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Registered number: 06439651














THE MARQUIS HOTEL GROUP LTD
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE MARQUIS HOTEL GROUP LTD
REGISTERED NUMBER: 06439651

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note

Fixed assets
  

Investments
 4 
528,932
528,932

Investment property
 5 
6,653,595
2,393,828

  
7,182,527
2,922,760

Current assets
  

Debtors: amounts falling due within one year
 6 
883,999
1,449,810

Cash at bank and in hand
 7 
5,504
305

  
889,503
1,450,115

Creditors: amounts falling due within one year
 8 
(7,645,461)
(3,564,984)

Net current liabilities
  
 
 
(6,755,958)
 
 
(2,114,869)

Total assets less current liabilities
  
426,569
807,891

Creditors: amounts falling due after more than one year
 9 
-
(260,323)

Net assets
  
£426,569
£547,568


Capital and reserves
  

Called up share capital 
 11 
1,000
1,000

Profit and loss account
  
425,569
546,568

  
£426,569
£547,568


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 income and retained earnings 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: 



___________________________
Mrs N Sheldon
___________________________
Mr W M Sheldon
Director
Director


Date: 2 May 2025
Date:2 May 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
THE MARQUIS HOTEL GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Marquis Hotel Group Ltd is a private company, limited by shares, incorporated in England and Wales. The registered number is 06439651. 
The registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH.
The principal place of business is GSE House, Paper Lane, Willesborough, Ashford, Kent, TN24 0TS.

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 4 Statement of Financial Position paragraph 4.12(a)(iv);
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 11.41(b), 11.41(c), 11.41(e), 11.41(f), 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 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of GSE Cheriton Parc (Holdings) Limited as at 31 December 2023 and these financial statements may be obtained from Companies House.

 
2.3

Going concern

An entity is a going concern unless management either intends to liquidate the entity or to cease trading, or has no realistic alternative but to do so. This must be at least, but is not limited to, twelve months from the date on which the financial statements are authorised for issue.
Since the balance sheet date the activities and assets of this entity have been hived up to its new parent undertaking. The company is not considered to be a going concern at the time the financial statements are authorised for issue. 
The financial statements have been prepared on a basis other than that of going concern basis. This basis includes, where applicable, writing the company's assets down to net realiseable value, and making provisions in respect of contracts which have become onerous at the balance sheet date. There have been no significant alterations to the existing accounting policies as these are considered to give a true and fair view.

Page 2

 
THE MARQUIS HOTEL GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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:

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.

 
2.5

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

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
THE MARQUIS HOTEL GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 3).


4.


Fixed asset investments





Investments in subsidiary companies
Loans to subsidiaries
Total



Cost or valuation


At 1 January 2023
83,081
445,951
529,032



At 31 December 2023

83,081
445,951
529,032



Impairment


At 1 January 2023
100
-
100



At 31 December 2023

100
-
100



Net book value



At 31 December 2023
£82,981
£445,951
£528,932



At 31 December 2022
£82,981
£445,951
£528,932

Page 4

 
THE MARQUIS HOTEL GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Investment property


Freehold investment property



Valuation


At 1 January 2023
2,393,827


Additions at cost
4,259,766



At 31 December 2023
6,653,593

The carrying value of investment property reflects the net realisable value as determined by the directors.


2023
2022


Historic cost
£6,653,593
£2,393,827


6.


Debtors

2023
2022


Trade debtors
28,738
24,072

Amounts owed by group undertakings
740,815
968,912

Other debtors
61,446
15,205

Prepayments and accrued income
53,000
441,621

£883,999
£1,449,810



7.


Cash and cash equivalents

2023
2022

Cash at bank and in hand
£5,504
£305



8.


Creditors: Amounts falling due within one year

2023
2022

Bank loans
1,215,300
4,355

Trade creditors
182,339
110,602

Amounts owed to group undertakings
74,165
-

Other taxation and social security
-
119,212

Other creditors
5,877,277
3,293,669

Accruals and deferred income
296,380
37,146

£7,645,461
£3,564,984


Page 5

 
THE MARQUIS HOTEL GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022

Bank loans
£-
£260,323


The bank loans are secured by way of a fixed and floating charge over the property of the company. 


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022

Amounts falling due within one year

Bank loans
1,215,300
4,355

Amounts falling due 1-2 years

Bank loans
-
4,420

Amounts falling due 2-5 years

Bank loans
-
15,583

Amounts falling due after more than 5 years

Bank loans
-
240,320

£1,215,300
£264,678



11.


Share capital

2023
2022
Allotted, called up and fully paid



800 (2022 - 800) Ordinary B shares of £1.00 each
800
800
100 (2022 - 100) Ordinary C shares of £1.00 each
100
100
100 (2022 - 100) Ordinary D shares of £1.00 each
100
100

£1,000

£1,000



12.


Contingent liabilities

The company has entered into guarantees in favour of lenders to GSE Property Investments Limited. The amount outstanding at the balance sheet date subject to the guarantee was £3,500,000 (2022 - £3,500,000).

Page 6

 
THE MARQUIS HOTEL GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Capital commitments


At 31 December 2023 the Company had capital commitments as follows:

2023
2022


Contracted for but not provided in these financial statements
£-
£472,500


14.


Related party transactions

At the balance sheet date £6,018,456 (2022 - £3,292,669) was due to companies under common control. The balances are interest free and repayable on demand.
At the balance sheet date £25,678 (2022 - £24,072) was due from companies under common control. The balances are interest free and repayable on demand.


15.


Post balance sheet events

On 28 June 2024, the company and its subsidiaries were acquired by Contemporary Pubs Holdings Limited.


16.
Controlling party

At the balance sheet date, the immediate parent undertaking is GSE Cheriton Parc Limited, a company incorporated in England and Wales. 
The parent undertaking of the largest group to consolidate these financial statements is GSE Cheriton Parc (Holdings) Limited, a company incorporated in England and Wales. The registered address of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH.
The ultimate parent undertaking is GSE Cheriton Parc (Holdings) Limited, a company incorporated in England and Wales.
At the balance sheet date, the ultimate controlling parties are Mr D M Healey and Mrs M C Healey by virtue of their shareholdings in the ultimate parent undertaking.
The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking included in consolidated financial statements for GSE Cheriton Parc (Holdings) Limited. The consolidated financial statements for GSE Cheriton Parc (Holdings) Limited are publicly available.



17.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:
The financial statements have been prepared on a basis other than going concern. More details can be found in note 2.3.

The audit report was signed on 6 May 2025 by Andrew John Childs FCA (Senior Statutory Auditor) on behalf of Magee Gammon Corporate Limited.

Page 7