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Filleted
Registration number: 06591038

Beggars Reach Hotel Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Beggars Reach Hotel Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 11

 

Beggars Reach Hotel Limited

Company Information

Director

Mr William Robert Smallman

Registered office

Beggars Reach Hotel
Burton
Milford Haven
SA73 1PD

 

Beggars Reach Hotel Limited

Director's Report for the Year Ended 31 March 2025

The director presents his report and the financial statements for the year ended 31 March 2025.

Director of the company

The director who held office during the year was as follows:

Mr William Robert Smallman

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 7 May 2025 and signed on its behalf by:

.........................................
Mr William Robert Smallman
Director

   
     
 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Beggars Reach Hotel Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Beggars Reach Hotel Limited for the year ended 31 March 2025 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants (ACCA), we are subject to its ethical and other professional requirements which are disclosed and available at the following website https://www.accaglobal.com/gb/en/about-us/regulation/rulebook.html.

This report is made solely to the Board of Directors of Beggars Reach Hotel Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Beggars Reach Hotel Limited and state those matters that we have agreed to state to the Board of Directors of Beggars Reach Hotel Limited, as a body, in this report in accordance with the requirements of the ACCA as detailed at the following website http://www.accaglobal.com/gb/en/technical-activities/technical-
resources-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beggars Reach Hotel Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Beggars Reach Hotel Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Beggars Reach Hotel Limited. You consider that Beggars Reach Hotel Limited 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 accounts of Beggars Reach Hotel Limited. 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 accounts.

......................................

LHP Haverfordwest
Chartered Certified Accountants
1st Floor
Agriculture House
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1RW

7 May 2025

 

Beggars Reach Hotel Limited

(Registration number: 06591038)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

-

559,763

Current assets

 

Stocks

5

-

2,705

Debtors

6

20,000

623,942

Cash at bank and in hand

 

20,166

59,248

 

40,166

685,895

Creditors: Amounts falling due within one year

7

(79,308)

(76,996)

Net current (liabilities)/assets

 

(39,142)

608,899

Total assets less current liabilities

 

(39,142)

1,168,662

Provisions for liabilities

-

(16,131)

Net (liabilities)/assets

 

(39,142)

1,152,531

Capital and reserves

 

Called up share capital

8

200

200

Retained earnings

(39,342)

1,152,331

Shareholders' (deficit)/funds

 

(39,142)

1,152,531

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 7 May 2025
 

.........................................
Mr William Robert Smallman
Director

   
     
 

Beggars Reach Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
Beggars Reach Hotel
Burton
Milford Haven
SA73 1PD

These financial statements were authorised for issue by the director on 7 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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 taxable income.

 

Beggars Reach Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Beggars Reach Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 20).

 

Beggars Reach Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

481,797

191,081

16,048

29,507

718,433

Disposals

(481,797)

(191,081)

(16,048)

(29,507)

(718,433)

At 31 March 2025

-

-

-

-

-

Depreciation

At 1 April 2024

28,767

106,800

10,179

12,888

158,634

Eliminated on disposal

(28,767)

(106,800)

(10,179)

(12,888)

(158,634)

At 31 March 2025

-

-

-

-

-

Carrying amount

At 31 March 2025

-

-

-

-

-

At 31 March 2024

453,030

84,281

5,869

16,583

559,763

Included within the net book value of land and buildings above is £Nil (2024 - £453,030) in respect of freehold land and buildings.
 

 

Beggars Reach Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Stocks

2025
£

2024
£

Other inventories

-

2,705

6

Debtors

Current

2025
£

2024
£

Trade debtors

-

2,148

Prepayments

20,000

2,918

Other debtors

-

618,876

 

20,000

623,942

 

Beggars Reach Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

74

19,583

Taxation and social security

 

809

13,732

Directors' loan accounts

 

26,409

50

Other creditors

 

3,310

18,086

Corporation tax liability

 

48,706

25,545

 

79,308

76,996

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary share of £1 each

200

200

200

200

       

9

Related party transactions

Transactions with the director

2025

At 1 April 2024
£

Repayments by director
£

At 31 March 2025
£

Mr William Robert Smallman

Interest free loan with no fixed repayment term

(51)

(26,358)

(26,409)

2024

At 1 April 2023
£

Repayments by director
£

At 31 March 2024
£

Mr William Robert Smallman

Interest free loan with no fixed repayment term

18,741

(18,791)

(51)

Summary of transactions with joint ventures

Beggars Property Limited
(Mr William Smallman is also a director of Beggars property Limited)

Summary of transactions with other related parties

 

Beggars Reach Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The loan now due from Beggars Property limited is £0.00, as this loan has been written off. The loan was interest free and repayable on agreement. (2024; £613,876.20)