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REGISTERED NUMBER: 11180877 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

RICHMOND 207 HOSPITALITY COMPANY LIMITED

RICHMOND 207 HOSPITALITY COMPANY LIMITED (REGISTERED NUMBER: 11180877)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RICHMOND 207 HOSPITALITY COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: V N Patel
S V Patel
N N Patel
B B Patel





REGISTERED OFFICE: 10-12 King Street
Reading
Berkshire
RG1 2HE





REGISTERED NUMBER: 11180877 (England and Wales)

RICHMOND 207 HOSPITALITY COMPANY LIMITED (REGISTERED NUMBER: 11180877)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,663,989 5,663,989

CREDITORS
Amounts falling due within one year 5 24,415 6,408
NET CURRENT LIABILITIES (24,415 ) (6,408 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,639,574

5,657,581

CREDITORS
Amounts falling due after more than one
year

6

5,510,986

5,596,711
NET ASSETS 128,588 60,870

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 128,488 60,770
128,588 60,870

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 20 December 2023 and were signed on its behalf by:





N N Patel - Director


RICHMOND 207 HOSPITALITY COMPANY LIMITED (REGISTERED NUMBER: 11180877)

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

1. STATUTORY INFORMATION

Richmond 207 Hospitality Company 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.

The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

RICHMOND 207 HOSPITALITY COMPANY LIMITED (REGISTERED NUMBER: 11180877)

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

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured based at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental income is recognised in the period to which it relates on an accruals basis.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 5,663,989
NET BOOK VALUE
At 31 July 2023 5,663,989
At 31 July 2022 5,663,989

Investment properties were subject to valuation by the directors who have experience in the location and class of investment properties valued.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 24,415 6,408

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed to group undertakings 5,500,986 5,586,711
Other creditors 10,000 10,000
5,510,986 5,596,711

RICHMOND 207 HOSPITALITY COMPANY LIMITED (REGISTERED NUMBER: 11180877)

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

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lee Gardner FCA (Senior Statutory Auditor)
for and on behalf of Vale & West Accountancy Services Limited

8. CONTINGENT LIABILITIES

The Company has entered into cross guarantee arrangements with its ultimate parent company Nilvip Holdings Limited to secure its long term borrowings. At 31 July 2023 the contingent liability was £6 million (2022: £12.6 million).

9. ULTIMATE CONTROLLING PARTY

The controlling party is Nilvip Holdings Limited.

The ultimate parent company and ultimate controlling party is Nilvip Holdings Limited, a company registered in England and Wales, and whose registered address is 10-12 King Street, Reading, RG21 2HF.