Registered number
10873570
Hawthorn Hospitality Limited
Filleted Accounts
31 August 2024
Hawthorn Hospitality Limited
Registered number: 10873570
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 65,138 71,522
Current assets
Stocks 500 6,712
Debtors 4 11,069 2,387
Cash at bank and in hand 21,425 48,712
32,994 57,811
Creditors: amounts falling due within one year 5 (31,815) (46,377)
Net current assets 1,179 11,434
Total assets less current liabilities 66,317 82,956
Creditors: amounts falling due after more than one year 6 (8,214) (25,796)
Provisions for liabilities - (1,028)
Net assets 58,103 56,132
Capital and reserves
Called up share capital 100 100
Profit and loss account 58,003 56,032
Shareholders' funds 58,103 56,132
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Irwing
Director
Approved by the board on 8 April 2025
Hawthorn Hospitality Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 13
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 65,884 59,960 125,844
Additions - 1,917 1,917
Disposals - (2,018) (2,018)
At 31 August 2024 65,884 59,859 125,743
Depreciation
At 1 September 2023 19,764 34,558 54,322
Charge for the year 3,294 3,937 7,231
On disposals - (948) (948)
At 31 August 2024 23,058 37,547 60,605
Net book value
At 31 August 2024 42,826 22,312 65,138
At 31 August 2023 46,120 25,402 71,522
4 Debtors 2024 2023
£ £
Trade debtors 9,744 120
Other debtors 1,325 2,267
11,069 2,387
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 8,333
Trade creditors 7,623 7,999
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,278 6,197
Taxation and social security costs 11,776 22,412
Other creditors 138 1,436
31,815 46,377
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,214 25,796
7 Other information
Hawthorn Hospitality Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Adelaide Row
Seaham
County Durham
SR7 7EF
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