Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31false2023-11-21falsetrue03falseHotels and similar accommodation 15298847 2023-11-20 15298847 2023-11-21 2024-12-31 15298847 2022-11-21 2023-11-20 15298847 2024-12-31 15298847 c:Director2 2023-11-21 2024-12-31 15298847 d:ComputerEquipment 2023-11-21 2024-12-31 15298847 d:ComputerEquipment 2024-12-31 15298847 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-21 2024-12-31 15298847 d:CurrentFinancialInstruments 2024-12-31 15298847 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15298847 d:ShareCapital 2024-12-31 15298847 d:SharePremium 2024-12-31 15298847 d:RetainedEarningsAccumulatedLosses 2024-12-31 15298847 c:FRS102 2023-11-21 2024-12-31 15298847 c:Audited 2023-11-21 2024-12-31 15298847 c:FullAccounts 2023-11-21 2024-12-31 15298847 c:PrivateLimitedCompanyLtd 2023-11-21 2024-12-31 15298847 c:SmallCompaniesRegimeForAccounts 2023-11-21 2024-12-31 15298847 2 2023-11-21 2024-12-31 15298847 e:PoundSterling 2023-11-21 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 15298847










THE WILD HOSPITALITY GROUP LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
THE WILD HOSPITALITY GROUP LTD
REGISTERED NUMBER: 15298847

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 5 
5,854

  
5,854

Current assets
  

Debtors
 6 
226,258

Cash at bank and in hand
  
243,210

  
469,468

Creditors: amounts falling due within one year
 7 
(271,713)

Net current assets
  
 
 
197,755

Total assets less current liabilities
  
203,609

Net assets
  
203,609


Capital and reserves
  

Called up share capital 
  
121

Share premium account
  
206,310

Profit and loss account
  
(2,822)

  
203,609


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: 




................................................
A King
Director

Date: 29 April 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
THE WILD HOSPITALITY GROUP LTD
REGISTERED NUMBER: 15298847
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024


Page 2

 
THE WILD HOSPITALITY GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

The Wild Hospitality Group Ltd is a private company limited by shares and incorporated in England and Wales. The Company's registered number is 15298847 and registered office address is Building 1000 Cambridge Research Park, Waterbeach, Cambridgeshire, United Kingdom, CB25 9PD.
The Company's principal activity is that of hotel management.

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 financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £.

The following principal accounting policies have been applied:

  
2.2

Reporting period

The financial statements cover the 13 month period from the Company's date of incorporation of 21 November 2023 to 31 December 2024.

 
2.3

Going concern

In preparing the financial statements, the going concern status of the Company has been considered. The Company is a new hotel operating company for a brand. The first hotel that is open under this brand is currently being refurbished. The Company has therefore generated some revenue, but management fees are not expected to start until September 2025, and wont stabilise until 2 years after this. Forecast future cashflows have been prepared, that show support is expected to be required by the ultimate controlling party in the immediate future. The directors have confirmed the intention and ability of the ultimate controlling party to provide such support, as they have done so to date.
The directors have therefore concluded that it is appropriate to prepare the financial statements on a going concern basis. 

 
2.4

Revenue

Revenue relates to management fees, acquisition fees and technical services fees. All fees are recognised in the period in which the services are provided by the Company, which is typically monthly, net of VAT and any other discounts. Where income is received in advance, it is recognised as deferred revenue until earned.

 
2.5

Interest income

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

Page 3

 
THE WILD HOSPITALITY GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

Depreciation 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:

Computer equipment
-
Over 3 years

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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand, deposits with financial institutions repayable without penalty on notice of not more than 24 hours and cash equivalents. Cash equivalents include cash deposits with a financial institution that are accessible with less than 3 months notice.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.
 
 
2.11

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.
 
Page 4

 
THE WILD HOSPITALITY GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

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.


3.


Judgements in applying accounting policies 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.
The directors do not consider there to be any critical judgements or sources of estimation uncertainty in relation to the financial statements.


4.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 5

 
THE WILD HOSPITALITY GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Computer equipment

£



Cost


Additions
6,037



At 31 December 2024

6,037



Depreciation


Charge for the period 
183



At 31 December 2024

183



Net book value



At 31 December 2024
5,854


6.


Debtors

2024
£

Trade debtors
19,470

Amounts owed by group undertakings
206,300

Other debtors
111

Prepayments
377

226,258


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

Page 6

 
THE WILD HOSPITALITY GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

7.


Creditors: amounts falling due within one year

2024
£

Trade creditors
11,410

Amounts owed to group undertakings
206,300

Other taxation and social security
16,456

Other creditors
2,254

Accruals
35,293

271,713


Amounts owed to group undertakings are unsecured, interest free and payable on demand.


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,814. There were contributions payable to the fund at the reporting date of £2,254 and the balance is included within other creditors.


9.


Related party transactions

During the period, the Company received £274,166 from a company under common control, in respect of management services provided. As at 31 December 2024, an amount of £19,470 was due from this company and is included within trade debtors.


10.


Controlling party

The Company's ultimate controlling party is Amethyst Fund II SCSp.


11.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 29 April 2025 by Isabelle Shepherd (Senior Statutory Auditor) on behalf of HaysMac LLP.

Page 7