REGISTERED NUMBER: 02638084 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MORSTON HALL HOTELS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Blackiston

G Blackiston

SECRETARY:

T Blackiston

REGISTERED OFFICE:

10 London Mews

Paddington

LONDON

W2 1HY

REGISTERED NUMBER:

02638084 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

London

W21HY

FIXED ASSETS

Tangible assets

4

94,349

100,372

CURRENT ASSETS

Stocks

5

95,459

128,027

Debtors

6

84,585

70,276

Investments

7

-

5,000

Cash at bank and in hand

89,057

223,721

269,101

427,024

CREDITORS

Amounts falling due within one year

8

349,593

401,994

NET CURRENT (LIABILITIES)/ASSETS

(80,492

)

25,030

TOTAL ASSETS LESS CURRENT LIABILITIES

13,857

125,402

CAPITAL AND RESERVES

Called up share capital

9

45,000

45,000

Retained earnings

(31,143

)

80,402

SHAREHOLDERS' FUNDS

13,857

125,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:

G Blackiston - Director

T Blackiston - Director

1.	STATUTORY INFORMATION

Morston Hall Hotels Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Going concern

After reviewing the company's forecasts and projections, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

The turnover represents the receipts from the hotel and restaurant for services provided net of value added tax.

Rendering of services

Revenue for providing services are recognised in the period to which they relate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Leasehold improvements

-

5% straight line

Fixtures, fittings and equipment

-

15% reducing balance

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 only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

Pension contributions are payable directly to employees own scheme, arranged and administered outside of the company. All contributions in the year are charged to the profit and loss account in the period.

Current asset investments

Current asset investments are valued at cost less any diminution in value if appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Leasehold

and

improvements

equipment

Totals

£

£

£

COST

At 1 January 2024

524,555

671,531

1,196,086

Additions

-

10,627

10,627

At 31 December 2024

524,555

682,158

1,206,713

DEPRECIATION

At 1 January 2024

524,554

571,160

1,095,714

Charge for year

-

16,650

16,650

At 31 December 2024

524,554

587,810

1,112,364

NET BOOK VALUE

At 31 December 2024

1

94,348

94,349

At 31 December 2023

1

100,371

100,372

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks

95,459

128,027

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

84,585

70,276

7.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Unlisted investments

-

5,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

134,996

112,135

Taxation and social security

137,165

191,900

Other creditors

77,432

97,959

349,593

401,994

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

45,000

Ordinary

£1

45,000

45,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

G Blackiston and T Blackiston

Balance outstanding at start of year

-

-

Amounts advanced

3,119

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,119

-

11.	RELATED PARTY DISCLOSURES