Steyne Hotels Limited in Worthing, BN11 3DU

Description

Data updated on: 01-11-2023

Registered with number 04241783 twenty three years ago, Steyne Hotels Limited was set up as a Private Limited Company. The company's official registration address is 19-23 The Steyne, Worthing. This enterprise's principal business activity number is 55100, that means Hotels and similar accommodation. The company's most recent filed accounts documents were submitted for the period up to 2022-04-30 and the most recent confirmation statement was submitted on 2023-06-15.

The firm provides hotel, bed&breakfast or guest house services. Its FHRSID is PI/000070996. It reports to Worthing and its last food inspection was carried out on 2022/04/04 in Chatsworth Hotel, 13 - 23 The Steyne, Worthing, BN11 3DU. The most recent quality assessment result obtained by the company is 5, which translates as very good. The components comprising this value are the following inspection results: 5 for hygiene, 5 for its structural management and 5 for confidence in management.

Within this particular business, the majority of director's obligations have so far been done by Peter C., Nicholas C., Lucinda D. and 3 other members of the Management Board who might be found within the Company Staff section of our website. Amongst these six managers, Michael C. has managed business for the longest time, having become a vital part of officers' team twenty three years ago. Moreover, the managing director's efforts are constantly backed by a secretary - David L., who was appointed by the business in June 2001.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-04-30	2017-04-30	2018-04-30	2019-04-30	2020-04-30	2021-04-30	2022-04-30
Currency

Balance Sheet
Cash Bank On Hand	33 783	84 564	34 966	120 993	14 613	50 088	173 592
Current Assets	313 537	362 911	300 228	375 880	144 141	178 292	360 738
Debtors	262 045	258 945	247 246	235 612	110 253	111 204	170 146
Net Assets Liabilities	3 739 895	4 053 343	3 471 959	3 476 114	3 342 504	3 471 583	3 445 810
Other Debtors	64 839	62 398	50 490	65 283	42 148	67 401	52 268
Property Plant Equipment	8 278 381	8 221 077	8 165 187	8 104 803	8 125 491	8 117 430	8 114 943
Total Inventories	17 709	19 402	18 016	19 275	19 275	17 000	17 000

Other Financial Data
Audit Fees Expenses	9 000	9 300	9 000	10 000	10 000	11 100	12 550
Accrued Liabilities Deferred Income	37 835	52 688	42 306	30 472	70 958
Accumulated Depreciation Impairment Property Plant Equipment	1 229 134	1 293 814	1 358 494	1 423 174	1 404 446	1 414 975	1 424 521
Additions Other Than Through Business Combinations Property Plant Equipment		7 376	8 790	4 296	1 960
Administrative Expenses	1 507 725	1 351 085	1 580 937	1 571 102	1 466 934	1 114 885	1 600 009
Average Number Employees During Period	113	100	100	109	114	70	80
Bank Borrowings	2 442 647	2 219 477	2 220 147	2 217 862	2 185 994	93 766	89 148
Bank Borrowings Overdrafts	2 226 941	1 992 452	2 177 951	2 151 191	90 417	2 108 744	2 022 161
Banking Arrangements Classified As Cash Cash Equivalents			-105 298		-90 417
Bank Overdrafts	105 315		105 298		90 417	36 245
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	19 226	15 381	12 305	9 844	7 875
Cash Cash Equivalents Cash Flow Value		84 564	-70 332	120 993	-75 804	13 843
Comprehensive Income Expense		313 448			-133 610	129 079	-25 773
Corporation Tax Payable	9 211	55 362	55 139	11 202	11 454	31 149	53 380
Corporation Tax Recoverable	132	223
Cost Sales	2 106 181	2 088 288	2 244 703	2 264 640	2 133 662	1 007 981	1 899 423
Creditors	2 226 941	1 992 452	2 977 951	3 127 422	1 120 854	3 118 401	2 969 394
Current Tax For Period		55 362		11 932		19 695	41 926
Debt Securities Held	68 012	41 746	44 669	15 728	25 389
Deferred Tax Asset Debtors	797		679	3 538	3 538
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period	16 553	41 800	517 034	-1 206	64 078
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	16 553	41 800	517 034	-1 206	64 078
Depreciation Amortisation Expense				2 461	-18 728	10 529	9 546
Depreciation Expense Property Plant Equipment	59 873	60 835	61 604	62 219	12 494	10 529	9 546
Depreciation Impairment Expense Property Plant Equipment			64 680	64 680	12 494
Finance Lease Liabilities Present Value Total	14 096	3 423	2 542	2 542
Finance Lease Payments Owing Minimum Gross	14 096	881		2 542
Finished Goods Goods For Resale	17 709	19 402	18 016	19 275	19 275
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	215 869	223 170	-670	2 285	31 868
Further Item Interest Expense Component Total Interest Expense					16 244	4 760	17 558
Further Item Tax Increase Decrease Component Adjusting Items	6 269	12 936	12 289	12 289	-3 558
Future Minimum Lease Payments Under Non-cancellable Operating Leases			9 626	3 019	7 313	7 313	8 499
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables			832 766	81 319	-151 312	-138 252	144 942
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables			-12 155	-12 839	127 013	-951	-59 406
Gain Loss In Cash Flows From Change In Inventories			-1 386	1 259	-3 414	-246 427
Gross Profit Loss	1 598 988	1 695 893	1 580 553	1 674 298	1 408 022	666 431	1 759 779
Income Taxes Paid Refund Classified As Operating Activities		-9 302		-55 868	5 118		-19 695
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation			154 896	-191 325	-196 797	89 647	159 749
Increase Decrease In Current Tax From Adjustment For Prior Periods					-4 867
Increase From Depreciation Charge For Year Property Plant Equipment		64 680	64 680	64 680	12 494	10 529	9 546
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	65 396	58 700	65 801	85 361	80 046
Interest Payable Similar Charges Finance Costs	65 396	60 673	78 066	88 315	96 541	87 124	86 749
Net Cash Flows From Used In Financing Activities			-672 789	-241 667	82 529	-69 740	135 648
Net Cash Flows From Used In Investing Activities			8 790	4 296	1 960	2 468	7 059
Net Cash Flows From Used In Operating Activities	-209 233	-270 315	818 895	46 046	112 308	-22 375	-302 456
Net Cash Generated From Operations	-274 629	-340 290	740 829	-98 137	20 885	-109 499	-408 900
Net Current Assets Liabilities	-2 311 545	-2 134 279	-1 156 561	-942 551	-976 713	-902 999	-864 840
Net Interest Paid Received Classified As Operating Activities	-65 396	-60 673	-78 066	-88 315	-96 541
Nominal Value Allotted Share Capital		760	760	760	760	760
Number Shares Issued Fully Paid			760	760		760	760
Operating Profit Loss	94 854	471 283	13 716	103 196	22 142	235 898	313 818
Other Creditors	1 768 283	1 687 809	702 992	653 541	249 042	240 587	299 303
Other Increase Decrease In Depreciation Impairment Property Plant Equipment					-31 222
Other Interest Expense			12 265	2 954	16 244
Other Operating Income Format1	3 591	126 475	14 100		81 054	684 352	154 048
Other Remaining Borrowings		127 000	800 000	1 043 952	195 833	39 400	57 377
Other Taxation Social Security Payable	116 029	147 247	129 932	148 394	204 601
Par Value Share			1	1		1	1
Payments Finance Lease Liabilities Classified As Financing Activities	-10 574	-10 673	-881		-2 542
Pension Other Post-employment Benefit Costs Other Pension Costs		11 946	12 226	22 113	29 952	24 660	29 592
Percentage Class Share Held In Subsidiary			100	100	100	100	100
Prepayments Accrued Income	140 485	154 578	154 115	160 329	44 585
Proceeds From Borrowings Classified As Financing Activities		-147 000	-2 250 000	-250 000		-146 990
Profit Loss	12 905	313 448	-581 384	4 155	-133 610	129 079	-25 773
Profit Loss On Ordinary Activities Before Tax	29 458	410 610	-64 350	14 881	-74 399	148 774	227 069
Property Plant Equipment Gross Cost	9 507 515	9 514 891	9 523 681	9 527 977	9 529 937	9 532 405	9 539 464
Provisions For Liabilities Balance Sheet Subtotal		41 003	558 716	558 716	624 447	624 447	834 899
Purchase Property Plant Equipment	-9 954	-7 376	-8 790	-4 296	-1 960	-2 468	-7 059
Repayments Borrowings Classified As Financing Activities			-1 577 000	-6 048	-79 987	-77 250	-135 648
Social Security Costs	93 232	99 335	109 693	110 066	106 584	83 065	126 356
Staff Costs Employee Benefits Expense	1 638 971	1 786 538	1 864 194	1 832 986	1 833 330	1 283 186	1 793 842
Taxation Including Deferred Taxation Balance Sheet Subtotal		41 003	558 716	558 716	624 447
Tax Decrease From Utilisation Tax Losses	12 161	34 188	-4 952		-11 932	8 281
Tax Expense Credit Applicable Tax Rate			-12 227	2 827	-14 136	28 267	43 143
Tax Increase Decrease From Effect Capital Allowances Depreciation		-5 423	-5 518	-3 414	-2 457	-212	-1 217
Tax Increase Decrease From Effect Different Tax Rates On Some Earnings			-644
Tax Increase Decrease From Effect Different U K Tax Rates On Some Earnings		-228	-644
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		143	1 148	230	-50	-79
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward					8 269
Tax Tax Credit On Profit Or Loss On Ordinary Activities	16 553	97 162	517 034	10 726	59 211	19 695	252 842
Total Assets Less Current Liabilities	5 966 836	6 086 798	7 008 626	7 162 252	7 148 778	7 214 431	7 250 103
Total Borrowings	2 226 941	1 992 452	3 125 445	3 261 814	2 472 244	169 411	146 525
Total Current Tax Expense Credit				11 932	-4 867	19 695
Total Operating Lease Payments	8 643	10 785	8 623	6 792	5 432	8 995	12 448
Trade Creditors Trade Payables	358 607	196 636	376 384	337 888	185 323	143 115	259 349
Trade Debtors Trade Receivables	55 792	41 746	41 962	8 116	19 982	3 724	19 460
Turnover Revenue	3 705 169	3 784 181	3 825 256	3 938 938	3 541 684	1 674 412	3 659 202
Wages Salaries	1 545 739	1 675 257	1 742 275	1 700 807	1 696 794	1 175 461	1 637 894
Company Contributions To Defined Benefit Plans Directors		1 193	1 624	2 270	3 769
Director Remuneration				179 963	210 569	201 532	338 305
Director Remuneration Benefits Including Payments To Third Parties			172 557	182 233	214 338
Company Contributions To Money Purchase Plans Directors					3 769	2 414	7 205
Number Directors Accruing Benefits Under Defined Benefit Scheme					3	2	3
Accrued Liabilities					70 958	32 582	29 554
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss							210 452
Applicable Tax Rate					19	19	19
Finished Goods					19 275	17 000	17 000
Fixed Assets					8 125 491	8 117 430	8 114 943
Increase Decrease In Stocks Inventories Finished Goods Work In Progress						-2 275
Interest Expense					251
Interest Expense On Bank Overdrafts					80 046	82 364	69 191
Interest Paid Classified As Operating Activities					-80 297	-82 364	-69 191
Net Assets Liabilities Subsidiaries					35	35	-137
Other Deferred Tax Expense Credit							210 916
Prepayments					44 585	36 541	95 344
Provisions					624 447	624 447	834 899
Total Additions Including From Business Combinations Property Plant Equipment						2 468	7 059

Resigned: 16 January 2024

Latest update: 7 April 2024

Crs Legal Services Limited

Role: Corporate Nominee Secretary

Appointed: 27 June 2001

Resigned: 27 June 2001

Address: 43a Whitchurch Road, Cardiff, South Glamorgan, CF4 3JN

Latest update: 7 April 2024

Mc Formations Limited

Role: Corporate Nominee Director

Appointed: 27 June 2001

Resigned: 27 June 2001

Address: 43a Whitchurch Road, Cardiff, South Glamorgan, CF4 3JN

Latest update: 7 April 2024

People with significant control

Michael C. is the individual who controls this firm, owns over 3/4 of company shares.

Michael C.

Notified on 6 April 2016

Nature of control:

over 3/4 of shares

Accounts Documents

Account next due date	31 January 2024
Account last made up date	30 April 2022
Confirmation statement next due date	29 June 2024
Confirmation statement last made up date	15 June 2023

Annual Accounts
Start Date For Period Covered By Report	2016-05-01
Annual Accounts
Start Date For Period Covered By Report	2017-05-01
End Date For Period Covered By Report	2018-04-30
Annual Accounts
Start Date For Period Covered By Report	2018-05-01
End Date For Period Covered By Report	2019-04-30
Annual Accounts
Start Date For Period Covered By Report	2019-05-01
End Date For Period Covered By Report	2020-04-30
Annual Accounts
Start Date For Period Covered By Report	01 May 2020
End Date For Period Covered By Report	30 April 2021
Annual Accounts
Start Date For Period Covered By Report	01 May 2021
End Date For Period Covered By Report	30 April 2022
Annual Accounts
End Date For Period Covered By Report	2017-04-30

Steyne Hotels Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Peter C.

Nicholas C.

Lucinda D.

David L.

Gillian C.

Michael C.

David L.

James D.

Crs Legal Services Limited

Mc Formations Limited

People with significant control

Michael C.

Accounts Documents

The Chatsworth Hotel food hygiene ratings

Hotel/bed & breakfast/guest house address

Address

Suburb

Town

County

District

State

Post code

Food rating: 5

Hygiene

Structural

Confidence in Management

Company filings

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