REGISTERED NUMBER: 09573413 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

SHERATON HOTEL (BLACKPOOL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs I Seddon

N A Seddon

Mrs E P Brown

REGISTERED OFFICE:

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

REGISTERED NUMBER:

09573413 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Statutory Auditor

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

FIXED ASSETS

Intangible assets

4

14,688

73,438

Tangible assets

5

2,203,919

2,220,410

2,218,607

2,293,848

CURRENT ASSETS

Stocks

32,674

24,181

Debtors

6

812,997

718,957

Cash at bank and in hand

260,181

375,040

1,105,852

1,118,178

CREDITORS

Amounts falling due within one year

7

(1,291,818

)

(1,277,617

)

NET CURRENT LIABILITIES

(185,966

)

(159,439

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,032,641

2,134,409

CREDITORS

Amounts falling due after more than one year

8

(1,604,210

)

(1,693,245

)

PROVISIONS FOR LIABILITIES

(235,286

)

(249,499

)

NET ASSETS

193,145

191,665

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

193,144

191,664

193,145

191,665

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 Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

Mrs E P Brown - Director

1.	STATUTORY INFORMATION

Sheraton Hotel (Blackpool) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The place of business is Hotel Sheraton, 54/62 Queens Promenade, Blackpool, FY2 9RP.

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.

Going concern

The balance sheet shows net current liabilities of £185,966 (2024: £159,439). Total net assets £193,145 (2024: £191,665).

The group is dependent upon the continuing support of its directors and other creditors to enable it to meet its day to day working capital requirements. The directors have indicated that they are willing to provide such support for the foreseeable future and therefore believe it is appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover representing the value of services is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the service has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Turnover representing the sale of goods is shown net of VAT and trade discounts and is recognised when the goods are physically delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

Nil

Fixtures and fittings

-

10% on cost

Computer equipment

-

20% on cost

Tangible fixed assets are initially recognised at cost and depreciated to residual value over their useful economic lives. Depreciation is not provided for in respect of freehold properties. In the opinion of the directors, the residual value of the freehold properties at the end of their useful lives are expected to be such that any depreciation would be wholly immaterial.

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 91 (2024 - 86 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

587,500

AMORTISATION

At 1 May 2024

514,062

Charge for year

58,750

At 30 April 2025

572,812

NET BOOK VALUE

At 30 April 2025

14,688

At 30 April 2024

73,438

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

1,162,115

2,284,712

21,248

3,468,075

Additions

68,310

159,639

827

228,776

At 30 April 2025

1,230,425

2,444,351

22,075

3,696,851

DEPRECIATION

At 1 May 2024

-

1,228,510

19,155

1,247,665

Charge for year

-

244,435

832

245,267

At 30 April 2025

-

1,472,945

19,987

1,492,932

NET BOOK VALUE

At 30 April 2025

1,230,425

971,406

2,088

2,203,919

At 30 April 2024

1,162,115

1,056,202

2,093

2,220,410

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

783,828

675,365

Other debtors

7,712

4,509

Prepayments and accrued income

21,457

39,083

812,997

718,957

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

89,775

84,311

Trade creditors

604,192

635,998

Amounts owed to group undertakings

297,668

297,668

Tax

37,210

53,704

Social security and other taxes

20,753

16,761

VAT

114,171

95,829

Other creditors

15,759

6,890

Accruals and deferred income

112,290

86,456

1,291,818

1,277,617

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

95,645

82,119

Bank loans - 2-5 years

1,508,565

1,611,126

1,604,210

1,693,245

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

10,177

5,645

Between one and five years

51,544

21,641

61,721

27,286

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loan

1,693,985

1,777,555

The bank loan is secured against the freehold property.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Charles F Bryning FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

12.	CONTINGENT LIABILITIES

A cross-company unlimited guarantee is in place in favour of one of the company's bankers between the company and Elgin Hotel Limited. At the balance sheet date monies owing to the bank totals £564,662 (2024 - £592,519).

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	ULTIMATE CONTROLLING PARTY

Sheraton Hotel (Blackpool) Limited is a subsidiary of Alf Seddon Limited of 17 St Peter's Place, Fleetwood, Lancashire, FY7 6EB.