Registered number
02864856
Seymour Hotels Limited
Unaudited Filleted Accounts
31 January 2025
Seymour Hotels Limited
Registered number: 02864856
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,517,434 1,548,565
Current assets
Stocks 13,472 7,579
Debtors 4 17,151 89,545
Cash at bank and in hand 566,191 374,549
596,814 471,673
Creditors: amounts falling due within one year 5 (203,963) (169,670)
Net current assets 392,851 302,003
Net assets 1,910,285 1,850,568
Capital and reserves
Called up share capital 60,060 60,060
Share premium 40,040 40,040
Profit and loss account 1,810,185 1,750,468
Shareholders' funds 1,910,285 1,850,568
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.
Mrs J Seymour
Director
Approved by the board on 21 May 2025
Seymour Hotels Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
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 100 years
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 4 or 10 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 2025 2024
Number Number
Average number of persons employed by the company 53 50
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2024 1,659,435 1,010,971 2,670,406
Additions - 3,259 3,259
At 31 January 2025 1,659,435 1,014,230 2,673,665
Depreciation
At 1 February 2024 144,078 977,763 1,121,841
Charge for the year 16,524 17,866 34,390
At 31 January 2025 160,602 995,629 1,156,231
Net book value
At 31 January 2025 1,498,833 18,601 1,517,434
At 31 January 2024 1,515,357 33,208 1,548,565
4 Debtors 2025 2024
£ £
Trade debtors 3,111 2,461
Other debtors 14,040 87,084
17,151 89,545
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 50,986 72,034
Taxation and social security costs 107,930 76,053
Other creditors 45,047 21,583
203,963 169,670
6 Other information
Seymour Hotels Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Diglis Hotel
Severn Street
Worcester
WR1 2NF
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