IRIS Accounts Production v24.3.0.553 07194386 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071943862023-03-31071943862024-03-31071943862023-04-012024-03-31071943862022-03-31071943862022-04-012023-03-31071943862023-03-3107194386ns15:EnglandWales2023-04-012024-03-3107194386ns14:PoundSterling2023-04-012024-03-3107194386ns10:Director12023-04-012024-03-3107194386ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107194386ns10:SmallEntities2023-04-012024-03-3107194386ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107194386ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107194386ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107194386ns10:FullAccounts2023-04-012024-03-3107194386ns5:CurrentFinancialInstruments2024-03-3107194386ns5:CurrentFinancialInstruments2023-03-3107194386ns5:Non-currentFinancialInstruments2024-03-3107194386ns5:Non-currentFinancialInstruments2023-03-3107194386ns5:ShareCapital2024-03-3107194386ns5:ShareCapital2023-03-3107194386ns5:RevaluationReserve2024-03-3107194386ns5:RevaluationReserve2023-03-3107194386ns5:RetainedEarningsAccumulatedLosses2024-03-3107194386ns5:RetainedEarningsAccumulatedLosses2023-03-3107194386ns5:FurnitureFittings2023-04-012024-03-3107194386ns5:ComputerEquipment2023-04-012024-03-3107194386ns5:LandBuildings2023-03-3107194386ns5:FurnitureFittings2023-03-3107194386ns5:ComputerEquipment2023-03-3107194386ns5:LandBuildings2024-03-3107194386ns5:FurnitureFittings2024-03-3107194386ns5:ComputerEquipment2024-03-3107194386ns5:LandBuildings2023-03-3107194386ns5:FurnitureFittings2023-03-3107194386ns5:ComputerEquipment2023-03-3107194386ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107194386ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107194386ns5:DeferredTaxation2023-03-3107194386ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 07194386 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KAZ HOTELS LIMITED
T/A
CHISWICK ROOMS

KAZ HOTELS LIMITED (REGISTERED NUMBER: 07194386)
T/A CHISWICK ROOMS

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


KAZ HOTELS LIMITED (REGISTERED NUMBER: 07194386)
T/A CHISWICK ROOMS

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,284,212 6,284,212

CURRENT ASSETS
Stocks 135 153
Debtors 5 94,609 22,248
Cash at bank and in hand 26,904 793,901
121,648 816,302
CREDITORS
Amounts falling due within one year 6 (1,600,519 ) (846,621 )
NET CURRENT LIABILITIES (1,478,871 ) (30,319 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,805,341

6,253,893

CREDITORS
Amounts falling due after more than one year 7 - (1,848,125 )

PROVISIONS FOR LIABILITIES 8 (410,840 ) (409,694 )
NET ASSETS 4,394,501 3,996,074

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 2,093,670 2,093,670
Retained earnings 2,300,731 1,902,304
SHAREHOLDERS' FUNDS 4,394,501 3,996,074

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.

KAZ HOTELS LIMITED (REGISTERED NUMBER: 07194386)
T/A CHISWICK ROOMS

BALANCE SHEET - 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 25 November 2024 and were signed on its behalf by:





K Bhimji - Director


KAZ HOTELS LIMITED (REGISTERED NUMBER: 07194386)
T/A CHISWICK ROOMS

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


1. STATUTORY INFORMATION

KAZ Hotels Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and principal place of business 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.

Turnover
Turnover is recognised when satisfying performance obligations of hotel services, and when control is transferred in respect of goods connected to hotel services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

With the exception of freehold property, tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Freehold property is carried at revalued amount, being fair value at the date of valuation. Revaluations are performed with sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using fair values at the end of each reporting period.

Any revaluation increase in the carrying amount of freehold property is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended. Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss.

Freehold property is not depreciated as the residual value is deemed to be materially the same as the current valuation.

Improvements to property has been combined with freehold property as part of this initial revaluation. The use of a policy of revaluation provides more relevant and reliable information about the value of the property owned by the company.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
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 in other administrative expenses.


KAZ HOTELS LIMITED (REGISTERED NUMBER: 07194386)
T/A CHISWICK ROOMS

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


2. ACCOUNTING POLICIES - continued
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 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 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.

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

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 6,284,212 49,989 4,205 6,338,406
DEPRECIATION
At 1 April 2023
and 31 March 2024 - 49,989 4,205 54,194
NET BOOK VALUE
At 31 March 2024 6,284,212 - - 6,284,212
At 31 March 2023 6,284,212 - - 6,284,212

If freehold property had not been revalued it would have been included at the following historical cost:

20242023
££
Cost4,172,7934,172,793

Freehold property was valued on an open market basis on 31 March 2024 by the directors.

KAZ HOTELS LIMITED (REGISTERED NUMBER: 07194386)
T/A CHISWICK ROOMS

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 87,118 -
Other debtors 7,491 22,248
94,609 22,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 100,000
Trade creditors 24,762 28,077
Amounts owed to group undertakings 1,464,906 503,472
Taxation and social security 101,367 123,634
Other creditors 9,484 91,438
1,600,519 846,621

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1,848,125

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 410,840 409,694

Deferred
tax
£   
Balance at 1 April 2023 409,694
Freehold property revaluation
Movement 1,146
Balance at 31 March 2024 410,840