Company Registration No. 09769828 (England and Wales)
SHO Hospitality Limited
Unaudited financial statements
for the period ended 31 March 2024
Pages for filing with the registrar
SHO Hospitality Limited
Balance sheet
As at 31 March 2024
1
2024
2022
£
£
£
£
Fixed assets
296,108
122,061
Current assets
370,954
149,957
Creditors: amounts falling due within one year
(823,856)
(288,576)
Net current liabilities
(452,902)
(138,619)
Total assets less current liabilities
(156,794)
(16,558)
Creditors: amounts falling due after more than one year
(18,146)
(43,333)
Net liabilities
(174,940)
(59,891)
Capital and reserves
(174,940)
(59,891)
Notes to the financial statements
Directors' benefits: advances, credit and guarantees
Director and related party transactions
During the period, a director loaned the company £150,000 (2022: £nil). At the period end the balance due to the director was £222,186 (2022: £nil). No interest is charged on this balance.
During the period a related party through mutual control, paid expenses on behalf of the company of £345,000 (2022: £45.000). At the period end the balance due to the related party was £550,690 (2022: £205,690). The related party has provided the loan and continues to provide going concern support to the company.
2
Financial commitments, guarantees and contingencies
Bounceback Loan
Included in Creditors: amounts falling due within/after more than one year is a bounce back loan with an outstanding balance of £28,146 (2022: £43,333). The interest rate on this loan is 2.5% and is due for repayment in December 2026.
3
Average employees
The average number of persons (including directors) employed by the company during year was 1 (2022- 1).
SHO Hospitality Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, EC4V 4BE.
For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
SHO Hospitality Limited
Balance sheet (continued)
As at 31 March 2024
2
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 7 November 2024
Ross Shonhan
Director
Company Registration No. 09769828