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REGISTERED NUMBER: 07041360 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Charlie Hotel Ltd

Charlie Hotel Ltd (Registered number: 07041360)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

Charlie Hotel Ltd

Company Information
for the Year Ended 31 October 2022







DIRECTORS: Mr Andreas Charalambous
Mrs Eleni Georgiou





REGISTERED OFFICE: 63 Anson Road
Tufnell Park
London
N7 0AR





REGISTERED NUMBER: 07041360 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

Charlie Hotel Ltd (Registered number: 07041360)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,899,400 2,627,682
Investments 5 600 600
2,900,000 2,628,282

CURRENT ASSETS
Debtors 6 9,875 10,454
Cash at bank and in hand 50,162 52,160
60,037 62,614
CREDITORS
Amounts falling due within one year 7 476,831 419,851
NET CURRENT LIABILITIES (416,794 ) (357,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,483,206

2,271,045

CREDITORS
Amounts falling due after more than one year 8 (352,486 ) (473,718 )

PROVISIONS FOR LIABILITIES 11 (70,440 ) (1,739 )
NET ASSETS 2,060,280 1,795,588

CAPITAL AND RESERVES
Called up share capital 12 100 100
Revaluation reserve 13 1,871,317 1,596,513
Retained earnings 13 188,863 198,975
SHAREHOLDERS' FUNDS 2,060,280 1,795,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

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.

Charlie Hotel Ltd (Registered number: 07041360)

Balance Sheet - continued
31 October 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 10 October 2023 and were signed on its behalf by:




Mr Andreas Charalambous - Director



Mrs Eleni Georgiou - Director


Charlie Hotel Ltd (Registered number: 07041360)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Charlie Hotel Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

Charlie Hotel Ltd (Registered number: 07041360)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 November 2021 2,900,000 113,051 3,013,051
Revaluations 274,804 - 274,804
At 31 October 2022 3,174,804 113,051 3,287,855
DEPRECIATION
At 1 November 2021 287,746 97,623 385,369
Charge for year - 3,086 3,086
At 31 October 2022 287,746 100,709 388,455
NET BOOK VALUE
At 31 October 2022 2,887,058 12,342 2,899,400
At 31 October 2021 2,612,254 15,428 2,627,682

Cost or valuation at 31 October 2022 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2022 274,804 - 274,804
Cost 2,900,000 113,051 3,013,051
3,174,804 113,051 3,287,855

5. FIXED ASSET INVESTMENTS
Investments
£   
COST
At 1 November 2021
and 31 October 2022 600
NET BOOK VALUE
At 31 October 2022 600
At 31 October 2021 600

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Dalmeny Mews Ltd
Registered office: 63 Anson Road, London, England, N7 0AR.
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 100.00

Charlie Hotel Ltd (Registered number: 07041360)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 245 3,109
Other debtors 598 -
VAT - 1,461
Prepayments and accrued income 9,032 5,884
9,875 10,454

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts (see note 9) 61,735 -
Trade creditors 18,585 6,315
Tax 14,467 17,133
Social security and other taxes 370 -
VAT 17,030 -
Other creditors 358,644 382,207
Accrued expenses 6,000 14,196
476,831 419,851

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Bank loans (see note 9) 352,486 473,718

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 313,260 425,182

9. LOANS

An analysis of the maturity of loans is given below:

31.10.22 31.10.21
£    £   
Amounts falling due within one year or on demand:
Bank loans 55,961 -
Bounce Back loans 5,774 -
61,735 -

Amounts falling due between two and five years:
Bounce Back loans 39,226 48,536

Amounts falling due in more than five years:

Charlie Hotel Ltd (Registered number: 07041360)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

9. LOANS - continued
31.10.22 31.10.21
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 313,260 425,182

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.22 31.10.21
£    £   
Commercial Mortgage 369,221 425,182

Persons entitled
Barclays Bank PLC

Brief description
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.

11. PROVISIONS FOR LIABILITIES
31.10.22 31.10.21
£    £   
Deferred tax
Deferred tax 1,739 1,779
Deferred tax charge / (credit) 68,701 (40 )
70,440 1,739

Deferred
tax
£   
Balance at 1 November 2021 1,739
Charge to Income Statement during year 68,701
Balance at 31 October 2022 70,440

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.22 31.10.21
value: £    £   
100 Ordinary shares £1.00 100 100

Charlie Hotel Ltd (Registered number: 07041360)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

13. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2021 198,975 1,596,513 1,795,488
Deficit for the year (10,112 ) (10,112 )
Revaluation reserve - 274,804 274,804
At 31 October 2022 188,863 1,871,317 2,060,180

14. TRANSACTIONS WITH DIRECTORS AND RELATED PARTIES

During the year, the company was under the joint control of the directors. Included in other creditors are amounts due to the directors amounting £358,644 (2021: £382,207)

Charlie Hotel Ltd

Report of the Accountants to the Directors of
Charlie Hotel Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2022 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ


10 October 2023