Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activityfalsefalsetrue02023-12-010true 13734134 2023-12-01 2024-03-31 13734134 2022-12-01 2023-11-30 13734134 2024-03-31 13734134 2023-11-30 13734134 c:Director1 2023-12-01 2024-03-31 13734134 d:CurrentFinancialInstruments 2024-03-31 13734134 d:CurrentFinancialInstruments 2023-11-30 13734134 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13734134 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13734134 d:ShareCapital 2024-03-31 13734134 d:ShareCapital 2023-11-30 13734134 d:RetainedEarningsAccumulatedLosses 2024-03-31 13734134 d:RetainedEarningsAccumulatedLosses 2023-11-30 13734134 c:OrdinaryShareClass1 2023-12-01 2024-03-31 13734134 c:OrdinaryShareClass1 2024-03-31 13734134 c:OrdinaryShareClass1 2023-11-30 13734134 c:FRS102 2023-12-01 2024-03-31 13734134 c:Audited 2023-12-01 2024-03-31 13734134 c:FullAccounts 2023-12-01 2024-03-31 13734134 c:PrivateLimitedCompanyLtd 2023-12-01 2024-03-31 13734134 c:SmallCompaniesRegimeForAccounts 2023-12-01 2024-03-31 13734134 4 2023-12-01 2024-03-31 13734134 e:PoundSterling 2023-12-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 13734134







FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2024


HSQ HOSPITALITY LIMITED






































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HSQ HOSPITALITY LIMITED
REGISTERED NUMBER:13734134



BALANCE SHEET
AS AT 31 MARCH 2024

31 March
30 November
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
100
8,664

Cash at bank and in hand
  
1,117
1,954

  
1,217
10,618

Creditors: amounts falling due within one year
 5 
(611,000)
(620,366)

Net current liabilities
  
 
 
(609,783)
 
 
(609,748)

Total assets less current liabilities
  
(609,783)
(609,748)

  

Net liabilities
  
(609,783)
(609,748)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(609,883)
(609,848)

  
(609,783)
(609,748)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Kiran Bhojwani
Director

Date: 22 November 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


HSQ HOSPITALITY LIMITED
 


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

1.


General information

HSQ Hospitality 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis despite the company's net liability position and the decision of the directors to abort the plan to set up a restaurant trading through the company. The directors may use the company in the future to facilitate a new restaurant project.
The directors having made appropriate enquiries consider that adequate resources exist for the company to continue in operational existence for the foreseeable future on the basis that the company has received confirmation from its parent of continued support to meet its liabilities as they fall due and has received similar confirmation from its ultimate parent company. The support has been provided for at least one year following the date of approval of these financial statements and will be extended as required to enable the company to meet its debts as they fall due. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements.

 
2.3

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to and from related parties.

Page 2

 


HSQ HOSPITALITY LIMITED
 


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

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 -£NIL).


4.


Debtors

31 March
30 November
2024
2023
£
£


VAT receivable
-
8,564

Called up share capital not paid
100
100

100
8,664



5.


Creditors: Amounts falling due within one year

31 March
30 November
2024
2023
£
£

Trade creditors
-
19,366

Amounts owed to group undertakings
600,000
590,000

Accruals and deferred income
11,000
11,000

611,000
620,366


Page 3

 


HSQ HOSPITALITY LIMITED
 


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

6.


Share capital

31 March
30 November
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 -100) Ordinary shares of £1.00 each
100
100



7.


Controlling party

The ultimate controlling party of the company is LSL Holdings Pvt Ltd (formerly Leela Hospitality Pvt Ltd), a company incorporated in India. The smallest group into which this entity is consolidated into is the financial statements of LSL Holdings Pvt Ltd whose registered office is 703 Leela Business Park, Andheri - Kurla Road, Andheri (East), Mumbai - 400059, India.


8.


Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2024 was unqualified.

The audit report was signed on 22 November 2024 by Andrew Wooding FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 4