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Reports Dated : 20/03/2024 Registered Number: 10739752
England and Wales

 

 

 

M2H HOSPITALITY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Oasis Accountants Limited
31 March 2023



....................................................
Oasis Accountants Limited
Building 3, Chiswick Park
566 Chiswick High Road
London
W4 5YA
18 March 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 98,114    103,227 
Tangible fixed assets 4 97,228    87,597 
195,342    190,824 
Current assets      
Stocks 35,255    14,350 
Debtors: amounts falling due within one year (10,725)   671 
Debtors: amounts falling due after one year 19,948    19,948 
Cash at bank and in hand 63,193    22,683 
107,671    57,652 
Creditors: amount falling due within one year (138,395)   (19,732)
Net current liabilities (30,724)   37,920 
 
Total assets less current liabilities 164,618    228,744 
Creditors: amount falling due after more than one year (364,901)   (338,918)
Provisions for liabilities (20,549)   (1,298)
Net liabilities (220,832)   (111,472)
 

Capital and reserves
     
Called up share capital 5 2    2 
Profit and loss account (220,834)   (111,474)
Shareholder's funds (220,832)   (111,472)
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 18 March 2024 and were signed on its behalf by:


-------------------------------
Mrunal Prakash SAWANT
Director
2
General Information
M2H HOSPITALITY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10739752, registration address Office Gold, Building 3, Chiswick Park, 566 Chiswick High Road, London,, W4 5YA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery 25%
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

There were 13 employees on average.
Average number of employees during the year was 31 (2022 : 13).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2022 130,000    130,000 
Additions  
Disposals  
At 31 March 2023 130,000    130,000 
Amortisation
At 01 April 2022 26,773    26,773 
Charge for year 5,113    5,113 
On disposals  
At 31 March 2023 31,886    31,886 
Net book values
At 31 March 2023 98,114    98,114 
At 31 March 2022 103,227    103,227 


4.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 April 2022 112,461    112,461 
Additions 32,675    32,675 
Disposals  
At 31 March 2023 145,136    145,136 
Depreciation
At 01 April 2022 24,864    24,864 
Charge for year 23,044    23,044 
On disposals  
At 31 March 2023 47,908    47,908 
Net book values
Closing balance as at 31 March 2023 97,228    97,228 
Opening balance as at 01 April 2022 87,597    87,597 


5.

Share Capital

Authorised
2 ordinary shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
2 ordinary shares of £1.00 each  
 

3