Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-07-01falseNo description of principal activity1010trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12055356 2023-07-01 2023-12-31 12055356 2022-07-01 2023-06-30 12055356 2023-12-31 12055356 2023-06-30 12055356 c:Director1 2023-07-01 2023-12-31 12055356 c:Director2 2023-07-01 2023-12-31 12055356 d:FurnitureFittings 2023-07-01 2023-12-31 12055356 d:FurnitureFittings 2023-12-31 12055356 d:FurnitureFittings 2023-06-30 12055356 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2023-12-31 12055356 d:CurrentFinancialInstruments 2023-12-31 12055356 d:CurrentFinancialInstruments 2023-06-30 12055356 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12055356 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12055356 d:ShareCapital 2023-12-31 12055356 d:ShareCapital 2023-06-30 12055356 d:RetainedEarningsAccumulatedLosses 2023-12-31 12055356 d:RetainedEarningsAccumulatedLosses 2023-06-30 12055356 c:EntityNoLongerTradingButTradedInPast 2023-07-01 2023-12-31 12055356 c:FRS102 2023-07-01 2023-12-31 12055356 c:AuditExemptWithAccountantsReport 2023-07-01 2023-12-31 12055356 c:FullAccounts 2023-07-01 2023-12-31 12055356 c:PrivateLimitedCompanyLtd 2023-07-01 2023-12-31 12055356 e:PoundSterling 2023-07-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12055356










HOT HOUSE HOSPITALITY LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
HOT HOUSE HOSPITALITY LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HOT HOUSE HOSPITALITY LTD
FOR THE PERIOD ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hot House Hospitality Ltd for the period ended 31 December 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Hot House Hospitality Ltd, as a body, in accordance with the terms of our engagement letter dated 14th August 2019Our work has been undertaken solely to prepare for your approval the financial statements of Hot House Hospitality Ltd and state those matters that we have agreed to state to the Board of directors of Hot House Hospitality Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hot House Hospitality Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Hot House Hospitality Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hot House Hospitality Ltd. You consider that Hot House Hospitality Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Hot House Hospitality Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff-on-sea
Essex
SS0 9PE
1 August 2024
Page 1

 
HOT HOUSE HOSPITALITY LTD
REGISTERED NUMBER: 12055356

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
30 June
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,235
4,228

  
3,235
4,228

Current assets
  

Stocks
  
-
2,365

Debtors: amounts falling due within one year
 5 
2,860
493

Cash at bank and in hand
 6 
14,549
51,073

  
17,409
53,931

Creditors: amounts falling due within one year
 7 
(20,941)
(44,185)

Net current (liabilities)/assets
  
 
 
(3,532)
 
 
9,746

Total assets less current liabilities
  
(297)
13,974

Provisions for liabilities
  

Deferred tax
  
(426)
(803)

  
 
 
(426)
 
 
(803)

Net (liabilities)/assets
  
(723)
13,171


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(823)
13,071

  
(723)
13,171


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2024.
Page 2

 
HOT HOUSE HOSPITALITY LTD
REGISTERED NUMBER: 12055356

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023





C Turner
M Turner-Martin
Director
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
HOT HOUSE HOSPITALITY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

The company is limited by shares and incorporated in England. Its registered office and principal place of business is Old Corn Store, Dover Place, Ashford, Kent, TN23 1HU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
HOT HOUSE HOSPITALITY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
HOT HOUSE HOSPITALITY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2023
2023
£
£

Wages and salaries
38,524
58,424

Social security costs
2,456
1,258

Cost of defined contribution scheme
402
1,082

41,382
60,764


The average monthly number of employees, including directors, during the period was 10 (2023 - 10).

Page 6

 
HOT HOUSE HOSPITALITY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







Fixtures and fittings

£



Cost or valuation


At 1 July 2023
9,926



At 31 December 2023

9,926



Depreciation


At 1 July 2023
5,698


Charge for the period on owned assets
993



At 31 December 2023

6,691



Net book value



At 31 December 2023
3,235



At 30 June 2023
4,228


5.


Debtors

31 December
30 June
2023
2023
£
£


Trade debtors
-
(2)

Other debtors
2,860
222

Prepayments and accrued income
-
273

2,860
493



6.


Cash and cash equivalents

31 December
30 June
2023
2023
£
£

Cash at bank and in hand
14,549
51,073

14,549
51,073


Page 7

 
HOT HOUSE HOSPITALITY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

31 December
30 June
2023
2023
£
£

Trade creditors
(14)
9,842

Other taxation and social security
2,735
7,719

Other creditors
16,295
24,874

Accruals and deferred income
1,925
1,750

20,941
44,185



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £402 (2023: £1,082). Contributions totalling £115 (2023: £277)  were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

During the year the company had transactions with other companies who share key management personnel as follows:
 Coach Works Ashford Ltd: Debtor  £2,637
 Coach Works Ashford Ltd: Rent cost £3,000 (2023: £2,300)
During the year the company had transactions with the directors as follows:
 C Turner     £800 (2023: £1,000)
 M Turner-Martin    £800 (2023: £1,000)


Page 8