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REGISTERED NUMBER: 11430358 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Associated Hotels Ltd

Associated Hotels Ltd (Registered number: 11430358)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Associated Hotels Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr S S Sarin
Mr D Singh
Mr M Singh





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 11430358 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Associated Hotels Ltd (Registered number: 11430358)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 28,338 33,339
Tangible assets 5 2,301,276 2,240,810
2,329,614 2,274,149

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 6 136,368 99,589
Cash at bank and in hand 198,659 143,785
339,027 247,374
CREDITORS
Amounts falling due within one year 7 (748,242 ) (1,035,357 )
NET CURRENT LIABILITIES (409,215 ) (787,983 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,920,399

1,486,166

CREDITORS
Amounts falling due after more than
one year

8

(1,133,872

)

(1,147,266

)

PROVISIONS FOR LIABILITIES (36,602 ) (23,809 )
NET ASSETS 749,925 315,091

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 749,825 314,991
SHAREHOLDERS' FUNDS 749,925 315,091

Associated Hotels Ltd (Registered number: 11430358)

Balance Sheet - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 29 March 2024 and were signed on its behalf by:





Mr S S Sarin - Director


Associated Hotels Ltd (Registered number: 11430358)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Associated Hotels 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 1% on Cost
Fixtures and fittings - 25% on RBM
Motor vehicles - 25% RBM

Stocks
Stocks 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 balance sheet date.


Associated Hotels Ltd (Registered number: 11430358)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 50,007
AMORTISATION
At 1 July 2022 16,668
Charge for year 5,001
At 30 June 2023 21,669
NET BOOK VALUE
At 30 June 2023 28,338
At 30 June 2022 33,339

Associated Hotels Ltd (Registered number: 11430358)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 2,199,541 156,478 - 2,356,019
Additions 28,406 28,456 63,790 120,652
At 30 June 2023 2,227,947 184,934 63,790 2,476,671
DEPRECIATION
At 1 July 2022 57,934 57,275 - 115,209
Charge for year 22,269 29,943 7,974 60,186
At 30 June 2023 80,203 87,218 7,974 175,395
NET BOOK VALUE
At 30 June 2023 2,147,744 97,716 55,816 2,301,276
At 30 June 2022 2,141,607 99,203 - 2,240,810

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 130,818 83,571
Other debtors 5,550 16,018
136,368 99,589

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 129,138 129,040
Hire purchase contracts 18,221 -
Trade creditors 5,571 29,514
Taxation and social security 123,414 35,254
Other creditors 471,898 841,549
748,242 1,035,357

Associated Hotels Ltd (Registered number: 11430358)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 1,096,277 1,147,266
Hire purchase contracts 37,595 -
1,133,872 1,147,266

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,096,277 1,147,266

9. RELATED PARTY DISCLOSURES

As at the year end the company owed £157,770 (2022: £157,770) to Sarin Superstore Limited

Surinder Singh Sarin and Manpal Singh were directors and sharolders of Sarin Superstore Limited.