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Registered number: 04329157
Eurolantic Leisure Ltd
Financial statements
Information for filing with the registrar
For the Year Ended 31 March 2025
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Eurolantic Leisure Ltd
Registered number: 04329157
Statement of financial position
As at 31 March 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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Eurolantic Leisure Ltd
Registered number: 04329157
Statement of financial position (continued)
As at 31 March 2025
The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 December 2025.
The notes on pages 4 to 15 form part of these financial statements.
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Eurolantic Leisure Ltd
Statement of changes in equity
For the Year Ended 31 March 2025
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Comprehensive income for the year
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Tramsfer from revaluation reserve
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Total comprehensive income for the year
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Transfer to profit and loss account
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Total transactions with owners
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Comprehensive income for the year
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Transfer from revaluation reserve
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Total comprehensive income for the year
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Transfer to profit and loss account
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Total transactions with owners
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The notes on pages 4 to 15 form part of these financial statements.
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Eurolantic Leisure Ltd
Notes to the financial statements
For the Year Ended 31 March 2025
Eurolantic Leisure Limited is a company limited by shares incorporated in England and Wales. The company's registration number and address of the registered office is given in the company information page of these financial statements.
The principal activities of the company in the year under review was that of a hotelier.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest pound.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
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Financial Reporting Standard 102 - reduced disclosure exemptions
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The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).
This information is included in the consolidated financial statements of Leaf Hotels Ltd as at 31 March 2021 and these financial statements may be obtained from Singledge Lane, Whitfield, Dover, Kent, CT16 3EL.
At the balance sheet date the company had current liabilities in excess of current assets. However the financial statements have been prepared on a going concern basis as at the time of approving these financial statements, the director has a reasonable expectation that the company has adequate resources to continue its trade for the foreseeable future.
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Eurolantic Leisure Ltd
Notes to the financial statements
For the Year Ended 31 March 2025
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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Eurolantic Leisure Ltd
Notes to the financial statements
For the Year Ended 31 March 2025
2.Accounting policies (continued)
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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Eurolantic Leisure Ltd
Notes to the financial statements
For the Year Ended 31 March 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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Revaluation of tangible fixed assets
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Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Eurolantic Leisure Ltd
Notes to the financial statements
For the Year Ended 31 March 2025
2.Accounting policies (continued)
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Provisions for liabilities
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Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
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The average monthly number of employees, including the director, during the year was as follows:
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Average number of employees
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Eurolantic Leisure Ltd
Notes to the financial statements
For the Year Ended 31 March 2025
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Charge for the year on owned assets
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Cost or valuation at 31 March 2025 is as follows:
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Eurolantic Leisure Ltd
Notes to the financial statements
For the Year Ended 31 March 2025
4.Tangible fixed assets (continued)
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If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
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The freehold property was revalued at open market value by Knight Franks LLP on 22 Aug 2008. The Company has taken advantage of the transitional provisions available on the introduction of FRS102 to carry those assets at the value less depreciation in subsequent years. Subsequent additions to freehold property were included at cost.
The Freehold property includes land with a value of £2,940,000 on which no depreciation charge is made.
There were no capital commitments at the balance sheet date.
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Finished goods and goods for resale
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Eurolantic Leisure Ltd
Notes to the financial statements
For the Year Ended 31 March 2025
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Amounts owed by group undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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Eurolantic Leisure Ltd
Notes to the financial statements
For the Year Ended 31 March 2025
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Other taxation and social security
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Creditors: Amounts falling due after more than one year
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Eurolantic Leisure Ltd
Notes to the financial statements
For the Year Ended 31 March 2025
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-2 years
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Amounts falling due 2-5 years
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Amounts falling due after more than 5 years
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Details of security provided:
Bank loans are secured by debenture and legal charge over following properties:
∙1st legal charge over Freehold property of the company at Holiday Inn Dover, Singledge Lane, Whitfield, Dover, Kent and debenture over all assets of the company.
∙1st legal charge over freehold property at Holiday Inn express, Upper Harbledown, Canterbury, Kent and debenture over all assets.
∙1st legal charge over Best Western Clifton Hotel, the Leas, Clifton Gardens, Folkestone, Kent and debenture over all assets.
Bank loans carry interest at variable rate, currently at @2.25% p.a. over Bank of England base rate.
Bank overdrafts are secured by:
∙Composite Company Unlimited Multilateral Guarantee given by Evecom Ltd, Leaf Hotels Limited and Clifton Hotel Limited.
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Eurolantic Leisure Ltd
Notes to the financial statements
For the Year Ended 31 March 2025
11.Deferred taxation (continued)
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Released to profit or loss
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The provision for deferred taxation is made up as follows:
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Accelerated capital allowances
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Revaluation reserve
Revaluation reserve represents surplus on revaluation of the freehold property. This is non-distributable reserve.
Profit and loss account
Profit and loss account represents accumulated retained earnings and is a distributable reserve.
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £10,742 (2024: £11,234). Contributions totaling £1,965 (2024: £2,253) were payable to the fund at balance sheet date and are included in other creditors.
The ultimate controlling party is Mr K Rajamenon, who owns entire share capital in ultimate parent company Leaf Hotels Limited.
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Eurolantic Leisure Ltd
Notes to the financial statements
For the Year Ended 31 March 2025
The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.
The audit report was signed on 30 December 2025 by Mr. Janak Raj Pokhrel (Senior statutory auditor) on behalf of Mantax Lynton.
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