The Beverley Hotel Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00667272 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The Beverley Hotel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Gilbert

Mrs A M Gilbert

SECRETARY:

Mrs A M Gilbert

REGISTERED OFFICE:

c/o Locke Williams Associates LLP

Studio 2

50-54 St Pauls Square

Birmingham

B3 1QS

REGISTERED NUMBER:

00667272 (England and Wales)

ACCOUNTANTS:

Locke Williams Associates LLP

Chartered Accountants

Studio 2

50-54 St Pauls Square

Birmingham

West Midlands

B3 1QS

FIXED ASSETS

Tangible assets

4

659,590

662,916

CURRENT ASSETS

Debtors

5

65,762

92,569

Cash at bank

3,531

3,743

69,293

96,312

CREDITORS

Amounts falling due within one year

6

715,494

731,644

NET CURRENT LIABILITIES

(646,201

)

(635,332

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,389

27,584

CREDITORS

Amounts falling due after more than one
year

7

6,114

16,479

NET ASSETS

7,275

11,105

CAPITAL AND RESERVES

Called up share capital

8

2,000

Share premium

1,035

Revaluation reserve

9

25,132

Capital redemption reserve

10

Retained earnings

(20,902

)

(17,072

)

SHAREHOLDERS' FUNDS

7,275

11,105

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

R J Gilbert - Director

1.	STATUTORY INFORMATION

The Beverley Hotel 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 presentation currency of the financial statements is the Pound Sterling (£).

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

There was a deficit of retained earnings at the balance sheet date, however the directors have provided assurances of continued support to the company, through the provision of loans from the parent and connected companies. These loans will not be repaid ahead of other third party liabilities, until such time as the company has surplus operating cash flow to do so. On the reliance of this support, the financial statements have been prepared on a going concern basis.

Turnover

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

The policies adopted for the recognition of turnover are as follows:

Hotel accomodation and
function room hire

Turnover from hotel room hire is recognised when customers stay,
function and other room hire is recognised as used. Deposits received in
advance are not recognised as income, but as a liability in the balance
sheet until utilised against bookings.

Food, drink etc

Turnover from the supply of food, drink and hotel incidentals is recognised
as supplied.

Tangible fixed assets

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:

Freehold buildings

No depreciation - see below

Plant and machinery

20% per annum of cost

Fixtures and fittings

20% per annum of cost

Freehold land and buildings have not been depreciated. The directors believe that through a policy of regular maintenance this is not necessary and that the property is far in excess of the book value.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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. Creditors which are debt instrument, such as loans and finance leases, are subsequently carried at amortised cost, using the effective interest rate method.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1 April 2024

and 31 March 2025

658,105

46,090

528,410

1,232,605

DEPRECIATION

At 1 April 2024

-

43,895

525,794

569,689

Charge for year

-

1,670

1,656

3,326

At 31 March 2025

-

45,565

527,450

573,015

NET BOOK VALUE

At 31 March 2025

658,105

525

960

659,590

At 31 March 2024

658,105

2,195

2,616

662,916

The hotel, which includes all of the assets on site, has been independently valued at £790,000, which is £131,895 greater than the net book value as stated in these accounts. This increased value has not been incorporated into these accounts as this would represent a change in accounting policy that would then require an annual reappraisal of the figure.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

916

7,909

Amounts owed by related undertakings

4,940

-

Other debtors

59,906

84,660

65,762

92,569

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,366

10,110

Trade creditors

13,726

14,496

Amounts owed to group undertakings

615,007

533,390

Amounts owed to related undertakings

841

109,621

Taxation and social security

39,915

26,757

Other creditors

35,639

37,270

715,494

731,644

The amounts of £610,901 in total which are owed to the parent company and related undertakings would not be settled unless the company's property was sold, which would not arise unless the company had ceased trading. Accordingly these liabilities should be regarded as a long term debts, but in the absence of a formal agreement regarding repayment have to be classified as short term liabilities.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

6,114

16,479

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1,800

Ordinary Shares

£1

1,800

200

Preference Shares

£1

200

2,000

The preference shares are 2% non cumulative and irredeemable.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

25,132

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

R J Gilbert and Mrs A M Gilbert

Balance outstanding at start of year

81,620

51,096

Amounts advanced

65,876

36,524

Amounts repaid

(104,789

)

(6,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

42,707

81,620

11.	RELATED PARTY DISCLOSURES

The company recharged costs totalling £31,940 (2024: £32,290) to companies under common control.

The total aggregate amounts due from these companies is £4,099 (2024 : due to £108,620).