Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity2321truetrue 7120855 2023-02-01 2024-01-31 7120855 2022-02-01 2023-01-31 7120855 2024-01-31 7120855 2023-01-31 7120855 2022-02-01 7120855 c:Director1 2023-02-01 2024-01-31 7120855 c:RegisteredOffice 2023-02-01 2024-01-31 7120855 d:PlantMachinery 2023-02-01 2024-01-31 7120855 d:PlantMachinery 2024-01-31 7120855 d:PlantMachinery 2023-01-31 7120855 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 7120855 d:MotorVehicles 2023-02-01 2024-01-31 7120855 d:FurnitureFittings 2023-02-01 2024-01-31 7120855 d:ComputerEquipment 2023-02-01 2024-01-31 7120855 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 7120855 d:OtherPropertyPlantEquipment 2024-01-31 7120855 d:OtherPropertyPlantEquipment 2023-01-31 7120855 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 7120855 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 7120855 d:CurrentFinancialInstruments 2024-01-31 7120855 d:CurrentFinancialInstruments 2023-01-31 7120855 d:Non-currentFinancialInstruments 2024-01-31 7120855 d:Non-currentFinancialInstruments 2023-01-31 7120855 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 7120855 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 7120855 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 7120855 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 7120855 d:ShareCapital 2024-01-31 7120855 d:ShareCapital 2023-01-31 7120855 d:RetainedEarningsAccumulatedLosses 2024-01-31 7120855 d:RetainedEarningsAccumulatedLosses 2023-01-31 7120855 c:FRS102 2023-02-01 2024-01-31 7120855 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 7120855 c:FullAccounts 2023-02-01 2024-01-31 7120855 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 7120855 d:WithinOneYear 2024-01-31 7120855 d:WithinOneYear 2023-01-31 7120855 d:BetweenOneFiveYears 2024-01-31 7120855 d:BetweenOneFiveYears 2023-01-31 7120855 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 7120855 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 iso4217:GBP xbrli:pure
Company registration number: 7120855







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


HOTEL CREATIVE LIMITED






































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HOTEL CREATIVE LIMITED
 


 
COMPANY INFORMATION


Director
M Crook 




Registered number
7120855



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


HOTEL CREATIVE LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8

 


HOTEL CREATIVE LIMITED
REGISTERED NUMBER:7120855



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
50,170
58,300

  
50,170
58,300

Current assets
  

Debtors: amounts falling due within one year
 5 
720,441
871,157

Cash at bank and in hand
  
753,430
584,472

  
1,473,871
1,455,629

Creditors: amounts falling due within one year
 6 
(624,534)
(664,117)

Net current assets
  
 
 
849,337
 
 
791,512

Total assets less current liabilities
  
899,507
849,812

Creditors: amounts falling due after more than one year
 7 
(22,125)
(31,544)

Provisions for liabilities
  

Deferred tax
 8 
(12,251)
(14,575)

  
 
 
(12,251)
 
 
(14,575)

Net assets
  
865,131
803,693


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
865,031
803,593

  
865,131
803,693

Page 1

 


HOTEL CREATIVE LIMITED
REGISTERED NUMBER:7120855


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 statement of income and retained earnings 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 on 29 October 2024.




M Crook
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


HOTEL CREATIVE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Hotel Creative Limited is a private company limited by shares incorporated in England and Wales, registration number 07128055. The address of its registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9LT.
The principal place of business is Second Floor, 23-25 Eastcastle Street, London W1.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 


HOTEL CREATIVE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 


HOTEL CREATIVE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.7

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 or on a reducing balance basis..

Depreciation is provided on the following basis:

Plant and machinery
-
20% Reducing balance
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
25% Reducing balance
Computer equipment
-
33% Straight line
Dilapidations
-
20% Straight line

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.

 
2.8

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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2023 - 21).

Page 5

 


HOTEL CREATIVE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery
Dilapidations
Total

£
£
£



Cost or valuation


At 1 February 2023
372,976
-
372,976


Additions
9,634
10,000
19,634



At 31 January 2024

382,610
10,000
392,610



Depreciation


At 1 February 2023
314,676
-
314,676


Charge for the year on owned assets
18,931
8,833
27,764



At 31 January 2024

333,607
8,833
342,440



Net book value



At 31 January 2024
49,003
1,167
50,170



At 31 January 2023
58,300
-
58,300

Page 6

 


HOTEL CREATIVE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
542,900
553,057

Other debtors
40,580
89,082

Prepayments and accrued income
136,961
229,018

720,441
871,157



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,960
9,480

Trade creditors
39,398
102,579

Amounts owed to group undertakings
142,500
142,500

Corporation tax
115,881
99,068

Other taxation and social security
56,714
83,747

Other creditors
94,410
164,168

Accruals and deferred income
165,671
62,575

624,534
664,117



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
22,125
31,544

22,125
31,544


Page 7

 


HOTEL CREATIVE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
(14,575)
(18,609)


Charged to profit or loss
2,324
4,034



At end of year
(12,251)
(14,575)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(12,251)
(14,575)

(12,251)
(14,575)


9.


Commitments under operating leases

At 31 January 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
67,071
118,944

Later than 1 year and not later than 5 years
-
67,071

67,071
186,015


10.


Related party transactions

At the balance sheet date an amount of £20,105 (2023: £123,137) was due to the director, M Crook. Amounts introduced and drawn were £230,000 and £333,032 respectively. The loan is interest free and repayable on demand. 

 
Page 8