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Registration number: 02957442

New Loretta Hotel Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

New Loretta Hotel Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

New Loretta Hotel Limited

Company Information

Director

P Juneja

Registered office

Deganwy Avenue
Llandudno
Conwy
LL30 2YB

Accountants

Aston Hughes & Co
Chartered AccountantsSelby Towers
29 Princes Drive
Colwyn Bay
LL29 8PE

 

New Loretta Hotel Limited

(Registration number: 02957442)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

281,876

281,876

Current assets

 

Stocks

5

11,710

5,895

Debtors

6

9,162

7,983

Cash at bank and in hand

 

71,665

41,224

 

92,537

55,102

Creditors: Amounts falling due within one year

7

(456,383)

(491,361)

Net current liabilities

 

(363,846)

(436,259)

Total assets less current liabilities

 

(81,970)

(154,383)

Creditors: Amounts falling due after more than one year

7

(144,839)

(159,839)

Net liabilities

 

(226,809)

(314,222)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(226,909)

(314,322)

Shareholders' deficit

 

(226,809)

(314,222)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 July 2025
 

 

New Loretta Hotel Limited

(Registration number: 02957442)
Balance Sheet as at 28 February 2025

.........................................
P Juneja
Director

 

New Loretta Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

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

The address of its registered office is:
Deganwy Avenue
Llandudno
Conwy
LL30 2YB

These financial statements were authorised for issue by the director on 28 July 2025.

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).

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 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.

 

New Loretta Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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

Plant and machinery

variable rates on reducing balance

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 22 (2024 - 21).

 

New Loretta Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2024

281,876

30,327

312,203

At 28 February 2025

281,876

30,327

312,203

Depreciation

At 1 March 2024

-

30,327

30,327

At 28 February 2025

-

30,327

30,327

Carrying amount

At 28 February 2025

281,876

-

281,876

At 29 February 2024

281,876

-

281,876

Included within the net book value of land and buildings above is £281,876 (2024 - £281,876) in respect of freehold land and buildings.
 

5

Stocks

2025
£

2024
£

Other inventories

11,710

5,895

6

Debtors

Current

2025
£

2024
£

Trade debtors

9,162

7,983

 

9,162

7,983

 

New Loretta Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

392,093

404,731

Trade creditors

 

30,922

59,490

Taxation and social security

 

20,161

20,924

Other creditors

 

13,207

6,216

 

456,383

491,361

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

144,839

159,839

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

144,839

159,839

Current loans and borrowings

 

New Loretta Hotel Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

2025
£

2024
£

Bank borrowings

13,107

23,289

Other borrowings

378,986

381,442

392,093

404,731

10

Related party transactions

Summary of transactions with other related parties

Chatsworth Hotel (Llandudno) Limited
Chatsworth House Hotel Limited
Baytree Hotel Limited
Loans

Loans from related parties

2025

Other related parties
£

Total
£

At start of period

381,442

381,442

Repaid

(2,456)

(2,456)

At end of period

378,986

378,986

2024

Other related parties
£

Total
£

At start of period

377,851

377,851

Advanced

3,591

3,591

At end of period

381,442

381,442