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COMPANY REGISTRATION NUMBER: 08032174
Eaton Hotel (London) Limited
Filleted Unaudited Financial Statements
For the year ended
30 April 2024
Eaton Hotel (London) Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
1,112,768
1,132,287
Current assets
Debtors
5
229,341
180,192
Cash at bank and in hand
54,504
34,874
---------
---------
283,845
215,066
Creditors: amounts falling due within one year
6
243,506
222,409
---------
---------
Net current assets/(liabilities)
40,339
( 7,343)
------------
------------
Total assets less current liabilities
1,153,107
1,124,944
Creditors: amounts falling due after more than one year
7
509,800
609,047
Provisions
12,764
10,667
------------
------------
Net assets
630,543
505,230
------------
------------
Eaton Hotel (London) Limited
Statement of Financial Position (continued)
30 April 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
630,443
505,130
---------
---------
Shareholders funds
630,543
505,230
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 July 2025 , and are signed on behalf of the board by:
M Boghani Nathoo
Director
Company registration number: 08032174
Eaton Hotel (London) Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 37 Bedford Road, Northwood, Middlesex, HA6 2AX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Fixtures and fittings
-
5% reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Tangible assets
Freehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1 May 2023
1,113,732
99,655
1,213,387
Additions
6,793
6,793
------------
---------
------------
At 30 April 2024
1,113,732
106,448
1,220,180
------------
---------
------------
Depreciation
At 1 May 2023
55,354
25,746
81,100
Charge for the year
22,275
4,037
26,312
------------
---------
------------
At 30 April 2024
77,629
29,783
107,412
------------
---------
------------
Carrying amount
At 30 April 2024
1,036,103
76,665
1,112,768
------------
---------
------------
At 30 April 2023
1,058,378
73,909
1,132,287
------------
---------
------------
5. Debtors
2024
2023
£
£
Other debtors
229,341
180,192
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
28,007
21,978
Trade creditors
3,663
37,661
Social security and other taxes
95,721
71,370
Other creditors
116,115
91,400
---------
---------
243,506
222,409
---------
---------
Bank loans and overdrafts are secured against assets to which they relate. Also included within bank loans is a Coronavirus bounce back loan. The lender has been provided with a guarantee from the UK Government.
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
328,186
367,222
Other creditors
181,614
241,825
---------
---------
509,800
609,047
---------
---------
Bank loans and overdrafts are secured against assets to which they relate. The company has also taken out a Bounce Back Loan, which is guaranteed by the government.