The Augustus Hotel (Bham) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05708474 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE AUGUSTUS HOTEL (BHAM) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D G Davey

REGISTERED OFFICE:

198-200 Hagley Road

Edgbaston

Birmingham

West Midlands

B16 9PQ

REGISTERED NUMBER:

05708474 (England and Wales)

FIXED ASSETS

Intangible assets

4

96,000

99,000

Tangible assets

5

2,875,819

2,919,109

2,971,819

3,018,109

CURRENT ASSETS

Debtors

6

-

94,028

Cash at bank

11,072

3,300

11,072

97,328

CREDITORS

Amounts falling due within one year

7

1,896,713

1,615,812

NET CURRENT LIABILITIES

(1,885,641

)

(1,518,484

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,086,178

1,499,625

CAPITAL AND RESERVES

Called up share capital

8

1,000

Revaluation reserve

9

43,561

Retained earnings

9

1,041,617

1,455,064

SHAREHOLDERS' FUNDS

1,086,178

1,499,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 26 September 2025 and were signed by:

D G Davey - Director

1.	STATUTORY INFORMATION

The Augustus Hotel (Bham) 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of fifty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

not provided

Improvements to property

-

2% on cost

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

10% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

150,000

AMORTISATION

At 1 October 2023

51,000

Amortisation for year

3,000

At 30 September 2024

54,000

NET BOOK VALUE

At 30 September 2024

96,000

At 30 September 2023

99,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

fittings

equipment

Totals

£

COST OR VALUATION

At 1 October 2023

and 30 September 2024

2,068,142

764,997

986,205

5,550

3,824,894

DEPRECIATION

At 1 October 2023

-

193,933

710,721

1,131

905,785

Charge for year

-

15,300

27,548

442

43,290

At 30 September 2024

-

209,233

738,269

1,573

949,075

NET BOOK VALUE

At 30 September 2024

2,068,142

555,764

247,936

3,977

2,875,819

At 30 September 2023

2,068,142

571,064

275,484

4,419

2,919,109

Cost or valuation at 30 September 2024 is represented by:

Improvements

Fixtures

Freehold

to

and

Computer

property

fittings

equipment

Totals

£

Valuation in 2010

43,561

-

43,561

Cost

2,024,581

764,997

986,205

5,550

3,781,333

2,068,142

764,997

986,205

5,550

3,824,894

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

30/9/24

30/9/23

£

Cost

2,024,581

Value of land in freehold land and buildings

2,024,581

Freehold land and buildings were valued on open market basis on 17 February 2010 by Taylors Business Surveyors & Valuers Ltd .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

Trade debtors

-

94,028

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

Trade creditors

34,396

15,340

Tax

202,570

158,252

Social security and other taxes

56,622

28,116

VAT

31,936

11,657

Other creditors

31,310

-

Shareholders loan accounts

809,436

792,473

Intercompany

715,946

587,795

Wages Control

11,560

8,733

Nest Pensions

(2,063

)

946

Accrued expenses

5,000

12,500

1,896,713

1,615,812

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/24

30/9/23

value:

£

1,000

Ordinary

£1

1,000

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 October 2023

1,455,064

43,561

1,498,625

Profit for the year

86,553

Dividends

(500,000

)

(500,000

)

At 30 September 2024

1,041,617

43,561

1,085,178

10.	PARENTAL GUARANTEE

- For the year ending 30th September 2024 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

- the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

- the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.