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REGISTERED NUMBER: 04343743 (England and Wales)















Financial Statements for the Period 1 January 2023 to 31 March 2024

for

AZURE LUXURY HOTEL COLLECTION LIMITED

AZURE LUXURY HOTEL COLLECTION LIMITED (REGISTERED NUMBER: 04343743)






Contents of the Financial Statements
for the period 1 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AZURE LUXURY HOTEL COLLECTION LIMITED

Company Information
for the period 1 January 2023 to 31 March 2024







DIRECTORS: E J Leigh
J O'Gorman





SECRETARY: E J Leigh





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 04343743 (England and Wales)





AUDITORS: Richardson Swift Audit Ltd
Chartered Accountants
Statutory Auditor
11 Laura Place
Bath
BA2 4BL

AZURE LUXURY HOTEL COLLECTION LIMITED (REGISTERED NUMBER: 04343743)

Balance Sheet
31 March 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 804,170 817,937
804,170 817,937

CURRENT ASSETS
Debtors 6 2,491,381 2,100,558
Cash at bank and in hand 714,568 1,129,750
3,205,949 3,230,308
CREDITORS
Amounts falling due within one year 7 1,942,411 2,107,653
NET CURRENT ASSETS 1,263,538 1,122,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,067,708

1,940,592

CREDITORS
Amounts falling due after more than one
year

8

(453,978

)

(263,511

)

PROVISIONS FOR LIABILITIES 9 (41,459 ) (43,028 )
NET ASSETS 1,572,271 1,634,053

CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium 99,930 99,930
Revaluation reserve 157,370 157,370
Retained earnings 1,314,871 1,376,653
SHAREHOLDERS' FUNDS 1,572,271 1,634,053

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 27 September 2024 and were signed on its behalf by:





E J Leigh - Director


AZURE LUXURY HOTEL COLLECTION LIMITED (REGISTERED NUMBER: 04343743)

Notes to the Financial Statements
for the period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Azure Luxury Hotel Collection 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

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the point that non refundable income is received, being the deposit at the point of booking, and the remaining value up to eight weeks before the departure date.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance, 10% on cost and Straight line over 15 years

Freehold Property
Freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the revaluation reserve.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


AZURE LUXURY HOTEL COLLECTION LIMITED (REGISTERED NUMBER: 04343743)

Notes to the Financial Statements - continued
for the period 1 January 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 19 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 March 2024 44,950
AMORTISATION
At 1 January 2023
and 31 March 2024 44,950
NET BOOK VALUE
At 31 March 2024 -
At 31 December 2022 -

AZURE LUXURY HOTEL COLLECTION LIMITED (REGISTERED NUMBER: 04343743)

Notes to the Financial Statements - continued
for the period 1 January 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 January 2023 750,000 163,902 913,902
Additions - 2,575 2,575
At 31 March 2024 750,000 166,477 916,477
DEPRECIATION
At 1 January 2023 - 95,965 95,965
Charge for period - 16,342 16,342
At 31 March 2024 - 112,307 112,307
NET BOOK VALUE
At 31 March 2024 750,000 54,170 804,170
At 31 December 2022 750,000 67,937 817,937

The freehold property was revalued in 2022 by the Director, on an open market basis. The Director is satisfied that the valuation still reflects the current market value.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 1,325,300 1,255,700
Amounts owed by group undertakings 159,317 -
Other debtors 1,006,764 844,858
2,491,381 2,100,558

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 131,119 88,989
Trade creditors 1,631,032 1,811,983
Taxation and social security 117,615 177,662
Other creditors 62,645 29,019
1,942,411 2,107,653

The loan balances are secured over the freehold property. Included in loans are government backed CBILS loans totalling £90,225.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Bank loans 453,978 263,511

The loan balances are secured over the freehold property. Included in loans are government backed CBILS loans totalling £148,912.

AZURE LUXURY HOTEL COLLECTION LIMITED (REGISTERED NUMBER: 04343743)

Notes to the Financial Statements - continued
for the period 1 January 2023 to 31 March 2024

9. PROVISIONS FOR LIABILITIES
2024 2022
£    £   
Deferred tax 41,459 43,028

Deferred
tax
£   
Balance at 1 January 2023 43,028
Accelerated capital allowances (1,569 )
Reval. of freehold property
Balance at 31 March 2024 41,459

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
10,000 Ordinary A £0.01 100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Edwards BSc FCA (Senior Statutory Auditor)
Richardson Swift Audit Limited Richardson Swift Audit Ltd

12. OTHER FINANCIAL COMMITMENTS

At the year end the company had total commitments to future payments under operating leases of £27,605 (2022 - £61,121).

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors is £10,973 owed by a director.

14. PARENT COMPANY

The parent company is ALHC (Holdings) Ltd, registered office 11 Laura Place, Bath, BA2 4BL.

15. SIGNIFICANT ESTIMATES AND JUDGEMENTS

The directors believe that the value of the freehold property in the accounts represents market value.

No other significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.