Company registration number 10485932 (England and Wales)
HOTEL COLUMBUS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
HOTEL COLUMBUS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HOTEL COLUMBUS LIMITED (REGISTERED NUMBER: 10485932)
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,272,230
5,272,416
Current assets
Debtors
4
3,920
8,802
Cash at bank and in hand
743,792
526,092
747,712
534,894
Creditors: amounts falling due within one year
5
(110,058)
(85,082)
Net current assets
637,654
449,812
Net assets
5,909,884
5,722,228
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
5,908,884
5,721,228
Total equity
5,909,884
5,722,228

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 22 February 2024 and are signed on its behalf by:
Mrs Pieternelly Todd
Mr John Todd
Director
Director
HOTEL COLUMBUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information

Hotel Columbus Limited is a private company limited by shares incorporated in England and Wales. The registered office is 128-130 Sussex Gardens, London, W2 1UB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

 

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
no depreciation
Fixtures and fittings
12% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

HOTEL COLUMBUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
4
HOTEL COLUMBUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 4 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2022
5,250,000
43,103
5,293,103
Additions
-
0
5,362
5,362
At 31 October 2023
5,250,000
48,465
5,298,465
Depreciation and impairment
At 1 November 2022
-
0
20,687
20,687
Depreciation charged in the year
-
0
5,548
5,548
At 31 October 2023
-
0
26,235
26,235
Carrying amount
At 31 October 2023
5,250,000
22,230
5,272,230
At 31 October 2022
5,250,000
22,416
5,272,416
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
3,920
8,802
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
27,661
11,624
Taxation and social security
80,458
55,923
Other creditors
1,939
17,535
110,058
85,082
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