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REGISTERED NUMBER: 06242189 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Sara Hotels Limited

Sara Hotels Limited (Registered number: 06242189)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sara Hotels Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs. Tasneem Hassan
Mrs. Insiyah Hassan
Ali Asghar Hassan
Fakharul Hassan





SECRETARY: Mrs. Nasrin Hassan





REGISTERED OFFICE: 173 Cleveland Street
London
W1T 6QR





REGISTERED NUMBER: 06242189 (England and Wales)





ACCOUNTANTS: Shah Dodhia & Co
173 Cleveland Street
London
W1T 6QR

Sara Hotels Limited (Registered number: 06242189)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,047,930 3,062,802
3,047,930 3,062,802

CURRENT ASSETS
Debtors 7 4,857 3,835
Cash at bank and in hand 869,888 1,010,592
874,745 1,014,427
CREDITORS
Amounts falling due within one year 8 523,632 560,107
NET CURRENT ASSETS 351,113 454,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,399,043

3,517,122

CREDITORS
Amounts falling due after more than one
year

9

-

42,260
NET ASSETS 3,399,043 3,474,862

CAPITAL AND RESERVES
Called up share capital 2,370 2,370
Share premium 3,069,776 3,069,776
Retained earnings 326,897 402,716
3,399,043 3,474,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Sara Hotels Limited (Registered number: 06242189)

Balance Sheet - continued
31 July 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





Ali Asghar Hassan - Director


Sara Hotels Limited (Registered number: 06242189)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Sara Hotels Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is written off over its estimated useful economic life on a straight line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - Over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Sara Hotels Limited (Registered number: 06242189)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Land included in Freehold property is not depreciated.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Sara Hotels Limited (Registered number: 06242189)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 August 2023
and 31 July 2024 100,000
AMORTISATION
At 1 August 2023
and 31 July 2024 100,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 August 2023 3,324,564 465,531 3,790,095
Additions - 4,875 4,875
At 31 July 2024 3,324,564 470,406 3,794,970
DEPRECIATION
At 1 August 2023 265,968 461,325 727,293
Charge for year 16,623 3,124 19,747
At 31 July 2024 282,591 464,449 747,040
NET BOOK VALUE
At 31 July 2024 3,041,973 5,957 3,047,930
At 31 July 2023 3,058,596 4,206 3,062,802

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 4,857 3,835

Sara Hotels Limited (Registered number: 06242189)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts - 63,312
Tax 26,892 76,935
Social security and other taxes 720 1,091
Wages control account 9,168 8,381
Pensions 276 249
VAT 45,150 43,274
Advance deposit 7,469 10,996
Tax on interest 1,015 2,696
Shareholder's loan 61,401 -
Directors' current accounts 365,113 348,673
Accrued expenses 6,428 4,500
523,632 560,107

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Shareholder's loan - 42,260