Registered number
05681684
GA Hotels Procurement Limited
Unaudited Filleted Accounts
31 December 2023
GA Hotels Procurement Limited
Registered number: 05681684
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 29,944 -
Current assets
Debtors 4 533,225 46,169
Cash at bank and in hand 280,854 569,684
814,079 615,853
Creditors: amounts falling due within one year 5 (262,789) (23,724)
Net current assets 551,290 592,129
Net assets 581,234 592,129
Capital and reserves
Called up share capital 100 100
Profit and loss account 581,134 592,029
Shareholder's funds 581,234 592,129
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Shnitzer
Director
Approved by the board on 17 September 2024
GA Hotels Procurement Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
Additions 25,648
Revaluation 4,296
At 31 December 2023 29,944
The company purchased a portfolio of listed investments for a cost of £25,148, including income received from the investments during the year and re-invested in the portfolio. The value of the portfolio at 31 December 2023 was £29,444.

The company purchased 500 ordinary £1 shares in Prime Cities Properties Ltd, a company registered in England, for a cost of £500 which continues to be the value shown in these accounts.
2023 2022
£ £
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 4,296 -
4 Debtors 2023 2022
£ £
Trade debtors 5,952 26,145
Other debtors 527,273 20,024
533,225 46,169
Amounts due after more than one year included above 509,367 -
Included in debtors due after more than one year is an unsecured loan of £499,500 to Prime Cities Properties Ltd falling due for repayment in 2028.
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs - 12,586
Other creditors 262,789 11,138
262,789 23,724
6 Related party transactions
The Director provided an interest free loan to the company. At 31 December 2023, the amount outstanding to the Director was £261,425 (2022: £8,386).
7 Controlling party
The ultimate controlling party is A Shnitzer.
8 Other information
GA Hotels Procurement Limited is a private company limited by shares and incorporated in England. Its registered office is:
85 Great Portland Street
First Floor
London
UK
W1W 7LT
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