Bacchus Hotel Limited 04894155 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is that of a hotel. This remains unchanged since last year Digita Accounts Production Advanced 6.30.9574.0 true 04894155 2023-11-01 2024-10-31 04894155 2024-10-31 04894155 bus:OrdinaryShareClass1 2024-10-31 04894155 bus:OrdinaryShareClass2 2024-10-31 04894155 core:RetainedEarningsAccumulatedLosses 2024-10-31 04894155 core:ShareCapital 2024-10-31 04894155 core:CurrentFinancialInstruments 2024-10-31 04894155 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 04894155 core:Goodwill 2024-10-31 04894155 core:FurnitureFittingsToolsEquipment 2024-10-31 04894155 core:LandBuildings 2024-10-31 04894155 bus:SmallEntities 2023-11-01 2024-10-31 04894155 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 04894155 bus:FilletedAccounts 2023-11-01 2024-10-31 04894155 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04894155 bus:RegisteredOffice 2023-11-01 2024-10-31 04894155 bus:Director1 2023-11-01 2024-10-31 04894155 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 04894155 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 04894155 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04894155 core:Goodwill 2023-11-01 2024-10-31 04894155 core:FurnitureFittings 2023-11-01 2024-10-31 04894155 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 04894155 core:LandBuildings 2023-11-01 2024-10-31 04894155 core:LeaseholdImprovements 2023-11-01 2024-10-31 04894155 countries:England 2023-11-01 2024-10-31 04894155 2023-10-31 04894155 core:Goodwill 2023-10-31 04894155 core:FurnitureFittingsToolsEquipment 2023-10-31 04894155 core:LandBuildings 2023-10-31 04894155 2022-11-01 2023-10-31 04894155 2023-10-31 04894155 bus:OrdinaryShareClass1 2023-10-31 04894155 bus:OrdinaryShareClass2 2023-10-31 04894155 core:RetainedEarningsAccumulatedLosses 2023-10-31 04894155 core:ShareCapital 2023-10-31 04894155 core:CurrentFinancialInstruments 2023-10-31 04894155 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 04894155 core:FurnitureFittingsToolsEquipment 2023-10-31 04894155 core:LandBuildings 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04894155

Bacchus Hotel Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Bacchus Hotel Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Bacchus Hotel Limited

(Registration number: 04894155)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

686,405

582,649

Current assets

 

Stocks

7,850

7,450

Debtors

6

5,567

5,555

Cash at bank and in hand

 

1,845,806

1,759,705

 

1,859,223

1,772,710

Creditors: Amounts falling due within one year

7

(266,105)

(225,616)

Net current assets

 

1,593,118

1,547,094

Total assets less current liabilities

 

2,279,523

2,129,743

Provisions for liabilities

(117,533)

(96,857)

Net assets

 

2,161,990

2,032,886

Capital and reserves

 

Called up share capital

8

400

400

Retained earnings

2,161,590

2,032,486

Shareholders' funds

 

2,161,990

2,032,886

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 July 2025 and signed on its behalf by:


Mr D P Smith (Director)

   
 

Bacchus Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
9a School Lane
Appleby
Brigg
North Lincolnshire
DN15 0AL

Registration number: 04894155

The principal place of business is:
17 The High Street
Sutton on Sea
Lincolnshire
LN12 2EY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Bacchus Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% Straight Line

Long leasehold land and buildings

4% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Bacchus Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 28 (2023 - 26).

 

Bacchus Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2023

170,000

170,000

At 31 October 2024

170,000

170,000

Amortisation

At 1 November 2023

170,000

170,000

At 31 October 2024

170,000

170,000

Carrying amount

At 31 October 2024

-

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

655,877

117,178

773,055

Additions

135,874

-

135,874

At 31 October 2024

791,751

117,178

908,929

Depreciation

At 1 November 2023

78,017

112,389

190,406

Charge for the year

30,743

1,375

32,118

At 31 October 2024

108,760

113,764

222,524

Carrying amount

At 31 October 2024

682,991

3,414

686,405

At 31 October 2023

577,860

4,789

582,649

Included within the net book value of land and buildings above is £682,991 (2023 - £577,860) in respect of long leasehold land and buildings.
 

6

Debtors

 

Bacchus Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Current

2024
£

2023
£

Prepayments

5,567

5,555

 

5,567

5,555

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade payables

 

-

172

Amounts due to related parties

97,823

129,148

Social security and other taxes

 

138,761

69,722

Other payables

 

29,521

26,574

 

266,105

225,616

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary A shares of £1 each

300

300

300

300

400

400

400

400