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Registered number: 02942219










NANT DDU LODGE HOTEL LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
NANT DDU LODGE HOTEL LIMITED
REGISTERED NUMBER: 02942219

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,279,399
2,303,081

  
2,279,399
2,303,081

Current assets
  

Stocks
  
16,658
15,931

Debtors: amounts falling due within one year
 5 
37,789
45,048

Cash at bank and in hand
  
35,156
47,633

  
89,603
108,612

Creditors: amounts falling due within one year
 6 
(2,569,198)
(2,291,232)

Net current liabilities
  
 
 
(2,479,595)
 
 
(2,182,620)

Total assets less current liabilities
  
(200,196)
120,461

Creditors: amounts falling due after more than one year
 7 
(120,000)
(120,000)

Provisions for liabilities
  

Deferred tax
 8 
(74,533)
(92,662)

  
 
 
(74,533)
 
 
(92,662)

Net liabilities
  
(394,729)
(92,201)


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
(404,729)
(102,201)

  
(394,729)
(92,201)


Page 1

 
NANT DDU LODGE HOTEL LIMITED
REGISTERED NUMBER: 02942219
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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: 




................................................
S Lester
Director

Date: 21 June 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
NANT DDU LODGE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Nant Ddu Lodge Hotel Limited is a private limited company, limited by shares, registered in England and Wales. The Company's registered number is 02942219 and registered office address is St John House, The Walk, Potters Bar, Hertfordshire, EN6 1QQ and its principal place of business is Cwm Taf, Merthyr Tydfil CF48 2HY.
The principal activity of the company is that of a hotelier.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The directors have assessed the company’s financial position and have concluded that there are no material uncertainties that may cast significant doubt over the ability of the company to continue as a going concern.
The ultimate controlling party has confirmed their intention and ability to provide financial support to the company, if needed, for a period of at least 12 months from the date of approval of these financial statements, should it be necessary. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Turnover comprises revenue receivable by the company, excluding discounts, rebates, value added tax and other sales taxes, from the trading activities of the hotel. This arises primarily from the letting of rooms, sale of food and beverages and other hotel services. 
Revenue is recognised on the daily occupation and once the service is rendered.

 
2.4

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.

Page 3

 
NANT DDU LODGE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
NANT DDU LODGE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks 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.

  
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

  
2.10

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
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.

 
2.12

Dividends

Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Page 5

 
NANT DDU LODGE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
66
68


4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost


At 1 October 2023
3,215,885
1,309,780
4,525,665


Additions
62,329
51,638
113,967



At 30 September 2024

3,278,214
1,361,418
4,639,632



Depreciation


At 1 October 2023
1,092,160
1,130,424
2,222,584


Charge for the year on owned assets
64,318
73,331
137,649



At 30 September 2024

1,156,478
1,203,755
2,360,233



Net book value



At 30 September 2024
2,121,736
157,663
2,279,399



At 30 September 2023
2,123,725
179,356
2,303,081

Page 6

 
NANT DDU LODGE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,192
13,379

Other debtors
8,695
14,478

Prepayments
26,902
17,191

37,789
45,048



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
92,810
101,328

Amounts owed to group undertakings
-
2,005,089

Corporation tax
-
5,279

Other taxation and social security
102,946
90,098

Other creditors
2,325,158
33,531

Accruals and deferred income
48,284
55,907

2,569,198
2,291,232


Included within other creditors are amounts owed by companies under common control which are interest
free and repayable on demand.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Share capital treated as debt
120,000
120,000

120,000
120,000



8.


Deferred taxation

Page 7

 
NANT DDU LODGE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
8.Deferred taxation (continued)




2024


£






At beginning of year
(92,662)


Charged to profit or loss
18,129



At end of year
(74,533)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(74,533)
(92,662)

(74,533)
(92,662)


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £20,700 (2023: £18,189). Contributions totalling £4,081 (2023: £3,643) were payable to the fund at the reporting date and are included in creditors.


10.


Related party transactions

As permitted by FRS102 paragraphs 1.12e and 33.1a, the company has taken advantage of the exemption from disclosing the transactions entered into between two or more members of a group as all subsidiary undertakings are wholly-owned by a member of that group.
Included in Other creditors is a balance of £409,878 (2023: £nil) owed to Lester Hotels Management Services Limited, a company which S Lester and M Johnstone are directors. 
Included in Other creditors is a balance of £1,871,621 (2023: £nil) owed to Giftdale Limited, a company which S Lester and M Johnstone are directors. 


11.


Ultimate parent undertaking and controlling party

The ultimate controlling party is S Lester.

Page 8

 
NANT DDU LODGE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 21 June 2025 by Andrew Ball (Senior Statutory Auditor) on behalf of HaysMac LLP.

Page 9