0 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 63,021 1,618 64,639 61,401 809 62,210 2,429 1,620 xbrli:pure xbrli:shares iso4217:GBP 03747119 2023-01-01 2023-12-31 03747119 2023-12-31 03747119 2022-12-31 03747119 2022-12-31 03747119 core:FurnitureFittings 2023-01-01 2023-12-31 03747119 bus:Director2 2023-01-01 2023-12-31 03747119 core:WithinOneYear 2023-12-31 03747119 core:WithinOneYear 2022-12-31 03747119 core:FurnitureFittings 2022-12-31 03747119 core:FurnitureFittings 2023-12-31 03747119 core:ShareCapital 2023-12-31 03747119 core:ShareCapital 2022-12-31 03747119 core:RetainedEarningsAccumulatedLosses 2023-12-31 03747119 core:RetainedEarningsAccumulatedLosses 2022-12-31 03747119 core:BetweenOneFiveYears 2023-12-31 03747119 core:BetweenOneFiveYears 2022-12-31 03747119 core:FurnitureFittings 2022-12-31 03747119 bus:SmallEntities 2023-01-01 2023-12-31 03747119 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03747119 bus:FullAccounts 2023-01-01 2023-12-31 03747119 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03747119 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 03747119
SC HOTELS LIMITED
Filleted Unaudited Financial Statements
31 December 2023
SC HOTELS LIMITED
Balance Sheet
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
2,429
1,620
Current assets
Debtors
6
8,044
13,443
Cash at bank and in hand
79,367
81,995
--------
--------
87,411
95,438
Creditors: amounts falling due within one year
7
( 68,600)
( 50,701)
--------
--------
Net current assets
18,811
44,737
--------
--------
Total assets less current liabilities
21,240
46,357
--------
--------
Net assets
21,240
46,357
--------
--------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
20,240
45,357
--------
--------
Shareholders funds
21,240
46,357
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SC HOTELS LIMITED
Balance Sheet (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 11 July 2024 , and are signed on behalf of the board by:
Mr S Kara
Director
Company registration number: 03747119
SC HOTELS LIMITED
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Bruce Grove, London, N17 6RA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover represents income derived from the rental of hotel rooms, exclusive of Value Added Tax and is recognised when the service has been provided.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
4. Employee numbers
The average number of persons employed by the company during the year was Nil.
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 January 2023
63,021
63,021
Additions
1,618
1,618
--------
--------
At 31 December 2023
64,639
64,639
--------
--------
Depreciation
At 1 January 2023
61,401
61,401
Charge for the year
809
809
--------
--------
At 31 December 2023
62,210
62,210
--------
--------
Carrying amount
At 31 December 2023
2,429
2,429
--------
--------
At 31 December 2022
1,620
1,620
--------
--------
6. Debtors
2023
2022
£
£
Trade debtors
1,494
1,637
Prepayments and accrued income
5,523
7,918
Other debtors
1,027
3,888
-------
--------
8,044
13,443
-------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
30,494
21,553
Accruals and deferred income
34,965
28,937
Other creditors
3,141
211
--------
--------
68,600
50,701
--------
--------
8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Later than 1 year and not later than 5 years
74,667
106,667
--------
---------
9. Related party transactions
The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.