REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
THE HOTEL BOUTIQUE LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
THE HOTEL BOUTIQUE LTD |
THE HOTEL BOUTIQUE LTD (REGISTERED NUMBER: 07921571) |
Contents of the Financial Statements |
for the year ended 31 JANUARY 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
THE HOTEL BOUTIQUE LTD |
Company Information |
for the year ended 31 JANUARY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
THE HOTEL BOUTIQUE LTD (REGISTERED NUMBER: 07921571) |
Statement of Financial Position |
31 JANUARY 2024 |
31/1/24 | 31/1/23 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | 11 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 HOTEL BOUTIQUE LTD (REGISTERED NUMBER: 07921571) |
Statement of Financial Position - continued |
31 JANUARY 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
THE HOTEL BOUTIQUE LTD (REGISTERED NUMBER: 07921571) |
Notes to the Financial Statements |
for the year ended 31 JANUARY 2024 |
1. | STATUTORY INFORMATION |
The Hotel Boutique Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of 10 years. No amortisation is provided in the first year of trading.Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Tangible fixed assets |
Fixtures and fittings | - |
Financial instruments and grants |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
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. |
Going concern |
At the balance sheet date, the company's liabilities exceeded its assets. The directors confirm that it is their current intention to ensure that financial support continues to be provided to the company for twelve months from the date of signing these financial statements. |
On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments may have to be made to reduce the value of assets to the their realisable amount and to provide for any further liabilities which might arise. |
Cash and cash equivalent |
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. |
THE HOTEL BOUTIQUE LTD (REGISTERED NUMBER: 07921571) |
Notes to the Financial Statements - continued |
for the year ended 31 JANUARY 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 February 2023 |
Additions |
At 31 January 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
5. | DEBTORS |
31/1/24 | 31/1/23 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Amounts owed by participating interests | 79,760 | 79,760 |
Aggregate amounts |
THE HOTEL BOUTIQUE LTD (REGISTERED NUMBER: 07921571) |
Notes to the Financial Statements - continued |
for the year ended 31 JANUARY 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/24 | 31/1/23 |
£ | £ |
Credit cards (see note 8) |
Trade creditors |
Taxation and social security | ( |
) |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/1/24 | 31/1/23 |
£ | £ |
Bank loans (see note 8) |
Amounts owed to participating interests | 21,104 | 14,480 |
Other creditors |
8. | LOANS |
An analysis of the maturity of loans is given below: |
31/1/24 | 31/1/23 |
£ | £ |
Amounts falling due within one year or on demand: |
Credit card |
Amounts falling due between one and two years: |
Bounce Back Loan |
An unsecured loan of £50,000 was taken out in July 2020 under the Bounce Back Loan Scheme. This is a government backed loan and interest is paid by the government for the first year, with 2.5% charged annually thereafter. Capital repayments started in August 2021and the loan will be repaid in equal capital instalments across 6 years with the final payment in June 2027. |
9. | PROVISIONS FOR LIABILITIES |
31/1/24 | 31/1/23 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Deferred |
tax |
£ |
Balance at 1 February 2023 |
Movement in year |
Balance at 31 January 2024 |
THE HOTEL BOUTIQUE LTD (REGISTERED NUMBER: 07921571) |
Notes to the Financial Statements - continued |
for the year ended 31 JANUARY 2024 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/1/24 | 31/1/23 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
11. | RESERVES |
Retained |
earnings |
£ |
At 1 February 2023 | ( |
) |
Deficit for the year | ( |
) |
At 31 January 2024 | ( |
) |
12. | RELATED PARTY DISCLOSURES |
At the year end the company owed £115,163 (2023 - £34,065) to the director. |
During the year the company paid rent of £48,730 (2023 - £45,080) to Juan Ltd who owns the freehold and is under the common control of the directors. |
Included in debtors there is an amount of £76,760 (2023- £76,760) owed by Juan Ltd, a company who is under the common control of directors, included in debtors is £3,000 (2023 - £3,000) owed by Brook Green Ltd. Within creditors there is amount of £21,104 (2023 - £14,480) owed to The Hotel Group Ltd. |
13. | ULTIMATE CONTROLLING PARTY |
Lola O'Keefe controls the company by virtue of her direct interest in the whole of the issued share capital. |