PROPITEER HOTELS MANAGEMENT LIMITED

Company Registration Number:
11320222 (England and Wales)

Unaudited statutory accounts for the year ended 29 June 2023

Period of accounts

Start date: 30 June 2022

End date: 29 June 2023

PROPITEER HOTELS MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 29 June 2023

Balance sheet
Additional notes
Balance sheet notes

PROPITEER HOTELS MANAGEMENT LIMITED

Balance sheet

As at 29 June 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 719 2,035
Investments: 4 290,000 560,000
Total fixed assets: 290,719 562,035
Current assets
Debtors: 5 2,688,532 128,718
Cash at bank and in hand: 6,237
Total current assets: 2,688,532 134,955
Creditors: amounts falling due within one year: 6 ( 4,600,669 ) ( 2,001,976 )
Net current assets (liabilities): (1,912,137) (1,867,021)
Total assets less current liabilities: (1,621,418) ( 1,304,986)
Total net assets (liabilities): (1,621,418) (1,304,986)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (1,621,518 ) (1,305,086 )
Total Shareholders' funds: ( 1,621,418 ) (1,304,986)

The notes form part of these financial statements

PROPITEER HOTELS MANAGEMENT LIMITED

Balance sheet statements

For the year ending 29 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 August 2024
and signed on behalf of the board by:

Name: Colin Sandy
Status: Director

The notes form part of these financial statements

PROPITEER HOTELS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROPITEER HOTELS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 4

PROPITEER HOTELS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 30 June 2022 690 3,260 3,950
Additions
Disposals
Revaluations
Transfers
At 29 June 2023 690 3,260 3,950
Depreciation
At 30 June 2022 249 1,666 1,915
Charge for year 230 1,086 1,316
On disposals
Other adjustments
At 29 June 2023 479 2,752 3,231
Net book value
At 29 June 2023 211 508 719
At 29 June 2022 441 1,594 2,035

PROPITEER HOTELS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

4. Fixed assets investments note

Shares in Group Undertakings

PROPITEER HOTELS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

5. Debtors

2023 2022
£ £
Other debtors 2,688,532 128,718
Total 2,688,532 128,718

PROPITEER HOTELS MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 4,600,669 2,001,976
Total 4,600,669 2,001,976