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REGISTERED NUMBER: 07921571 (England and Wales)















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: L O'Keefe
J.M. O'Keefe
A Michaelides





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 07921571 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
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 2,734 4,395

CURRENT ASSETS
Debtors 5 79,760 80,463
Cash in hand 16 16
79,776 80,479
CREDITORS
Amounts falling due within one year 6 (135,174 ) (60,374 )
NET CURRENT (LIABILITIES)/ASSETS (55,398 ) 20,105
TOTAL ASSETS LESS CURRENT
LIABILITIES

(52,664

)

24,500

CREDITORS
Amounts falling due after more than one
year

7

(46,818

)

(76,047

)

PROVISIONS FOR LIABILITIES 9 (311 ) (311 )
NET LIABILITIES (99,793 ) (51,858 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (99,893 ) (51,958 )
SHAREHOLDERS' FUNDS (99,793 ) (51,858 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 HOTEL BOUTIQUE LTD (REGISTERED NUMBER: 07921571)

Statement of Financial Position - continued
31 JANUARY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





L O'Keefe - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023 27,265
Additions 246
At 31 January 2024 27,511
DEPRECIATION
At 1 February 2023 22,869
Charge for year 1,908
At 31 January 2024 24,777
NET BOOK VALUE
At 31 January 2024 2,734
At 31 January 2023 4,396

5. DEBTORS
31/1/24 31/1/23
£    £   
Amounts falling due within one year:
Other debtors - 703

Amounts falling due after more than one year:
Amounts owed by participating interests 79,760 79,760

Aggregate amounts 79,760 80,463

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) 9,353 14,277
Trade creditors 1,794 6,395
Taxation and social security 5,381 (1,282 )
Other creditors 118,646 40,984
135,174 60,374

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans (see note 8) 25,714 35,567
Amounts owed to participating interests 21,104 14,480
Other creditors - 26,000
46,818 76,047

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 9,353 14,277

Amounts falling due between one and two years:
Bounce Back Loan 25,714 35,567

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 311 311

Deferred
tax
£   
Balance at 1 February 2023 311
Movement in year
Balance at 31 January 2024 311

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: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 February 2023 (51,958 )
Deficit for the year (47,935 )
At 31 January 2024 (99,893 )

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.