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REGISTERED NUMBER: 04565843 (England and Wales)










The Kinmel Hotel Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024






The Kinmel Hotel Limited (Registered number: 04565843)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Kinmel Hotel Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: Mr T C Morpeth
Mr T M G Morpeth





SECRETARY: Mr T C Morpeth





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 04565843 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

The Kinmel Hotel Limited (Registered number: 04565843)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,003,272 859,390
1,003,272 859,390

CURRENT ASSETS
Stocks 38,920 28,450
Debtors 6 71,297 80,208
Cash at bank and in hand 1,379,953 1,839,630
1,490,170 1,948,288
CREDITORS
Amounts falling due within one year 7 610,500 855,579
NET CURRENT ASSETS 879,670 1,092,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,882,942

1,952,099

CREDITORS
Amounts falling due after more than one
year

8

(109,113

)

(136,911

)

PROVISIONS FOR LIABILITIES (49,615 ) (22,424 )
NET ASSETS 1,724,214 1,792,764

CAPITAL AND RESERVES
Called up share capital 9 1,200 1,200
Retained earnings 10 1,723,014 1,791,564
SHAREHOLDERS' FUNDS 1,724,214 1,792,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 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 24 June 2025 and were signed on its behalf by:



Mr T M G Morpeth - Director


The Kinmel Hotel Limited (Registered number: 04565843)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

The Kinmel Hotel 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.

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 2003, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

The Kinmel Hotel Limited (Registered number: 04565843)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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 98 (2023 - 93 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 782,618
AMORTISATION
At 1 November 2023
and 31 October 2024 782,618
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 3,027,912
Additions 320,439
At 31 October 2024 3,348,351
DEPRECIATION
At 1 November 2023 2,168,522
Charge for year 176,557
At 31 October 2024 2,345,079
NET BOOK VALUE
At 31 October 2024 1,003,272
At 31 October 2023 859,390

The Kinmel Hotel Limited (Registered number: 04565843)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 76,971
DEPRECIATION
At 1 November 2023 71,793
Charge for year 1,295
At 31 October 2024 73,088
NET BOOK VALUE
At 31 October 2024 3,883
At 31 October 2023 5,178

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,491 77,488
Other debtors 34,806 2,720
71,297 80,208

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Deposits received 193,326 185,166
Trade creditors 66,833 65,602
Taxation and social security 108,960 238,510
Other creditors 230,733 355,653
610,500 855,579

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,571 17,626
Other creditors 101,542 119,285
109,113 136,911

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary A £1 1,000 1,000
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
1,200 1,200

The Kinmel Hotel Limited (Registered number: 04565843)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

10. RESERVES
Retained
earnings
£   

At 1 November 2023 1,791,564
Deficit for the year (26,330 )
Dividends (42,220 )
At 31 October 2024 1,723,014

11. RELATED PARTY DISCLOSURES

During the year the company paid rent to Mr T C Morpeth and Mr T M G Morpeth, directors of the company, the rent paid was determined on an arms length basis. The total rent paid for the year was £50,000 (2023 - £50,000).