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REGISTERED NUMBER: 05100663 (England and Wales)






















Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 August 2023

for

HotelREZ Limited

HotelREZ Limited (Registered number: 05100663)






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




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Balance Sheet 4

Notes to the Financial Statements 5


HotelREZ Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr M N Lewis
Mr S K Gulhati





SECRETARY: Mrs Y T Cobb





REGISTERED OFFICE: Office 5
Newark Beacon, Beacon Hill Office Park
Cafferata Way
Newark
Nottinghamshire
NG24 2TN





REGISTERED NUMBER: 05100663 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

HotelREZ Limited (Registered number: 05100663)

Report of the Directors
for the Year Ended 31 August 2023

The directors present their report with the financial statements of the company for the year ended 31 August 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a global hotel representation company providing internet distribution, revenue, sales and marketing support to independent and small groups of hotels.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2022 to the date of this report.

Mr M N Lewis
Mr S K Gulhati

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M N Lewis - Director


27 November 2023

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
HotelREZ Limited

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HotelREZ Limited for the year ended 31 August 2023 which comprise the Profit & Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of HotelREZ Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HotelREZ Limited and state those matters that we have agreed to state to the Board of Directors of HotelREZ Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HotelREZ Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that HotelREZ Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HotelREZ Limited. You consider that HotelREZ Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of HotelREZ Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


27 November 2023

HotelREZ Limited (Registered number: 05100663)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 196,459 168,905
Tangible assets 5 39,492 44,279
235,951 213,184

CURRENT ASSETS
Debtors 6 4,471,254 3,956,086
Cash at bank and in hand 4,556,533 2,100,561
9,027,787 6,056,647
CREDITORS
Amounts falling due within one year 7 2,391,303 1,384,633
NET CURRENT ASSETS 6,636,484 4,672,014
TOTAL ASSETS LESS CURRENT LIABILITIES 6,872,435 4,885,198

PROVISIONS FOR LIABILITIES 47,374 27,113
NET ASSETS 6,825,061 4,858,085

CAPITAL AND RESERVES
Called up share capital 8 1,200 1,200
Capital redemption reserve 200 200
Retained earnings 6,823,661 4,856,685
SHAREHOLDERS' FUNDS 6,825,061 4,858,085

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Mr M N Lewis - Director


HotelREZ Limited (Registered number: 05100663)

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

1. STATUTORY INFORMATION

HotelREZ 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 represents amounts receivable for services net of VAT and trade discounts.

Tangible assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Intangible assets
Intangible assets are capitalised and amortised over their useful life of 5 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 29 (2022 - 23 ) .

HotelREZ Limited (Registered number: 05100663)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2022 82,653 1,764,047 1,846,700
Additions - 125,336 125,336
At 31 August 2023 82,653 1,889,383 1,972,036
AMORTISATION
At 1 September 2022 53,725 1,624,070 1,677,795
Charge for year 16,530 81,252 97,782
At 31 August 2023 70,255 1,705,322 1,775,577
NET BOOK VALUE
At 31 August 2023 12,398 184,061 196,459
At 31 August 2022 28,928 139,977 168,905

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2022 146,676
Additions 3,518
At 31 August 2023 150,194
DEPRECIATION
At 1 September 2022 102,397
Charge for year 8,305
At 31 August 2023 110,702
NET BOOK VALUE
At 31 August 2023 39,492
At 31 August 2022 44,279

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,261,516 925,572
Other debtors 625,628 494,404
1,887,144 1,419,976

Amounts falling due after more than one year:
Other debtors 2,584,110 2,536,110

Aggregate amounts 4,471,254 3,956,086

HotelREZ Limited (Registered number: 05100663)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 237,500
Trade creditors 1,045,287 525,563
Taxation and social security 1,054,267 521,837
Other creditors 291,749 99,733
2,391,303 1,384,633

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary A shares £1 1,000 1,000
200 Ordinary B shares £1 200 200
1,200 1,200

9. OTHER FINANCIAL COMMITMENTS

The total amount payable under non-cancellable operating leases due within one year at the year end is £30,929 (2022: £11,250).

The total amount payable under non-cancellable operating leases due more than one year at the year end is £154,645 (2022: £Nil).