Registration number:
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
for the Year Ended 28 February 2025
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Contents
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Company Information |
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Strategic Report |
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Director's Report |
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Statement of Director's Responsibilities |
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Independent Auditor's Report |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Company Information
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Director |
A J Lavin |
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Registered office |
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Auditors |
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AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Strategic Report for the Year Ended 28 February 2025
The director presents his strategic report for the year ended 28 February 2025.
Principal activity
The principal activity of the company is a hotel with a bar, restaurant and health spa open to non-residents.
Fair review of the business
We aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and it written in the contect of the risks and uncertainties we face.
The results for the year are set out on page 9.
The director considers the profit achieved on ordinary activities before taxation to be satisfactory taking into consideration the competition in the local market and current economic climate.
During the year, the hotel was sold on 9 October 2024 and is no longer owned by the company.
The company's key financial and other performance indicators during the year were as follows:
|
Financial KPIs |
Unit |
2025 |
2024 |
|
Turnover |
£'000 |
2,984 |
4,522 |
|
Profit/(Loss) before tax |
£'000 |
2,835 |
610 |
|
Net assets |
£'000 |
3,553 |
1,753 |
|
Number of employees |
67 |
114 |
|
|
Gross profit percentage |
% |
34 |
35 |
Principal risks and uncertainties
In order to manage the company successfully, the strategic and operational risks facing the company are regularly reviewed and the company's risk management procedures are updated to reflect the process.
Approved and authorised by the
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AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Director's Report for the Year Ended 28 February 2025
The director presents his report and the financial statements for the year ended 28 February 2025.
Director of the company
The director who held office during the year was as follows:
Results and dividend
An interim dividend of £500,000 was paid in the year.
The directors do not recommend the payment of a final dividend.
Information included in the Strategic Report
Information in respect of principle activities, review of business performance, principal risks and uncertainties, future developments and KPI's can be found in the strategic report and form part of this report by cross reference.
Going concern
During the year, the company sold the hotel on 9 October 2024. After taking this and other factors into account, the accounts have been prepared on a basis other than going concern.
Change of company name
The company has changed it's name on 16 October 2024 to "AJL Developments Limited".
Disclosure of information to the auditors
The director of the company who held office at the date of the approval of this Annual Report as set out above, confirms that:
• so far as he are aware, there is no relevant audit information (information needed by the company's auditors in connection with preparing their report) of which the company's auditors are unaware, and
• he has taken all the steps that they ought to have taken as Director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Reappointment of auditors
The auditors Hawsons Chartered Accountants are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Approved and authorised by the
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AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Statement of Director's Responsibilities
The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
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select suitable accounting policies and apply them consistently; |
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• |
make judgements and accounting estimates that are reasonable and prudent; |
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• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Independent Auditor's Report to the Members of AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Opinion
We have audited the financial statements of AJL Developments Limited (Formerly Hellaby Hall Hotel Limited) (the 'company') for the year ended 28 February 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
• | give a true and fair view of the state of the company's affairs as at 28 February 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Emphasis of matter
We draw attention to Note 1 - 'Basis of preparation' to the financial statements which explains that the company sold the hotel on 9 October 2024. The director has taken the decision that the company will remain in existence, albeit as a non-trading company. Consequently, the director does not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 1.
Our opinion is not modified in respect of this matter.
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Independent Auditor's Report to the Members of AJL Developments Limited (Formerly Hellaby Hall Hotel Limited) (continued)
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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• |
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors’ remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of the director
As explained more fully in the Statement of Director's Responsibilities set out on page 4, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Independent Auditor's Report to the Members of AJL Developments Limited (Formerly Hellaby Hall Hotel Limited) (continued)
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The company is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the company and the environment it operates within, we determined that the laws and regulations which were most significant included FRS 102, Companies Act 2006 and Health and Safety regulations. We considered the extent to which non-compliance with these laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate journal entries to improve the company’s result for the period, and management bias in key accounting estimates.
Audit procedures performed by the engagement team included:
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• |
Discussions with management and those responsible for legal compliance procedures within the company to obtain an understanding of the legal and regulatory framework applicable to the company and how the company complies with that framework, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud; |
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Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud and non-compliance with laws and regulations; |
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Challenging assumptions and judgements made by management in their significant accounting estimates; |
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Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or posted by senior management. |
There are inherent limitations in the audit procedures described above and the more removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Independent Auditor's Report to the Members of AJL Developments Limited (Formerly Hellaby Hall Hotel Limited) (continued)
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
5 Sidings Court
White Rose Way
South Yorkshire
DN4 5NU
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Statement of Comprehensive Income for the Year Ended 28 February 2025
|
Note |
2025 |
2024 |
|
|
Turnover |
|
4,522,432 |
|
|
Cost of sales |
( |
(2,939,902) |
|
|
Gross profit |
|
1,582,530 |
|
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Administrative expenses |
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(821,366) |
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Exceptional items |
- |
33,109 |
|
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Operating profit |
|
794,273 |
|
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Other interest receivable and similar income |
|
- |
|
|
Interest payable and similar charges |
( |
(184,636) |
|
|
Profit before tax |
|
609,637 |
|
|
Taxation |
( |
(168,925) |
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Profit for the financial year |
|
440,712 |
|
|
Total comprehensive income for the year |
2,300,781 |
440,712 |
The above results were derived from continuing operations.
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
(Registration number: 05029088)
Balance Sheet as at 28 February 2025
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Note |
2025 |
2024 |
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Fixed assets |
|||
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Intangible assets |
- |
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Tangible assets |
- |
|
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|
- |
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||
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Current assets |
|||
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Stocks |
- |
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Debtors |
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Cash at bank and in hand |
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||
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
|
( |
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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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Net assets |
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|
|
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Capital and reserves |
|||
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Called up share capital |
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|
|
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Retained earnings |
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|
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Shareholders' funds |
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|
Approved and authorised by the
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AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Statement of Changes in Equity for the Year Ended 28 February 2025
|
Share capital |
Retained earnings |
Total |
|
|
At 1 March 2024 |
|
|
|
|
Profit for the year |
- |
|
|
|
Dividends |
- |
( |
( |
|
At 28 February 2025 |
|
|
|
|
Share capital |
Retained earnings |
Total |
|
|
At 1 March 2023 |
|
|
|
|
Profit for the year |
- |
|
|
|
At 29 February 2024 |
2 |
1,752,568 |
1,752,570 |
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Notes to the Financial Statements for the Year Ended 28 February 2025
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Accounting policies |
Statutory information
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited) is a private company, limited by shares, domiciled in England and Wales, company number 05029088. The registered office is at West Retford Hotel, 24 North Road, Retford, DN22 7XG.
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'.
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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
During the year, the company sold the hotel on 9 October 2024. The director has taken the decision that the company will remain in existence, albeit as a non-trading company. Consequently, the accounts have been prepared on a basis other than going concern.
Revenue recognition
Turnover is measured at fair value of the consideration receivable for the provision of goods and services, net of discounts and VAT. Revenue from the provision of goods and services is recognised when the significant risks and rewards of ownership have transferred to the buyer, the revenue can be reliably measured, 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 reliably measured.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in Statement of Comprehensive Income, 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.
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 taxable income.
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)
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1 |
Accounting policies (continued) |
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
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
The Company's freehold land and buildings consists of the hotel used in the Company's principle activity. No depreciation charge is made against the hotel land and buildings on the grounds that their estimated residual value is such that any depreciation charge would be immaterial.
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 |
|
Property improvements |
20% reducing balance |
|
Plant and machinery |
20% reducing balance |
|
Fixtures and fittings |
16% straight line |
|
Equipment |
20% reducing balance |
Impairment of fixed asset
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.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergics of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)
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1 |
Accounting policies (continued) |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Goodwill |
10% straight line |
Stocks
Stocks are stated at the lower of cost and net realisable value and the valuations are undertaken by an independent professional valuer.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)
|
1 |
Accounting policies (continued) |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
|
Operating profit |
Arrived at after charging/(crediting):
|
2025 |
2024 |
|
|
Depreciation expense |
- |
108,268 |
|
Amortisation expense |
- |
75,000 |
|
Profit on disposal of business |
(2,497,637) |
- |
|
Profit on disposal of property, plant and equipment |
( |
- |
|
Bad debts |
|
- |
|
Exceptional items |
|
2025 |
2024 |
|
|
Exceptional items |
- |
33,109 |
£33,106 was recognised in respect of insurance claims receivable in the previous year.
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on bank overdrafts and borrowings |
|
|
|
Interest expense on other finance liabilities |
|
|
|
|
|
|
Staff costs |
The aggregate payroll costs incurred during the year were as follows;
|
2025 |
2024 |
|
|
Wages and salaries |
|
1,649,282 |
|
Social security costs |
|
100,456 |
|
Pension costs, defined contribution scheme |
|
25,033 |
|
|
1,774,771 |
The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Production |
|
|
|
Administration and support |
|
|
|
|
|
|
Director's remuneration |
The director's remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
( |
|
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Tax (decrease)/increase from effect of capital allowances and depreciation |
( |
|
|
Goodwill relief on disposals |
( |
- |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
- |
|
Tax decrease arising from group relief |
( |
- |
|
Tax increase from effect of capital gains |
|
- |
|
Total tax charge |
|
|
Deferred tax
Deferred tax assets and liabilities
|
2025 |
Liability |
|
- |
|
2024 |
Liability |
|
Accelerated capital allowances |
|
|
|
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)
|
Intangible assets |
|
Goodwill |
|
|
Cost |
|
|
At 1 March 2024 |
|
|
Disposals |
( |
|
At 28 February 2025 |
- |
|
Amortisation |
|
|
At 1 March 2024 |
|
|
Amortisation eliminated on disposals |
( |
|
At 28 February 2025 |
- |
|
Carrying amount |
|
|
At 28 February 2025 |
- |
|
At 29 February 2024 |
|
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)
|
Tangible assets |
|
Land and buildings |
Fixtures and fittings |
Plant and machinery |
Motor vehicles |
Total |
|
|
Cost or valuation |
|||||
|
At 1 March 2024 |
|
|
|
|
|
|
Additions |
- |
- |
|
- |
|
|
Disposals |
( |
( |
( |
( |
( |
|
At 28 February 2025 |
- |
- |
- |
- |
- |
|
Depreciation |
|||||
|
At 1 March 2024 |
|
|
|
|
|
|
Eliminated on disposal |
( |
( |
( |
( |
( |
|
At 28 February 2025 |
- |
- |
- |
- |
- |
|
Carrying amount |
|||||
|
At 28 February 2025 |
- |
- |
- |
- |
- |
|
At 29 February 2024 |
|
|
|
|
|
Included within the net book value of land and buildings above is £Nil (2024: £4,447,726) in respect of freehold land and buildings, of which £Nil (2024: £4,443,316) is not depreciated.
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)
|
Stocks |
|
2025 |
2024 |
|
|
Other inventories |
- |
|
|
Debtors |
|
Current |
Note |
2025 |
2024 |
|
Trade debtors |
- |
|
|
|
Amounts owed by related parties |
- |
|
|
|
Other debtors |
|
|
|
|
Prepayments |
- |
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
|
- |
|
Cash at bank |
|
|
|
|
|
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)
|
Creditors |
|
2025 |
2024 |
|
|
Due within one year |
||
|
Loans and borrowings |
- |
198,025 |
|
Trade creditors |
|
236,139 |
|
Social security and other taxes |
- |
160,002 |
|
Outstanding defined contribution pension costs |
- |
7,157 |
|
Other payables |
- |
124,812 |
|
Accruals and deferred income |
|
447,690 |
|
Corporation tax liability |
807,359 |
240,429 |
|
|
1,414,254 |
|
|
Due after one year |
||
|
Loans and borrowings |
- |
1,533,394 |
|
Amount due to related parties |
|
1,342,636 |
|
1,868,968 |
2,876,030 |
The bank loan was secured by a fixed and floating charge over the company's assets. Interest is charged on the bank loan at 2.1% over the base rate. The loans were fully repaid during the year.
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 March 2024 |
|
|
|
Movement in year |
( |
( |
|
At 28 February 2025 |
- |
- |
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £Nil (2024 - £
AJL Developments Limited (Formerly Hellaby Hall Hotel Limited)
Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
2 |
|
2 |
The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company. All ordinary shares rank equally with regards to the Company's residual assets.
|
Reserves |
Profit and loss account - This reserve records retained earnings and accumulated losses.
|
Loans and borrowings |
Non-current loans and borrowings
|
2025 |
2024 |
|
|
Bank borrowings |
- |
|
Current loans and borrowings
|
2025 |
2024 |
|
|
Bank borrowings |
- |
|
|
Related party transactions |
The immediate and ultimate parent undertaking and controlling party is AJL Hotel Limited, which prepares group financial statements. Its registered office is Hellaby Hall Hotel, Old Hellaby Lane, Hellaby, Rotherham, United Kingdom, S66 8SN and Mr A Lavin is the sole director and shareholder.
The company has taken advantage of the exemption under FRS102 in relation to the disclosure of other Group companies.