Ashley Hotels Rockingham Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09636030

Ashley Hotels Rockingham Limited

Filleted Financial Statements

For the year ended

31 December 2024

Ashley Hotels Rockingham Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		–	3,477,081

Current assets

Stocks		–	12,423
Debtors	7	1,516,178	45,554
Cash at bank and in hand		6,845	28,566
		------------	--------
		1,523,023	86,543

Creditors: amounts falling due within one year	8	14,489		2,124,969
		------------		------------
Net current assets/(liabilities)			1,508,534	( 2,038,426)
			------------	------------
Total assets less current liabilities			1,508,534	1,438,655

Provisions

Taxation including deferred tax	–	329,984
	------------	------------
Net assets	1,508,534	1,108,671
	------------	------------

Ashley Hotels Rockingham Limited

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£

Capital and reserves

Called up share capital	1	1
Revaluation reserve	–	1,157,153
Profit and loss account	1,508,533	( 48,483)
	------------	------------
Shareholders funds	1,508,534	1,108,671
	------------	------------

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 comprehensive income 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:

Z Hirji

Director

Company registration number: 09636030

Ashley Hotels Rockingham 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's principal trading address is Best Western Rockingham Forest, Rockingam road, Corby NN17 1AE.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Going concern

During the year, the company has disposed of the trade and assets. The directors therefore consider it appropriate to prepare the financial statements on a basis other than going concern. This basis includes, where applicable, writing down the company's assets to a net realisable value and providing for any contracts which have become onerous as necessary at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

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 detailed 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 follows: 1 Depreciation charge The annual depreciation charge for each class of tangible fixed asset is based on an estimate of the useful economic life of the respective assets. This is reviewed periodically by the directors to ensure that they reflect both the external and internal factors. 2 Valuation of property and land The directors deem the carrying amount of the property to be the market value at the balance sheet date. This is increased (on a pro rated basis) following any revaluation. 3 Deferred Tax Deferred Tax has been calculated at 25% on the basis that this is the future rate of corporation tax substantively enacted.

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 income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

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 asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible 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.

Depreciation

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:

Freehold property	-	2% straight line
Plant and machinery	-	15% straight line
Fixtures and fittings	-	15% straight line

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 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. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 25 (2023: 38 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024	625,000
Additions	–
Disposals of previously acquired businesses	( 625,000)
	---------
At 31 December 2024	–
	---------
Amortisation
At 1 January 2024	625,000
Charge for the year	–
Disposals of previously acquired businesses	( 625,000)
	---------
At 31 December 2024	–
	---------
Carrying amount
At 31 December 2024	–
	---------
At 31 December 2023	–
	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 January 2024	3,633,741	761,954	135,837	4,531,532
Disposals	( 3,633,741)	( 761,954)	( 135,837)	( 4,531,532)
	------------	---------	---------	------------
At 31 December 2024	–	–	–	–
	------------	---------	---------	------------
Depreciation
At 1 January 2024	321,385	605,593	127,473	1,054,451
Charge for the year	40,422	37,648	2,502	80,572
Disposals	( 361,807)	( 643,241)	( 129,975)	( 1,135,023)
	------------	---------	---------	------------
At 31 December 2024	–	–	–	–
	------------	---------	---------	------------
Carrying amount
At 31 December 2024	–	–	–	–
	------------	---------	---------	------------
At 31 December 2023	3,312,356	156,361	8,364	3,477,081
	------------	---------	---------	------------

The freehold land & buildings were revalued in March 2021 by Colliers International Property Consultants Limited, Chartered Surveyors and Property Consultants, on the basis of open market value. The property was disposed of in full in the year. Included in freehold property is freehold land at a value of £nil (2023 - £530,000) which is not depreciated. The cost of the land was £400,000.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 31 December 2024
Aggregate cost	–
Aggregate depreciation	–
	----
Carrying value	–
	----

At 31 December 2023
Aggregate cost	2,142,285
Aggregate depreciation	(237,150)
	------------
Carrying value	1,905,135
	------------

7. Debtors

	2024	2023
	£	£
Trade debtors	–	19,143
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,502,846	3
Other debtors	13,332	26,408
	------------	--------
	1,516,178	45,554
	------------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	–	1,925,961
Trade creditors	14,489	50,802
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	7,205
Social security and other taxes	–	71,861
Other creditors	–	69,140
	--------	------------
	14,489	2,124,969
	--------	------------

The bank borrowings are secured by a legal charge against the company's freehold property. The company is also bound by an all asset debenture and a partial personal guarantee by the directors.

9. 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 .

10. Related party transactions

The company has taken advantage of the exemptions available under FRS102 relating to the disclosure of related party transactions with other members of the Ashley Hotels (Holdings) Limited group.

11. Controlling party

The company is wholly-owned subsidiary undertaking of Ashley Hotels (Holdings) Limited, a company registered in England and Wales. Copies of the consolidated financial statements of Ashley Hotels (Holdings) Limited may be obtained from the registered office. There is no ultimate controlling party.