The Hospitality Team Limited 11693874 false 2022-04-01 2023-03-30 2023-03-30 The principal activity of the company is consultancy to the hospitality sector. Digita Accounts Production Advanced 6.30.9574.0 true true 11693874 2022-04-01 2023-03-30 11693874 2023-03-30 11693874 bus:Director1 1 2023-03-30 11693874 core:RetainedEarningsAccumulatedLosses 2023-03-30 11693874 core:ShareCapital 2023-03-30 11693874 core:CurrentFinancialInstruments 2023-03-30 11693874 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-30 11693874 core:Non-currentFinancialInstruments 2023-03-30 11693874 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-30 11693874 core:FurnitureFittingsToolsEquipment 2023-03-30 11693874 bus:SmallEntities 2022-04-01 2023-03-30 11693874 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-30 11693874 bus:FullAccounts 2022-04-01 2023-03-30 11693874 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-30 11693874 bus:RegisteredOffice 2022-04-01 2023-03-30 11693874 bus:Director1 2022-04-01 2023-03-30 11693874 bus:Director1 1 2022-04-01 2023-03-30 11693874 bus:Director2 2022-04-01 2023-03-30 11693874 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-30 11693874 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-30 11693874 core:OfficeEquipment 2022-04-01 2023-03-30 11693874 1 2022-04-01 2023-03-30 11693874 countries:EnglandWales 2022-04-01 2023-03-30 11693874 2022-03-31 11693874 bus:Director1 1 2022-03-31 11693874 core:FurnitureFittingsToolsEquipment 2022-03-31 11693874 2021-04-01 2022-03-31 11693874 2022-03-31 11693874 bus:Director1 1 2022-03-31 11693874 core:RetainedEarningsAccumulatedLosses 2022-03-31 11693874 core:ShareCapital 2022-03-31 11693874 core:CurrentFinancialInstruments 2022-03-31 11693874 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11693874 core:Non-currentFinancialInstruments 2022-03-31 11693874 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 11693874 core:FurnitureFittingsToolsEquipment 2022-03-31 11693874 bus:Director1 1 2021-04-01 2022-03-31 11693874 bus:Director1 1 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 11693874

The Hospitality Team Limited

Filleted Unaudited Financial Statements

for the Period from 1 April 2022 to 30 March 2023

 

The Hospitality Team Limited
(Registration number: 11693874)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

The Hospitality Team Limited
(Registration number: 11693874)

Company Information

Directors

J H Hammond

A L Hammond

Registered office

1 Colleton Crescent
Exeter
Devon
EX2 4DG

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

The Hospitality Team Limited
(Registration number: 11693874)

Balance Sheet as at 30 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

137

268

Current assets

 

Debtors

5

12,929

11,174

Cash at bank and in hand

 

4,570

3,466

 

17,499

14,640

Creditors: Amounts falling due within one year

6

(7,956)

(8,386)

Net current assets

 

9,543

6,254

Total assets less current liabilities

 

9,680

6,522

Creditors: Amounts falling due after more than one year

6

(8,667)

(12,667)

Provisions for liabilities

(26)

(51)

Net assets/(liabilities)

 

987

(6,196)

Capital and reserves

 

Called up share capital

10

10

Profit and loss account

977

(6,206)

Total equity

 

987

(6,196)

For the financial period ending 30 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 March 2024 and signed on its behalf by:
 

.........................................
J H Hammond
Director

 

The Hospitality Team Limited
(Registration number: 11693874)

Notes to the Unaudited Financial Statements
for the Period from 1 April 2022 to 30 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

During the year the accounting period was shortened to 30 March 2023. The comparatives are therefore not entirely comparable.

Going concern

The directors are not aware of any issues in relation going concern and therefore these accounts have been prepared on this basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

 

The Hospitality Team Limited
(Registration number: 11693874)

Notes to the Unaudited Financial Statements
for the Period from 1 April 2022 to 30 March 2023

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 taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

The Hospitality Team Limited
(Registration number: 11693874)

Notes to the Unaudited Financial Statements
for the Period from 1 April 2022 to 30 March 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1 (2022 - 1).

 

The Hospitality Team Limited
(Registration number: 11693874)

Notes to the Unaudited Financial Statements
for the Period from 1 April 2022 to 30 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

524

524

At 30 March 2023

524

524

Depreciation

At 1 April 2022

256

256

Charge for the period

131

131

At 30 March 2023

387

387

Carrying amount

At 30 March 2023

137

137

At 31 March 2022

268

268

5

Debtors

2023
£

2022
£

Other debtors

12,929

11,174

Total current trade and other debtors

12,929

11,174

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

4,000

4,000

Trade creditors

 

270

270

Taxation and social security

 

2,186

1,716

Accrued expenses

 

1,500

2,400

 

7,956

8,386

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

8,667

12,667

 

The Hospitality Team Limited
(Registration number: 11693874)

Notes to the Unaudited Financial Statements
for the Period from 1 April 2022 to 30 March 2023

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

4,000

4,000

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

8,667

12,667

8

Related party transactions

Transactions with directors

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 30 March 2023
£

J H Hammond

Director 1 - Interest free loan

11,174

10,660

(11,849)

9,985

         
       

 

2022

At 1 April 2021
£

Advances to director
£

Repayments by director
£

At 31 March 2022
£

J H Hammond

Director 1 - Interest free loan

9,059

2,691

(576)

11,174