COMPANY REGISTRATION NUMBER:
10599963
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Ashley Hotels Liverpool Limited |
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Filleted Financial Statements |
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Ashley Hotels Liverpool Limited |
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Statement of Financial Position (continued) |
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31 December 2024
Capital and reserves
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Called up share capital |
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1 |
1 |
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Profit and loss account |
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(
170,947) |
2 |
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--------- |
---- |
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Shareholders (deficit)/funds |
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(
170,946) |
3 |
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--------- |
---- |
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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:
10599963
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Ashley Hotels Liverpool Limited |
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Notes to the Financial Statements |
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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 01 Oaklands Road, London, N20 8BD. On 30 March 2024 the company changed its name from Ashley Hotels Manchester Limited.
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.
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 follows: 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 Cost of Land The Land has been included at a cost estimated by the directors. 3 Deferred Tax Deferred Tax has been calculated at 25% on the basis that this is the rate of corporation tax for the foreseeable future.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:
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Freehold property |
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2% straight line |
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Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
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.
4.
Tangible assets
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Land and buildings |
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£ |
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Cost |
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At 1 January 2024 |
– |
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Additions |
4,985,607 |
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------------ |
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At 31 December 2024 |
4,985,607 |
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------------ |
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Depreciation |
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At 1 January 2024 |
– |
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Charge for the year |
44,375 |
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------------ |
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At 31 December 2024 |
44,375 |
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Carrying amount |
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At 31 December 2024 |
4,941,232 |
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At 31 December 2023 |
– |
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------------ |
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Included in freehold property is land of £1,500,000 which is not depreciated
5.
Debtors
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2024 |
2023 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
46,135 |
3 |
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6.
Creditors:
amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,720,260 |
– |
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7.
Creditors:
amounts falling due after more than one year
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
3,250,500 |
– |
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The bank borrowings are secured by a legal charge against the company's freehold property
8.
Operating leases
As lessor
The total future minimum lease payments receivable under non-cancellable operating leases are as follows:
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2024 |
2023 |
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£ |
£ |
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Not later than 1 year |
310,000 |
– |
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Later than 1 year and not later than 5 years |
1,046,250 |
– |
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1,356,250 |
– |
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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 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.