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REGISTERED NUMBER: 11203998 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Giri Hotels Group Limited

Giri Hotels Group Limited (Registered number: 11203998)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Giri Hotels Group Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Ms M Kalotra
P Purandare





REGISTERED OFFICE: 39-43 Albert Road
Blackpool
FY1 4TA





REGISTERED NUMBER: 11203998 (England and Wales)





ACCOUNTANTS: SG Accountants
150A Preston Old Road
Blackpool
Lancashire
FY3 9QP

Giri Hotels Group Limited (Registered number: 11203998)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 393,557 340,877

CURRENT ASSETS
Stocks 2,000 2,500
Debtors 5 70,000 15,000
Cash at bank and in hand 53,114 31,116
125,114 48,616
CREDITORS
Amounts falling due within one year 6 81,689 (17,624 )
NET CURRENT ASSETS 43,425 66,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,982

407,117

CREDITORS
Amounts falling due after more than
one year

7

329,763

302,363
NET ASSETS 107,219 104,754

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,119 104,654
107,219 104,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Giri Hotels Group Limited (Registered number: 11203998)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





Ms M Kalotra - Director


Giri Hotels Group Limited (Registered number: 11203998)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Giri Hotels Group 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Giri Hotels Group Limited (Registered number: 11203998)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 242,681 120,815 363,496
Additions - 62,500 62,500
At 31 May 2023 242,681 183,315 425,996
DEPRECIATION
At 1 June 2022 - 22,619 22,619
Charge for year - 9,820 9,820
At 31 May 2023 - 32,439 32,439
NET BOOK VALUE
At 31 May 2023 242,681 150,876 393,557
At 31 May 2022 242,681 98,196 340,877

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 13,500 13,500
Other debtors 56,500 1,500
70,000 15,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 14,847 3,900
Taxation and social security 17,130 6,375
Other creditors 49,712 (27,899 )
81,689 (17,624 )

Giri Hotels Group Limited (Registered number: 11203998)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 271,084 277,363
Other creditors 58,679 25,000
329,763 302,363