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REGISTERED NUMBER: 13863353 (England and Wales)















FITZROY HOTEL LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






FITZROY HOTEL LTD (REGISTERED NUMBER: 13863353)

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


FITZROY HOTEL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Director: Mr C Kantarci





Registered office: 4 Bedlam Mews
London
SE11 6DF





Registered number: 13863353 (England and Wales)





Accountants: Rock Tax & Accounting Ltd
69 High Street
Southgate
London
N14 6LD

FITZROY HOTEL LTD (REGISTERED NUMBER: 13863353)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £ £
Current assets
Stocks 5,504,196 3,734,150
Debtors 4 45,312 49,885
Cash at bank 543 7,123
5,550,051 3,791,158
Creditors
Amounts falling due within one year 5 6,026,438 3,806,981
Net current liabilities (476,387 ) (15,823 )
Total assets less current liabilities (476,387 ) (15,823 )


Capital and reserves
Called up share capital 7 1 1
Retained earnings (476,388 ) (15,824 )
Shareholders' funds (476,387 ) (15,823 )
(476,387 ) (15,823 )

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





Mr C Kantarci - Director


FITZROY HOTEL LTD (REGISTERED NUMBER: 13863353)

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


1. Statutory information

Fitzroy Hotel Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Property that is currently under development is recorded as stock. Such stock is valued at the lower of cost and net realisable value.

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 balance sheet date.

3. Employees and directors

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

4. Debtors: amounts falling due within one year
31.3.24 31.3.23
£ £
Other debtors - 1
VAT 45,312 16,315
Prepayments - 33,569
45,312 49,885

5. Creditors: amounts falling due within one year
31.3.24 31.3.23
£ £
Bank loans and overdrafts 2,350,267 2,300,022
Trade creditors 750 187
Other creditors 3,675,421 1,506,772
6,026,438 3,806,981

FITZROY HOTEL LTD (REGISTERED NUMBER: 13863353)

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


5. Creditors: amounts falling due within one year - continued

Included in other creditors is a loan of £2,585,808(2023- £1,506,772) from a company under a common control. Such loan is repayable on demand and no interest has been charged during the financial year.

6. Secured debts

The following secured debts are included within creditors:

31.3.24 31.3.23
£ £
Bank loans 2,350,267 2,300,022

The bank loan is secured against the property of the company.

7. Called up share capital

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

8. Related party disclosures

During the financial year, the company has paid £2,029,037 to another company under the common control for the property development works.

9. Ultimate controlling party

The controlling party is Mr C Kantarci.