Company Registration No. 01303729 (England and Wales)
Sandringham Hotels (Isle of Wight) Limited
Unaudited accounts
for the year ended 31 March 2025
Sandringham Hotels (Isle of Wight) Limited
Unaudited accounts
Contents
Sandringham Hotels (Isle of Wight) Limited
Company Information
for the year ended 31 March 2025
Directors
N J Spyker
J Moorman
M Moorman
Company Number
01303729 (England and Wales)
Registered Office
Sandringham Hotel
Esplanade
Sandown
Isle of Wight
PO36 8AH
Sandringham Hotels (Isle of Wight) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
337,297
312,669
Cash at bank and in hand
46,057
52,706
Creditors: amounts falling due within one year
(432,135)
(345,412)
Net current liabilities
(328,491)
(113,531)
Total assets less current liabilities
8,806
199,138
Provisions for liabilities
Deferred tax
(3,900)
(3,900)
Called up share capital
33,629
33,629
Profit and loss account
(28,723)
161,609
Shareholders' funds
4,906
195,238
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by
N J Spyker
Director
Company Registration No. 01303729
Sandringham Hotels (Isle of Wight) Limited
Notes to the Accounts
for the year ended 31 March 2025
Sandringham Hotels (Isle of Wight) Limited is a private company, limited by shares, registered in England and Wales, registration number 01303729. The registered office is Sandringham Hotel, Esplanade, Sandown, Isle of Wight, PO36 8AH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the customer stays at the hotel, with any amounts received before this date being deferred until the arrival date. Services to customers during their stay in the hotel are recognised when they are incurred.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over 50 years
Motor vehicles
over 5 years
Fixtures & fittings
over 10 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price is recognised as an impairment in the profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Sandringham Hotels (Isle of Wight) Limited
Notes to the Accounts
for the year ended 31 March 2025
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
The cost of short term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the company's inventories
and tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Other key sources of estimation uncertainty:
Tangible fixed assets (note 4)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
Sandringham Hotels (Isle of Wight) Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,143,207
47,050
184,899
1,375,156
Additions
-
52,620
-
52,620
At 31 March 2025
1,143,207
99,670
184,899
1,427,776
At 1 April 2024
838,285
39,303
184,899
1,062,487
Charge for the year
22,865
5,127
-
27,992
At 31 March 2025
861,150
44,430
184,899
1,090,479
At 31 March 2025
282,057
55,240
-
337,297
At 31 March 2024
304,922
7,747
-
312,669
Amounts falling due within one year
Accrued income and prepayments
12,678
10,150
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
95,950
55,821
Taxes and social security
15,928
22,010
Other creditors
207,645
175,642
Deferred income
106,043
85,041
The bank loan and overdraft facility is secured by a fixed and floating charge over the company's assets.
During the year £10,200 (2024 - £10,200) rent and £6,800 (2024 - £6,800) loan interest was paid to the directors pension scheme, the Peacock Investment Trust.
8
Transactions with related parties
Other debtors includes an amount of £513 (2024 - £141,275) due from the Isle of Wight Hotels Limited, a company in which the directors are interested as shareholders and directors. This balance is the result of trading transactions carried out on an arms length basis.
Sandringham Hotels (Isle of Wight) Limited
Notes to the Accounts
for the year ended 31 March 2025
The ultimate controlling party is the directors.
10
Average number of employees
During the year the average number of employees was 15 (2024: 15).