Period from 16 February 2023 to
Registration number:
Hotrema Limited
Balance Sheet
30 December 2023
Note |
2023 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Shareholders' deficit |
( |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 14667252
Hotrema Limited
Notes to the Financial Statements
Period from 16 February 2023 to 30 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The Company has taken advantage of the option offered by Companies Act 2006 to make its accounts up to 7 days either side of its accounting reference date. The current period is made up from 16 February 2023 to 31 December 2023.
Going concern
The Company's operations remain linked with the operations of the wider international group being its sole customer. Hotrema UAB, the parent, has confirmed that it will continue to provide necessary financial and other support required by the company for a minimum of 12 months from the date of approval of the financial statements. Consequently, the Board has concluded that the financial statements should be prepared on a going concern basis.
Revenue recognition
Turnover arises solely from recharges to fellow group companies.Turnover is shown net of value added tax.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity.
Hotrema Limited
Notes to the Financial Statements
Period from 16 February 2023 to 30 December 2023
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Hotrema Limited
Notes to the Financial Statements
Period from 16 February 2023 to 30 December 2023
Financial instruments
Classification
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Debtors |
2023 |
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Amounts owed by group undertakings |
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Prepayments |
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Other debtors |
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Hotrema Limited
Notes to the Financial Statements
Period from 16 February 2023 to 30 December 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2023 |
||
No. |
£ |
|
Ordinary shares of £1 each |
1,000 |
1,000 |
During the period, 1,000 Ordinary shares were issued at a par value of £1.
Related party transactions |
The Company has taken advantage of the exemption under Section 33.1A of FRS 102 not to disclose transactions with other wholly owned Group entities.
Parent and ultimate parent undertaking |
The company's immediate parent is
These financial statements are available upon request from Montuotojų g. 1C, Mažeikiai, 89101 Mažeikių r. sav., Lithuania.
Audit report |