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

COMPANY REGISTRATION NUMBER: 10193746

Ashley Hotels Farnborough Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Ashley Hotels Farnborough Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		5,122,666	5,409,732

Current assets

Debtors	6	97,865	85,819
Cash at bank and in hand		1,220,774	1,139,729
		------------	------------
		1,318,639	1,225,548

Creditors: amounts falling due within one year	7	2,273,209		2,283,242
		------------		------------
Net current liabilities			954,570	1,057,694
			------------	------------
Total assets less current liabilities			4,168,096	4,352,038

Creditors: amounts falling due after more than one year	8		3,432,553	3,633,989

Provisions

Taxation including deferred tax	–	1,824
	------------	------------
Net assets	735,543	716,225
	------------	------------

Ashley Hotels Farnborough Limited

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£

Capital and reserves

Called up share capital	2	2
Profit and loss account	735,541	716,223
	---------	---------
Shareholders funds	735,543	716,225
	---------	---------

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.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements 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 financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Z Hirji

Director

Company registration number: 10193746

Ashley Hotels Farnborough 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.

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.

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 material 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.

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:

Freehold property	-	2% straight line
Plant and machinery	-	10% straight line
Equipment	-	10% straight line

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.

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 12 (2023: 12 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	5,181,974	2,225,507	5,143	7,412,624
Additions	–	9,734	975	10,709
	------------	------------	-------	------------
At 31 December 2024	5,181,974	2,235,241	6,118	7,423,333
	------------	------------	-------	------------
Depreciation
At 1 January 2024	552,294	1,447,000	3,598	2,002,892
Charge for the year	73,639	223,622	514	297,775
	------------	------------	-------	------------
At 31 December 2024	625,933	1,670,622	4,112	2,300,667
	------------	------------	-------	------------
Carrying amount
At 31 December 2024	4,556,041	564,619	2,006	5,122,666
	------------	------------	-------	------------
At 31 December 2023	4,629,680	778,507	1,545	5,409,732
	------------	------------	-------	------------

Included in freehold property is freehold land at cost of £1,500,000 (2023 £1,500,000) which is not depreciated .

6. Debtors

	2024	2023
	£	£
Trade debtors	16,106	67,294
Other debtors	81,759	18,525
	--------	--------
	97,865	85,819
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	170,000	170,000
Trade creditors	83,062	366
Social security and other taxes	108,059	99,788
Other creditors	1,912,088	2,013,088
	------------	------------
	2,273,209	2,283,242
	------------	------------

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.

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	3,432,553	3,633,989
	------------	------------

Included within creditors: amounts falling due after more than one year is an amount of £2,325,830 (2023 - £2,850,500) in respect of liabilities payable or repayable by instalments which fall due for payment after more than 5 years from the reporting date. Repayments are being made quarterly and interest is being charged at 2.5% over Base Rate.

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.