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REGISTERED NUMBER: 06350256 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Nikolas Hotels Limited

Nikolas Hotels Limited (Registered number: 06350256)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nikolas Hotels Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J Jones
Mrs A Jones





SECRETARY: J Jones





REGISTERED OFFICE: Yalbury Cottage Hotel
Lower Bockhampton
Dorchester
Dorset
DT2 8PZ





REGISTERED NUMBER: 06350256 (England and Wales)





ACCOUNTANTS: Turner & Co
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

Nikolas Hotels Limited (Registered number: 06350256)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,333 30,333
Tangible assets 5 636,143 636,917
659,476 667,250

CURRENT ASSETS
Stocks 8,560 8,560
Debtors 6 2,151 244,326
Cash at bank and in hand 50 12,076
10,761 264,962
CREDITORS
Amounts falling due within one year 7 218,421 191,042
NET CURRENT (LIABILITIES)/ASSETS (207,660 ) 73,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

451,816

741,170

CREDITORS
Amounts falling due after more than
one year

8

303,627

329,528
NET ASSETS 148,189 411,642

Nikolas Hotels Limited (Registered number: 06350256)

Balance Sheet - continued
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 189,128 189,128
Retained earnings (41,039 ) 222,414
SHAREHOLDERS' FUNDS 148,189 411,642

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 28 July 2025 and were signed on its behalf by:





J Jones - Director


Nikolas Hotels Limited (Registered number: 06350256)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Nikolas Hotels 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 2007, 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 - 33% on cost and 25% on cost

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


Nikolas Hotels Limited (Registered number: 06350256)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

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 39 (2023 - 26 ) .

Nikolas Hotels Limited (Registered number: 06350256)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 140,000
AMORTISATION
At 1 September 2023 109,667
Charge for year 7,000
At 31 August 2024 116,667
NET BOOK VALUE
At 31 August 2024 23,333
At 31 August 2023 30,333

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 631,365 196,449 827,814
Additions - 1,360 1,360
At 31 August 2024 631,365 197,809 829,174
DEPRECIATION
At 1 September 2023 - 190,897 190,897
Charge for year - 2,134 2,134
At 31 August 2024 - 193,031 193,031
NET BOOK VALUE
At 31 August 2024 631,365 4,778 636,143
At 31 August 2023 631,365 5,552 636,917

Nikolas Hotels Limited (Registered number: 06350256)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 September 2023
and 31 August 2024 5,019
DEPRECIATION
At 1 September 2023
and 31 August 2024 5,019
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.24 31.8.23
£    £   
Other debtors 2,151 244,326

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 31,689 5,000
Payments on account 8,804 28,154
Trade creditors 3,590 168
Taxation and social security 99,904 99,357
Other creditors 74,434 58,363
218,421 191,042

Nikolas Hotels Limited (Registered number: 06350256)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 303,627 329,528

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 294,339 320,778

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 313,345 334,528

The bank mortgage is repayable over 30 years.

10. ULTIMATE CONTROLLING PARTY

The directors are the controlling parties by virtue of their share holding.