Company registration number 06280903 (England and Wales)
CASHMAN HOSPITALITY CONSULTING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
CASHMAN HOSPITALITY CONSULTING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CASHMAN HOSPITALITY CONSULTING LTD
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
313,830
313,830
Current assets
Debtors
5
701,100
356,900
Cash at bank and in hand
21,562
57,900
722,662
414,800
Creditors: amounts falling due within one year
6
(291,836)
(14,433)
Net current assets
430,826
400,367
Net assets
744,656
714,197
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
744,556
714,097
Total equity
744,656
714,197
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 12 February 2025 and are signed on its behalf by:
..............................................
Mr Peter Cashman
Director
Company registration number 06280903 (England and Wales)
CASHMAN HOSPITALITY CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information
Cashman Hospitality Consulting Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Southover, 6 Crayton Road, AMPTHILL, Beds, UK, MK45 2LE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
20% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Fixed asset investments
Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.5
Taxation
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
CASHMAN HOSPITALITY CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023
585
Disposals
(585)
At 31 May 2024
Depreciation and impairment
At 1 June 2023
585
Eliminated in respect of disposals
(585)
At 31 May 2024
Carrying amount
At 31 May 2024
At 31 May 2023
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
303,830
303,830
Other investments other than loans
10,000
10,000
313,830
313,830
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
7,600
42,900
Other debtors
693,500
314,000
701,100
356,900
CASHMAN HOSPITALITY CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
2,815
Trade creditors
20,997
20,997
Corporation tax
7,581
22,975
Other taxation and social security
6,438
12,300
Other creditors
256,820
(44,654)
291,836
14,433