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REGISTERED NUMBER: 04437693 (England and Wales)










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: S E Alexander
Mrs V Alexander





SECRETARY: S E Alexander





REGISTERED OFFICE: 2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 04437693 (England and Wales)





ACCOUNTANTS: Barber & Company
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 4 125,724 107,881
Investments 5 479,074 469,839
604,798 577,720

CURRENT ASSETS
Inventories 6 64,837 40,960
Debtors 7 1,069,154 1,170,763
Cash at bank 875,560 1,057,155
2,009,551 2,268,878
CREDITORS
Amounts falling due within one year 8 734,790 882,010
NET CURRENT ASSETS 1,274,761 1,386,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,879,559

1,964,588

PROVISIONS FOR LIABILITIES 10,907 15,597
NET ASSETS 1,868,652 1,948,991

CAPITAL AND RESERVES
Called up share capital 10 80 80
Capital redemption reserve 20 20
Retained earnings 1,868,552 1,948,891
SHAREHOLDERS' FUNDS 1,868,652 1,948,991

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

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

HOTEL TECHNOLOGY MANAGEMENT (HTM) LTD (REGISTERED NUMBER: 04437693)

Statement of Financial Position - continued
31 AUGUST 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





S E Alexander - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 17 (2023 - 16 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 44,397 11,083 17,457
Additions - 9,469 5,037
At 31 August 2024 44,397 20,552 22,494
DEPRECIATION
At 1 September 2023 29,849 8,382 9,706
Charge for year 2,910 2,434 2,558
At 31 August 2024 32,759 10,816 12,264
NET BOOK VALUE
At 31 August 2024 11,638 9,736 10,230
At 31 August 2023 14,548 2,701 7,751

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 115,480 92,282 280,699
Additions 38,995 3,616 57,117
At 31 August 2024 154,475 95,898 337,816
DEPRECIATION
At 1 September 2023 67,838 57,043 172,818
Charge for year 21,659 9,713 39,274
At 31 August 2024 89,497 66,756 212,092
NET BOOK VALUE
At 31 August 2024 64,978 29,142 125,724
At 31 August 2023 47,642 35,239 107,881

5. FIXED ASSET INVESTMENTS

31.8.24 31.8.23
£    £   
Shares in group undertakings 2,479 -
Other investments not loans 476,595 469,839
479,074 469,839

Additional information is as follows:
Shares in
group
undertakings
£   
COST
Additions 2,479
At 31 August 2024 2,479
NET BOOK VALUE
At 31 August 2024 2,479

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:

Hotel Technology Management Spain SL
Registered office: Calle Jacinto Benavente, 7, Edificio Ami , Bajo – C, 29601 – Marbella, España
Nature of business: Trading company
%
Class of shares: holding
Ordinary 100.00

6. INVENTORIES
31.8.24 31.8.23
£    £   
Stocks 64,837 40,960

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 397,101 806,745
Other debtors 6,900 11,862
Directors' current accounts 320,473 179,166
Corporation Tax 118,818 60,469
Prepayments and accrued income 225,862 112,521
1,069,154 1,170,763

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 108,995 162,530
Corporation Tax 47,691 115,662
Other taxation and social security 37,228 139,996
Other creditors - 36,379
Accruals and deferred income 540,876 427,443
734,790 882,010

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 78,350 69,522
Between one and five years 150,223 178,085
In more than five years - 11,918
228,573 259,525

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: £    £   
80 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.