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REGISTERED NUMBER: 00429147 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Empire Hotel (Llandudno) Limited

Empire Hotel (Llandudno) Limited (Registered number: 00429147)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Empire Hotel (Llandudno) Limited

Company Information
for the Year Ended 31 March 2025







Directors: E O Maddocks
E J Waddy
M W Waddy





Secretary: E O Maddocks





Registered office: Empire Hotel
73 Church Walks
Llandudno
Conwy
LL30 2HE





Registered number: 00429147 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Empire Hotel (Llandudno) Limited (Registered number: 00429147)

Statement of Financial Position
31 March 2025

31/3/25 31/3/24
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,172,017 1,236,496
Investment property 5 480,000 517,136
1,652,017 1,753,632

Current assets
Stocks 16,104 20,928
Debtors 6 164,668 131,276
Cash at bank 62,969 79,586
243,741 231,790
Creditors
Amounts falling due within one year 7 937,284 894,433
Net current liabilities (693,543 ) (662,643 )
Total assets less current liabilities 958,474 1,090,989

Creditors
Amounts falling due after more than
one year

8

(27,595

)

(29,302

)

Provisions for liabilities 9 (34,776 ) (50,226 )
Net assets 896,103 1,011,461

Capital and reserves
Called up share capital 10 150,000 150,000
Retained earnings 746,103 861,461
Shareholders' funds 896,103 1,011,461

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Empire Hotel (Llandudno) Limited (Registered number: 00429147)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





E J Waddy - Director


Empire Hotel (Llandudno) Limited (Registered number: 00429147)

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

1. Statutory information

Empire Hotel (Llandudno) 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable from the provision of hotel services including room hire, bar and restaurant takings and is stated after deduction of value added tax.

Room and inclusive breakfast turnover is recognised at the end of the financial day. All other turnover such as bar and restaurant takings are recognised at the point of sale.

Any deposits are recognised over the period that the accommodation services are provided.

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
Leasehold property - 2% on cost
Plant and machinery - 25% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Office equipment - 10% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.


Empire Hotel (Llandudno) Limited (Registered number: 00429147)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 statement of financial position 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.

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3. Employees and directors

The average number of employees during the year was 60 (2024 - 60 ) .

4. Tangible fixed assets
Freehold Leasehold Plant and
property property machinery
£    £    £   
Cost
At 1 April 2024 151,474 1,898,700 723,734
Additions - - -
At 31 March 2025 151,474 1,898,700 723,734
Depreciation
At 1 April 2024 118,951 947,625 683,285
Charge for year 3,030 37,974 10,112
At 31 March 2025 121,981 985,599 693,397
Net book value
At 31 March 2025 29,493 913,101 30,337
At 31 March 2024 32,523 951,075 40,449

Empire Hotel (Llandudno) Limited (Registered number: 00429147)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. Tangible fixed assets - continued

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2024 2,683,530 80,849 241,004 5,779,291
Additions 19,091 5,000 - 24,091
At 31 March 2025 2,702,621 85,849 241,004 5,803,382
Depreciation
At 1 April 2024 2,537,507 48,891 206,536 4,542,795
Charge for year 24,767 9,240 3,447 88,570
At 31 March 2025 2,562,274 58,131 209,983 4,631,365
Net book value
At 31 March 2025 140,347 27,718 31,021 1,172,017
At 31 March 2024 146,023 31,958 34,468 1,236,496

5. Investment property
Total
£   
Fair value
At 1 April 2024 517,136
Revaluations (37,136 )
At 31 March 2025 480,000
Net book value
At 31 March 2025 480,000
At 31 March 2024 517,136


6. Debtors: amounts falling due within one year
31/3/25 31/3/24
£    £   
Amounts owed by group undertakings 128,726 64,376
Other debtors 35,942 66,900
164,668 131,276

Empire Hotel (Llandudno) Limited (Registered number: 00429147)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. Creditors: amounts falling due within one year
31/3/25 31/3/24
£    £   
Trade creditors 100,451 149,979
Taxation and social security 222,297 217,073
Other creditors 614,536 527,381
937,284 894,433

8. Creditors: amounts falling due after more than one year
31/3/25 31/3/24
£    £   
Other creditors 27,595 29,302

Other creditors include amounts due after more than five years of £20,768 (2024 - £22,472).

9. Provisions for liabilities
31/3/25 31/3/24
£    £   
Deferred tax
Accelerated capital allowances 50,956 59,573
Tax losses carried forward (16,180 ) (9,347 )
34,776 50,226

Deferred
tax
£   
Balance at 1 April 2024 50,226
Credit to Statement of Income and Retained Earnings during
year

(15,450

)
Balance at 31 March 2025 34,776

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/25 31/3/24
value: £    £   
122,700 Ordinary A £1 122,700 122,700
27,300 Ordinary B £1 27,300 27,300
150,000 150,000

Empire Hotel (Llandudno) Limited (Registered number: 00429147)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

11. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25 31/3/24
£    £   
M W Waddy
Balance outstanding at start of year 13,200 -
Amounts advanced - 13,200
Amounts repaid (13,200 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,200

The maximum outstanding balance during the year was £13,200. Loans to the directors are unsecured, interest free and repayable on demand.