IRIS Accounts Production v24.3.0.553 11690026 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116900262023-03-31116900262024-03-31116900262023-04-012024-03-31116900262022-03-31116900262022-04-012023-03-31116900262023-03-3111690026ns15:EnglandWales2023-04-012024-03-3111690026ns14:PoundSterling2023-04-012024-03-3111690026ns10:Director12023-04-012024-03-3111690026ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111690026ns10:SmallEntities2023-04-012024-03-3111690026ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111690026ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111690026ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111690026ns10:FullAccounts2023-04-012024-03-3111690026ns10:OrdinaryShareClass12023-04-012024-03-3111690026ns10:Director22023-04-012024-03-3111690026ns10:RegisteredOffice2023-04-012024-03-3111690026ns5:CurrentFinancialInstruments2024-03-3111690026ns5:CurrentFinancialInstruments2023-03-3111690026ns5:Non-currentFinancialInstruments2024-03-3111690026ns5:Non-currentFinancialInstruments2023-03-3111690026ns5:ShareCapital2024-03-3111690026ns5:ShareCapital2023-03-3111690026ns5:RetainedEarningsAccumulatedLosses2024-03-3111690026ns5:RetainedEarningsAccumulatedLosses2023-03-3111690026ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3111690026ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3111690026ns5:Secured2024-03-3111690026ns5:Secured2023-03-3111690026ns10:OrdinaryShareClass12024-03-3111690026ns10:Director222023-03-3111690026ns10:Director222022-03-3111690026ns10:Director222023-04-012024-03-3111690026ns10:Director222022-04-012023-03-3111690026ns10:Director222024-03-3111690026ns10:Director222023-03-31
REGISTERED NUMBER: 11690026 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HOTHI CAPITAL LIMITED

HOTHI CAPITAL LIMITED (REGISTERED NUMBER: 11690026)

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 CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Miss M Hothi
Mr P Hothi





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





REGISTERED NUMBER: 11690026 (England and Wales)





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

HOTHI CAPITAL LIMITED (REGISTERED NUMBER: 11690026)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 6,942,454 6,031,759

CURRENT ASSETS
Debtors 5 88,933 114,621
Cash at bank and in hand 1,902,564 17,484
1,991,497 132,105
CREDITORS
Amounts falling due within one year 6 6,652,559 5,995,285
NET CURRENT LIABILITIES (4,661,062 ) (5,863,180 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,281,392

168,579

CREDITORS
Amounts falling due after more than
one year

7

2,000,000

-
NET ASSETS 281,392 168,579

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 281,292 168,479
SHAREHOLDERS' FUNDS 281,392 168,579

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.

HOTHI CAPITAL LIMITED (REGISTERED NUMBER: 11690026)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 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:





Miss M Hothi - Director


HOTHI CAPITAL LIMITED (REGISTERED NUMBER: 11690026)

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


1. STATUTORY INFORMATION

Hothi Capital 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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

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.

Other operating income
Other operating income represents rent received from the letting of properties.

HOTHI CAPITAL LIMITED (REGISTERED NUMBER: 11690026)

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


2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such an indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared toe the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 6,031,759
Additions 910,695
At 31 March 2024 6,942,454
NET BOOK VALUE
At 31 March 2024 6,942,454
At 31 March 2023 6,031,759

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 27,186 50,000
Directors' current accounts - 61,441
Prepayments 61,747 3,180
88,933 114,621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (1 ) 1
Taxation and social security 37,682 28,562
Other creditors 6,614,878 5,966,722
6,652,559 5,995,285

HOTHI CAPITAL LIMITED (REGISTERED NUMBER: 11690026)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,000,000 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,000,000 -

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

9. CALLED UP SHARE CAPITAL

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr P Hothi
Balance outstanding at start of year 61,441 -
Amounts advanced - 61,441
Amounts repaid (61,441 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 61,441

Interest is charged on the loans at the official rate.