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REGISTERED NUMBER: 13696371 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

21 OCTOBER 2021 TO 30 OCTOBER 2022

FOR

MOGANTAS HOSPITALITY LIMITED

MOGANTAS HOSPITALITY LIMITED (REGISTERED NUMBER: 13696371)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 OCTOBER 2021 TO 30 OCTOBER 2022




Page

Balance Sheet 1

Notes to the Financial Statements 2


MOGANTAS HOSPITALITY LIMITED (REGISTERED NUMBER: 13696371)

BALANCE SHEET
30 OCTOBER 2022

Notes £    £   
FIXED ASSETS
Tangible assets 4 109,382
Investments 5 500
109,882

CURRENT ASSETS
Debtors 6 104,414
Cash in hand 1
104,415
CREDITORS
Amounts falling due within one year 7 84,013
NET CURRENT ASSETS 20,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,284

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 130,184
130,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 February 2024 and were signed by:





Mr K E Mogantas - Director


MOGANTAS HOSPITALITY LIMITED (REGISTERED NUMBER: 13696371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 OCTOBER 2021 TO 30 OCTOBER 2022

1. STATUTORY INFORMATION

Mogantas Hospitality Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13696371

Registered office: 1 Kings Avenue
London
N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Mogantas Hospitality Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and
rebates.

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

Taxation
Taxation for the period 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 period 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.

MOGANTAS HOSPITALITY LIMITED (REGISTERED NUMBER: 13696371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 OCTOBER 2021 TO 30 OCTOBER 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes
recognised in profit and loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impariment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 21 October 2021
and 30 October 2022 109,382
NET BOOK VALUE
At 30 October 2022 109,382
At 20 October 2021 109,382

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 500
At 30 October 2022 500
NET BOOK VALUE
At 30 October 2022 500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 104,414

MOGANTAS HOSPITALITY LIMITED (REGISTERED NUMBER: 13696371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 OCTOBER 2021 TO 30 OCTOBER 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 120
Other creditors 83,893
84,013