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Registration number: 10652999

APN Hotel Group Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2025

 

APN Hotel Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

APN Hotel Group Limited

(Registration number: 10652999)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

           

Fixed assets

   

 

Tangible assets

4

 

143,634

 

154,082

Current assets

   

 

Stocks

5

5,994

 

4,349

 

Debtors

6

297,721

 

32,146

 

Cash at bank and in hand

 

57,414

 

217,685

 

 

361,129

 

254,180

 

Creditors: Amounts falling due within one year

7

(466,537)

 

(353,542)

 

Net current liabilities

   

(105,408)

 

(99,362)

Total assets less current liabilities

   

38,226

 

54,720

Provisions for liabilities

 

(34,110)

 

(38,521)

Net assets

   

4,116

 

16,199

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

4,016

 

16,099

 

Total equity

   

4,116

 

16,199

For the financial year ending 31 March 2025 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 27 August 2025 and signed on its behalf by:
 

.........................................
Mr M. Rothwell
Director

.........................................
Mr T.G. Kernachan
Director

 
     
 

APN Hotel Group Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 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:
34 Wellington Street
Leeds
LS1 2DE

These financial statements were authorised for issue by the Board on 27 August 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

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 and it is probable that future economic benefits will flow to the company.

Tax

The tax expense for the period comprises 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.

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.

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

 

APN Hotel Group Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

Tangible assets

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

Depreciation

Depreciation is charged so as to write off the cost of assets as follows:

Asset class

Depreciation method and rate

Fixtures and equipment

25% 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.

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.

Share capital

Ordinary shares are classified as equity.

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 34 (2024 - 36).

 

APN Hotel Group Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

334,594

334,594

Additions

37,431

37,431

At 31 March 2025

372,025

372,025

Depreciation

At 1 April 2024

180,512

180,512

Charge for the year

47,879

47,879

At 31 March 2025

228,391

228,391

Carrying amount

At 31 March 2025

143,634

143,634

At 31 March 2024

154,082

154,082

5

Stocks

2025
£

2024
£

Other inventories

5,994

4,349

6

Debtors

Debtors: amounts falling due within one year

2025
£

2024
£

Trade debtors

 

9,571

1,752

Amounts owed by group undertakings

120,000

14,298

Prepayments

 

17,925

16,096

Other debtors

 

150,225

-

   

297,721

32,146

The company is related to All Property Management Limited by virtue of the common shareholding of Mr M. Rothwell and Mr T.G. Kernachan.

Other debtors include a loan from All Property Management Limited in the amount of £150,000 (2024 £nil). The loan is interest free, unsecured and repayable on demand.

 

APN Hotel Group Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Trade creditors

167,487

76,411

Amounts owed to group undertakings

117,498

-

Taxation and social security

40,025

52,581

Other creditors

141,527

224,550

466,537

353,542

The company is related to All Property Management Limited by virtue of the common shareholding of Mr M. Rothwell and Mr T.G. Kernachan.

Other creditors include a loan from All Property Management Limited in the amount of £nil (2024 £114,227). The loan is unsecured, interest free and repayable on demand by the company.

8

Parent and ultimate parent undertaking

The company's immediate parent is APN Holdings Ltd, incorporated in England and Wales.