Acorah Software Products - Accounts Production 16.3.350 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 02445112 Mr Finn Dillon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02445112 2024-02-28 02445112 2025-02-28 02445112 2024-02-29 2025-02-28 02445112 frs-core:Non-currentFinancialInstruments 2025-02-28 02445112 frs-core:ComputerEquipment 2024-02-29 2025-02-28 02445112 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 2025-02-28 02445112 frs-core:PlantMachinery 2024-02-29 2025-02-28 02445112 frs-core:ShareCapital 2025-02-28 02445112 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 02445112 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 02445112 frs-bus:AbridgedAccounts 2024-02-29 2025-02-28 02445112 frs-bus:SmallEntities 2024-02-29 2025-02-28 02445112 frs-bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 02445112 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 02445112 frs-bus:Director1 2024-02-29 2025-02-28 02445112 frs-countries:EnglandWales 2024-02-29 2025-02-28 02445112 2023-02-28 02445112 2024-02-28 02445112 2023-03-01 2024-02-28 02445112 frs-core:Non-currentFinancialInstruments 2024-02-28 02445112 frs-core:ShareCapital 2024-02-28 02445112 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 02445112
Tower Hotels (Lincoln) Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Company Information 1
Accountant's Report 2
Abridged Balance Sheet 3—4
Notes to the Abridged Financial Statements 5—6
Page 1
Company Information
Director Mr Finn Dillon
Company Number 02445112
Registered Office 38 Westgate
Lincoln
Lincolnshire
LN1 3BD
Accountants Chris Rooke Management Limited
F.M.A.A.T.
Greetwell Place
2 Lime Kiln Way
Lincoln
Lincolnshire
LN2 4US
Page 1
Page 2
Accountant's Report
Report of the Accountant to the director of Tower Hotels (Lincoln) Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 28 February 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Mr CF Rooke
1st May 2025
Chris Rooke Management Limited
F.M.A.A.T.
Greetwell Place
2 Lime Kiln Way
Lincoln
Lincolnshire
LN2 4US
Page 2
Page 3
Abridged Balance Sheet
Registered number: 02445112
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 62,961 67,224
62,961 67,224
CURRENT ASSETS
Stocks 24,404 22,199
Debtors 961 901
Cash at bank and in hand 49,284 47,469
74,649 70,569
Creditors: Amounts Falling Due Within One Year (135,679 ) (110,277 )
NET CURRENT ASSETS (LIABILITIES) (61,030 ) (39,708 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,931 27,516
Creditors: Amounts Falling Due After More Than One Year (2,500 ) (12,500 )
NET (LIABILITIES)/ASSETS (569 ) 15,016
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account (571 ) 15,014
SHAREHOLDERS' FUNDS (569) 15,016
Page 3
Page 4
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Finn Dillon
Director
1st May 2025
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Page 5
Notes to the Abridged Financial Statements
1. General Information
Tower Hotels (Lincoln) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02445112 . The registered office is 38 Westgate, Lincoln, Lincolnshire, LN1 3BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% Straight line basis
Plant & Machinery 20% Straight line basis
Computer Equipment 33% Straight line basis
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2024: 32)
35 32
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4. Tangible Assets
Total
£
Cost
As at 29 February 2024 313,195
Additions 3,765
As at 28 February 2025 316,960
Depreciation
As at 29 February 2024 245,971
Provided during the period 8,028
As at 28 February 2025 253,999
Net Book Value
As at 28 February 2025 62,961
As at 29 February 2024 67,224
5. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 6