The Cotswold House Hotel Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03782744 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE COTSWOLD HOUSE HOTEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Locke

REGISTERED OFFICE:

40 High Street

Northwood

Middlesex

HA6 1BN

REGISTERED NUMBER:

03782744 (England and Wales)

ACCOUNTANTS:

Sage & Co

Chartered Accountants

40 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Tangible assets

4

13,572,907

13,726,208

CURRENT ASSETS

Debtors

5

948,033

1,007,133

Cash at bank

528,011

437,087

1,476,044

1,444,220

CREDITORS

Amounts falling due within one year

6

8,547,872

8,509,955

NET CURRENT LIABILITIES

(7,071,828

)

(7,065,735

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,501,079

6,660,473

PROVISIONS FOR LIABILITIES

1,150,000

NET ASSETS

5,351,079

5,510,473

CAPITAL AND RESERVES

Called up share capital

7

280,000

Share premium

45,000

Revaluation reserve

8

6,213,982

6,257,411

Capital redemption reserve

600,000

Retained earnings

(1,787,903

)

(1,671,938

)

SHAREHOLDERS' FUNDS

5,351,079

5,510,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

S Locke - Director

1.	STATUTORY INFORMATION

The Cotswold House 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.

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

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 as modified by the revaluation of certain assets.

The company has been funded by an interest free loan from its parent company. The amount owed at the balance sheet date was £8,257,931 and is included in current liabilities. There are no fixed repayment terms and the parent company is not expected to request repayments until the company's cash flow allows. Due to this parent company support, the director believes it is appropriate to continue preparing the financial statements on a going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

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

Freehold properties

-

2% on cost

Fixtures and fittings

-

20% on reducing balance

Land and buildings are stated at cost (or deemed cost for land and buildings held at valuation at the date of transition to FRS 102) less accumulated depreciation and any accumulated impairment losses.

The company previously adopted a policy of revaluing land and buildings and these were stated at their revalued amount less any subsequent depreciation. The company has adopted the transition exemption under FRS 102 paragraph 35.10(d) and has elected to use the previous revaluation as deemed cost.

The difference between depreciation based on the deemed cost charged in the profit and loss account and the asset's original cost is transferred from revaluation reserve to retained earnings.

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.

Other operating income

Rent receivable in respect of the company's hotel properties is included in other operating income.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Cash and cash equivalent

Cash and cash equivalent include cash in hand and deposits held at call with bank.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

properties

fittings

Totals

£

COST OR VALUATION

At 1 January 2024

16,376,084

268,271

16,644,355

Additions

-

37,967

At 31 December 2024

16,376,084

306,238

16,682,322

DEPRECIATION

At 1 January 2024

2,700,450

217,697

2,918,147

Charge for year

173,560

17,708

191,268

At 31 December 2024

2,874,010

235,405

3,109,415

NET BOOK VALUE

At 31 December 2024

13,502,074

70,833

13,572,907

At 31 December 2023

13,675,634

50,574

13,726,208

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

and

properties

fittings

Totals

£

Valuation in 2007

12,950,251

-

12,950,251

Cost

3,425,833

306,238

3,732,071

16,376,084

306,238

16,682,322

If the freehold properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

Cost

8,406,546

Aggregate depreciation

2,749,307

2,619,176

The company's freehold hotel properties were valued in September 2007 at £14,450,000 by Edward Symmons, chartered surveyors. Their valuation basis was market value inclusive of goodwill, fixtures and fittings and the value attributed to these assets by the directors was equal to the net book amounts of those assets as at that date. In accordance with FRS 102, this valuation has not been updated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

-

19,539

Other debtors

948,033

Prepayments and accrued income

-

39,561

948,033

1,007,133

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed to group undertak

ings

8,257,931

Trade creditors

21,432

4,719

Tax

-

9,391

VAT

6,713

8,051

Other creditors

226,105

Accruals and deferred income

35,691

3,758

8,547,872

8,509,955

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

280,000

Ordinary

£1

280,000

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

6,257,411

Transfer

(43,429

)

At 31 December 2024

6,213,982