COMPANY REGISTRATION NUMBER:
06013548
|
Ashley Hotels Operations Limited |
|
|
Filleted Financial Statements |
|
|
Ashley Hotels Operations Limited |
|
|
Statement of Financial Position (continued) |
|
31 December 2024
Capital and reserves
|
Called up share capital |
|
1 |
1 |
|
Profit and loss account |
|
(
81,207) |
– |
|
|
-------- |
---- |
|
Shareholders (deficit)/funds |
|
(
81,206) |
1 |
|
|
-------- |
---- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
26 September 2025
, and are signed on behalf of the board by:
Company registration number:
06013548
|
Ashley Hotels Operations Limited |
|
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 65-67 Belgrave Road, London, SW1V 2BG. The company changed its name from White Hart Hotel Salisbury Limited on 30 March 2024.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Going concern
The company has made a loss for the year and has net liabilities at the balance sheet date but has received support from its parent company. Accordingly the Directors have prepared the financial statements on a going concern basis.
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. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as disclosed in the notes to the financial statements. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as disclosed in the notes to the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
46
(2023: Nil).
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
– |
1 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
12,434 |
– |
|
Other debtors |
46,388 |
– |
|
-------- |
---- |
|
58,822 |
1 |
|
-------- |
---- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
6,946 |
– |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
72,889 |
– |
|
Social security and other taxes |
63,329 |
– |
|
Other creditors |
67,498 |
– |
|
--------- |
---- |
|
210,662 |
– |
|
--------- |
---- |
|
|
|
7.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2024 |
2023 |
|
£ |
£ |
|
Not later than 1 year |
310,000 |
– |
|
Later than 1 year and not later than 5 years |
1,046,250 |
– |
|
------------ |
---- |
|
1,356,250 |
– |
|
------------ |
---- |
|
|
|
8.
Summary audit opinion
The auditor's report dated
29 September 2025
was
unqualified
.
The senior statutory auditor was
Jonathan Day
, for and on behalf of
Streets Audit LLP
.
9.
Related party transactions
The company has taken advantage of the exemption available under FRS102 from reporting transactions with other members of the Ashley Hotels (Holdings) Limited group.
10.
Controlling party
The ultimate and immediate parent company is Ashley Hotels (Holdings) Limited, a company registered in England and Wales. The address of the registered office is 65-67 Belgrave Road, London, SW1V 2BG. Copies of the consolidated financial statements of Ashley Hotels (Holdings) Limited may be obtained from the registered office. There is no ultimate controlling party.