Yorkshire Period Hotels Limited - Period Ending 2021-03-31

Yorkshire Period Hotels Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Yorkshire Period Hotels Limited

Company Information

Directors

Stephen Michael Hogarth Kathryn Elizabeth Nicholson

Registered office

Office Suite 1 Cave Castle Hotel South Cave Brough East Yorkshire HU15 2EU

Yorkshire Period Hotels Limited

(Registration number: 04079861)
Balance Sheet as at 31 March 2021

	Note	2021 £	2020 £
Fixed assets
Investments	4	4,278,913	4,278,501
Current assets
Cash at bank and in hand		425	425
Creditors: Amounts falling due within one year	5	(4,176,554)	(4,032,175)
Net current liabilities		(4,176,129)	(4,031,750)
Net assets		102,784	246,751
Capital and reserves
Called up share capital	6	20	100
Capital redemption reserve		80	-
Revaluation reserve		(59,732)	(60,144)
Profit and loss account		162,416	306,795
Shareholders' funds		102,784	246,751

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 October 2021 and signed on its behalf by:
 

.........................................

Stephen Michael Hogarth
Director

Yorkshire Period Hotels Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

1	General information

The company is a private limited company limited by share capital incorporated in England and Wales and the company registration number is 04079861.

The address of its registered office is:
Office Suite 1
Cave Castle Hotel
South Cave
Brough
East Yorkshire
HU15 2EU

These financial statements were authorised for issue by the Board on 19 October 2021.

2	Accounting policies

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The company has net current liabilities of £4,176,129 as at 31 March 2021. The company is dependent on the continued financial support of its wholly owned subsidiary and other related companies, who have agreed to provide support and will not demand repayment of amounts owed. Accordingly, the financial statements have been prepared on the going concern basis.

Investments

Investments in equity shares which are not publicly traded are recognised at fair value with changes in fair value recognised in other comprehensive income.

Dividends on equity shares are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2020 - 1).

Yorkshire Period Hotels Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

4	Investments

	2021 £	2020 £
Investments in subsidiaries	3,660,198	3,524,933
Investments in associates	618,715	753,568
	4,278,913	4,278,501

Subsidiaries	£
Cost or valuation
At 1 April 2020	3,524,933
Revaluation	135,265
At 31 March 2021	3,660,198
Carrying amount
At 31 March 2021	3,660,198
At 31 March 2020	3,524,933

Cost or valuation at 31 March 2021 is represented by:
 

	Subsidiaries
Cost	3,082,395
Valuation in 2017	(80,231)
Valuation in 2018	370,912
Valuation in 2019	128,495
Valuation in 2020	23,362
Valuation in 2021	135,265
Total	3,660,198

Associates	£
Cost
At 1 April 2020	753,568
Revaluation	(134,853)
At 31 March 2021	618,715
Carrying amount
At 31 March 2021	618,715
At 31 March 2020	753,568

Yorkshire Period Hotels Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

Cost or valuation at 31 March 2021 is represented by:
 

	Associates
Cost	1,256,250
Valuation in 2017	(753,702)
Valuation in 2018	251,020
Valuation in 2019	-
Valuation in 2020	-
Valuation in 2021	(134,853)
Total	618,715

5

Creditors

Creditors: amounts falling due within one year

	Note	2021 £	2020 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		4,175,087	4,030,708
Accruals and deferred income		1,467	1,467
		4,176,554	4,032,175

6	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary shares of £1 each	20	20	100	100

On 28 January 2021 the company purchased 80 of its own shares.

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Revaluation reserve £	Total £
Surplus/(deficit) on revaluation of other assets	412	412

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

	Revaluation reserve £	Total £
Surplus/(deficit) on revaluation of other assets	23,362	23,362