ANOTHER PLACE LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

S&W Partners Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the balance sheet date, the group had net current liabilities of £3,579,615 (2023 - £1,744,666) and net assets of £5,065,256 (2023 - £2,239,937 net liabilities). The existence of net current liabilities may indicate a risk that the group cannot meet its obligations as and when they fall due. However net liabilities includes: Payments on account of £2,375,831 (2023 - £1,395,931) which relates to deposits on future stays. It is expected that, on the basis that booking patterns and occupancies are maintained, then the utilised deposits will be replaced by deposits received for future stays in subsequent periods. Loans and borrowings from connected undertakings of £1,371,408 (2023 - £1,388,125) relating to loans from connected undertakings. Preference shares which have been extended post year end to September 2031. On 14 October 2021, the group arranged new banking facilities of up to £5.2m with scheduled repayments from December 2021. On 22nd October 2022 (and updated in 2023), additional new banking facilities were arranged as part of the acquisition of Brackenrigg resulting in an additional £1.5m, with scheduled repayment starting on 31st December 2022. The group is currently re-negotiating its facilities with its bankers. Management have assessed several factors in respect of the appropriateness of the going concern assertion, and in particular the impact of the ongoing economic uncertainty. The Directors undertake a process of projecting incomes on a rolling basis, regularly analysing cashflow, regularly updating cashflow forecasts and regularly reviewing performance against budget. These forecasts and reviews incorporate several assumptions which are actively monitored and sensitised by management. The forecasts produced by management also consider the disposal of the Amport House site, however if this were not to occur then there would be further support provided by the wider group under the control of Actev II Limited. An impairment of the carrying value of Amport House has been recognised as an exceptional item within the financial statements in the current year as disclosed in a separate note. After due consideration of these factors, the Directors are satisfied that the Group will be able to operate within its available facilities and continue as a going concern for the foreseeable future.”

Group structure

1. ANOTHER PLACE LIMITED · parent
   1. Another Place Lakes Limited 100% · England and Wales · operation of a hotel
   2. Another Place Developments Limited 100% · England and Wales · development of a hotel
   3. Another Place the Machrie Limited 100% · Scotland · operation of a hotel

Significant events

• “In April 2023, Another Place, the Lake, acquired the Brackenrigg Inn for a consideration of £2m, plus stamp duty and fees.”
• “On 6 April 2023, the group amended and restated its banking facilities, with Barclays Bank Plc, to increase its committed term loan facility to £6.7m.”
• “In March 2024, the Group acquired Another Place, the Machrie from Actev II Limited.”
• “Actev II Limited also increased their shareholding in Another Place Limited from 39.7% to 50.1%.”
• “The group owns a second site in Amport, Hampshire over which planning permission was secured in November 2023.”
• “Cash balances have decreased from 30 September 2023 to £1m during the period.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

12

last 12 months

Capital events

4

last 24 months

Officers appointed

2

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.