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REGISTERED NUMBER: 10592742 (England and Wales)











THE CLEY HALL HOTEL SPALDING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025






THE CLEY HALL HOTEL SPALDING LIMITED (REGISTERED NUMBER: 10592742)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


THE CLEY HALL HOTEL SPALDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTORS: G S Cheema
Mrs O Cheema





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 10592742 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

THE CLEY HALL HOTEL SPALDING LIMITED (REGISTERED NUMBER: 10592742)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 540,509 533,080
540,509 533,080

CURRENT ASSETS
Stocks 15,000 10,000
Debtors 6 408,286 8,390
Cash at bank 28,442 28,910
451,728 47,300
CREDITORS
Amounts falling due within one year 7 66,901 337,135
NET CURRENT ASSETS/(LIABILITIES) 384,827 (289,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

925,336

243,245

CREDITORS
Amounts falling due after more than
one year

8

(663,408

)

(28,551

)

PROVISIONS FOR LIABILITIES (9,967 ) (5,135 )
NET ASSETS 251,961 209,559

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 251,861 209,459
SHAREHOLDERS' FUNDS 251,961 209,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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 CLEY HALL HOTEL SPALDING LIMITED (REGISTERED NUMBER: 10592742)

BALANCE SHEET - continued
31ST JANUARY 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th June 2025 and were signed on its behalf by:





Mrs O Cheema - Director


THE CLEY HALL HOTEL SPALDING LIMITED (REGISTERED NUMBER: 10592742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025


1. STATUTORY INFORMATION

The Cley Hall Hotel Spalding Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 in 2017, is being amortised evenly over its estimated useful life of five years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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

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.


THE CLEY HALL HOTEL SPALDING LIMITED (REGISTERED NUMBER: 10592742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2024
and 31st January 2025 216,439
AMORTISATION
At 1st February 2024
and 31st January 2025 216,439
NET BOOK VALUE
At 31st January 2025 -
At 31st January 2024 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1st February 2024 588,897 4,000 7,790 47,005 647,692
Additions - 25,351 - - 25,351
At 31st January 2025 588,897 29,351 7,790 47,005 673,043
DEPRECIATION
At 1st February 2024 79,998 1,200 2,611 30,803 114,612
Charge for year 11,778 2,936 777 2,431 17,922
At 31st January 2025 91,776 4,136 3,388 33,234 132,534
NET BOOK VALUE
At 31st January 2025 497,121 25,215 4,402 13,771 540,509
At 31st January 2024 508,899 2,800 5,179 16,202 533,080

THE CLEY HALL HOTEL SPALDING LIMITED (REGISTERED NUMBER: 10592742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


5. TANGIBLE FIXED ASSETS - continued

The improvements to property relate to the initial work on the addition of 8 new rooms in the Cley Hall Hotel in Spalding. The improvements are to be written off over an estimated useful life of 10 years.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 408,286 8,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 32,864 5,556
Taxation and social security 20,364 45,413
Other creditors 13,673 286,166
66,901 337,135

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 663,408 28,551

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 531,951 6,328

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1.00 100 100

10. RELATED PARTY DISCLOSURES

Within other creditors is £0 (2024 - £273,016) owed to companies which are owned by the directors.

Within other debtors is £408,286 (2024 - £7,790) owed from companies which are owned by the directors.

The loans are interest free and fully repayable.