Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-3153763false2023-11-01hotel operator2717truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08705864 2023-11-01 2024-10-31 08705864 2022-11-01 2023-10-31 08705864 2024-10-31 08705864 2023-10-31 08705864 2022-11-01 08705864 c:Director1 2023-11-01 2024-10-31 08705864 d:Buildings d:LongLeaseholdAssets 2023-11-01 2024-10-31 08705864 d:Buildings d:LongLeaseholdAssets 2024-10-31 08705864 d:Buildings d:LongLeaseholdAssets 2023-10-31 08705864 d:FurnitureFittings 2023-11-01 2024-10-31 08705864 d:FurnitureFittings 2024-10-31 08705864 d:FurnitureFittings 2023-10-31 08705864 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08705864 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 08705864 d:ComputerEquipment 2023-11-01 2024-10-31 08705864 d:ComputerEquipment 2024-10-31 08705864 d:ComputerEquipment 2023-10-31 08705864 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08705864 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 08705864 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08705864 d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 08705864 d:Goodwill 2024-10-31 08705864 d:Goodwill 2023-10-31 08705864 d:CurrentFinancialInstruments 2024-10-31 08705864 d:CurrentFinancialInstruments 2023-10-31 08705864 d:Non-currentFinancialInstruments 2024-10-31 08705864 d:Non-currentFinancialInstruments 2023-10-31 08705864 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 08705864 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08705864 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 08705864 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 08705864 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 08705864 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 08705864 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 08705864 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 08705864 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 08705864 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 08705864 d:ShareCapital 2024-10-31 08705864 d:ShareCapital 2023-10-31 08705864 d:RetainedEarningsAccumulatedLosses 2024-10-31 08705864 d:RetainedEarningsAccumulatedLosses 2023-10-31 08705864 c:OrdinaryShareClass1 2023-11-01 2024-10-31 08705864 c:OrdinaryShareClass1 2024-10-31 08705864 c:FRS102 2023-11-01 2024-10-31 08705864 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08705864 c:FullAccounts 2023-11-01 2024-10-31 08705864 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08705864 d:HirePurchaseContracts d:WithinOneYear 2024-10-31 08705864 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 08705864 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-10-31 08705864 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 08705864 2 2023-11-01 2024-10-31 08705864 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 08705864 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 08705864 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 08705864 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08705864














FOUR SAINTS HOTELS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
FOUR SAINTS HOTELS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 11


 
FOUR SAINTS HOTELS LIMITED
REGISTERED NUMBER:08705864

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
67,929
85,123

Tangible assets
 5 
2,569,256
2,559,400

  
2,637,185
2,644,523

Current assets
  

Stocks
  
14,200
5,547

Debtors: amounts falling due within one year
 6 
159,053
96,169

Cash at bank and in hand
  
171,159
102,772

  
344,412
204,488

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(543,546)
(383,949)

Net current liabilities
  
 
 
(199,134)
 
 
(179,461)

Total assets less current liabilities
  
2,438,051
2,465,062

Creditors: amounts falling due after more than one year
 8 
(2,216,232)
(2,289,065)

Provisions for liabilities
  

Deferred tax
 11 
(22,830)
(7,496)

Net assets
  
198,989
168,501


Capital and reserves
  

Called up share capital 
 12 
15,000
15,000

Profit and loss account
  
183,989
153,501

  
198,989
168,501


Page 1

 
FOUR SAINTS HOTELS LIMITED
REGISTERED NUMBER:08705864
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 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 on 26 June 2025.




S S A Rozek
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
FOUR SAINTS HOTELS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Four Saints Hotels Limited is a private limited liability company registered in England and Wales. Its registered office address is at 14 -15 Gloddaeth Crescent, Brig Y Don Hotel, Llandudno, Gwynedd, LL30 2XS. 
The company's functional and presentational currency is £ sterling.
The principal activity of the company continued to be that of a hotel operator.

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company has net current liabilities. The controlling party has confirmed that he has the ability and will continue to provide financial support to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Therefore the accounts have been prepared under the going concern basis.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Revenue consists mainly of room rentals and beverage sales. Revenue is recognised when rooms are occupied and beverages are sold.

 
2.4

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
FOUR SAINTS HOTELS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

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 over 5 years to the Statement of Comprehensive Income over its useful economic life.

 
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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Long term leasehold property
-
2% straight line
Fixtures, fittings and equipment
-
20% straight line
Computer 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 the Statement of Comprehensive Income.

 
2.8

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.

 
2.9

Stocks

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

Page 4

 
FOUR SAINTS HOTELS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.10

Pensions

The company contributes to 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 the Statement of Comprehensive Income 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.

  
2.11

Basic financial instruments

The company only enters into transactions that result in the recognition of basic financial assets and basic financial liabilities.
Basic financial assets, such as trade and other debtors, are initially recognised at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade and other creditors, are initially recognised at the transaction price plus attributable transaction costs. Subsequently, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 5

 
FOUR SAINTS HOTELS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.12

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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.13

Dividends

Equity dividends are recognised when they become legally payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2023 - 17).

Page 6

 
FOUR SAINTS HOTELS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
121,354



At 31 October 2024

121,354



Amortisation


At 1 November 2023
36,231


Charge for the year on owned assets
17,194



At 31 October 2024

53,425



Net book value



At 31 October 2024
67,929



At 31 October 2023
85,123



Page 7

 
FOUR SAINTS HOTELS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Long term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
2,688,146
239,366
1,041
2,928,553


Additions
-
75,771
-
75,771



At 31 October 2024

2,688,146
315,137
1,041
3,004,324



Depreciation


At 1 November 2023
158,730
209,771
652
369,153


Charge for the year on owned assets
53,763
9,483
260
63,506


Charge for the year on financed assets
-
2,410
-
2,410



At 31 October 2024

212,493
221,664
912
435,069



Net book value



At 31 October 2024
2,475,653
93,473
129
2,569,255



At 31 October 2023
2,529,416
29,595
389
2,559,400


6.


Debtors

2024
2023
£
£


Other debtors
145,216
88,749

Prepayments and accrued income
13,837
7,420

159,053
96,169


Page 8

 
FOUR SAINTS HOTELS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
74,114
42,247

Other loans
92,240
70,200

Trade creditors
30,483
44,941

Taxation and social security
216,903
137,441

Obligations under finance lease and hire purchase contracts
14,882
-

Other creditors
69,774
62,751

Accruals and deferred income
45,150
26,369

543,546
383,949


Of the bank loans balance due within one year, £53,091 (2023 - £22,247) is secured by way of a debenture over the assets of the company. 
 
Included within other creditors due within one year is an amount of £38,265 (2023 - 28,673) due to the director, S S A Rozek.
The director has provided a personal guarantee of £20,000 as security for a bank loan that totalled £33,482 (2023 - £54,286) at the reporting date. Of this, £21,023 (2023 - £20,000) is included in creditors due within one year and £12,459 (2023 - £34,286) is included in creditors due after more than one year.
Obligations under finance leases and hire purchase contracts are secured on the assets concerned.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,040,050
2,135,094

Other loans
144,930
153,971

Net obligations under finance leases and hire purchase contracts
31,252
-

2,216,232
2,289,065


Other loans includes £120,098 (2023 - £153,971) due to the director, S S A Rozek. These amounts are unsecured. 
Of the bank loans balance falling due after more than one year, £2,027,591 (2023 - £2,100,808) is secured by way of a debenture over the assets of the company.
The director has provided a personal guarantee of £20,000 as security for a bank loan that totalled £33,482 (2023 - £54,286) at the reporting date. Of this, £21,023 (2023 - £20,000) is included in creditors due within one year and £12,459 (2023 - £34,286) is included in creditors due after more than one year.
Obligations under finance leases and hire purchase contracts are secured on the assets concerned.

Page 9

 
FOUR SAINTS HOTELS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
74,114
42,247

Other loans
92,240
70,200


166,354
112,447

Amounts falling due 1-2 years

Bank loans
70,783
68,741

Other loans
24,832
-


95,615
68,741

Amounts falling due 2-5 years

Bank loans
201,431
185,524


201,431
185,524

Amounts falling due after more than 5 years

Bank loans
1,767,836
1,880,829

Other loans
120,098
153,971

1,887,934
2,034,800

2,351,334
2,401,512



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
20,938
-

Between 1-5 years
35,664
-

56,602
-

Page 10

 
FOUR SAINTS HOTELS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Deferred taxation




2024
2023


£

£






At beginning of year
7,496
4,974


Charged to profit or loss
15,334
2,522



At end of year
22,830
7,496

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
22,830
7,496


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



15,000 Ordinary shares of £1 each
15,000
15,000



13.


Pension commitments

The company contributes to 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 £6,731 (2023 - £4,419). Contributions totaling £2,094 (2023 - £2,780) were payable to the fund at the reporting date and are included in creditors.

 
Page 11