0 false false false false false false false false false true false false false false false false No description of principal activity 2021-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 62,381 640 63,021 60,140 720 60,860 2,161 2,241 xbrli:pure xbrli:shares iso4217:GBP 03747119 2021-01-01 2021-12-31 03747119 2021-12-31 03747119 2020-12-31 03747119 2020-12-31 03747119 core:FurnitureFittings 2021-01-01 2021-12-31 03747119 bus:Director2 2021-01-01 2021-12-31 03747119 core:WithinOneYear 2021-12-31 03747119 core:WithinOneYear 2020-12-31 03747119 core:FurnitureFittings 2020-12-31 03747119 core:FurnitureFittings 2021-12-31 03747119 core:ShareCapital 2021-12-31 03747119 core:ShareCapital 2020-12-31 03747119 core:RetainedEarningsAccumulatedLosses 2021-12-31 03747119 core:RetainedEarningsAccumulatedLosses 2020-12-31 03747119 core:BetweenOneFiveYears 2021-12-31 03747119 core:FurnitureFittings 2020-12-31 03747119 bus:SmallEntities 2021-01-01 2021-12-31 03747119 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 03747119 bus:FullAccounts 2021-01-01 2021-12-31 03747119 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 03747119 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31
COMPANY REGISTRATION NUMBER: 03747119
SC HOTELS LIMITED
Filleted Unaudited Financial Statements
31 December 2021
SC HOTELS LIMITED
Balance Sheet
31 December 2021
2021
2020
Note
£
£
£
Fixed assets
Tangible assets
5
2,161
2,241
Current assets
Debtors
6
49,202
35,868
Cash at bank and in hand
51,272
36,455
---------
--------
100,474
72,323
Creditors: amounts falling due within one year
7
( 38,277)
( 16,683)
---------
--------
Net current assets
62,197
55,640
--------
--------
Total assets less current liabilities
64,358
57,881
--------
--------
Net assets
64,358
57,881
--------
--------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
63,358
56,881
--------
--------
Shareholders funds
64,358
57,881
--------
--------
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 statement of income and retained earnings has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SC HOTELS LIMITED
Balance Sheet (continued)
31 December 2021
These financial statements were approved by the board of directors and authorised for issue on 11 July 2022 , and are signed on behalf of the board by:
Mr S Kara
Director
Company registration number: 03747119
SC HOTELS LIMITED
Notes to the Financial Statements
Year ended 31 December 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 6 Bruce Grove, London, N17 6RA.
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.
Revenue recognition
Turnover represents income derived from the rental of hotel rooms, exclusive of Value Added Tax and is recognised when the service has been provided.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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 and fittings
-
25% reducing balance
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
4. Employee numbers
The average number of persons employed by the company during the year was Nil.
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 January 2021
62,381
62,381
Additions
640
640
--------
--------
At 31 December 2021
63,021
63,021
--------
--------
Depreciation
At 1 January 2021
60,140
60,140
Charge for the year
720
720
--------
--------
At 31 December 2021
60,860
60,860
--------
--------
Carrying amount
At 31 December 2021
2,161
2,161
--------
--------
At 31 December 2020
2,241
2,241
--------
--------
6. Debtors
2021
2020
£
£
Trade debtors
12,179
11,428
Prepayments and accrued income
5,614
5,634
Other debtors
31,409
18,806
--------
--------
49,202
35,868
--------
--------
7. Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
9,722
7,033
Accruals and deferred income
28,271
8,979
Social security and other taxes
73
671
Other creditors
211
--------
--------
38,277
16,683
--------
--------
8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2021
2020
£
£
Not later than 1 year
50,000
Later than 1 year and not later than 5 years
138,667
---------
--------
138,667
50,000
---------
--------
9. Related party transactions
The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.