Registered number
11445486
ENEL HOSPITALITY LIMITED
Filleted Accounts
28 February 2023
ENEL HOSPITALITY LIMITED
Registered number: 11445486
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 742 852
Tangible assets 4 35,507 47,086
36,249 47,938
Current assets
Stocks 2,292 1,788
Debtors 5 18,694 14,100
Cash at bank and in hand 3,666 5,650
24,652 21,538
Creditors: amounts falling due within one year 6 (404,838) (338,705)
Net current liabilities (380,186) (317,167)
Total assets less current liabilities (343,937) (269,229)
Creditors: amounts falling due after more than one year 7 (48,289) (38,044)
Net liabilities (392,226) (307,273)
Capital and reserves
Called up share capital 100 100
Profit and loss account (392,326) (307,373)
Shareholders' funds (392,226) (307,273)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…................................
Nirbhay Lalvani
Director
Approved by the board on 22 October 2023
ENEL HOSPITALITY LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax, rebates and discounts.

Revenue is recognised at the point of delivery of goods to customers.
Intangible fixed assets
Separately acquired trademarks and licences are shown at historical cost.

Trademarks have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset Class Amortisation method and rate
Trademarks 10% Straight line
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings Over the length of the lease
Plant and machinery 25% Straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
The company made a loss for the year ended 28 February 2022 and had a deficiency of net assets at that date of £307,773. The director has considered the potential effect of the current Covid-19 crisis and, although there is no certainty as to when this will end, the director’s view is that the impact will be manageable.

The director is confident that the company will be in a position to trade profitably in the foreseable future due to easing of lockdown restriction.
Unfortunately, the lockdowns and the ongoing social distancing restrictions have temporarily damaged the company’s income potential, however the director has taken steps to reduce expenditure wherever possible. Direct costs have reduced significantly due to the tea room closures, and there have also been notable reductions in personnel costs, following agreed reductions to salaries and the receipt of Coronavirus Job Retention Scheme grants.

The company has also benefited from rent payment deferrals which have been agreed with the landlord, reducing the financial burden on the company whilst trade is restricted.
The company has received the £30,222 Retail, Hospitality and Leisure grant as well as Business Rates relief for the 2021/2022 tax year.

The company has a Bounce Back Loan amounting to £50,000 to ensure that sufficient cash resources remain available.

Furthermore, the company is supported financially by the director and companies under common control, with the director confirming that no matters have been drawn to his attention to suggest that this funding, which amounted to £149,100 as at the year end, will not continue on acceptable terms in the future.

With the resources that the company has, together with the current actions being taken, the director believes that the company will be able to weather the crisis.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the director continues to adopt the going concern basis in preparing the financial statements
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Trademarks
Cost
At 1 March 2022 1,098
At 28 February 2023 1,098
Amortisation
At 1 March 2022 246
Provided during the year 110
At 28 February 2023 356
Net book value
At 28 February 2023 742
At 28 February 2022 852
4 Tangible fixed assets
Plant and machinery etc Leasedhold Improvement Total
£ £ £
Cost
At 1 March 2022 12,500 79,073 91,573
At 28 February 2023 12,500 79,073 91,573
Depreciation
At 1 March 2022 5,346 39,141 44,487
Charge for the year 3,081 8,498 11,579
At 28 February 2023 8,427 47,639 56,066
Net book value
At 28 February 2023 4,073 31,434 35,507
At 28 February 2022 7,154 39,932 47,086
5 Debtors 2023 2022
£ £
Other debtors 18,694 14,100
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loan - 10,648
Taxation and social security costs 1,581 1,518
Other creditors 403,257 326,539
404,838 338,705
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 48,289 38,044
8 Other financial commitments 2023 2022
£ £
The total amount of financial committment not included in the statement of financial postion. The committment relates to the lease for the property utilised by the company. 133,918 133,918
9 Other information
ENEL HOSPITALITY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Flat 16 Connaught House
1-3 Mount Street
London
W1K 3DA
ENEL HOSPITALITY LIMITED 11445486 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts April 2022 Nirbhay Lalvani No description of principal activity 11445486 2021-03-01 2022-02-28 11445486 core:WithinOneYear 2022-02-28 11445486 core:AfterOneYear 2022-02-28 11445486 core:ShareCapital 2022-02-28 11445486 core:RetainedEarningsAccumulatedLosses 2022-02-28 11445486 core:AllPeriods 2022-02-28 11445486 2022-03-01 2023-02-28 11445486 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11445486 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11445486 bus:Director40 2022-03-01 2023-02-28 11445486 1 2022-03-01 2023-02-28 11445486 2 2022-03-01 2023-02-28 11445486 core:Goodwill 2022-03-01 2023-02-28 11445486 core:PlantMachinery 2022-03-01 2023-02-28 11445486 core:Vehicles 2022-03-01 2023-02-28 11445486 countries:England 2022-03-01 2023-02-28 11445486 bus:FRS102 2022-03-01 2023-02-28 11445486 bus:FullAccounts 2022-03-01 2023-02-28 11445486 2023-02-28 11445486 core:WithinOneYear 2023-02-28 11445486 core:AfterOneYear 2023-02-28 11445486 core:ShareCapital 2023-02-28 11445486 core:RetainedEarningsAccumulatedLosses 2023-02-28 11445486 core:Goodwill 2023-02-28 11445486 core:PlantMachinery 2023-02-28 11445486 core:Vehicles 2023-02-28 11445486 core:AllPeriods 2023-02-28 11445486 2022-02-28 11445486 core:Goodwill 2022-02-28 11445486 core:PlantMachinery 2022-02-28 11445486 core:Vehicles 2022-02-28 iso4217:GBP xbrli:pure