Bespoke Hotels (Wessex) Limited Filleted accounts for Companies House (small and micro)

BESPOKE HOTELS (WESSEX) LIMITED - Company Information

24 false false false false false false false false false true false false false false false false No description of principal activity 2020-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 16,832 16,832 251 251 16,581 xbrli:pure xbrli:shares iso4217:GBP 09307220 2020-04-01 2021-03-31 09307220 2021-03-31 09307220 2019-04-01 2020-03-31 09307220 2020-03-31 09307220 core:FurnitureFittings 2020-04-01 2021-03-31 09307220 bus:Director3 2020-04-01 2021-03-31 09307220 core:FurnitureFittings 2021-03-31 09307220 core:WithinOneYear 2021-03-31 09307220 core:WithinOneYear 2020-03-31 09307220 core:ShareCapital 2021-03-31 09307220 core:ShareCapital 2020-03-31 09307220 core:RetainedEarningsAccumulatedLosses 2021-03-31 09307220 core:RetainedEarningsAccumulatedLosses 2020-03-31 09307220 bus:SmallEntities 2020-04-01 2021-03-31 09307220 bus:AuditExemptWithAccountantsReport 2020-04-01 2021-03-31 09307220 bus:FullAccounts 2020-04-01 2021-03-31 09307220 bus:SmallCompaniesRegimeForAccounts 2020-04-01 2021-03-31 09307220 bus:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31

COMPANY REGISTRATION NUMBER: 09307220

BESPOKE HOTELS (WESSEX) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2021

BESPOKE HOTELS (WESSEX) LIMITED

FINANCIAL STATEMENTS

Year ended 31 March 2021

CONTENTS	PAGES

Balance sheet	1

Notes to the financial statements	2 to 5

BESPOKE HOTELS (WESSEX) LIMITED

BALANCE SHEET

31 March 2021

	2021	2020
Note	£	£

FIXED ASSETS

Tangible assets	5	16,581	–

CURRENT ASSETS

Stocks		8,159	16,786
Debtors	6	17,345	21,770
Cash at bank and in hand		45,121	97,635
		--------	---------
		70,625	136,191

CREDITORS: amounts falling due within one year	7	( 127,459)	( 151,710)
		---------	---------
NET CURRENT LIABILITIES		( 56,834)	( 15,519)
		--------	--------
TOTAL ASSETS LESS CURRENT LIABILITIES		( 40,253)	( 15,519)
		--------	--------
NET LIABILITIES		( 40,253)	( 15,519)
		--------	--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	( 40,353)	( 15,619)
	--------	--------
SHAREHOLDERS FUNDS	( 40,253)	( 15,519)
	--------	--------

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 profit and loss account has not been delivered.

For the year ending 31 March 2021 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 .

These financial statements were approved by the board of directors and authorised for issue on 29 March 2022 , and are signed on behalf of the board by:

Mr S L Littlefair

Director

Company registration number: 09307220

BESPOKE HOTELS (WESSEX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2021

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 210 Cygnet Court Centre Park, Warrington, Cheshire, WA1 1PP.

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.

Going concern

The accounts have been prepared on the going concern basis. The accounts show that the company had net liabilities of £40,253 at the balance sheet date. The directors have therefore had to consider the appropriateness of the going concern basis. The company has been able to finance its operations largely because of the support from the shareholders and other creditors. The directors are satisfied that these creditors will continue to support the company for at least the next twelve months and that, with this continuing support, the company will be able to meet its liabilities as they fall due. On the basis of the above, the directors consider it appropriate to prepare the accounts on a going concern basis.

Turnover

The turnover shown in the profit and loss account is derived from ordinary activities and represents the value of income due in the financial period, exclusive of Value Added Tax. Room income is recognised at the end of the financial day. Bar and restaurant takings are recognised at the point of sale.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

	Fixtures, fittings and equipment	-	15% 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. 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 synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 persons employed by the company during the year amounted to 24 (2020: 25 ).

5. TANGIBLE ASSETS

	Fixtures and fittings
	£
Cost
At 1 April 2020	–
Additions	16,832
	--------
At 31 March 2021	16,832
	--------
Depreciation
At 1 April 2020	–
Charge for the year	251
	--------
At 31 March 2021	251
	--------
Carrying amount
At 31 March 2021	16,581
	--------
At 31 March 2020	–
	--------

6. DEBTORS

	2021	2020
	£	£
Trade debtors	10,626	5,618
Other debtors	6,719	16,152
	--------	--------
	17,345	21,770
	--------	--------

7. CREDITORS: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	48,521	67,936
Social security and other taxes	9,229	20,432
Other creditors	69,709	63,342
	---------	---------
	127,459	151,710
	---------	---------