Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30truefalsetrue2023-10-01falseNo description of principal activity3933 12404830 2023-10-01 2024-09-30 12404830 2022-10-01 2023-09-30 12404830 2024-09-30 12404830 2023-09-30 12404830 c:Director1 2023-10-01 2024-09-30 12404830 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 12404830 d:Buildings d:LongLeaseholdAssets 2024-09-30 12404830 d:Buildings d:LongLeaseholdAssets 2023-09-30 12404830 d:PlantMachinery 2023-10-01 2024-09-30 12404830 d:PlantMachinery 2024-09-30 12404830 d:PlantMachinery 2023-09-30 12404830 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12404830 d:FurnitureFittings 2023-10-01 2024-09-30 12404830 d:FurnitureFittings 2024-09-30 12404830 d:FurnitureFittings 2023-09-30 12404830 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12404830 d:OfficeEquipment 2023-10-01 2024-09-30 12404830 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 12404830 d:OtherPropertyPlantEquipment 2024-09-30 12404830 d:OtherPropertyPlantEquipment 2023-09-30 12404830 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12404830 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12404830 d:Goodwill 2024-09-30 12404830 d:Goodwill 2023-09-30 12404830 d:CurrentFinancialInstruments 2024-09-30 12404830 d:CurrentFinancialInstruments 2023-09-30 12404830 d:Non-currentFinancialInstruments 2024-09-30 12404830 d:Non-currentFinancialInstruments 2023-09-30 12404830 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12404830 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12404830 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 12404830 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 12404830 d:ShareCapital 2024-09-30 12404830 d:ShareCapital 2023-09-30 12404830 d:RetainedEarningsAccumulatedLosses 2024-09-30 12404830 d:RetainedEarningsAccumulatedLosses 2023-09-30 12404830 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-09-30 12404830 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-09-30 12404830 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 12404830 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 12404830 d:RetirementBenefitObligationsDeferredTax 2024-09-30 12404830 d:RetirementBenefitObligationsDeferredTax 2023-09-30 12404830 c:FRS102 2023-10-01 2024-09-30 12404830 c:Audited 2023-10-01 2024-09-30 12404830 c:FullAccounts 2023-10-01 2024-09-30 12404830 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12404830 d:WithinOneYear 2024-09-30 12404830 d:WithinOneYear 2023-09-30 12404830 d:BetweenOneFiveYears 2024-09-30 12404830 d:BetweenOneFiveYears 2023-09-30 12404830 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12404830 d:Goodwill d:OwnedIntangibleAssets 2023-10-01 2024-09-30 12404830 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 12404830









DAISH'S ESPLANADE HOTEL LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
DAISH'S ESPLANADE HOTEL LTD
REGISTERED NUMBER: 12404830

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
290,625
309,375

Tangible assets
 5 
1,276,643
1,292,256

  
1,567,268
1,601,631

Current assets
  

Stocks
  
15,472
19,970

Debtors: amounts falling due within one year
 6 
68,520
93,801

Cash at bank and in hand
 7 
59,688
7,500

  
143,680
121,271

Creditors: amounts falling due within one year
 8 
(1,669,521)
(1,685,706)

Net current liabilities
  
 
 
(1,525,841)
 
 
(1,564,435)

Total assets less current liabilities
  
41,427
37,196

Creditors: amounts falling due after more than one year
  
(10,191)
-

  

Net assets
  
31,236
37,196


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
31,136
37,096

  
31,236
37,196


Page 1

 
DAISH'S ESPLANADE HOTEL LTD
REGISTERED NUMBER: 12404830
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 income and retained earnings 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: 




G A Brown
Director

Date: 12 June 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
DAISH'S ESPLANADE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The Daish's Esplanade Hotel Limited is a limited company incorporated in the United Kingdom, registered office The Devonshire Hotel, Park Hill Road, Torquay, Devon, TQ1 2DY, principal place of business Esplanade Hotel, Belmont Road, Scarborough, YO11 2AA.
The principal activity of the company during the year was the operation of a hotel.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Effective from the balance sheet date, the company has chosen to early adopt the amendments to FRS 102 issued in the Periodic Review 2024, which are otherwise effective for accounting periods beginning on or after 1 January 2026. These amendments have been considered in the preparation of these financial statements. The most significant impact of early adoption relates to changes in the accounting for leases, where an on-balance sheet model has been applied for lessees, resulting in the recognition of right-of-use assets and lease liabilities. In line with the transitional provisions of FRS 102, the company has not restated prior year figures. Depreciation is charged so as to allocate the cost of assets over the period of the lease liability.

The following principal accounting policies have been applied:

 
2.2

Going concern

Despite the ongoing uncertain economic outlook, the directors believe that the company is well placed to manage its business risks successfully, and to maintain positive cash flows for the foreseeable future. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statement.

 
2.3

Revenue

Revenue represents the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business for accommodation services and related hotel goods provided. Accommodation sales, including deposits received in advance, are recognised as turnover at the date of stay.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
DAISH'S ESPLANADE HOTEL LTD
 
 
 
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 Balance Sheet. 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 balance sheet 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 balance sheet 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 balance sheet date.


 
2.7

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life, being 20 years.

Page 4

 
DAISH'S ESPLANADE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Fixtures and fittings
-
15%
straight line
Office equipment
-
25%
straight line

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.

  
2.9

Leasehold Improvements

Leasehold improvements are measured under the revaluation model and held in the balance sheet at fair value less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.
Fair values are determined from market based evidence either undertaken by professionally qualified valuers or by directors.
Upward revaluations are recognised in other comprehensive income, except to the extent that the revaluation reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case it is recognised in profit or loss. Downward revaluations are recognised first in other comprehensive income, to reverse any gain already recorded on that asset, then any excess in profit or loss.

 
2.10

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.

 
2.11

Debtors

Short term debtors are measured at transaction price, less any provision for bad or doubtful debt.

Page 5

 
DAISH'S ESPLANADE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 39 (2023 - 33).


4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
375,000



At 30 September 2024

375,000



Amortisation


At 1 October 2023
65,625


Charge for the year on owned assets
18,750



At 30 September 2024

84,375



Net book value



At 30 September 2024
290,625



At 30 September 2023
309,375



Page 6

 
DAISH'S ESPLANADE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Leasehold Improve-ments
Plant and machinery
Fixtures and fittings
Right of use assets
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
1,166,538
50,881
227,304
-
1,444,723


Additions
5,583
14,119
15,097
-
34,799


Capitalisation of leased assets
-
-
-
20,438
20,438



At 30 September 2024

1,172,121
65,000
242,401
20,438
1,499,960



Depreciation


At 1 October 2023
23,331
32,882
96,254
-
152,467


Charge for the year on owned assets
23,442
10,396
37,012
-
70,850



At 30 September 2024

46,773
43,278
133,266
-
223,317



Net book value



At 30 September 2024
1,125,348
21,722
109,135
20,438
1,276,643



At 30 September 2023
1,143,207
17,999
131,050
-
1,292,256

As part of the early adoption of the amendments to FRS 102, as mentioned in note 2.1 above, the company has capitalised certain operating leases as right-of-use assets within fixed assets. This change reflects the requirement to recognise lease liabilities and corresponding assets for leases previously classified as operating leases under the previous version of the standard.


6.


Debtors

2024
2023
£
£


Other debtors
10,410
25,756

Prepayments and accrued income
9,715
15,626

Deferred taxation
48,395
52,419

68,520
93,801


Page 7

 
DAISH'S ESPLANADE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
59,688
7,500

59,688
7,500



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
37,911
84,974

Amounts owed to group undertakings
1,411,098
1,418,276

Corporation tax
7,052
-

Other taxation and social security
138,913
91,292

Lease liabilities
10,247
-

Other creditors
4,389
33,074

Accruals and deferred income
59,911
58,090

1,669,521
1,685,706



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Lease liabilities
10,191
-

10,191
-



10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
59,688
7,500




Financial assets measured at fair value through profit or loss comprise...

Page 8

 
DAISH'S ESPLANADE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Deferred taxation




2024


£






At beginning of year
52,419


Charged to profit or loss
(4,024)



At end of year
48,395

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
47,793
51,405

Unpaid pension contributions
602
1,014

48,395
52,419


12.


Contingent liabilities

The company is party to a group banking facility under which the company has provided a debenture in support of its own borrowings and those of other group companies. At the balance sheet date the total indebtedness of the group secured in favour of its bankers was £9,812,748 (2023: £10,238,390).


13.


Pension commitments

The company operates a defined contribution pensions 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 £10,634 (2023 - £11,133). £2,408 (2023 - £4,056) was payable to the fund at the balance sheet date.

Page 9

 
DAISH'S ESPLANADE HOTEL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

14.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
-
12,964

Later than 1 year and not later than 5 years
-
9,585

-
22,549

The company has elected to early adopt the amendments to FRS 102 issued in 2024 effective for accounting periods beginning on or after 1 January 2026. As a result of this early adoption, lease arrangements previously classified as operating leases have been brought on balance sheet. The relevant right-of-use assets have been capitalised, and corresponding lease liabilities recognised within creditors.
Consequently, in accordance with the revised requirements, no disclosure of future minimum lease payments under non-cancellable operating leases has been provided.


15.


Controlling party

The smallest and largest group in which the company’s results are included are the consolidated accounts of the ultimate parent company, Daish's Group Limited. These are available to the public and may be obtained from:
The Devonshire Hotel
Park Hill Road
Torquay
Devon
TQ1 2DY
The ultimate controlling party is G A Brown.


16.


Auditors' information

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

The audit report was signed on 13 June 2025 by Katie Harvard Taylor ACA (Senior Statutory Auditor) on behalf of Hillier Hopkins LLP.

 
Page 10