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REGISTERED NUMBER: 10740313 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HOTHI GROUP LIMITED

HOTHI GROUP LIMITED (REGISTERED NUMBER: 10740313)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HOTHI GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G S Hothi
Mrs J K Hothi
Mr P Hothi
Miss M Hothi
Mrs SK Dosanjh
Mrs MK Dhaliwal
Mrs K Hothi Dheansa





REGISTERED OFFICE: The Elms
Bangors Road North
Iver Heath
Iver
Buckinghamshire
SL0 0BQ





REGISTERED NUMBER: 10740313 (England and Wales)





ACCOUNTANTS: Sage & Co
Chartered Accountants
40 High Street
Northwood
Middlesex
HA6 1BN

HOTHI GROUP LIMITED (REGISTERED NUMBER: 10740313)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,456 12,321
Tangible assets 5 1,315,039 1,342,225
Investments 6 500 300
Investment property 7 41,244,973 41,210,173
42,583,968 42,565,019

CURRENT ASSETS
Debtors 8 6,423,991 6,089,987
Cash at bank and in hand 62,215 581,092
6,486,206 6,671,079
CREDITORS
Amounts falling due within one year 9 399,836 469,508
NET CURRENT ASSETS 6,086,370 6,201,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,670,338

48,766,590

CREDITORS
Amounts falling due after more than
one year

10

(19,394,935

)

(19,595,451

)

PROVISIONS FOR LIABILITIES (64,590 ) (67,890 )
NET ASSETS 29,210,813 29,103,249

HOTHI GROUP LIMITED (REGISTERED NUMBER: 10740313)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 250,100 250,100
Share premium 24,750,000 24,750,000
Retained earnings 4,210,713 4,103,149
SHAREHOLDERS' FUNDS 29,210,813 29,103,249

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 13 November 2024 and were signed on its behalf by:





Mr G S Hothi - Director


HOTHI GROUP LIMITED (REGISTERED NUMBER: 10740313)

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


1. STATUTORY INFORMATION

Hothi Group 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Hothi Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover, which excludes value added tax, represents rental income received from the letting of properties.

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.

Patents and licences are being amortised evenly over their estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

Land is not depreciated.

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

HOTHI GROUP LIMITED (REGISTERED NUMBER: 10740313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

HOTHI GROUP LIMITED (REGISTERED NUMBER: 10740313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 14,216
Additions 12,500
At 31 March 2024 26,716
AMORTISATION
At 1 April 2023 1,895
Charge for year 1,365
At 31 March 2024 3,260
NET BOOK VALUE
At 31 March 2024 23,456
At 31 March 2023 12,321

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 1,092,218 34,526 72,715 321,034 1,520,493
Additions - - - 45,640 45,640
Disposals (2,561 ) - - - (2,561 )
At 31 March 2024 1,089,657 34,526 72,715 366,674 1,563,572
DEPRECIATION
At 1 April 2023 21,844 9,581 15,038 131,805 178,268
Charge for year 10,897 3,742 8,652 46,974 70,265
At 31 March 2024 32,741 13,323 23,690 178,779 248,533
NET BOOK VALUE
At 31 March 2024 1,056,916 21,203 49,025 187,895 1,315,039
At 31 March 2023 1,070,374 24,945 57,677 189,229 1,342,225

HOTHI GROUP LIMITED (REGISTERED NUMBER: 10740313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 300
Additions 200
At 31 March 2024 500
NET BOOK VALUE
At 31 March 2024 500
At 31 March 2023 300

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 41,210,173
Additions 34,800
At 31 March 2024 41,244,973
NET BOOK VALUE
At 31 March 2024 41,244,973
At 31 March 2023 41,210,173

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 72 124
Other debtors 6,234,613 5,816,257
Directors' loan accounts - 38,548
Prepayments and accrued income 189,306 235,058
6,423,991 6,089,987

HOTHI GROUP LIMITED (REGISTERED NUMBER: 10740313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 200,516 200,516
Trade creditors - 4
Taxation and social security 51,728 119,192
Other creditors 147,592 149,796
399,836 469,508

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,394,935 19,595,451

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 15,000,000 15,000,000

Repayable by instalments
Bank loans more 5 yr by instal 3,592,871 3,793,387

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,595,451 19,795,967

The bank loans and overdrafts are secured by debentures over the company assets and first legal charges over its properties.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250,100 Ordinary £1 250,100 250,100

HOTHI GROUP LIMITED (REGISTERED NUMBER: 10740313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


13. DIRECTORS' LOANS

The following loans in respect of directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Miss M Hothi
Balance outstanding at start of year - 124
Amounts repaid - (124 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr G S Hothi
Balance outstanding at start of year 19,274 39,504
Amounts repaid (19,274 ) (20,230 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 19,274

Mrs J K Hothi
Balance outstanding at start of year 19,274 39,504
Amounts repaid (19,274 ) (20,230 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 19,274

Mr P Hothi
Balance outstanding at start of year - 740
Amounts repaid - (740 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -