including fixtures, equipment and plant at £2,100,000. The directors have used this valuation along with reference to market evidence of transaction prices for similar properties to determine an open market value basis at 31 December 2023.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

DIAL HOUSE HOTEL (BOURTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
5
Tangible fixed assets
(Continued)
- 7 -
Freehold Land and Buildings
2023
2022
£
£
Cost
1,108,799
1,108,799
Accumulated depreciation
(710,679)
(653,805)
Carrying value
398,120
454,994
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
84,440
66,165
Other debtors
16,912
23,112
101,352
89,277
7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
141,129
147,542
Amounts owed to group undertakings
938,351
938,351
Corporation tax
583
483
Other taxation and social security
72,816
72,610
Other creditors
241,610
200,369
1,394,489
1,359,355
8
Directors' transactions

No guarantees given or received by the directors during the period.

9
Parent company

The parent company of Dial House Hotel (Bourton) Limited as of the year end was Boutique Hotels Limited which is under the control of Pimol Srivikorn and Paebayong Supaluk.

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