The Augustus Hotel (Bham) Limited - Accounts to registrar (filleted) - small 18.2
The Augustus Hotel (Bham) Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 |
FOR |
THE AUGUSTUS HOTEL (BHAM) LIMITED |
THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
THE AUGUSTUS HOTEL (BHAM) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474) |
BALANCE SHEET |
31 OCTOBER 2020 |
31/10/20 | 31/10/19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Revaluation reserve | 13 |
Retained earnings | 13 |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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 AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474) |
BALANCE SHEET - continued |
31 OCTOBER 2020 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2020 |
1. | STATUTORY INFORMATION |
The Augustus Hotel (Bham) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
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. |
Tangible fixed assets |
Freehold property | - |
Improvements to property | - |
Fixtures and fittings | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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. |
THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2020 |
2. | ACCOUNTING POLICIES - continued |
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 year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 November 2019 |
and 31 October 2020 |
AMORTISATION |
At 1 November 2019 |
Amortisation for year |
At 31 October 2020 |
NET BOOK VALUE |
At 31 October 2020 |
At 31 October 2019 |
5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and |
property | property | fittings | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 November 2019 |
Additions |
At 31 October 2020 |
DEPRECIATION |
At 1 November 2019 |
Charge for year |
At 31 October 2020 |
NET BOOK VALUE |
At 31 October 2020 |
At 31 October 2019 |
THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2020 |
5. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31 October 2020 is represented by: |
Improvements | Fixtures |
Freehold | to | and |
property | property | fittings | Totals |
£ | £ | £ | £ |
Valuation in 2010 | 43,561 | - | - | 43,561 |
Cost | 2,024,581 | 764,997 | 908,937 | 3,698,515 |
2,068,142 | 764,997 | 908,937 | 3,742,076 |
If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
31/10/20 | 31/10/19 |
£ | £ |
Cost | 2,024,581 | 2,024,581 |
Value of land in freehold land and buildings | 2,024,581 | 2,024,581 |
Freehold land and buildings were valued on open market basis on 17 February 2010 by Taylors Business Surveyors & Valuers Ltd . |
6. | STOCKS |
31/10/20 | 31/10/19 |
£ | £ |
Stocks |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/10/20 | 31/10/19 |
£ | £ |
Prepayments |
THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2020 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/10/20 | 31/10/19 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 18,639 | 38,836 |
Deferred income and advances | 3,318 | 7,449 |
Shareholders loan accounts | 792,473 | 408,860 |
RBS Credit Card | 2,098 | 1,472 |
Wages Control | 53,634 | 53,634 |
Nest Pensions | 2,195 | 1,886 |
Directors' current accounts | - | 389,613 |
Accrued expenses |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/10/20 | 31/10/19 |
£ | £ |
Bank loans (see note 10) |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 100,000 | - |
10. | LOANS |
An analysis of the maturity of loans is given below: |
31/10/20 | 31/10/19 |
£ | £ |
Amounts falling due between one and two years: |
RBS Loan | 1,135,285 | 1,160,539 |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 100,000 | - |
THE AUGUSTUS HOTEL (BHAM) LIMITED (REGISTERED NUMBER: 05708474) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2020 |
11. | SECURED DEBTS |
The following secured debts are included within creditors: |
31/10/20 | 31/10/19 |
£ | £ |
Bank loans |
The bank borrowing is secured by: |
1. 1st Legal charge -Granted by Augustus Hotel (BHAM) Limited -is secured against the Edgbaston Palace Hotel, 198-200 Hagley Road, Birmingham and its associated assets.(Freehold Property) |
2. 1st Legal charge -Granted by Augustus Hotel (BHAM) Limited- is secured against the Edgbaston Palace Hotel, 202 Hagley Road, Birmingham and its associated assets. |
3. Debentures -Granted by Augustus Hotel (BHAM) Limited . |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/10/20 | 31/10/19 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
13. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1 November 2019 | 1,032,132 |
Deficit for the year | ( |
) | ( |
) |
At 31 October 2020 | 876,949 |