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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
Page
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Guild Host Limited Company Information for the year ended 31 May 2024
Director
Mr Tasveer Singh
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
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Guild Host Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,329 
12,475 
Current assets
Debtors
811 
1,272 
Cash at bank and in hand
198 
16,121 
1,009 
17,393 
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
Deferred tax
(950)
(1,881)
Net liabilities
(223,091)
(200,154)
Capital and reserves
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
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Guild Host Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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%
Going concern
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 taxation
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.
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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 
Additions
- 
2,083 
2,083 
At 31 May 2024
755 
19,276 
20,031 
Depreciation
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 
Net book value
At 31 May 2024
426 
7,903 
8,329 
At 31 May 2023
577 
11,898 
12,475 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
811 
1,272 
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)
231,479 
228,141 
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).
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