Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-0111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09013566 2023-05-01 2024-04-30 09013566 2022-05-01 2023-04-30 09013566 2024-04-30 09013566 2023-04-30 09013566 c:Director1 2023-05-01 2024-04-30 09013566 d:OfficeEquipment 2023-05-01 2024-04-30 09013566 d:OfficeEquipment 2024-04-30 09013566 d:OfficeEquipment 2023-04-30 09013566 d:ComputerSoftware 2024-04-30 09013566 d:ComputerSoftware 2023-04-30 09013566 d:CurrentFinancialInstruments 2024-04-30 09013566 d:CurrentFinancialInstruments 2023-04-30 09013566 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09013566 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09013566 d:ShareCapital 2024-04-30 09013566 d:ShareCapital 2023-04-30 09013566 d:RetainedEarningsAccumulatedLosses 2024-04-30 09013566 d:RetainedEarningsAccumulatedLosses 2023-04-30 09013566 c:FRS102 2023-05-01 2024-04-30 09013566 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09013566 c:FullAccounts 2023-05-01 2024-04-30 09013566 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09013566 2 2023-05-01 2024-04-30 09013566 d:ComputerSoftware d:OwnedIntangibleAssets 2023-05-01 2024-04-30 09013566 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 09013566










ELITE HOSPITALITY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
ELITE HOSPITALITY LIMITED
REGISTERED NUMBER: 09013566

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,333
1,833

  
1,333
1,833

Current assets
  

Debtors: amounts falling due within one year
 6 
903
141

Cash at bank and in hand
 7 
6,495
17,297

  
7,398
17,438

Creditors: amounts falling due within one year
 8 
(3,725)
(3,238)

Net current assets
  
 
 
3,673
 
 
14,200

Total assets less current liabilities
  
5,006
16,033

  

Net assets
  
5,006
16,033


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,906
15,933

  
5,006
16,033


Page 1

 
ELITE HOSPITALITY LIMITED
REGISTERED NUMBER: 09013566
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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: 




A L Luri
Director

Date: 6 January 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ELITE HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Elite Hospitality Limited (09013566) is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
ELITE HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

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.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
ELITE HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
ELITE HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
ELITE HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Computer software

£



Cost


At 1 May 2023
2,500



At 30 April 2024

2,500



Amortisation


At 1 May 2023
667


Charge for the year on owned assets
500



At 30 April 2024

1,167



Net book value



At 30 April 2024
1,333



At 30 April 2023
1,833



Page 7

 
ELITE HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Office equipment

£



Cost


At 1 May 2023
879



At 30 April 2024

879



Depreciation


At 1 May 2023
879



At 30 April 2024

879



Net book value



At 30 April 2024
-



At 30 April 2023
-


6.


Debtors

2024
2023
£
£


Other debtors
903
141



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,495
17,297


Page 8

 
ELITE HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
487
-

Other creditors
188
188

Accruals and deferred income
3,050
3,050

3,725
3,238



9.


Related party transactions

Included in other creditors due within one year is an interest free loan to the value of £188 (2023 - £188) owed to the director of the company. This is repayable on demand.

 
Page 9