Company Registration No. 13416325 (England and Wales)
Guild Host Limited
Unaudited accounts
for the year ended 31 May 2024
Guild Host Limited
Unaudited accounts
Contents
Guild Host Limited
Company Information
for the year ended 31 May 2024
Company Number
13416325 (England and Wales)
Registered Office
9th Floor
107 Cheapside
London
EC2V 6DN
United Kingdom
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Guild Host Limited
Statement of financial position
as at 31 May 2024
Tangible assets
8,329
12,475
Cash at bank and in hand
198
16,121
Creditors: amounts falling due within one year
(231,479)
(228,141)
Net current liabilities
(230,470)
(210,748)
Total assets less current liabilities
(222,141)
(198,273)
Provisions for liabilities
Net liabilities
(223,091)
(200,154)
Called up share capital
1
1
Share premium
242,880
242,880
Profit and loss account
(465,972)
(443,035)
Shareholders' funds
(223,091)
(200,154)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 December 2024 and were signed on its behalf by
Mr Tasveer Singh
Director
Company Registration No. 13416325
Guild Host Limited
Notes to the Accounts
for the year ended 31 May 2024
Guild Host Limited is a private company, limited by shares, registered in England and Wales, registration number 13416325. The registered office is 9th Floor, 107 Cheapside, London, EC2V 6DN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight Line - 20.00%
Computer equipment
Straight Line - 33.33%
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Guild Host Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
755
17,193
17,948
At 31 May 2024
755
19,276
20,031
At 1 June 2023
178
5,295
5,473
Charge for the year
151
6,078
6,229
At 31 May 2024
329
11,373
11,702
At 31 May 2024
426
7,903
8,329
At 31 May 2023
577
11,898
12,475
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
185,128
185,970
Amounts owed to group undertakings and other participating interests
8,994
8,994
Taxes and social security
32,671
29,432
Other creditors
3,737
3,746
Loans from directors
949
(1)
As at the balance sheet date, Guild Host Limited owed £8,994 to Guild Community Host Inc (2023: £8,994). Guild Host Limited is a 100% owned subsidiary of Guild Community Host Inc.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).