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REGISTERED NUMBER: 00681667 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2025

for

Imperial Hotel(Gt.Yarmouth)Limited

Imperial Hotel(Gt.Yarmouth)Limited (Registered number: 00681667)

Contents of the Financial Statements
for the Year Ended 30 April 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


Imperial Hotel(Gt.Yarmouth)Limited (Registered number: 00681667)

Balance Sheet
30 April 2025

2025 2024
Notes £ £
Fixed assets
Intangible assets 5 2,904 3,227
Tangible assets 6 1,486,756 1,506,953
1,489,660 1,510,180

Current assets
Stocks 35,759 31,895
Debtors 7 73,795 40,511
Cash at bank and in hand 181,784 223,499
291,338 295,905
Creditors
Amounts falling due within one year 8 (379,643 ) (356,501 )
Net current liabilities (88,305 ) (60,596 )
Total assets less current liabilities 1,401,355 1,449,584

Creditors
Amounts falling due after more than one
year

9

-

(99,000

)

Provisions for liabilities (219,572 ) (223,970 )
Net assets 1,181,783 1,126,614

Imperial Hotel(Gt.Yarmouth)Limited (Registered number: 00681667)

Balance Sheet - continued
30 April 2025

2025 2024
Notes £ £
Capital and reserves
Called up share capital 10 23,528 12,635
Share premium 11 89,323 -
Retained earnings 11 1,068,932 1,113,979
Shareholders' funds 1,181,783 1,126,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:




Mr G C Smith - Director



Mr G W Wynes - Director


Imperial Hotel(Gt.Yarmouth)Limited (Registered number: 00681667)

Notes to the Financial Statements
for the Year Ended 30 April 2025


1. Statutory information

Imperial Hotel(Gt.Yarmouth)Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00681667

Registered office: 13/15 North Drive
Great Yarmouth
Norfolk
NR30 1EQ

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Imperial Hotel(Gt.Yarmouth)Limited (Registered number: 00681667)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Imperial Hotel(Gt.Yarmouth)Limited (Registered number: 00681667)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Fixtures and fittings -10% on cost

Freehold land and property is not depreciated.

Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that assets as follows:-

Website - 10% reducing balance

Employee ownership trust
The company established the Imperial Hotel (Gt. Yarmouth) OAT Trustee Company Limited to enable shares in the company to be held by the trustees for the benefit of the company's employees. Distributions made to the company are treated as gifts to the trust so that the trust can meet its obligations.

4. Employees and directors

The average number of employees during the year was 53 (2024 - 67 ) .

Imperial Hotel(Gt.Yarmouth)Limited (Registered number: 00681667)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


5. Intangible fixed assets
Website
£
Cost
At 1 May 2024
and 30 April 2025 6,750
Amortisation
At 1 May 2024 3,523
Amortisation for year 323
At 30 April 2025 3,846
Net book value
At 30 April 2025 2,904
At 30 April 2024 3,227

6. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 May 2024 1,146,943 345,124 1,177,621 31,012 2,700,700
Additions - 11,854 6,060 - 17,914
Disposals - (1,325 ) (496 ) - (1,821 )
At 30 April 2025 1,146,943 355,653 1,183,185 31,012 2,716,793
Depreciation
At 1 May 2024 - 186,453 982,166 25,128 1,193,747
Charge for year - 15,749 19,709 1,177 36,635
Eliminated on disposal - (142 ) (203 ) - (345 )
At 30 April 2025 - 202,060 1,001,672 26,305 1,230,037
Net book value
At 30 April 2025 1,146,943 153,593 181,513 4,707 1,486,756
At 30 April 2024 1,146,943 158,671 195,455 5,884 1,506,953

7. Debtors: amounts falling due within one year
2025 2024
£ £
Trade debtors 15,038 18,362
Other debtors 58,757 22,149
73,795 40,511

Imperial Hotel(Gt.Yarmouth)Limited (Registered number: 00681667)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


8. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 100,605 69,542
Taxation and social security 122,656 118,709
Other creditors 156,382 168,250
379,643 356,501

9. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors - 99,000

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
11,528 Ordinary A Shares £1 22,893 12,000
12,000 Ordinary B Shares £1 635 635
23,528 12,635

10,893 Ordinary A Shares shares of £1 each were allotted as fully paid at a premium of £8.20 per share during the year.

11. Reserves
Retained Share
earnings premium Totals
£ £ £

At 1 May 2024 1,113,979 - 1,113,979
Profit for the year 153,952 153,952
Dividends (10,000 ) (10,000 )
A shares issued - 89,323 89,323
Non income distribution (188,999 ) - (188,999 )
At 30 April 2025 1,068,932 89,323 1,158,255

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

During the year the company exercised the option to increase the ordinary A shares by 10,893 £1 shares.

Imperial Hotel(Gt.Yarmouth)Limited (Registered number: 00681667)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


12. Related party disclosure

On 5 April 2023 all of the issued ordinary A shares of the company were acquired by Imperial Hotel (Gt. Yarmouth) EOT Trustee Company Limited (the " trust"). The trust holds shares for the benefit of the company's current and future employees.

During the year the company made transfers to the Employees Company Trust totalling £189,000 (2024 : £199,221).

13. Security

The company has provided security to the former owners of Imperial Hotel (Gt. Yarmouth) Limited Mr and Mrs Mobbs by way of a fixed and floating charge over the assets on behalf of the Employee Ownership Trust.