Company registration number 10485932 (England and Wales)
HOTEL COLUMBUS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
HOTEL COLUMBUS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HOTEL COLUMBUS LIMITED (REGISTERED NUMBER: 10485932)
BALANCE SHEET
AS AT 31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,278,114
5,272,230
Current assets
Debtors
4
123,874
3,920
Cash at bank and in hand
603,529
743,792
727,403
747,712
Creditors: amounts falling due within one year
5
(104,424)
(110,058)
Net current assets
622,979
637,654
Net assets
5,901,093
5,909,884
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
5,900,093
5,908,884
Total equity
5,901,093
5,909,884

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 October 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 March 2025 and are signed on its behalf by:
Mrs Pieternelly Todd
Mr John Todd
Director
Director
HOTEL COLUMBUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

Hotel Columbus Limited is a private company limited by shares incorporated in England and Wales. The registered office is 128-130 Sussex Gardens, London, W2 1UB.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Hotel accommodation income is recognised for each night as it takes place at the room rate for that night. Food and beverage income is recognised on the day provided to the customer at the price for the items purchased.

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:

Leasehold land and buildings
no depreciation
Fixtures and fittings
12% on cost
Computers
25% on cost

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
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

HOTEL COLUMBUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 November 2023
5,250,000
48,465
-
0
5,298,465
Additions
10,890
-
0
827
11,717
At 31 October 2024
5,260,890
48,465
827
5,310,182
Depreciation and impairment
At 1 November 2023
-
0
26,235
-
0
26,235
Depreciation charged in the year
-
0
5,816
17
5,833
At 31 October 2024
-
0
32,051
17
32,068
Carrying amount
At 31 October 2024
5,260,890
16,414
810
5,278,114
At 31 October 2023
5,250,000
22,230
-
0
5,272,230
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,874
3,920
Other debtors
120,000
-
0
123,874
3,920
HOTEL COLUMBUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
9,627
27,661
Taxation and social security
88,117
80,458
Other creditors
6,680
1,939
104,424
110,058
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