Waveney House Hotel Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04123207

Waveney House Hotel Limited

Unaudited financial statements

31 March 2025

Waveney House Hotel Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		57,243		36,146

Current assets

Stocks		23,338	35,838
Debtors	6	251,064	255,498
Cash at bank and in hand		61,127	61,042
		---------	---------
		335,529	352,378

Creditors: Amounts falling due within one year	7	( 238,131)		( 221,815)
		---------		---------
Net current assets			97,398		130,563
			---------		---------
Total assets less current liabilities			154,641		166,709

Provisions	( 14,210)	( 8,818)
	---------	---------
Net assets	140,431	157,891
	---------	---------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		140,331	157,791
		---------	---------
Shareholders funds		140,431	157,891
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Waveney House Hotel Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

S R Holmes

Director

Company registration number: 04123207

Waveney House Hotel Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Branford House, 8 Hungate, Beccles, Suffolk, NR34 9TL. The trading adress of the company is The Waveney House Hotel, Puddingmoor, Beccles, Suffolk, NR34 9PL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expense recognised will be recovered.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Fixtures and fittings	-	10% straight line
Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 49 (2024: 45 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	61,138	57,380	20,019	138,537
Additions	26,710	6,720	634	34,064
	-------	-------	-------	---------
At 31 March 2025	87,848	64,100	20,653	172,601
	-------	-------	-------	---------
Depreciation
At 1 April 2024	47,673	39,056	15,662	102,391
Charge for the year	6,992	4,406	1,569	12,967
	-------	-------	-------	---------
At 31 March 2025	54,665	43,462	17,231	115,358
	-------	-------	-------	---------
Carrying amount
At 31 March 2025	33,183	20,638	3,422	57,243
	-------	-------	-------	---------
At 31 March 2024	13,465	18,324	4,357	36,146
	-------	-------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	7,267	10,790
Amounts owed by group undertakings and undertakings in which the company has a participating interest	173,389	203,389
Other debtors	70,408	41,319
	---------	---------
	251,064	255,498
	---------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	107,431	81,590
Social security and other taxes	58,415	58,803
Other creditors	72,285	81,422
	---------	---------
	238,131	221,815
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Related party transactions

The parent company of this company is Barsham Securities Limited, whose registered office address is Branford House, 8a Hungate, Beccles, Suffolk, NR34 9TL. Mr C R Holmes is considered to be the ultimate controlling party due to 85% of creditors in the parent company being loans provided in which he is the sole or joint provider, or the spouse of the provider.