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REGISTERED NUMBER: 04551952 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE OMEGA HOTEL LTD

THE OMEGA HOTEL LTD (REGISTERED NUMBER: 04551952)

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


THE OMEGA HOTEL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S N Sepassi
A A Sepassi





SECRETARY: Mrs P A Sepassi





REGISTERED OFFICE: 136 Sussex Gardens
London
London
W2 1UB





REGISTERED NUMBER: 04551952 (England and Wales)





ACCOUNTANTS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

THE OMEGA HOTEL LTD (REGISTERED NUMBER: 04551952)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,391 110,391

CURRENT ASSETS
Debtors 5 10,523 5,891
Cash at bank and in hand 489,577 315,203
500,100 321,094
CREDITORS
Amounts falling due within one year 6 147,912 126,953
NET CURRENT ASSETS 352,188 194,141
TOTAL ASSETS LESS CURRENT LIABILITIES 456,579 304,532

PROVISIONS FOR LIABILITIES 19,528 20,600
NET ASSETS 437,051 283,932

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 436,951 283,832
SHAREHOLDERS' FUNDS 437,051 283,932

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.

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 N Sepassi - Director


THE OMEGA HOTEL LTD (REGISTERED NUMBER: 04551952)

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


1. STATUTORY INFORMATION

The Omega 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.

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 net invoiced sales of services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 7.5% on reducing balance
Fixtures and fittings - 7.5% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 6 (2022 - 5 ) .

THE OMEGA HOTEL LTD (REGISTERED NUMBER: 04551952)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 30,000 1,605 302,900
Additions - - 917
At 31 December 2023 30,000 1,605 303,817
DEPRECIATION
At 1 January 2023 30,000 460 195,426
Charge for year - 86 8,083
At 31 December 2023 30,000 546 203,509
NET BOOK VALUE
At 31 December 2023 - 1,059 100,308
At 31 December 2022 - 1,145 107,474

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 17,597 11,676 363,778
Additions - 2,415 3,332
At 31 December 2023 17,597 14,091 367,110
DEPRECIATION
At 1 January 2023 17,498 10,003 253,387
Charge for year 25 1,138 9,332
At 31 December 2023 17,523 11,141 262,719
NET BOOK VALUE
At 31 December 2023 74 2,950 104,391
At 31 December 2022 99 1,673 110,391

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 10,523 5,891

THE OMEGA HOTEL LTD (REGISTERED NUMBER: 04551952)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,879 6,496
Corporation tax 77,283 58,941
Social security and other taxes 5,222 1,719
VAT 34,718 40,033
Directors' current accounts 998 4,064
Accrued expenses 19,812 15,700
147,912 126,953

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

The freehold property from which the hotel operates is owned personally by the directors.