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Company Registration No. 15019233 (England and Wales)
Ealing Green Hospitality Ltd Unaudited accounts for the period from 21 July 2023 to 31 July 2024
Ealing Green Hospitality Ltd Unaudited accounts Contents
Page
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Ealing Green Hospitality Ltd Company Information for the period from 21 July 2023 to 31 July 2024
Directors
Mr C N Rusu Ms C Tules
Secretary
Wellco Secretaries Ltd
Company Number
15019233 (England and Wales)
Registered Office
Albany House Claremont Lane Esher Surrey KT10 9FQ United Kingdom
Accountants
Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ
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Ealing Green Hospitality Ltd Statement of financial position as at 31 July 2024
2024 
Notes
£ 
Fixed assets
Investment property
20,676,868 
Current assets
Debtors
91,567 
Cash at bank and in hand
248,328 
339,895 
Creditors: amounts falling due within one year
(21,663,626)
Net current liabilities
(21,323,731)
Net liabilities
(646,863)
Capital and reserves
Called up share capital
1,000 
Profit and loss account
(647,863)
Shareholders' funds
(646,863)
For the period ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 3 January 2025 and were signed on its behalf by
Mr C N Rusu Director Company Registration No. 15019233
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Ealing Green Hospitality Ltd Notes to the Accounts for the period from 21 July 2023 to 31 July 2024
1
Statutory information
Ealing Green Hospitality Ltd is a private company, limited by shares, registered in England and Wales, registration number 15019233. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ, 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 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 and are rounded to the nearest £1 sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is s measured at the fair value of the consideration received or receivable, excluding discounts, rebates, concessions , rent free periods and value added tax. Turnover from rental income is recognised when the period of occupation has been delivered to the tenants.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Ealing Green Hospitality Ltd Notes to the Accounts for the period from 21 July 2023 to 31 July 2024
Going concern
At the date of the balance sheet the directors concluded that the company was a going concern and is reliant on support from the parent companies. The company made a loss in the first period of trading and has net current liabilities however it is expected to generate profits in the foreseeable future.
4
Investment property
2024 
£ 
Additions
20,676,868 
At 31 July 2024
20,676,868 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
55,004 
Accrued income and prepayments
3,303 
Other debtors
33,260 
91,567 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
59,976 
Trade creditors
43,980 
Amounts owed to group undertakings and other participating interests
21,328,279 
Loans from directors
2,800 
Accruals
3,500 
Deferred income
225,091 
21,663,626 
7
Share capital
2024 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
Shares issued during the period:
1,000 Ordinary shares of £1 each
1,000 
8
Transactions with related parties
The company was owed at the period end the following amounts from related parties: £21,328,279 to Macromex Holdings, the minority shareholder of the company, in relation to amounts advanced to the company including interest at a rate of 9%, less repayments £1,732,589 during the period. Interest charged on the loans amounted to £1,788,240 in the period. £32,260 from Mr D Minulescu, the PSC of the company, in relation to liabilities settled on behalf of the individual; £1,000 from Cedar Hills Re Investments Limited, the majority shareholder of the company, in relation to an interest free loan to the company.
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Ealing Green Hospitality Ltd Notes to the Accounts for the period from 21 July 2023 to 31 July 2024
9
Controlling party
The company is controlled by its parent company Cedar Hills Re Investments Ltd in which the controlling party is Mr D Minlescu.
10
Average number of employees
During the period the average number of employees was 2.
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