REGISTERED NUMBER: |
ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024 |
FOR |
A C HOTELS (UK) LIMITED |
REGISTERED NUMBER: |
ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024 |
FOR |
A C HOTELS (UK) LIMITED |
A C HOTELS (UK) LIMITED (REGISTERED NUMBER: 02674391) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST JANUARY 2024 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
A C HOTELS (UK) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST JANUARY 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
344 - 354 Grays Inn Road |
London |
WC1X 8BP |
A C HOTELS (UK) LIMITED (REGISTERED NUMBER: 02674391) |
ABRIDGED STATEMENT OF FINANCIAL POSITION |
31ST JANUARY 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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. |
A C HOTELS (UK) LIMITED (REGISTERED NUMBER: 02674391) |
ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31ST JANUARY 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
A C HOTELS (UK) LIMITED (REGISTERED NUMBER: 02674391) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST JANUARY 2024 |
1. | STATUTORY INFORMATION |
A C Hotels (UK) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Income |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Income is recognised when rental and service charge demands are issued. |
Tangible fixed assets |
Plant and machinery etc | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
A C HOTELS (UK) LIMITED (REGISTERED NUMBER: 02674391) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST JANUARY 2024 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Totals |
£ |
COST |
At 1st February 2023 |
and 31st January 2024 |
DEPRECIATION |
At 1st February 2023 |
Charge for year |
At 31st January 2024 |
NET BOOK VALUE |
At 31st January 2024 |
At 31st January 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st February 2023 |
and 31st January 2024 |
NET BOOK VALUE |
At 31st January 2024 |
At 31st January 2023 |
Investment property consists of freehold land and buildings. |
Fair value at 31st January 2024 is represented by: |
£ |
Valuation in 2008 | 126,000 |
Valuation in 2010 | 85,000 |
Valuation in 2014 | 100,000 |
Valuation in 2016 | 300,000 |
Valuation in 2022 | 100,133 |
Cost | 288,867 |
1,000,000 |
If the investment property had not been revalued it would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 288,867 | 288,867 |
The investment property was valued on a fair and market value basis on 31st January 2024 by local property agents . |
The directors are not aware of any material change in value since the date of the last valuation. |
A C HOTELS (UK) LIMITED (REGISTERED NUMBER: 02674391) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST JANUARY 2024 |
6. | RELATED PARTY DISCLOSURES |
At the year end £33,523 was owed by A C Travel & Leisure Ltd (2023: £18,023), a company owned and controlled by the directors.The loan is interest free and repayable on demand. |
During the year, rent of £22,000 (2023: £19,250) was charged to A C Travel & Leisure Ltd by A C Hotels (UK) Limited. |