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REGISTERED NUMBER: 10255189 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KAZ HOTELS SHEPISTON LIMITED

KAZ HOTELS SHEPISTON LIMITED (REGISTERED NUMBER: 10255189)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


KAZ HOTELS SHEPISTON LIMITED (REGISTERED NUMBER: 10255189)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,843,155 -

CURRENT ASSETS
Debtors 5 33,836 23,921
Cash at bank 431 45,308
34,267 69,229
CREDITORS
Amounts falling due within one year 6 (2,105,390 ) (268,071 )
NET CURRENT LIABILITIES (2,071,123 ) (198,842 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(227,968

)

(198,842

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (228,068 ) (198,942 )
SHAREHOLDERS' FUNDS (227,968 ) (198,842 )

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 Statement of Income and Retained Earnings 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 SHEPISTON LIMITED (REGISTERED NUMBER: 10255189)

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


1. STATUTORY INFORMATION

KAZ Hotels Shepiston 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 Entries" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception being the investment property included at it's current market value.

Going concern
The company is financed by loans from a group company. The forecast cash flow of the company support that liabilities can be met as they fall due.

The directors of the company providing finance have committed that the funds currently made available to the company will remain in place for the foreseeable future and that additional funds will be made available if required.

It is on this basis that the directors have concluded that the company is a going concern. As a result, these financial statements are prepared on a going concern basis.

Investment property
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

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.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES

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

KAZ HOTELS SHEPISTON LIMITED (REGISTERED NUMBER: 10255189)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,843,155
At 31 March 2024 1,843,155
NET BOOK VALUE
At 31 March 2024 1,843,155

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 240 -
Amounts owed by group undertakings 22,132 22,900
Other debtors 11,464 1,021
33,836 23,921

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,408 285
Amounts owed to group undertakings 2,087,817 254,500
Taxation and social security - 168
Other creditors 12,165 13,118
2,105,390 268,071