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REGISTERED NUMBER: 11077012 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Isle Of Wight Hospitality Ltd

Isle Of Wight Hospitality Ltd (Registered number: 11077012)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Isle Of Wight Hospitality Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: C M Loder
V E Beurois



REGISTERED OFFICE: 19 Esplanade
Shanklin
Isle of Wight
PO37 6BN



REGISTERED NUMBER: 11077012 (England and Wales)



ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP



BANKERS: Lloyds Bank

Isle Of Wight Hospitality Ltd (Registered number: 11077012)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,220 137,129

CURRENT ASSETS
Stocks 13,000 -
Debtors 5 45,808 44,237
Cash at bank and in hand 40,070 69,692
98,878 113,929
CREDITORS
Amounts falling due within one year 6 43,514 58,565
NET CURRENT ASSETS 55,364 55,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,584

192,493

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 178,574 192,483
SHAREHOLDERS' FUNDS 178,584 192,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Isle Of Wight Hospitality Ltd (Registered number: 11077012)

Balance Sheet - continued
30 November 2024


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 26 June 2025 and were signed on its behalf by:




V E Beurois - Director



C M Loder - Director


Isle Of Wight Hospitality Ltd (Registered number: 11077012)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Isle Of Wight Hospitality Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 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.

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

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.

Isle Of Wight Hospitality Ltd (Registered number: 11077012)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 170,834 76,628 247,462
Additions - 5,249 5,249
At 30 November 2024 170,834 81,877 252,711
DEPRECIATION
At 1 December 2023 68,334 41,999 110,333
Charge for year 11,389 7,769 19,158
At 30 November 2024 79,723 49,768 129,491
NET BOOK VALUE
At 30 November 2024 91,111 32,109 123,220
At 30 November 2023 102,500 34,629 137,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 1,548 387
Other debtors 44,260 43,850
45,808 44,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 8,287 4,335
Taxation and social security 33,262 52,264
Other creditors 1,965 1,966
43,514 58,565