Registered number
11489143
Pioneer Hospitality Limited
Filleted Accounts
31 July 2023
Pioneer Hospitality Limited
Registered number: 11489143
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,748 2,011
Current assets
Debtors 4 17,005 59,363
Cash at bank 45,193 108,127
62,198 167,490
Creditors: amounts falling due within one year 5 (183,502) (324,145)
Net current liabilities (121,304) (156,655)
Net liabilities (118,556) (154,644)
Capital and reserves
Called up share capital 3 3
Profit and loss account (118,559) (154,647)
Shareholders' funds (118,556) (154,644)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J L Cumming
Director
Approved by the board on 7 February 2024
Pioneer Hospitality Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture & equipment 15% on written down value
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Furniture & equipment
£
Cost
At 1 August 2022 3,609
Additions 1,222
At 31 July 2023 4,831
Depreciation
At 1 August 2022 1,598
Charge for the year 485
At 31 July 2023 2,083
Net book value
At 31 July 2023 2,748
At 31 July 2022 2,011
4 Debtors 2023 2022
£ £
Prepayments and accrued income 17,005 59,363
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 29,872 137,118
Vat (recoverable)/payable 24,021 (12,185)
Accruals 14,609 14,212
Directors loans 115,000 185,000
183,502 324,145
6 Other information
Pioneer Hospitality Limited is a private company limited by shares and incorporated in England. Its registered office is at 203, Holloway Road, London, N7 8DL:
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