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REGISTERED NUMBER: 08369258 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AA GUESTHOUSES LIMITED

AA GUESTHOUSES LIMITED (REGISTERED NUMBER: 08369258)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AA GUESTHOUSES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G S Stavrou
Mr G Makris





REGISTERED OFFICE: 139a Sunnyhill Road
London
SW16 2UW





REGISTERED NUMBER: 08369258 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

AA GUESTHOUSES LIMITED (REGISTERED NUMBER: 08369258)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,301,172 1,301,688

CURRENT ASSETS
Debtors 5 129,024 236,478
Cash at bank 786,570 372,553
915,594 609,031
CREDITORS
Amounts falling due within one year 6 568,203 520,639
NET CURRENT ASSETS 347,391 88,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,648,563

1,390,080

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 1,647,563 1,389,080
SHAREHOLDERS' FUNDS 1,648,563 1,390,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:




Mr G Makris - Director


AA GUESTHOUSES LIMITED (REGISTERED NUMBER: 08369258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

AA Guesthouses Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts derived from room rents charged to customers during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

AA GUESTHOUSES LIMITED (REGISTERED NUMBER: 08369258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,299,623 5,000 10,708 1,315,331
DEPRECIATION
At 1 April 2023 - 2,935 10,708 13,643
Charge for year - 516 - 516
At 31 March 2024 - 3,451 10,708 14,159
NET BOOK VALUE
At 31 March 2024 1,299,623 1,549 - 1,301,172
At 31 March 2023 1,299,623 2,065 - 1,301,688

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 126,577 233,568
Social security and other tax - 411
Prepayments 2,447 2,499
129,024 236,478

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 2,926
Tax 99,693 94,766
Pension 139 136
VAT 10,366 17,813
Amount due to related party 411,313 400,000
Accrued expenses 46,692 4,998
568,203 520,639

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary Shares £1 1,000 1,000