Hotrema Limited 14667252 false 2023-02-16 2023-12-30 2023-12-30 The principal activity of the company is that of providing scaffolding and insulation services. Digita Accounts Production Advanced 6.30.9574.0 true true true 14667252 2023-02-16 2023-12-30 14667252 2023-12-30 14667252 bus:Consolidated 2023-12-30 14667252 core:RetainedEarningsAccumulatedLosses 2023-12-30 14667252 core:ShareCapital 2023-12-30 14667252 core:CurrentFinancialInstruments 2023-12-30 14667252 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-30 14667252 bus:SmallEntities 2023-02-16 2023-12-30 14667252 bus:Audited 2023-02-16 2023-12-30 14667252 bus:FilletedAccounts 2023-02-16 2023-12-30 14667252 bus:SmallCompaniesRegimeForAccounts 2023-02-16 2023-12-30 14667252 bus:RegisteredOffice 2023-02-16 2023-12-30 14667252 bus:Director2 2023-02-16 2023-12-30 14667252 bus:PrivateLimitedCompanyLtd 2023-02-16 2023-12-30 14667252 1 2023-02-16 2023-12-30 14667252 countries:EnglandWales 2023-02-16 2023-12-30 iso4217:GBP xbrli:pure

Hotrema Limited

Annual Report and Financial Statements
Period from 16 February 2023 to 30 December 2023

Registration number: 14667252

 

Hotrema Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

Hotrema Limited

Balance Sheet

30 December 2023

Note

2023
£

Current assets

 

Debtors

4

68,692

Cash at bank and in hand

 

829

 

69,521

Creditors: Amounts falling due within one year

5

(108,934)

Net liabilities

 

(39,413)

Capital and reserves

 

Called up share capital

6

1,000

Profit and loss account

(40,413)

Shareholders' deficit

 

(39,413)

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 director on 17 March 2025
 

.........................................
G Bauzyte
Director

Company Registration Number: 14667252

 

Hotrema Limited

Notes to the Financial Statements

Period from 16 February 2023 to 30 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
90 Victoria Street
Bristol
BS1 6DP

These financial statements were authorised for issue by the director on 17 March 2025.

2

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

ransactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective currency of the entity at the rates prevailing on the reporting date. Non- monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

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
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

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.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Debtors

2023
£

Amounts owed by group undertakings

47,151

Prepayments

202

Other debtors

21,339

68,692

 

Hotrema Limited

Notes to the Financial Statements

Period from 16 February 2023 to 30 December 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

60,628

Taxation and social security

29,806

Accruals and deferred income

16,500

Other creditors

2,000

108,934

6

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.

7

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.

8

Parent and ultimate parent undertaking

The company's immediate parent is UaB Hotrema, incorporated in Lithuania.

  These financial statements are available upon request from Montuotojų g. 1C, Mažeikiai, 89101 Mažeikių r. sav., Lithuania.

 

9

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was Robert Whitehead FCCA, who signed for and on behalf of PKF Francis Clark on 17 March 2025.