SCP Newbury Manor Limited 08988417 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of a hotel owner. Digita Accounts Production Advanced 6.30.9574.0 true false true 08988417 2024-01-01 2024-12-31 08988417 2024-12-31 08988417 bus:OrdinaryShareClass1 2024-12-31 08988417 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 08988417 core:Goodwill 2024-12-31 08988417 core:PlantMachinery 2024-12-31 08988417 bus:SmallEntities 2024-01-01 2024-12-31 08988417 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08988417 bus:FilletedAccounts 2024-01-01 2024-12-31 08988417 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08988417 bus:RegisteredOffice 2024-01-01 2024-12-31 08988417 bus:Director1 2024-01-01 2024-12-31 08988417 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 08988417 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08988417 core:ConstructionInProgressAssetsUnderConstruction 2024-01-01 2024-12-31 08988417 1 2024-01-01 2024-12-31 08988417 countries:EnglandWales 2024-01-01 2024-12-31 08988417 2023-12-31 08988417 core:Goodwill 2023-12-31 08988417 core:PlantMachinery 2023-12-31 08988417 2023-01-01 2023-12-31 08988417 2023-12-31 08988417 bus:OrdinaryShareClass1 2023-12-31 08988417 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08988417 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08988417

SCP Newbury Manor Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

SCP Newbury Manor Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

SCP Newbury Manor Limited

(Registration number: 08988417)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

-

Tangible assets

5

2,623,104

2,623,104

Current assets

 

Debtors

6

12,452

39,744

Cash at bank and in hand

 

16,586

1,055

 

29,038

40,799

Creditors: Amounts falling due within one year

7

(6,004,808)

(5,837,248)

Net current liabilities

 

(5,975,770)

(5,796,449)

Net liabilities

 

(3,352,666)

(3,173,345)

Capital and reserves

 

Called up share capital

8

1

1

Profit and loss account

(3,352,667)

(3,173,346)

Shareholders' deficit

 

(3,352,666)

(3,173,345)

For the financial year ending 31 December 2024 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 his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 12 August 2025
 

.........................................
A P Bradshaw
Director

 

SCP Newbury Manor Limited

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

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:
23 Beaumont Mews
First Floor
London
W1G 6EN
England

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.

The functional and presentational currency of the company is the pound sterling rounded to the nearest pound.

Going concern

As at 31 December 2024, the Company had net liabilities of £3,352,666. The director anticipates future funding being obtained from the Parent Company, Mudlark Hotels Limited, in order for the Company to meet its liabilities as they fall due. The Parent Company has indicated that it is willing to provide the Company with such funding as is necessary in order for the Company to meet its liabilities as they fall due for the forseeable future, being at least one year from the date of approval of the financial statements.

The Parent Company, Mudlark Hotels Limited, has also confirmed, in writing, that it will not require payment of the intercompany loan within 12 months from the date of approval of the financial statements unless there are sufficient funds to be able to do so.

On this basis, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future and continues to adopt the going concern basis in preparing the financial statements.

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.

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.

 

SCP Newbury Manor Limited

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

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

Assets under development

Not depreciated

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.

Debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

SCP Newbury Manor Limited

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2024

275,003

275,003

At 31 December 2024

275,003

275,003

Amortisation

At 1 January 2024

275,003

275,003

At 31 December 2024

275,003

275,003

Carrying amount

At 31 December 2024

-

-

5

Tangible assets

Assets under development
£

Total
£

Cost or valuation

At 1 January 2024

2,623,104

2,623,104

At 31 December 2024

2,623,104

2,623,104

Depreciation

Carrying amount

At 31 December 2024

2,623,104

2,623,104

At 31 December 2023

2,623,104

2,623,104

6

Debtors

2024
£

2023
£

Trade debtors

-

3,600

Prepayments

-

35,697

Other debtors

12,452

447

12,452

39,744

 

SCP Newbury Manor Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

89,086

135,985

Amounts owed to related parties

10

5,895,051

5,650,815

Other creditors

 

20,671

50,448

 

6,004,808

5,837,248

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £7,500 (2023 - £7,500).

10

Related party transactions

Summary of transactions with other related parties

CCO Cygnet Limited

At the year end, SCP Newbury Manor Limited owed £3,924 (2023: £3,924) to CCO Cygnet Limited, a company related by virtue of common control and directors in common.

Rare Bird Hotels Limited

SCP Newbury Manor Limited owed £2,520 (2023: £2,520) to Rare Bird Hotels Limited at the year end, a company related by virtue of common control and directors in common.

11

Parent and ultimate parent undertaking

The company's immediate parent is Mudlark Hotels Limited, incorporated in England and Wales.

 The ultimate parent is Xercise 2 Limited, incorporated in England and Wales.

 The ultimate controlling party is H Osmond.