General Information
Tyne Hotel Limited is a private company, limited by shares, registered in , registration number 14089481, registration address 2-6 Bentinck Crescent, Newcastle Upon Tyne, NE4 6TH.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
0 Reducing Balance |
| Plant and Machinery |
15% Reducing Balance
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Staff Costs
|
2026
£ |
|
2025
£ |
| Wages and salaries |
34,579 |
|
19,250 |
|
34,579 |
|
19,250 |
|
|
|
|
|
Average number of employees during the year
|
Number
|
|
Number
|
| Administration |
1 |
|
1 |
| Sales |
1 |
|
0 |
|
2 |
|
1 |
|
| 3. |
Average number of employees
Average number of employees during the year was 2 (2025 : 2).
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 June 2025 |
90,000 |
|
9,600 |
|
99,600 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 May 2026 |
90,000 |
|
9,600 |
|
99,600 |
| Depreciation |
| At 01 June 2025 |
- |
|
2,664 |
|
2,664 |
| Charge for year |
- |
|
1,040 |
|
1,040 |
| On disposals |
- |
|
- |
|
- |
| At 31 May 2026 |
- |
|
3,704 |
|
3,704 |
| Net book values |
| Closing balance as at 31 May 2026 |
90,000 |
|
5,896 |
|
95,896 |
| Opening balance as at 01 June 2025 |
90,000 |
|
6,936 |
|
96,936 |
|
| 5. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Corporation Tax |
836 |
|
6,192 |
| PAYE & Social Security |
787 |
|
0 |
| Accrued Expenses |
1,200 |
|
1,200 |
| Other Creditors |
(1) |
|
0 |
|
2,822 |
|
7,392 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2026
£ |
|
2025
£ |
| Directors' Loan Accounts |
43,765 |
|
43,765 |
|
43,765 |
|
43,765 |
|
| 7. |
Share Capital
Allotted, called up and fully paid
|
2026
£ |
|
2025
£ |
|
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
2
|