IRIS Accounts Production v24.2.0.383 07106921 Board of Directors 1.1.23 31.12.23 31.12.23 25/9/24 0 0 true false true false false true false Auditors Opinion Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071069212022-12-31071069212023-12-31071069212023-01-012023-12-31071069212021-12-31071069212022-01-012022-12-31071069212022-12-3107106921ns15:EnglandWales2023-01-012023-12-3107106921ns14:PoundSterling2023-01-012023-12-3107106921ns10:Director12023-01-012023-12-3107106921ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107106921ns10:SmallEntities2023-01-012023-12-3107106921ns10:Audited2023-01-012023-12-3107106921ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107106921ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107106921ns10:FullAccounts2023-01-012023-12-3107106921ns10:OrdinaryShareClass12023-01-012023-12-3107106921ns10:OrdinaryShareClass112023-01-012023-12-3107106921ns10:Director22023-01-012023-12-3107106921ns10:RegisteredOffice2023-01-012023-12-3107106921ns5:CurrentFinancialInstruments2023-12-3107106921ns5:CurrentFinancialInstruments2022-12-3107106921ns5:ShareCapital2023-12-3107106921ns5:ShareCapital2022-12-3107106921ns5:RetainedEarningsAccumulatedLosses2023-12-3107106921ns5:RetainedEarningsAccumulatedLosses2022-12-3107106921ns5:CostValuation2022-12-3107106921ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 07106921 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EMBASSY HOTEL COMPANY LIMITED

EMBASSY HOTEL COMPANY LIMITED (REGISTERED NUMBER: 07106921)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EMBASSY HOTEL COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M M I Mohamed
S Locke





REGISTERED OFFICE: 40 High Street
Northwood
Middlesex
HA6 1BN





REGISTERED NUMBER: 07106921 (England and Wales)





AUDITORS: Sage & Co
Chartered Accountants
& Statutory Auditors
40 High Street
Northwood
Middlesex
HA6 1BN

EMBASSY HOTEL COMPANY LIMITED (REGISTERED NUMBER: 07106921)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 761,626 761,626

CURRENT ASSETS
Debtors 5 1,209,214 1,247,042
Cash at bank - 12,568
1,209,214 1,259,610
CREDITORS
Amounts falling due within one year 6 7,811 2,105,947
NET CURRENT ASSETS/(LIABILITIES) 1,201,403 (846,337 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,963,029

(84,711

)

CAPITAL AND RESERVES
Called up share capital 7 2,020,001 1
Retained earnings (56,972 ) (84,712 )
SHAREHOLDERS' FUNDS 1,963,029 (84,711 )

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 25 September 2024 and were signed on its behalf by:





S Locke - Director


EMBASSY HOTEL COMPANY LIMITED (REGISTERED NUMBER: 07106921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Embassy Hotel Company 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.

Going concern
The parent company has confirmed that it will continue to provide financial support to enable the company to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements. Due to this parent company support, the directors believe it is appropriate to continue preparing the financial statements on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Embassy Hotel Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Debtors/creditors less than one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Cash and cash equivalent
Cash and cash equivalent include cash in hand and deposits held at call with bank.

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.


EMBASSY HOTEL COMPANY LIMITED (REGISTERED NUMBER: 07106921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 761,626
NET BOOK VALUE
At 31 December 2023 761,626
At 31 December 2022 761,626

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,209,214 1,247,042

EMBASSY HOTEL COMPANY LIMITED (REGISTERED NUMBER: 07106921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings - 2,098,136
Other creditors 7,811 7,811
7,811 2,105,947

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,020,001 Ordinary £1 2,020,001 1

2,020,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sunil Sangani FCA (Senior Statutory Auditor)
for and on behalf of Sage & Co