REGISTERED NUMBER: |
YOUR HOTEL INTEGRATION (CONTRACTS) |
LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
REGISTERED NUMBER: |
YOUR HOTEL INTEGRATION (CONTRACTS) |
LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
YOUR HOTEL INTEGRATION (CONTRACTS) |
LIMITED (REGISTERED NUMBER: 03517900) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
YOUR HOTEL INTEGRATION (CONTRACTS) |
LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
INDEPENDENT AUDITORS: |
Chartered Accountants and |
Statutory Auditor |
21 Lodge Lane |
Grays |
Essex |
RM17 5RY |
YOUR HOTEL INTEGRATION (CONTRACTS) |
LIMITED (REGISTERED NUMBER: 03517900) |
STATEMENT OF FINANCIAL POSITION |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
YOUR HOTEL INTEGRATION (CONTRACTS) |
LIMITED (REGISTERED NUMBER: 03517900) |
STATEMENT OF FINANCIAL POSITION - continued |
30 APRIL 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
YOUR HOTEL INTEGRATION (CONTRACTS) |
LIMITED (REGISTERED NUMBER: 03517900) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Your Hotel Integration (Contracts) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The directors have undertaken a review of the business and the Group, and have a reasonable expectation that the Group, and therefore the Company, has adequate resources to continue to be operational for a period of 12 months from the date of approval of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements for the year ended 30 April 2024. |
Turnover |
Sales are recongnised on the date the holiday is booked, any subsequent changes or cancellations are adjusted on the date that the change occurs. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
YOUR HOTEL INTEGRATION (CONTRACTS) |
LIMITED (REGISTERED NUMBER: 03517900) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 May 2023 |
Additions |
At 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
YOUR HOTEL INTEGRATION (CONTRACTS) |
LIMITED (REGISTERED NUMBER: 03517900) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
Subsidiary undertakings |
The following is a subsidiary undertakings of the Company: |
Name |
Class ofshares |
Holding |
Villas For Travel Limited | Ordinary | 38% |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
YOUR HOTEL INTEGRATION (CONTRACTS) |
LIMITED (REGISTERED NUMBER: 03517900) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
The company's bankers have a fixed and floating charge over the assets of the company. |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | RELATED PARTY DISCLOSURES |
As the Company is a wholly owned subsidiary of Notsallow 134 Limited the Company has taken advantage of the exemption in FRS102 disclosure 33.1A and has therefore not disclosed transactions or balances with other wholly-owned subsidiaries which form part of the group headed by Vertical Group Limited. |
Transactions with companies not wholly owned by the group are as follows: |
As at 30 April 2024 the Company was due £53,606 (2023: £53,606) from MI Telecom Limited a company controlled by Notsallow 134 Limited (the parent company), by virtue of 60% ownership. |
As at 30 April 2024 the Company owed £4,432 (2023: £4,432) to Villas For Travel Limited a company in which 38% of the shares are owned. |
During the year the Company made sales of £nil (2023: £5,924,735) to and purchases of £nil (2023: £127,000) from Verticalbeds Marketing DWC-LLC, a company under common control. Included in trade debtors at 30 April 2024 were balances of £146,980 (2023: £4,067,137) |
During the year website fees totalling £107,616 (2023: £101,016) were paid to Representation Media Limited, a company controlled by the daughter of one of the directors. Included in Trade creditors at 30 April 2024 was a balance of £21,523 (2023 - £19,602). |
YOUR HOTEL INTEGRATION (CONTRACTS) |
LIMITED (REGISTERED NUMBER: 03517900) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate parent undertaking of this company as at the year end 30 April 2024 was Vertical Group Limited which is incorporated and registered in England and Wales. |
The parent undertaking and controlling party of this company is Notsallow 134 Limited which is incorporated and registered in England and Wales. The largest and smallest group of undertakings which include this Company and for which consolidated accounts have been drawn up is that headed by Vertical Group Limited. |
The consolidated financial statements, within which this Company is included, can be obtained from 14 Hemmells, Laindon, Basildon, Essex, SS15 6ED. This is also the registered office address of Vertical Group Limited. |
The ultimate controlling party is Peter Healey. |