The Rose Hotel Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10315576

The Rose Hotel Limited

Filleted Unaudited Financial Statements

31 December 2024

The Rose Hotel Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

The Rose Hotel Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Intangible assets	5	74,362	99,123
Tangible assets	6	313,772	303,198
		---------	---------
		388,134	402,321

Current assets

Stocks		11,210	7,713
Debtors	7	373,051	386,364
Cash at bank and in hand		76,585	87,631
		---------	---------
		460,846	481,708

Creditors: amounts falling due within one year	8	( 270,896)	( 352,110)
		---------	---------
Net current assets		189,950	129,598
		---------	---------
Total assets less current liabilities		578,084	531,919

Creditors: amounts falling due after more than one year	9	( 16,031)	( 42,154)

Provisions	( 23,685)	( 19,585)
	---------	---------
Net assets	538,368	470,180
	---------	---------

Capital and reserves

Called up share capital	999	999
Profit and loss account	537,369	469,181
	---------	---------
Shareholders funds	538,368	470,180
	---------	---------

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 .

The Rose Hotel Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 14 October 2025 , and are signed on behalf of the board by:

C Hicks

Director

Company registration number: 10315576

The Rose Hotel 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 4 Royal Buildings, The Strand, Walmer, Deal, CT14 7HD, United Kingdom.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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 timing differences at the reporting date.

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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

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	-	10% straight line
Other intangible assets	-	10% 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:

Plant and machinery	-	20% reducing balance
Fixtures, fittings and equipment	-	20% & 33% reducing balance
Motor vehicles	-	20% reducing baalnce & 25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 32 (2023: 32 ).

5. Intangible assets

	Goodwill	Other intangible assets	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	240,000	7,603	247,603
	---------	-------	---------
Amortisation
At 1 January 2024	144,000	4,480	148,480
Charge for the year	24,000	761	24,761
	---------	-------	---------
At 31 December 2024	168,000	5,241	173,241
	---------	-------	---------
Carrying amount
At 31 December 2024	72,000	2,362	74,362
	---------	-------	---------
At 31 December 2023	96,000	3,123	99,123
	---------	-------	---------

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	187,463	176,167	94,451	68,171	526,252
Additions	–	12,835	22,097	26,852	61,784
Disposals	–	–	–	( 60,000)	( 60,000)
	---------	---------	---------	--------	---------
At 31 December 2024	187,463	189,002	116,548	35,023	528,036
	---------	---------	---------	--------	---------
Depreciation
At 1 January 2024	–	125,017	60,665	37,372	223,054
Charge for the year	–	11,281	9,074	6,279	26,634
Disposals	–	–	–	( 35,424)	( 35,424)
	---------	---------	---------	--------	---------
At 31 December 2024	–	136,298	69,739	8,227	214,264
	---------	---------	---------	--------	---------
Carrying amount
At 31 December 2024	187,463	52,704	46,809	26,796	313,772
	---------	---------	---------	--------	---------
At 31 December 2023	187,463	51,150	33,786	30,799	303,198
	---------	---------	---------	--------	---------

7. Debtors

	2024	2023
	£	£
Trade debtors	7,769	10,818
Other debtors	365,282	375,546
	---------	---------
	373,051	386,364
	---------	---------

Included within Other Debtors is a loan balance of £172,140 which falls due for payment after more than one year.

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	109,519	84,535
Corporation tax	29,500	48,438
Social security and other taxes	74,758	72,043
Other creditors	47,119	137,094
	---------	---------
	270,896	352,110
	---------	---------

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

	2024	2023
	£	£
Bank loans and overdrafts	5,000	15,000
Other creditors	11,031	27,154
	--------	--------
	16,031	42,154
	--------	--------

10. Directors' advances, credits and guarantees

At the balance sheet date, the company was owed £21,138 by the directors (2023: owed £105,588 to the directors), which included interest charged at a rate of 2.25%.

11. Related party transactions

At the balance sheet date, the company was owed £163,516 (2023: £186,172) by entities associated through common control and owed £23,873 (2023: £25,149) to entities associated through common control.