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REGISTERED NUMBER: 08989200 (England and Wales)















Epsilon Hotel Limited

Unaudited Financial Statements for the Year Ended 30 April 2023






Epsilon Hotel Limited (Registered number: 08989200)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Epsilon Hotel Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr S Hadjikyriacou
Mrs J Hadjikyriacou



REGISTERED OFFICE: 97 Judd Street
London
WC1H 9RG



BUSINESS ADDRESS: 27a Romford Road
London
E15 4LL



REGISTERED NUMBER: 08989200 (England and Wales)



ACCOUNTANTS: Chris Syrimis & Co
Chartered Certified Accountants
97 Judd Street
London
WC1H 9JG



BANKERS: Natwest
50 Ilford Hill
Ilford
Essex
IG1 2AT

Epsilon Hotel Limited (Registered number: 08989200)

Balance Sheet
30 April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,578 60,771

CURRENT ASSETS
Debtors 5 50,560 28,481

CREDITORS
Amounts falling due within one year 6 271,257 285,309
NET CURRENT LIABILITIES (220,697 ) (256,828 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(175,119

)

(196,057

)

CREDITORS
Amounts falling due after more than one
year

7

40,401

50,000
NET LIABILITIES (215,520 ) (246,057 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (215,620 ) (246,157 )
SHAREHOLDERS' FUNDS (215,520 ) (246,057 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

Epsilon Hotel Limited (Registered number: 08989200)

Balance Sheet - continued
30 April 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





Mr S Hadjikyriacou - Director


Epsilon Hotel Limited (Registered number: 08989200)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Epsilon Hotel Limited 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.

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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Epsilon Hotel Limited (Registered number: 08989200)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 110,533 195,449 305,982
DEPRECIATION
At 1 May 2022 88,941 156,270 245,211
Charge for year 5,398 9,795 15,193
At 30 April 2023 94,339 166,065 260,404
NET BOOK VALUE
At 30 April 2023 16,194 29,384 45,578
At 30 April 2022 21,592 39,179 60,771

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Deferred tax asset 50,560 28,481

Epsilon Hotel Limited (Registered number: 08989200)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans and overdrafts 9,859 6,021
Trade creditors (1 ) 559
Taxation and social security 612 8,571
Other creditors 260,787 270,158
271,257 285,309

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans 40,401 50,000