Company registration number:
07498032
Classic Inn Limited
Trading as
Classic Inn Ltd
Unaudited filleted financial statements
31 January 2024
Classic Inn Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Classic Inn Limited
Directors and other information
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Directors |
Mr Babu Arshi Karavadra |
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Company number |
07498032 |
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Registered office |
228 Portland Crescent |
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Stanmore |
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HA74RB |
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Business address |
2 Bulstrode Gardens |
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Hounslow |
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Middlesex |
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TW3 3AJ |
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Accountants |
Pandit & Associates Ltd |
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Portland House |
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228 Portland Crescent |
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Stanmore |
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Middlesex HA7 1LS |
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Classic Inn Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Classic Inn Limited
Year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Classic Inn Limited for the year ended 31 January 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Classic Inn Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Classic Inn Limited and state those matters that we have agreed to state to the board of directors of Classic Inn Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Classic Inn Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Classic Inn 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 loss of Classic Inn Limited. You consider that Classic Inn 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 Classic Inn 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.
Pandit & Associates Ltd
Chartered Certified Accountants
Portland House
228 Portland Crescent
Stanmore
Middlesex HA7 1LS
5 April 2024
Classic Inn Limited
Statement of financial position
31 January 2024
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2024 |
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2023 |
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£ |
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£ |
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Fixed assets |
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762,286 |
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762,286 |
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_______ |
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_______ |
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Current assets |
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3,170 |
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3,740 |
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Creditors: amounts falling due within one year |
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(
339,149) |
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(
295,977) |
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_______ |
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_______ |
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Net current liabilities |
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(
335,979) |
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(
292,237) |
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_______ |
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_______ |
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Total assets less current liabilities |
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426,307 |
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470,049 |
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Creditors: amounts falling due after more than one year |
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(
601,287) |
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(
632,059) |
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Accruals and deferred income |
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(
1,820) |
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(
1,260) |
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_______ |
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Net liabilities |
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(
176,800) |
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(
163,270) |
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Capital and reserves |
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(
176,800) |
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(
163,270) |
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_______ |
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_______ |
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Notes to the financial statements
Classic Inn Limited
Year ended 31 January 2024
1.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2024 |
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
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£ |
£ |
£ |
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Mr Babu Arshi Karavadra |
(
340,575) |
(
39,000) |
(
379,575) |
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_______ |
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2023 |
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
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£ |
£ |
£ |
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Mr Babu Arshi Karavadra |
(
304,575) |
(
36,000) |
(
340,575) |
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
05 April 2024
, and are signed on behalf of the board by:
Mr Babu Arshi Karavadra
Director
Company registration number:
07498032
The company is a private company limited by shares, registered in England & Wales.