Relate AccountsProduction v2.7.3 v2.7.3 2022-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is event catering activities. 30 January 2024 17 61 NI653880 2023-09-30 NI653880 2022-09-30 NI653880 2021-09-30 NI653880 2022-10-01 2023-09-30 NI653880 2021-10-01 2022-09-30 NI653880 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 NI653880 uk-curr:PoundSterling 2022-10-01 2023-09-30 NI653880 uk-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 NI653880 uk-bus:AbridgedAccounts 2022-10-01 2023-09-30 NI653880 uk-core:ShareCapital 2023-09-30 NI653880 uk-core:ShareCapital 2022-09-30 NI653880 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI653880 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 NI653880 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI653880 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-09-30 NI653880 uk-bus:FRS102 2022-10-01 2023-09-30 NI653880 uk-core:Buildings 2022-10-01 2023-09-30 NI653880 uk-core:PlantMachinery 2022-10-01 2023-09-30 NI653880 uk-core:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 NI653880 2022-10-01 2023-09-30 NI653880 uk-bus:Director1 2022-10-01 2023-09-30 NI653880 uk-bus:Director2 2022-10-01 2023-09-30 NI653880 uk-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI653880
 
 
Hospitality Belfast Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 September 2023
Hospitality Belfast Ltd
Company Registration Number: NI653880
ABRIDGED BALANCE SHEET
as at 30 September 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 5 108,529 209,035
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Current Assets
Stocks 154,500 99,967
Debtors 796,911 644,381
Cash and cash equivalents 1,090,255 922,054
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2,041,666 1,666,402
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Creditors: amounts falling due within one year (1,209,057) (1,140,382)
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Net Current Assets 832,609 526,020
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Total Assets less Current Liabilities 941,138 735,055
 
Creditors:
amounts falling due after more than one year (171,600) (230,356)
 
Provisions for liabilities (14,530) (39,717)
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Net Assets 755,008 464,982
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Capital and Reserves
Called up share capital 4 4
Retained earnings 755,004 464,978
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Equity attributable to owners of the company 755,008 464,982
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 30 January 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Mr. Andrew Dougan     Mr. Trevor Annon
Director     Director
           



Hospitality Belfast Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 September 2023

   
1. General Information
 
Hospitality Belfast Ltd is a company limited by shares incorporated in Northern Ireland.. The registered office is Annon House, 261-263 Ormeau Road, Belfast, BT7 3GG, which is also the principle of business of the company.The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax. Revenue is recognised when and to the extent that, the company obtains the right to consideration in exchange for its performance.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Short leasehold property - Over life of lease
  Plant and machinery - 33% Straight Line
  Computer & office equipment - 33% - 100% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Significant accounting judgements and key sources of estimation uncertainty
 
In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 considered to be 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

No key sources of estimation uncertainty have been identified that have a significant risk of causing a material misstatement to the carrying amount of assets and liabilities within the next financial year.
       
4. Employees
 
  2023 2022
  Number Number
 
Employees 17 61
  ═════════ ═════════
           
5. Tangible assets
  Short Plant and Computer & Total
  leasehold machinery office equipment  
  property      
  £ £ £ £
Cost
At 1 October 2022 296,588 103,405 57,199 457,192
Additions - 5,253 2,173 7,426
  ───────── ───────── ───────── ─────────
At 30 September 2023 296,588 108,658 59,372 464,618
  ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2022 201,514 27,216 19,427 248,157
Charge for the financial year 74,147 21,869 11,916 107,932
  ───────── ───────── ───────── ─────────
At 30 September 2023 275,661 49,085 31,343 356,089
  ───────── ───────── ───────── ─────────
Net book value
At 30 September 2023 20,927 59,573 28,029 108,529
  ═════════ ═════════ ═════════ ═════════
At 30 September 2022 95,074 76,189 37,772 209,035
  ═════════ ═════════ ═════════ ═════════