REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 August 2024 |
for |
HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 August 2024 |
for |
HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD |
HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 AUGUST 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD |
Company Information |
FOR THE YEAR ENDED 31 AUGUST 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
A trading name of PCM Accounting Limited |
2 Jardine House |
Harrovian Business Village |
Bessborough Road |
Harrow |
Middlesex |
HA1 3EX |
HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693) |
Statement of Financial Position |
31 AUGUST 2024 |
31.8.24 | 31.8.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
Investments | 5 |
CURRENT ASSETS |
Inventories | 6 |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693) |
Statement of Financial Position - continued |
31 AUGUST 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 AUGUST 2024 |
1. | STATUTORY INFORMATION |
Hotel Technology Management (HTM) Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Hotel Technology Management (HTM) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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 statement of financial position date. |
HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 AUGUST 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Fixed asset investments |
Fixed asset investments are stated at original cost. |
An annual imparement review is carried out by the board and full provision made for any permanent diminution in value. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | PROPERTY, PLANT AND EQUIPMENT |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 September 2023 |
Additions |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 AUGUST 2024 |
4. | PROPERTY, PLANT AND EQUIPMENT - continued |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 September 2023 |
Additions |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
5. | FIXED ASSET INVESTMENTS |
31.8.24 | 31.8.23 |
£ | £ |
Shares in group undertakings |
Other investments not loans |
Additional information is as follows: |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
Investments (neither listed nor unlisted) were as follows: |
31.8.24 | 31.8.23 |
£ | £ |
Fixed asset investments | 476,595 | 469,839 |
HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 AUGUST 2024 |
5. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
Registered office: Calle Jacinto Benavente, 7, Edificio Ami , Bajo – C, 29601 – Marbella, España |
Nature of business: |
% |
Class of shares: | holding |
6. | INVENTORIES |
31.8.24 | 31.8.23 |
£ | £ |
Stocks |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Trade debtors |
Other debtors |
Directors' current accounts | 320,473 | 179,166 |
Corporation Tax |
Prepayments and accrued income |
The Directors' current accounts represent loans to the company's directors, and the amount outstanding at the balance sheet date represent the maximum amount outstanding during the year under review. |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Trade creditors |
Corporation Tax |
Other taxation and social security |
Other creditors |
Accruals and deferred income |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.8.24 | 31.8.23 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 AUGUST 2024 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.24 | 31.8.23 |
value: | £ | £ |
Ordinary | £1 | 80 | 80 |
11. | ULTIMATE CONTROLLING PARTY |
Throughout the year, the company was under the control of Mr S E Alexander, its sole director and majority shareholder. |