| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 29 June 2024 |
| for |
| Great Northern Hotel (UK) Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 29 June 2024 |
| for |
| Great Northern Hotel (UK) Ltd |
| Great Northern Hotel (UK) Ltd (Registered number: 06940669) |
| Contents of the Financial Statements |
| for the Year Ended 29 June 2024 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| Great Northern Hotel (UK) Ltd |
| Company Information |
| for the Year Ended 29 June 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants and Business Advisors |
| Regency House |
| 33 Wood Street |
| Barnet |
| Hertfordshire |
| EN5 4BE |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Great Northern Hotel (UK) Ltd |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Great Northern Hotel (UK) Ltd for the year ended 29 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Great Northern Hotel (UK) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Great Northern Hotel (UK) Ltd and state those matters that we have agreed to state to the director of Great Northern Hotel (UK) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Great Northern Hotel (UK) Ltd and its director for our work or for this report. |
| It is your duty to ensure that Great Northern Hotel (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Great Northern Hotel (UK) Ltd. You consider that Great Northern Hotel (UK) Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Great Northern Hotel (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| We have considered the adequacy of the disclosures made in note 2 of the financial statements concerning the reliance of the company on the continued support of the director and shareholder in order to continue as a going concern. In view of the significance of this uncertainty we consider that it should be drawn to your attention. |
| Chartered Accountants and Business Advisors |
| Regency House |
| 33 Wood Street |
| Barnet |
| Hertfordshire |
| EN5 4BE |
| Great Northern Hotel (UK) Ltd (Registered number: 06940669) |
| Balance Sheet |
| 29 June 2024 |
| 29/6/24 | 29/6/23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The director acknowledges his 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. |
| Great Northern Hotel (UK) Ltd (Registered number: 06940669) |
| Balance Sheet - continued |
| 29 June 2024 |
| The financial statements were approved by the director and authorised for issue on |
| Great Northern Hotel (UK) Ltd (Registered number: 06940669) |
| Notes to the Financial Statements |
| for the Year Ended 29 June 2024 |
| 1. | STATUTORY INFORMATION |
| Great Northern Hotel (UK) Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and machinery 33% reducing balance |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| Going concern |
| These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continuing support of the company's director and shareholder. If the company were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts and to reclassify fixed assets as current assets. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| Great Northern Hotel (UK) Ltd (Registered number: 06940669) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 June 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 30 June 2023 |
| and 29 June 2024 |
| DEPRECIATION |
| At 30 June 2023 |
| Charge for year |
| At 29 June 2024 |
| NET BOOK VALUE |
| At 29 June 2024 |
| At 29 June 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29/6/24 | 29/6/23 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29/6/24 | 29/6/23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 29/6/24 | 29/6/23 |
| £ | £ |
| Bank loans |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| At the balance sheet date, the director, M Chittenden, was owed £312,091 (2022 - £471,284). |
| Long term loan from the director for the current and prior year was interest free. The company has taken advantage of the FRS 102 Triennial Review 2017 with regard to small company exemption from fair valuing loans from its director who is also a shareholder. |
| Great Northern Hotel (UK) Ltd (Registered number: 06940669) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 June 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| Included in Other debtors at the balance sheet date was £48,438 (2023 £48,838) owed by Accounts RealTime Ltd, a company under common control. |
| Included in short term other creditors due within one year is £30,000 (2023 - £30,000) owed to Stanwood Enterprises Ltd, £20,000 (2023 - £20,000) owed to Henry James Homes Ltd, £34,603 ( 2023:£34,603 ) owed to The Ordnance Depot Ltd, £248,052 (2023 - £248,052) owed to Eastgate Street Ltd and £315 (2023 - NIL) owed to Royal Hotel Ltd. These companies are also under common control. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company was controlled throughout the current and previous year by the director by virtue of him owning the entire issued share capital of the company. |