Buckingham Hotels Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05012013

Unaudited Financial Statements

for the Year Ended 31st January 2025

for

BUCKINGHAM HOTELS GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

S Dad

Secretary:

Mrs F Dad

Registered office:

156 West Wycombe Road

High Wycombe

Buckinghamshire

HP12 3AE

Registered number:

05012013

Accountants:

S G Beale and Co

Chartered Accountants

1 Kille House

Chinnor Road

Thame

Oxfordshire

OX9 3NU

FIXED ASSETS

8,195,988

Tangible assets

4

8,238,460

200

Investments

5

200

8,196,188

8,238,660

CURRENT ASSETS

5,400

Stocks

6

4,867

10,443,340

Debtors

7

12,860,769

-

Investments

8

315,128

2,809,438

Cash at bank

3,340,618

13,258,178

16,521,382

CREDITORS

4,907,032

Amounts falling due within one year

9

6,723,170

8,351,146

NET CURRENT ASSETS

9,798,212

16,547,334

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,036,872

CREDITORS

(2,335,442

)

Amounts falling due after more than one
year

10

(2,217,004

)

(816,917

)

PROVISIONS FOR LIABILITIES

12

(827,535

)

13,394,975

NET ASSETS

14,992,333

CAPITAL AND RESERVES

1,200

Called up share capital

1,200

3,266,216

Revaluation reserve

13

3,266,216

10,127,559

Retained earnings

13

11,724,917

13,394,975

SHAREHOLDERS' FUNDS

14,992,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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 30th October 2025 and were signed by:

S Dad - Director

1.	STATUTORY INFORMATION

Buckingham Hotels Group Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

20% on written down values

Motor vehicles

-

25% on written down values

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 20 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Totals

property

fittings

vehicles

£

Cost

At 1st February 2024

8,464,920

8,083,349

381,571

-

Additions

73,202

-

73,202

At 31st January 2025

8,538,122

8,083,349

381,571

73,202

Depreciation

At 1st February 2024

268,932

-

268,932

-

Charge for year

30,730

-

22,528

8,202

At 31st January 2025

299,662

-

291,460

8,202

Net book value

At 31st January 2025

8,238,460

8,083,349

90,111

65,000

At 31st January 2024

8,195,988

8,083,349

112,639

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1st February 2024

and 31st January 2025

200

Net book value

At 31st January 2025

200

At 31st January 2024

200

6.

STOCKS

2025

2024

£

Stocks

4,867

5,400

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

19,536

1,772

Amounts owed by associates

12,767,591

9,010,819

Other debtors

73,642

1,430,749

12,860,769

10,443,340

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

Other

315,128

-

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

4,580

Amounts owed to group undertakings

481,260

276,284

Amounts owed to participating interests

79,394

-

Amounts owed to associates

2,645,433

1,519,062

Taxation and social security

2,096,408

2,007,749

Other creditors

1,416,095

1,099,357

6,723,170

4,907,032

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

2,040,000

Amounts owed to group undertakings

6,595

-

Other creditors

170,409

295,442

2,217,004

2,335,442

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,040,000

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

2,040,000

The Bank have a mortgage which is secured by a specific charge over the freehold property of the company

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

129,319

118,701

Capital gains tax provision re

property revaluation

698,216

827,535

816,917

Deferred

tax

£

Balance at 1st February 2024

816,917

Charge to Income Statement during year

10,618

Revaluation reserve

Balance at 31st January 2025

827,535

13.

RESERVES

Retained

Revaluation

Totals

earnings

reserve

£

At 1st February 2024

13,393,775

10,127,559

3,266,216

Profit for the year

1,597,358

-

At 31st January 2025

14,991,133

11,724,917

3,266,216

14.	RELATED PARTY DISCLOSURES

The company has the following associates by virtue of common shareholdings:-

Buckingham Hotel Limited

Buckingham Laundry Limited

Dad Homes Limited

Hillview Road Developments Limited

Jennys Fashions Limited

Sheraton Dwellings Limited

Streamdown Properties Ltd

Wendover Hotel Limited

Zahrah Homes Limited

Buckingham Hotel Limited, Jennys Fashions Limited, Buckingham Laundry Limited and Sheraton Dwellings Limited own certain freehold property used by Buckingham Hotels Group Limited. A rent is paid for the use of these properties at a commercial market rent.

There was no other trading between the companies but amounts were paid for or by the associated companies and Buckingham Hotels Group Limited and the respective loan accounts between the companies are reflected in debtors or creditors due within one year as appropriate.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is S Dad.