Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseNo description of principal activity00truetruefalse 13734134 2022-12-01 2023-11-30 13734134 2021-11-10 2022-11-30 13734134 2023-11-30 13734134 2022-11-30 13734134 c:Director1 2022-12-01 2023-11-30 13734134 d:Buildings d:ShortLeaseholdAssets 2022-12-01 2023-11-30 13734134 d:Buildings d:ShortLeaseholdAssets 2023-11-30 13734134 d:Buildings d:ShortLeaseholdAssets 2022-11-30 13734134 d:FurnitureFittings 2022-12-01 2023-11-30 13734134 d:FurnitureFittings 2023-11-30 13734134 d:FurnitureFittings 2022-11-30 13734134 d:CurrentFinancialInstruments 2023-11-30 13734134 d:CurrentFinancialInstruments 2022-11-30 13734134 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13734134 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13734134 d:ShareCapital 2023-11-30 13734134 d:ShareCapital 2022-11-30 13734134 d:RetainedEarningsAccumulatedLosses 2023-11-30 13734134 d:RetainedEarningsAccumulatedLosses 2022-11-30 13734134 c:OrdinaryShareClass1 2022-12-01 2023-11-30 13734134 c:OrdinaryShareClass1 2023-11-30 13734134 c:OrdinaryShareClass1 2022-11-30 13734134 c:FRS102 2022-12-01 2023-11-30 13734134 c:Audited 2022-12-01 2023-11-30 13734134 c:FullAccounts 2022-12-01 2023-11-30 13734134 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13734134 c:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13734134 4 2022-12-01 2023-11-30 13734134 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 13734134







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2023


HSQ HOSPITALITY LIMITED






































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HSQ HOSPITALITY LIMITED
REGISTERED NUMBER:13734134



BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
118,020

  
-
118,020

Current assets
  

Debtors: amounts falling due within one year
 5 
8,664
4,601

Cash at bank and in hand
  
1,954
24,940

  
10,618
29,541

Creditors: amounts falling due within one year
 6 
(620,366)
(157,566)

Net current liabilities
  
 
 
(609,748)
 
 
(128,025)

Total assets less current liabilities
  
(609,748)
(10,005)

  

Net liabilities
  
(609,748)
(10,005)


Capital and reserves
  

Called up share capital 
 7 
100
1

Profit and loss account
  
(609,848)
(10,006)

  
(609,748)
(10,005)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Kiran Bhojwani
Director

Date: 16 October 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 


HSQ HOSPITALITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

HSQ Hospitality 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis despite the company's net liability position and the decision of the directors to abort the plan to set up a restaurant trading through the company. The directors may use the company in the future to facilitate a new restaurant project.
The directors having made appropriate enquiries consider that adequate resources exist for the company to continue in operational existence for the foreseeable future on the basis that the company has received confirmation from its parent of continued support to meet its liabilities as they fall due and has received similar confirmation from its ultimate parent company. The support has been provided for at least one year following the date of approval of these financial statements and will be extended as required to enable the company to meet its debts as they fall due. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements.

 
2.3

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

All assets have been written off in the year before they were available for use, due to the project being aborted. Therefore no depreciation has been charged in the year.


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2

 


HSQ HOSPITALITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to and from related parties.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2022 -£NIL).

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.





0
0

Page 3

 


HSQ HOSPITALITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Total

£
£
£





At 1 December 2022
118,020
-
118,020


Additions
446,390
6,449
452,839


Disposals
(564,410)
(6,449)
(570,859)



At 30 November 2023

-
-
-






Net book value



At 30 November 2023
-
-
-



At 30 November 2022
118,020
-
118,020

Page 4

 


HSQ HOSPITALITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


VAT receivable
8,564
4,600

Called up share capital not paid
100
1

8,664
4,601



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
19,366
27,796

Amounts owed to group undertakings
590,000
120,000

Accruals and deferred income
11,000
9,770

620,366
157,566


Page 5

 


HSQ HOSPITALITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 -1) Ordinary shares of £1.00 each
100
1


On 15 April 2023, 99 Ordinary shares of £1.00 each were allotted.


8.


Controlling party

The ultimate controlling party of the company is LSL Holdings Pvt Ltd (formerly Leela Hospitality Pvt Ltd), a company incorporated in India. The smallest group into which this entity is consolidated into is the financial statements of LSL Holdings Pvt Ltd whose registered office is 703 Leela Business Park, Andheri - Kurla Road, Andheri (East), Mumbai - 400059, India.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 November 2023 was unqualified.

The audit report was signed on 16 October 2024 by Andrew Wooding FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 6