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REGISTERED NUMBER: 10255189 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

KAZ HOTELS SHEPISTON LIMITED

KAZ HOTELS SHEPISTON LIMITED (REGISTERED NUMBER: 10255189)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KAZ HOTELS SHEPISTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S Jetha
K Bhimji
Z Bhimji
H Bhimji





REGISTERED OFFICE: 87 South Lambeth Road
Vauxhall
London
SW8 1RN





REGISTERED NUMBER: 10255189 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

KAZ HOTELS SHEPISTON LIMITED (REGISTERED NUMBER: 10255189)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 23,921 2,531,566
Cash at bank 45,308 79,310
69,229 2,610,876
CREDITORS
Amounts falling due within one year 5 268,071 2,799,998
NET CURRENT LIABILITIES (198,842 ) (189,122 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(198,842

)

(189,122

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (198,942 ) (189,222 )
SHAREHOLDERS' FUNDS (198,842 ) (189,122 )

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

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

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 26 October 2023 and were signed on its behalf by:





K Bhimji - Director


KAZ HOTELS SHEPISTON LIMITED (REGISTERED NUMBER: 10255189)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

KAZ Hotels Shepiston Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and principal place of business 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.

Going concern
The company is financed by loans from a group company. The forecast cash flow of the company support that liabilities can be met as they fall due.

The directors of the company providing finance have committed that the funds currently made available to the company will remain in place for the foreseeable future and that additional funds will be made available if required.

It is on this basis that the directors have concluded that the company is a going concern. As a result, these financial statements are prepared on a going concern basis.

Turnover
Turnover is recognised when satisfying performance obligations of hotel services, and when control is transferred in respect of goods connected to hotel services.

Government grants
Government grants in the form of business interruption payments, covering the bank interest and fees on bank loans approved under the Coronavirus Bounce Back Loans Scheme, are included as other operating income.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES

The average number of employees during the year was NIL (2022 - 1 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 22,900 -
Other debtors 1,021 2,516,631
VAT - 13,255
Prepayments and accrued income - 1,680
23,921 2,531,566

KAZ HOTELS SHEPISTON LIMITED (REGISTERED NUMBER: 10255189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Following a group restructure on 8 November 2022, amounts due from companies under common control at 31 March 2022 that were included in other debtors (£22,900) has no comparative at 31 March 2023. At 31 March 2023, balances with those companies are now shown as amounts due from group undertakings.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 285 1,960
Amounts owed to group undertakings 254,500 -
VAT 168 -
Other creditors 2,198 2,679,460
Directors' current accounts 8,792 113,300
Accruals and deferred income 2,128 5,278
268,071 2,799,998

Following a group restructure on 8 November 2022, amounts due to companies under common control at 31 March 2022 that were included in other creditors (£2,679,460) has no comparative at 31 March 2023. At 31 March 2023, balances with those companies are now shown as amounts due to group undertakings.