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REGISTERED NUMBER: 13271160 (England and Wales)














Financial Statements

for the Year Ended 30 June 2024

for

The Tawny Hotel Limited

The Tawny Hotel Limited (Registered number: 13271160)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


The Tawny Hotel Limited (Registered number: 13271160)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227,829 150,343

CURRENT ASSETS
Stocks 18,603 -
Debtors 5 1,564,167 1,338,235
Cash at bank and in hand 29,432 171,920
1,612,202 1,510,155
CREDITORS
Amounts falling due within one year 6 1,763,073 1,637,416
NET CURRENT LIABILITIES (150,871 ) (127,261 )
TOTAL ASSETS LESS CURRENT LIABILITIES 76,958 23,082

PROVISIONS FOR LIABILITIES 56,958 3,082
NET ASSETS 20,000 20,000

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 19,900 19,900
SHAREHOLDERS' FUNDS 20,000 20,000

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 25 March 2025 and were signed on its behalf by:





B J Reeves - Director


The Tawny Hotel Limited (Registered number: 13271160)

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

1. STATUTORY INFORMATION

The Tawny Hotel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13271160

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believe to be reasonable under the circumstances.

Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting account estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Advance payments are received prior to hotel bookings and are only recognised to revenue when the stays have taken place.

Turnover also includes additional revenue streams from commissions earned through food and beverage sales. Revenue is recognised when sales of food and beverages have been made.

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

All turnover is derived in the UK.

The Tawny Hotel Limited (Registered number: 13271160)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Useful economic life of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The usual economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, and cash and bank balances are initially recognised at transaction price.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as creditors due after more than one year. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

The Tawny Hotel Limited (Registered number: 13271160)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 AND DIRECTORS

The average number of employees during the year was 82 (2023 - 75 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 27,602 139,777 4,916 37,915 210,210
Additions 20,019 112,904 - 1,304 134,227
Disposals - (98 ) - - (98 )
At 30 June 2024 47,621 252,583 4,916 39,219 344,339
DEPRECIATION
At 1 July 2023 7,497 39,558 469 12,343 59,867
Charge for year 7,652 41,355 1,112 6,562 56,681
Eliminated on disposal - (38 ) - - (38 )
At 30 June 2024 15,149 80,875 1,581 18,905 116,510
NET BOOK VALUE
At 30 June 2024 32,472 171,708 3,335 20,314 227,829
At 30 June 2023 20,105 100,219 4,447 25,572 150,343

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,831 7,234
Amounts owed by group undertakings 1,546,838 1,309,306
Other debtors 11,498 21,695
1,564,167 1,338,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 515,542 636,015
Taxation and social security 252,274 208,893
Other creditors 995,257 792,508
1,763,073 1,637,416

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

The Tawny Hotel Limited (Registered number: 13271160)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock BA(Hons) BFP FCA (Senior Statutory Auditor)
for and on behalf of Thompson Wright Limited

9. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking and controlling party is Consall Hall Estate Limited. The registered office for Consall Hall Estate Limited is Ebenezer House, Ryecroft, Newcastle-Under-Lyme, Staffordshire, England, ST5 2BE.

10. FINANCIAL COMMITMENTS , GUARANTEES AND CONTINGENT LIABILITIES

The company has a cross guarantee and debenture dated 8 March 2022, in favour of HSBC UK Bank PLC, with Consall Hall Estate Ltd.

HSBC UK Bank PLC holds a fixed and floating charge over all assets of the company.