Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseNo description of principal activity2117truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 7120855 2022-02-01 2023-01-31 7120855 2021-02-01 2022-01-31 7120855 2023-01-31 7120855 2022-01-31 7120855 2021-02-01 7120855 c:Director1 2022-02-01 2023-01-31 7120855 c:RegisteredOffice 2022-02-01 2023-01-31 7120855 d:Buildings d:LongLeaseholdAssets 2022-02-01 2023-01-31 7120855 d:PlantMachinery 2022-02-01 2023-01-31 7120855 d:PlantMachinery 2023-01-31 7120855 d:PlantMachinery 2022-01-31 7120855 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 7120855 d:MotorVehicles 2022-02-01 2023-01-31 7120855 d:FurnitureFittings 2022-02-01 2023-01-31 7120855 d:ComputerEquipment 2022-02-01 2023-01-31 7120855 d:CurrentFinancialInstruments 2023-01-31 7120855 d:CurrentFinancialInstruments 2022-01-31 7120855 d:Non-currentFinancialInstruments 2023-01-31 7120855 d:Non-currentFinancialInstruments 2022-01-31 7120855 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 7120855 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 7120855 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 7120855 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 7120855 d:ShareCapital 2023-01-31 7120855 d:ShareCapital 2022-01-31 7120855 d:RetainedEarningsAccumulatedLosses 2023-01-31 7120855 d:RetainedEarningsAccumulatedLosses 2022-01-31 7120855 c:FRS102 2022-02-01 2023-01-31 7120855 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 7120855 c:FullAccounts 2022-02-01 2023-01-31 7120855 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 7120855 d:WithinOneYear 2023-01-31 7120855 d:WithinOneYear 2022-01-31 7120855 d:BetweenOneFiveYears 2023-01-31 7120855 d:BetweenOneFiveYears 2022-01-31 7120855 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 7120855 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 iso4217:GBP xbrli:pure
Company registration number: 7120855







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2023


HOTEL CREATIVE LIMITED






































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HOTEL CREATIVE LIMITED
 


 
COMPANY INFORMATION


Director
M Crook 




Registered number
7120855



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


HOTEL CREATIVE LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


HOTEL CREATIVE LIMITED
REGISTERED NUMBER:7120855



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
58,300
74,435

  
58,300
74,435

Current assets
  

Debtors: amounts falling due within one year
 5 
871,157
688,773

Cash at bank and in hand
  
584,472
323,468

  
1,455,629
1,012,241

Creditors: amounts falling due within one year
 6 
(664,117)
(238,750)

Net current assets
  
 
 
791,512
 
 
773,491

Total assets less current liabilities
  
849,812
847,926

Creditors: amounts falling due after more than one year
 7 
(31,544)
(40,520)

Provisions for liabilities
  

Deferred tax
 8 
(14,575)
(18,609)

  
 
 
(14,575)
 
 
(18,609)

Net assets
  
803,693
788,797


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
803,593
788,697

  
803,693
788,797


Page 1

 


HOTEL CREATIVE LIMITED
REGISTERED NUMBER:7120855


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 January 2024.




M Crook
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


HOTEL CREATIVE LIMITED
 


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

1.


General information

Hotel Creative Limited is a private company limited by shares incorporated in England and Wales, registration number 07128055. The address of its registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9LT.
The principal place of business is Second Floor, 23-25 Eastcastle Street, London W1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 


HOTEL CREATIVE LIMITED
 


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

2.Accounting policies (continued)

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 


HOTEL CREATIVE LIMITED
 


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

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method or on a reducing balance basis..

Depreciation is provided on the following basis:

Leasehold property
-
Over remaining life of lease
Plant and machinery
-
20% Reducing balance
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
25% Reducing balance
Computer equipment
-
33% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2022 - 17).

Page 5

 


HOTEL CREATIVE LIMITED
 


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

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 February 2022
361,247


Additions
11,729



At 31 January 2023

372,976



Depreciation


At 1 February 2022
286,812


Charge for the year on owned assets
27,864



At 31 January 2023

314,676



Net book value



At 31 January 2023
58,300



At 31 January 2022
74,435

Page 6

 


HOTEL CREATIVE LIMITED
 


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

5.


Debtors

2023
2022
£
£


Trade debtors
553,057
399,891

Amounts owed by group undertakings
-
7,500

Other debtors
89,082
100,056

Prepayments and accrued income
229,018
181,326

871,157
688,773



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,480
9,480

Trade creditors
102,579
53,197

Amounts owed to group undertakings
142,500
-

Corporation tax
99,068
62,479

Other taxation and social security
83,747
35,210

Other creditors
164,168
38,243

Accruals and deferred income
62,575
40,141

664,117
238,750



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
31,544
40,520

31,544
40,520


Page 7

 


HOTEL CREATIVE LIMITED
 


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

8.


Deferred taxation




2023
2022


£

£






At beginning of year
(18,609)
(15,513)


Charged to profit or loss
4,034
(3,096)



At end of year
(14,575)
(18,609)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(14,575)
(18,609)

(14,575)
(18,609)


9.


Commitments under operating leases

At 31 January 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
118,944
118,944

Later than 1 year and not later than 5 years
67,071
186,015

186,015
304,959


10.


Related party transactions

At the balance sheet date an amount of £123,137 (2022: £22,363) was due to the director, M Crook. Amounts introduced and drawn were £222,310 and £121,536 respectively. The loan is interest free and repayable on demand. 

 
Page 8