Howarth Hotel Limited - Filleted accounts

Registered number

06584564

Howarth Hotel Limited

Filleted Accounts

30 May 2024

Howarth Hotel Limited
Registered number:		06584564
Balance Sheet
as at 30 May 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	2		858,787			860,341

Current assets
Debtors	3	137,892			171,069

Creditors: amounts falling due within one year	4	(474,498)			(466,855)

Net current liabilities			(336,606)			(295,786)

Total assets less current liabilities			522,181			564,555

Creditors: amounts falling due after more than one year	5		(370,353)			(379,352)



Net assets			151,828			185,203

Capital and reserves
Called up share capital			4,000			4,000
Revaluation reserve	6		351,346			351,346
Profit and loss account			(203,518)			(170,143)

Shareholders' funds			151,828			185,203

Number				Number
Average number of employees			-			-

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




DLH Yates
Director
Approved by the board on 23 September 2025

Howarth Hotel Limited
Notes to the Accounts
for the year ended 30 May 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures and equipment	15% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Tangible fixed assets
		Land and buildings		Fixtures and equipment		Total
£			£		£
	Cost
	At 31 May 2023	850,000		54,669		904,669
	At 30 May 2024	850,000		54,669		904,669

	Depreciation
	At 31 May 2023	-		44,328		44,328
	Charge for the year	-		1,554		1,554
	At 30 May 2024	-		45,882		45,882

	Net book value
	At 30 May 2024	850,000		8,787		858,787
	At 30 May 2023	850,000		10,341		860,341


3	Debtors			2024		2023
£					£

	Amounts owed by connected companies			130,608		163,785
	Other debtors			7,284		7,284
				137,892		171,069


4	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			52,080		52,524
	Amounts owed to connected companies			377,618		369,543
	Taxation and social security costs			43,324		43,324
	Other creditors			1,476		1,464
				474,498		466,855


5	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			370,353		379,352


6	Revaluation reserve			2024		2023
£					£

	At 31 May 2023			351,346		351,346

	At 30 May 2024			351,346		351,346


7	Related party transactions

	The following amounts are included in the debtors note under amounts owed by connected companies(Note 4):
				2024		2023
				£		£
	AHY Hotels Ltd			30000		30,000
	HY Farms Ltd			130608		130,608
	Homesave(UK)Ltd			3177		13,697
				163,785		174,305

	The following amounts are included in the creditors note under amounts owed to connected companies(Note 5):
	HY One Ltd			3,300		3,300
	Ashton Yates Ltd			10,255		10,255
	3Yates Ltd			355,988		-
				369,543		13,555


8	Other information

	Howarth Hotel Limited is a private company limited by shares and incorporated in England. Its registered office is:
	315 Clifton Drive
	St Annes
	Lancashire
	FY8 1HN