Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30truetruetruetrue42truetruetrue2023-07-01falseNo description of principal activity55false 01882737 2023-07-01 2024-06-30 01882737 2022-07-01 2023-06-30 01882737 2024-06-30 01882737 2023-06-30 01882737 2022-07-01 01882737 1 2023-07-01 2024-06-30 01882737 1 2022-07-01 2023-06-30 01882737 2 2023-07-01 2024-06-30 01882737 2 2022-07-01 2023-06-30 01882737 5 2023-07-01 2024-06-30 01882737 5 2022-07-01 2023-06-30 01882737 d:Director2 2023-07-01 2024-06-30 01882737 d:Director3 2023-07-01 2024-06-30 01882737 d:RegisteredOffice 2023-07-01 2024-06-30 01882737 e:Buildings e:LongLeaseholdAssets 2023-07-01 2024-06-30 01882737 e:Buildings e:LongLeaseholdAssets 2024-06-30 01882737 e:Buildings e:LongLeaseholdAssets 2023-06-30 01882737 e:PlantMachinery 2023-07-01 2024-06-30 01882737 e:PlantMachinery 2024-06-30 01882737 e:PlantMachinery 2023-06-30 01882737 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01882737 e:FurnitureFittings 2023-07-01 2024-06-30 01882737 e:FurnitureFittings 2024-06-30 01882737 e:FurnitureFittings 2023-06-30 01882737 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01882737 e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01882737 e:CurrentFinancialInstruments 2024-06-30 01882737 e:CurrentFinancialInstruments 2023-06-30 01882737 e:Non-currentFinancialInstruments 2024-06-30 01882737 e:Non-currentFinancialInstruments 2023-06-30 01882737 e:CurrentFinancialInstruments e:WithinOneYear 2024-06-30 01882737 e:CurrentFinancialInstruments e:WithinOneYear 2023-06-30 01882737 e:Non-currentFinancialInstruments e:AfterOneYear 2024-06-30 01882737 e:Non-currentFinancialInstruments e:AfterOneYear 2023-06-30 01882737 e:ShareCapital 2023-07-01 2024-06-30 01882737 e:ShareCapital 2024-06-30 01882737 e:ShareCapital 2022-07-01 2023-06-30 01882737 e:ShareCapital 2023-06-30 01882737 e:ShareCapital 2022-07-01 01882737 e:SharePremium 2023-07-01 2024-06-30 01882737 e:SharePremium 2024-06-30 01882737 e:SharePremium 1 2023-07-01 2024-06-30 01882737 e:SharePremium 2 2023-07-01 2024-06-30 01882737 e:SharePremium 2022-07-01 2023-06-30 01882737 e:SharePremium 2023-06-30 01882737 e:SharePremium 2022-07-01 01882737 e:SharePremium 1 2022-07-01 2023-06-30 01882737 e:SharePremium 2 2022-07-01 2023-06-30 01882737 e:RevaluationReserve 2023-07-01 2024-06-30 01882737 e:RevaluationReserve 2024-06-30 01882737 e:RevaluationReserve 1 2023-07-01 2024-06-30 01882737 e:RevaluationReserve 2 2023-07-01 2024-06-30 01882737 e:RevaluationReserve 5 2023-07-01 2024-06-30 01882737 e:RevaluationReserve 2022-07-01 2023-06-30 01882737 e:RevaluationReserve 2023-06-30 01882737 e:RevaluationReserve 2022-07-01 01882737 e:RevaluationReserve 2 2022-07-01 2023-06-30 01882737 e:RevaluationReserve 5 2022-07-01 2023-06-30 01882737 e:RevaluationReserve 8 2022-07-01 2023-06-30 01882737 e:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 01882737 e:RetainedEarningsAccumulatedLosses 2024-06-30 01882737 e:RetainedEarningsAccumulatedLosses 1 2023-07-01 2024-06-30 01882737 e:RetainedEarningsAccumulatedLosses 2 2023-07-01 2024-06-30 01882737 e:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 01882737 e:RetainedEarningsAccumulatedLosses 2023-06-30 01882737 e:RetainedEarningsAccumulatedLosses 2022-07-01 01882737 e:RetainedEarningsAccumulatedLosses 1 2022-07-01 2023-06-30 01882737 e:RetainedEarningsAccumulatedLosses 2 2022-07-01 2023-06-30 01882737 e:AcceleratedTaxDepreciationDeferredTax 2024-06-30 01882737 e:AcceleratedTaxDepreciationDeferredTax 2023-06-30 01882737 e:TaxLossesCarry-forwardsDeferredTax 2024-06-30 01882737 e:TaxLossesCarry-forwardsDeferredTax 2023-06-30 01882737 e:RetirementBenefitObligationsDeferredTax 2024-06-30 01882737 e:RetirementBenefitObligationsDeferredTax 2023-06-30 01882737 d:FRS102 2023-07-01 2024-06-30 01882737 d:Audited 2023-07-01 2024-06-30 01882737 d:FullAccounts 2023-07-01 2024-06-30 01882737 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01882737 d:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01882737 2 2023-07-01 2024-06-30 01882737 5 2023-07-01 2024-06-30 01882737 e:ShareCapital 1 2023-07-01 2024-06-30 01882737 e:ShareCapital 2 2023-07-01 2024-06-30 01882737 e:ShareCapital 1 2022-07-01 2023-06-30 01882737 e:ShareCapital 2 2022-07-01 2023-06-30 01882737 f:PoundSterling 2023-07-01 2024-06-30 01882737 e:RetainedEarningsAccumulatedLosses 5 2023-07-01 2024-06-30 01882737 e:RetainedEarningsAccumulatedLosses 5 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
Company registration number: 01882737







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


DRAGON HOTEL LIMITED






































img4f2f.png                        

 


DRAGON HOTEL LIMITED
 


 
COMPANY INFORMATION


Directors
G S Chadha 
J K Chadha 




Registered number
01882737



Registered office
Vivek House
65-67 Clarendon Road

Watford

WD17 1DS




Trading Address
The Kingsway

Swansea

SA1 5LS






Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


DRAGON HOTEL LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Statement of Changes in Equity
3
Notes to the Financial Statements
4 - 11


 


DRAGON HOTEL LIMITED
REGISTERED NUMBER:01882737



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,974,707
6,308,438

  
7,974,707
6,308,438

Current assets
  

Stocks
  
11,518
11,518

Debtors: amounts falling due within one year
 5 
2,854,266
2,869,591

Cash at bank and in hand
  
107,379
233,645

  
2,973,163
3,114,754

Creditors: amounts falling due within one year
 6 
(2,883,091)
(1,773,916)

Net current assets
  
 
 
90,072
 
 
1,340,838

Total assets less current liabilities
  
8,064,779
7,649,276

Creditors: amounts falling due after more than one year
 7 
(3,449,924)
(2,393,667)

Provisions for liabilities
  

Deferred tax
 8 
-
(610,951)

  
 
 
-
 
 
(610,951)

Net assets
  
4,614,855
4,644,658

Page 1

 


DRAGON HOTEL LIMITED
REGISTERED NUMBER:01882737


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
9,000
9,000

Revaluation reserve
  
1,891,137
1,891,599

Profit and loss account
  
2,713,718
2,743,059

  
4,614,855
4,644,658


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
G S Chadha
Director

Date: 31 March 2025

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
DRAGON HOTEL LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024



Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
Total equity


£
£
£
£
£



At 1 July 2022
1,000
9,000
1,769,025
2,532,535
4,311,560



Comprehensive income for the year


Profit for the year
-
-
-
206,341
206,341


Surplus on revaluation of long-term leasehold property
-
-
167,615
-
167,615


Movement in deferred taxation on revalued long-term leasehold property
-
-
(40,858)
-
(40,858)


Transfer of excess depreciation on revalued long-term leasehold property
-
-
(4,183)
4,183
-

Total comprehensive income for the year
-
-
122,574
210,524
333,098





At 1 July 2023
1,000
9,000
1,891,599
2,743,059
4,644,658



Comprehensive income for the year


Loss for the year
-
-
-
(20,034)
(20,034)


Surplus on revaluation of long-term leasehold property
-
-
(642,626)
-
(642,626)


Movement in deferred taxation on revalued long-term leasehold property
-
-
632,857
-
632,857


Transfer of excess depreciation on revalued long-term leasehold property
-
-
9,307
(9,307)
-

Total comprehensive income for the year
-
-
(462)
(29,341)
(29,803)



At 30 June 2024
1,000
9,000
1,891,137
2,713,718
4,614,855



The notes on pages 4 to 11 form part of these financial statements.

Page 3
 


DRAGON HOTEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Dragon Hotel Limited is a private company limited by shares, incorporated in England and Wales. The address of its registered office and principal place of business, are disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Chadha Capital Investments Limited as at 30 June 2024 and these financial statements may be obtained from the Companies House website.

Page 4

 


DRAGON HOTEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 


DRAGON HOTEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
2%
Straight line
Plant and machinery
-
10%
Straight line
Fixtures and fittings
-
15%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 


DRAGON HOTEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 7

 


DRAGON HOTEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.


3.


Employees

The average monthly number of employees, including directors, during the year was 42 (2023 - 55).

Page 8

 


DRAGON HOTEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 July 2023
6,225,000
1,402,111
312,037
7,939,148


Additions
2,462,210
3,960
-
2,466,170


Revaluations
(772,210)
-
-
(772,210)



At 30 June 2024

7,915,000
1,406,071
312,037
9,633,108



Depreciation


At 1 July 2023
-
1,318,673
312,037
1,630,710


Charge for the year on owned assets
129,584
27,691
-
157,275


On revalued assets
(129,584)
-
-
(129,584)



At 30 June 2024

-
1,346,364
312,037
1,658,401



Net book value



At 30 June 2024
7,915,000
59,707
-
7,974,707



At 30 June 2023
6,225,000
83,438
-
6,308,438

Long term leasehold property was revalued in 2023 by Gerald Eve,  an independent and qualified chartered surveyors. These valuations are based on the qualified chartered surveyors local market knowledge and no significant assumptions are relied upon. It was valued as a fully-equipped operational entity with regard to its trading potential. 
This was assessed in 2024 by the Directors and the value is still deemed reasonable at the year end. 
Included within freehold property is land valued at cost of £215,000. 



If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
8,165,351
5,703,141

Accumulated depreciation
(2,388,618)
(2,225,311)

Net book value
5,776,733
3,477,830

Page 9

 


DRAGON HOTEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
110,340
71,263

Amounts owed by group undertakings
2,642,602
2,660,956

Other debtors
19,074
20,870

Prepayments and accrued income
56,796
116,502

Deferred taxation
25,454
-

2,854,266
2,869,591



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
213,258
208,396

Trade creditors
218,598
337,271

Amounts owed to group undertakings
1,296,682
127

Other taxation and social security
51,353
79,066

Other creditors
1,054,970
1,095,221

Accruals and deferred income
48,230
53,835

2,883,091
1,773,916


Bank loans totalling £213,258 (2023 - £208,396) are secured by fixed charge against the leasehold property and by floating charge over the other assets of the company. 


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,449,924
2,393,667

3,449,924
2,393,667


Bank loans totalling £3,449,924 (2023 - £2,393,667) are secured by fixed charge against the leasehold property and by floating charge over the other assets of the company. 

Page 10

 


DRAGON HOTEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Deferred taxation




2024


£






At beginning of year
(610,951)


Charged to profit or loss
3,548


Charged to other comprehensive income
632,857



At end of year
25,454

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fixed asset timing differences
23,265
22,631

Short term timing differences
2,189
1,602

Capital gains
-
(635,184)

25,454
(610,951)


9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 31 March 2025 by Andrew Galliers FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 11