Woodley Hotels (Hampshire) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Francis Clark LLP
Melville Building East
Unit 18, 23 Royal William Yard
Plymouth
Devon
PL1 3GW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006. There are no material departures from FRS102.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared by management on a going concern basis. The company owes fellow group companies £2.5m, which would not be called upon unless the company was able to repay it without affecting its going concern status. Excluding the amounts owed to group undertakings, the directors believe the company has sufficient liquid resources to meet liabilities as they fall due based on the fact that a group company, Woodley Hotels Limited has adequate resources and support from its shareholders to support the company for the foreseeable future.

Further information on the trading status of the group can be found in the Dhrona Holdings Ltd's Consolidated Financial Statements.

For these reasons, the directors adopt a going concern basis in preparing the financial statements. The financial statements do not include any adjustments that would result from any change in the company’s circumstances such that the going concern basis would no longer be appropriate.

Revenue recognition

Turnover represents the fair value of the consideration receivable, excluding Value Added Tax, in the
ordinary course of business for the sale of goods and services provided.

Revenue in respect of rental income is recognised in line with the time period to which the rent relates.

Woodley Hotels (Hampshire) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% Straight line

Investment property

Investment property is carried at fair value. The directors assess fair value, having regard for current market prices for comparable real estate and using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

No depreciation is provided in respect of investment properties applying the fair value model.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Woodley Hotels (Hampshire) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Woodley Hotels (Hampshire) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £
Cost or valuation
At 1 April 2024	517,333
Revaluations	82,667
Transfers to investment property	(600,000)
At 31 March 2025	-
Depreciation
At 1 April 2024	41,388
Charge for the year	6,323
Revaluations	(47,711)
At 31 March 2025	-
Carrying amount
At 31 March 2025	-
At 31 March 2024	475,945

Included within the net book value of land and buildings above is £Nil (2024 - £475,945) in respect of freehold land and buildings.
 

5	Investment properties

	2025 £
Transfers from land & buildings	600,000
At 31 March	600,000