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REGISTERED NUMBER: 04437693 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD

HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: S E Alexander
Mrs V Alexander





SECRETARY: S E Alexander





REGISTERED OFFICE: 2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 04437693 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 107,881 135,050
Investments 5 469,839 459,436
577,720 594,486

CURRENT ASSETS
Inventories 6 40,960 54,695
Debtors 7 1,170,763 927,940
Cash at bank 1,057,155 755,240
2,268,878 1,737,875
CREDITORS
Amounts falling due within one year 8 882,010 547,813
NET CURRENT ASSETS 1,386,868 1,190,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,964,588

1,784,548

PROVISIONS FOR LIABILITIES 15,597 15,465
NET ASSETS 1,948,991 1,769,083

CAPITAL AND RESERVES
Called up share capital 10 80 80
Capital redemption reserve 20 20
Retained earnings 1,948,891 1,768,983
SHAREHOLDERS' FUNDS 1,948,991 1,769,083

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.

HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2024 and were signed on its behalf by:





S E Alexander - Director


HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693)

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

1. STATUTORY INFORMATION

Hotel Technology Management (HTM) Ltd 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.

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.

Turnover
Revenue 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.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Fixed asset investments
Fixed asset investments are stated at original cost.

An annual imparement review is carried out by the board and full provision made for any permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 17 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2022 44,397 9,881 15,014
Additions - 1,202 2,443
At 31 August 2023 44,397 11,083 17,457
DEPRECIATION
At 1 September 2022 26,212 7,706 7,768
Charge for year 3,637 676 1,938
At 31 August 2023 29,849 8,382 9,706
NET BOOK VALUE
At 31 August 2023 14,548 2,701 7,751
At 31 August 2022 18,185 2,175 7,246

HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 115,480 89,217 273,989
Additions - 3,065 6,710
At 31 August 2023 115,480 92,282 280,699
DEPRECIATION
At 1 September 2022 51,957 45,296 138,939
Charge for year 15,881 11,747 33,879
At 31 August 2023 67,838 57,043 172,818
NET BOOK VALUE
At 31 August 2023 47,642 35,239 107,881
At 31 August 2022 63,523 43,921 135,050

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.8.23 31.8.22
£    £   
Fixed asset investments 469,839 459,436

6. INVENTORIES
31.8.23 31.8.22
£    £   
Stocks 40,960 54,695

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 806,745 680,900
Other debtors 11,862 9,513
Directors' current accounts 179,166 -
Corporation Tax 60,469 37,559
Prepayments and accrued income 112,521 199,968
1,170,763 927,940

The Directors' current accounts represent loans to the company's directors, and the amount outstanding at the balance sheet date represent the maximum amount outstanding during the year under review.

HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 162,530 100,739
Corporation Tax 115,662 -
Other taxation and social security 139,996 116,419
Other creditors 36,379 42,120
Directors' current accounts - 440
Accruals and deferred income 427,443 288,095
882,010 547,813

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.23 31.8.22
£    £   
Within one year 69,522 82,854
Between one and five years 178,085 220,005
In more than five years 11,918 35,750
259,525 338,609

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
80 Ordinary £1 80 80

11. ULTIMATE CONTROLLING PARTY

Throughout the year, the company was under the control of Mr S E Alexander, its sole director and majority shareholder.