Registered number
07406194
London Hotels Corporation Limited
Filleted Accounts
31 October 2023
London Hotels Corporation Limited
Registered number: 07406194
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 21,331 25,582
Current assets
Debtors 4 177,000 150,500
Cash at bank and in hand 25,292 116,107
202,292 266,607
Creditors: amounts falling due within one year 5 (49,240) (75,333)
Net current assets 153,052 191,274
Net assets 174,383 216,856
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 173,383 215,856
Shareholders' funds 174,383 216,856
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Shyna Arora
Director
Approved by the board on 24 July 2024
London Hotels Corporation Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 20,928 27,507 48,435
Additions 1,082 - 1,082
At 31 October 2023 22,010 27,507 49,517
Depreciation
At 1 November 2022 12,951 9,902 22,853
Charge for the year 1,812 3,521 5,333
At 31 October 2023 14,763 13,423 28,186
Net book value
At 31 October 2023 7,247 14,084 21,331
At 31 October 2022 7,977 17,605 25,582
4 Debtors 2023 2022
£ £
Trade debtors 177,000 150,500
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 30,902 40,789
Taxation and social security costs 11,151 20,386
Director's account 860 8,658
Other creditors 6,327 5,500
49,240 75,333
6 Other information
London Hotels Corporation Limited is a private company limited by shares and incorporated in England. Its registered office is:
Laxmi House
2-B Draycott Avenue
Kenton, Harrow
Middlesex
HA3 0BU
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