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REGISTERED NUMBER: 11765500 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hotel Dynamics Ltd

Hotel Dynamics Ltd (Registered number: 11765500)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hotel Dynamics Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: Ms S Cheema
K D Shah
A V Popat





SECRETARY: Ms S Cheema





REGISTERED OFFICE: 8-14
Talbot Square
London
W2 1TS





REGISTERED NUMBER: 11765500 (England and Wales)





ACCOUNTANTS: Grant Harrod Lerman Davis LLP
Chartered Accountants
1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD

Hotel Dynamics Ltd (Registered number: 11765500)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 190,675 228,635
Tangible assets 5 7,108 10,478
197,783 239,113

CURRENT ASSETS
Debtors 6 52,946 18,580
Cash at bank 2,716 19,462
55,662 38,042
CREDITORS
Amounts falling due within one year 7 (57,717 ) (62,223 )
NET CURRENT LIABILITIES (2,055 ) (24,181 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,728

214,932

CREDITORS
Amounts falling due after more than one
year

8

(107,942

)

(144,969

)
NET ASSETS 87,786 69,963

CAPITAL AND RESERVES
Called up share capital 30,150 30,150
Retained earnings 57,636 39,813
87,786 69,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Hotel Dynamics Ltd (Registered number: 11765500)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:




A V Popat - Director



K D Shah - Director


Hotel Dynamics Ltd (Registered number: 11765500)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Hotel Dynamics 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 1 (2022 - 3 ) .

Hotel Dynamics Ltd (Registered number: 11765500)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 304,595
AMORTISATION
At 1 January 2023 75,960
Charge for year 37,960
At 31 December 2023 113,920
NET BOOK VALUE
At 31 December 2023 190,675
At 31 December 2022 228,635

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 14,568
DEPRECIATION
At 1 January 2023 4,090
Charge for year 3,370
At 31 December 2023 7,460
NET BOOK VALUE
At 31 December 2023 7,108
At 31 December 2022 10,478

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,946 18,580

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 21,043 20,061
Taxation and social security 15,234 12,746
Other creditors 1,440 9,416
57,717 62,223

Hotel Dynamics Ltd (Registered number: 11765500)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,000 50,000
Other creditors 77,942 94,969
107,942 144,969