REGISTERED NUMBER: 02276836 (England and Wales)

Unaudited Financial Statements

for the Period

1 November 2024 to 31 March 2026

for

New World Hotels Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Read

REGISTERED OFFICE:

Unit 2D

Enterprise House

Valley Street North

Darlington

Co Durham

DL1 1GY

REGISTERED NUMBER:

02276836 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Great North House

20 Allington Way

DARLINGTON

Co Durham

DL1 4QB

FIXED ASSETS

Intangible assets

4

17,236

23,429

Tangible assets

5

125,972

128,492

143,208

151,921

CURRENT ASSETS

Debtors

6

459,698

1,610,428

Cash at bank

365,621

357,382

825,319

1,967,810

CREDITORS

Amounts falling due within one year

7

(698,549

)

(1,087,468

)

NET CURRENT ASSETS

126,770

880,342

TOTAL ASSETS LESS CURRENT LIABILITIES

269,978

1,032,263

CREDITORS

Amounts falling due after more than one year

8

-

(285,855

)

PROVISIONS FOR LIABILITIES

9

(14,254

)

(12,253

)

NET ASSETS

255,724

734,155

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

255,624

734,055

SHAREHOLDERS' FUNDS

255,724

734,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2026 and were signed by:

S Read - Director

1.	STATUTORY INFORMATION

New World Hotels Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principle 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 comparative figures are not entirely comparative as the period has been made up to 17 months.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group nor transactions with directors conducted at a market rate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Income is recognised when the tour involved has started.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website Development is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% - 33% on reducing balance

Tangible fixed assets are recognised at cost less accumulated depreciation.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Website

Development

£

COST

At 1 November 2024

and 31 March 2026

43,710

AMORTISATION

At 1 November 2024

20,281

Amortisation for period

6,193

At 31 March 2026

26,474

NET BOOK VALUE

At 31 March 2026

17,236

At 31 October 2024

23,429

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 November 2024

137,572

61,991

199,563

Additions

-

12,215

12,215

Disposals

-

(841

)

(841

)

At 31 March 2026

137,572

73,365

210,937

DEPRECIATION

At 1 November 2024

34,664

36,407

71,071

Charge for period

3,706

10,564

14,270

Eliminated on disposal

-

(376

)

(376

)

At 31 March 2026

38,370

46,595

84,965

NET BOOK VALUE

At 31 March 2026

99,202

26,770

125,972

At 31 October 2024

102,908

25,584

128,492

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Trade debtors

79,062

748,325

Other debtors

54,654

40,560

Intercompany loans

303,809

769,815

Prepayments and accrued income

22,173

51,728

459,698

1,610,428

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Bank loans and overdrafts

-

95,432

Trade creditors

198,022

574,606

Taxation and social security

79,284

218,588

Other creditors

28,040

21,185

Directors' current accounts

13,820

13,993

Accrued expenditure

29,177

26,483

Receipts in advance

350,206

137,181

698,549

1,087,468

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2024

£

£

Bank loans - 2-5 years

-

285,855

9.	PROVISIONS FOR LIABILITIES

2026

2024

£

£

Deferred tax

14,254

12,253

Deferred

tax

£

Balance at 1 November 2024

12,253

Accelerated capital allowances

2,001

Balance at 31 March 2026

14,254

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2024

value:

£

£

100

Ordinary

£1

100

100

11.	PARENT COMPANY

The company is a wholly owned subsidiary of Primrose Leisure Group Ltd, company number 15006732, registered office: Unit 2D Enterprise House, Valley Street North, Darlington, Co Durham DL1 1GY.