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REGISTERED NUMBER: 07026212 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Botley Hill Hospitality Limited

Botley Hill Hospitality Limited (Registered number: 07026212)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Botley Hill Hospitality Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Carl William Adair
Neil Rees Rowlands





REGISTERED OFFICE: Stables Cottage
Hayes Lane
Slinfold
West Sussex
RH13 0RF





REGISTERED NUMBER: 07026212 (England and Wales)





ACCOUNTANTS: Ramon Lee Ltd
93 Tabernacle Street
London
EC2A 4BA

Botley Hill Hospitality Limited (Registered number: 07026212)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,032,096 1,080,306
Investments 5 56,025 56,025
1,088,121 1,136,331

CURRENT ASSETS
Stocks 93,544 86,341
Debtors 6 331,076 295,497
Cash at bank and in hand 348,364 476,332
772,984 858,170
CREDITORS
Amounts falling due within one year 7 (1,288,199 ) (1,336,308 )
NET CURRENT LIABILITIES (515,215 ) (478,138 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,906

658,193

CREDITORS
Amounts falling due after more than one year 8 (773,976 ) (887,496 )

PROVISIONS FOR LIABILITIES (25,936 ) (25,936 )
NET LIABILITIES (227,006 ) (255,239 )

Botley Hill Hospitality Limited (Registered number: 07026212)

Balance Sheet - continued
31 May 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 120 120
Share premium 159,900 159,900
Retained earnings (387,026 ) (415,259 )
(227,006 ) (255,239 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:




Carl William Adair - Director



Neil Rees Rowlands - Director


Botley Hill Hospitality Limited (Registered number: 07026212)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. ACCOUNTING POLICIES

Company information

Botley Hill Hospitality Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Stables Cottage, Hayes Lane, Slinfold, West Sussex, RH13 ORF.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold Over the length of the lease
Plant and machinery 25% reducing balance/3 or 5 year straight line
Fixtures, fittings & equipment 25% reducing balance/4 year straight line
Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Botley Hill Hospitality Limited (Registered number: 07026212)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Botley Hill Hospitality Limited (Registered number: 07026212)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENT NOTE
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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.

BASIC FINANCIAL ASSETS

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CLASSIFICATION OF FINANCIAL LIABILITIES

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BASIC FINANCIAL LIABILITIES

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

EQUITY INSTRUMENTS
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Botley Hill Hospitality Limited (Registered number: 07026212)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 48 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 1,291,251 424,076 1,715,327
Additions - 33,009 33,009
At 31 May 2024 1,291,251 457,085 1,748,336
DEPRECIATION
At 1 June 2023 245,362 389,659 635,021
Charge for year 55,047 26,172 81,219
At 31 May 2024 300,409 415,831 716,240
NET BOOK VALUE
At 31 May 2024 990,842 41,254 1,032,096
At 31 May 2023 1,045,889 34,417 1,080,306

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 56,025
NET BOOK VALUE
At 31 May 2024 56,025
At 31 May 2023 56,025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - (600 )
Other debtors 331,076 296,097
331,076 295,497

Botley Hill Hospitality Limited (Registered number: 07026212)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 717
Trade creditors 162,316 127,664
Taxation and social security 92,655 111,089
Other creditors 1,033,228 1,096,838
1,288,199 1,336,308

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 430,312 499,562
Other creditors 343,664 387,934
773,976 887,496

Amounts falling due in more than five years:

Repayable otherwise than by instalments
MMI Loan 430,312 499,562

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Midnight Moon Inns Limited.