Registered number
12343570
Sidhi Vinayak Hotel LTD
Filleted Accounts
31 December 2024
Sidhi Vinayak Hotel LTD
Registered number: 12343570
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,503 20,737
25,503 20,737
Current assets
Stocks 16,000 4,500
Cash at bank and in hand 3,672 265
19,672 4,765
Creditors: amounts falling due within one year 4 (121,822) (124,965)
Net current liabilities (102,150) (120,200)
Total assets less current liabilities (76,647) (99,463)
Creditors: amounts falling due after more than one year 5 (16,666) (23,717)
Net liabilities (93,313) (123,180)
Capital and reserves
Called up share capital 2 2
Profit and loss account (93,315) (123,182)
Shareholders' funds (93,313) (123,180)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Pandey
Director
Approved by the board on 8 March 2025
Sidhi Vinayak Hotel LTD
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% reducing balance
Motor Vehicles 25% reducing balance
Plant and equipment 25% reducing balance
Fixtures and fittings 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Average number of persons employed by the company 16 13
3 Tangible fixed assets
Computer Equipment Plant and Equipment Motor vehicles Furniture and Fixtures Total
£ £ £ £ £
Cost
At 1 January 2024 1,430 15,392 3,500 19,139 39,461
Additions 217 1,233 11,300 517 13,267
Surplus on revaluation - - - - -
Disposals - - - - -
At 31 December 2024 1,647 16,625 14,800 19,656 52,728
Depreciation
At 1 January 2024 696 5,620 1,818 10,590 18,724
Charge for the year 238 2,751 3,246 2,266 8,501
Surplus on revaluation - - - - -
On disposals - - - - -
At 31 December 2024 934 8,371 5,064 12,856 27,225
Net book value
At 31 December 2024 713 8,254 9,736 6,800 25,503
At 31 December 2023 734 9,772 1,682 8,549 20,737
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 15,464 39,586
Trade creditors 10,835 14,104
Directors loan 25,379 65
Taxation and social security costs 46,643 58,702
Other creditors 23,501 12,508
121,822 124,965
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,666 23,717
16,666 23,717
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr N Pandey
65 - 25,314 25,379
65 - 25,314 25,379
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