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

COMPANY REGISTRATION NUMBER: 01594605

The Lathkil Hotel Limited

Filleted Unaudited Financial Statements

31 January 2025

The Lathkil Hotel Limited

Statement of Financial Position

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	639,108	652,240

Current assets

Stocks		9,219	8,360
Debtors	5	5,702	2,292
Cash at bank and in hand		3,741	9,175
		-------	-------
		18,662	19,827

Creditors: amounts falling due within one year	6	623,698	585,460
		---------	---------
Net current liabilities		605,036	565,633
		---------	---------
Total assets less current liabilities		34,072	86,607

Creditors: amounts falling due after more than one year	7	76,572	83,794
		-------	-------
Net (liabilities)/assets		( 42,500)	2,813
		-------	-------

Capital and reserves

Called up share capital	8	71,223	71,223
Revaluation reserve		154,456	154,456
Profit and loss account		( 268,179)	( 222,866)
		---------	---------
Shareholders (deficit)/funds		( 42,500)	2,813
		---------	---------

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 income statement has not been delivered.

For the year ending 31 January 2025 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 Lathkil Hotel Limited

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

Miss A M Grigor-Taylor

Director

Company registration number: 01594605

The Lathkil Hotel Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lathkil Hotel, Over Haddon, Bakewell, Derbyshire, DE45 1JE.

2. 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.

Going concern

The directors believe the company is still a going concern and that they will undertake to ensure that adequate financial resources are provided to the company to enable it to meet its liabilities as they fall due. As a result of this the accounts have been prepared on a going concern basis.

Revenue recognition

Turnover represents the amount derived from ordinary activities, excluding Value Added Tax.

Tangible assets

Fixed assets are initially recorded at cost with the exception of freehold property which is shown at an open market value.

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% on cost or revalued amount of buildings only
Fixtures and equipment	-	Between 15% and 25 % on reducing balance

An amount equal to the excess of the annual depreciation charge on revalued assets over the original cost depreciation charge on those assets is transferred annually from the revaluation reserve to retained earnings.

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2024: 16 ).

4. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 February 2024 and 31 January 2025	738,860	77,493	816,353
	---------	-------	---------
Depreciation
At 1 February 2024	91,554	73,778	165,332
Charge for the year	10,778	1,135	11,913
	---------	-------	---------
At 31 January 2025	102,332	74,913	177,245
	---------	-------	---------
Carrying amount
At 31 January 2025	636,528	2,580	639,108
	---------	-------	---------
At 31 January 2024	647,306	3,715	651,021
	---------	-------	---------

5. Debtors

	2025	2024
	£	£
Trade debtors	–	1,467
Other debtors	5,702	825
	------	------
	5,702	2,292
	------	------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,964	5,000
Trade creditors	43,156	21,481
Social security and other taxes	12,715	15,185
Other creditors	561,863	543,794
	---------	---------
	623,698	585,460
	---------	---------

Bank debts above totalling £5,964 (2024 - £5,000) are secured by a charge over the company's land and buildings.

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

	2025	2024
	£	£
Bank loans and overdrafts	76,572	83,794
	-------	-------

Bank debts above totalling £76,572 (2024 - £83,794) are secured by a charge over the company's land and buildings.

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	71,223	71,223	71,223	71,223
	-------	-------	-------	-------

9. Directors' advances, credits and guarantees

At the balance sheet date £554,679 (2024: £537,216) was due to the directors. This amount is included within other creditors payable within one year.