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REGISTERED NUMBER: 09610307 (England and Wales)















Delta Lambda Hospitality Limited

Unaudited Financial Statements for the Year Ended 31 May 2023






Delta Lambda Hospitality Limited (Registered number: 09610307)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


Delta Lambda Hospitality Limited (Registered number: 09610307)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,264 1,244

CURRENT ASSETS
Debtors 5 9,820 3,128
Cash at bank 17,103 34,041
26,923 37,169
CREDITORS
Amounts falling due within one year 6 27,845 25,525
NET CURRENT (LIABILITIES)/ASSETS (922 ) 11,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

342

12,888

CREDITORS
Amounts falling due after more than one year 7 2,467 3,656
NET (LIABILITIES)/ASSETS (2,125 ) 9,232

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (2,225 ) 9,132
SHAREHOLDERS' FUNDS (2,125 ) 9,232

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.

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 February 2024 and were signed on its behalf by:





D Leivadas - Director


Delta Lambda Hospitality Limited (Registered number: 09610307)

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


1. STATUTORY INFORMATION

Delta Lambda Hospitality Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09610307

Registered office: 2, 28 Broughton Road
Ealing
London
W13 8QW

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.
Plant and machinery etc - 25% on reducing balance

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 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.

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.

Going concern
The company traded profitably during this financial year, as in previous years. However, due to the fact that dividends were voted in excess of retained profits, the Balance Sheet shows an insolvent position at the year end. The Director believes that it is, nevertheless, correct to prepare these Accounts on a going concern basis as he has confirmed that, if need be, he will support the company by not withdrawing the balance due to him on his Directors Loan Account - see note 11 - until trading cashflows permit.

In the current financial year the company is, again, trading profitably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Delta Lambda Hospitality Limited (Registered number: 09610307)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 2,437
Additions 441
At 31 May 2023 2,878
DEPRECIATION
At 1 June 2022 1,193
Charge for year 421
At 31 May 2023 1,614
NET BOOK VALUE
At 31 May 2023 1,264
At 31 May 2022 1,244

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,820 3,128

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,189 1,158
Taxation and social security 5,178 3,197
Other creditors 21,478 21,170
27,845 25,525

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2,467 3,656

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

9. RELATED PARTY DISCLOSURES

At the balance sheet date £19,991 (2022 - £19,778) was due to the director, this amount is payable within one year and is non-interest bearing.