REGISTERED NUMBER: 09312392 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

HAREFIELD MANOR HOTEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S S Takhar

Mrs I K Takhar

P S Takhar

REGISTERED OFFICE:

114-116 Goodmayes Road

Ilford

Ilford

Essex

IG3 9UZ

REGISTERED NUMBER:

09312392 (England and Wales)

AUDITORS:

Ashfords Partnership LLP

114-116 Goodmayes Road

Ilford

Esex

IG3 9UZ

FIXED ASSETS

Tangible assets

4

2,720,936

2,812,258

CURRENT ASSETS

Debtors

5

1,328,667

1,358,937

Cash at bank and in hand

153,361

212,459

1,482,028

1,571,396

CREDITORS

Amounts falling due within one year

6

346,451

416,735

NET CURRENT ASSETS

1,135,577

1,154,661

TOTAL ASSETS LESS CURRENT LIABILITIES

3,856,513

3,966,919

CREDITORS

Amounts falling due after more than one year

7

(2,312,795

)

(2,635,801

)

PROVISIONS FOR LIABILITIES

8

(143,852

)

(143,852

)

NET ASSETS

1,399,866

1,187,266

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

1,399,766

1,187,166

SHAREHOLDERS' FUNDS

1,399,866

1,187,266

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 1 September 2025 and were signed on its behalf by:

S S Takhar - Director

1.	STATUTORY INFORMATION

Harefield Manor Hotel 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

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

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.

Going concern

The accounts have been prepared on going concern basis. The directors have concluded that the company will continue to receive adequate financial assistance from the Directors, Bankers and other creditors and fellow subsidiaries.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 July 2023

and 30 June 2024

3,215,495

27,038

241,061

30,380

3,513,974

DEPRECIATION

At 1 July 2023

511,307

15,699

149,684

25,026

701,716

Charge for year

64,305

2,835

22,844

1,338

91,322

At 30 June 2024

575,612

18,534

172,528

26,364

793,038

NET BOOK VALUE

At 30 June 2024

2,639,883

8,504

68,533

4,016

2,720,936

At 30 June 2023

2,704,188

11,339

91,377

5,354

2,812,258

5.

DEBTORS

30.6.24

30.6.23

£

£

Amounts falling due within one year:

Trade debtors

-

44,929

Other debtors

122,817

108,158

122,817

153,087

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,060,850

1,060,850

Amounts owed by associates

145,000

145,000

1,205,850

1,205,850

Aggregate amounts

1,328,667

1,358,937

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

£

Trade creditors

166,161

152,052

Taxation and social security

142,016

225,391

Other creditors

38,274

39,292

346,451

416,735

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.24

30.6.23

£

£

Amounts owed to group undertakings

2,312,795

2,635,801

8.	PROVISIONS FOR LIABILITIES

30.6.24

30.6.23

£

£

Deferred tax

143,852

143,852

Deferred

tax

£

Balance at 1 July 2023

143,852

Balance at 30 June 2024

143,852

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.24

30.6.23

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 July 2023

1,187,166

Profit for the year

212,600

At 30 June 2024

1,399,766

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashok M Shah (Senior Statutory Auditor)

for and on behalf of Ashfords Partnership LLP

12.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous year by the directors, Mr S S Takhar, and Mrs I K Takhar by virtue of their ownership of the majority issued share capital of SIP Group Limited, the parent company.