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REGISTERED NUMBER: 11637674 (England and Wales)















SAPPHIRE HOTEL COLLECTION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2023 TO 30 DECEMBER 2023






SAPPHIRE HOTEL COLLECTION LTD (REGISTERED NUMBER: 11637674)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAPPHIRE HOTEL COLLECTION LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023







DIRECTOR: Ms N Rabani





REGISTERED OFFICE: Hollin Hall Hotel
Jackson Lane
Bollington
Macclesfield
Cheshire
SK10 5BG





REGISTERED NUMBER: 11637674 (England and Wales)






SAPPHIRE HOTEL COLLECTION LTD (REGISTERED NUMBER: 11637674)

BALANCE SHEET
30 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,334 2,667
Tangible assets 5 86,447 32,190
87,781 34,857

CURRENT ASSETS
Stocks 14,964 13,894
Debtors 6 2,078,202 1,932,895
Cash at bank and in hand 46,573 25,793
2,139,739 1,972,582
CREDITORS
Amounts falling due within one year 7 1,296,984 1,101,591
NET CURRENT ASSETS 842,755 870,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

930,536

905,848

CREDITORS
Amounts falling due after more than one
year

8

1,652,863

1,716,030
NET LIABILITIES (722,327 ) (810,182 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (722,427 ) (810,282 )
(722,327 ) (810,182 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SAPPHIRE HOTEL COLLECTION LTD (REGISTERED NUMBER: 11637674)

BALANCE SHEET - continued
30 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:





Ms N Rabani - Director


SAPPHIRE HOTEL COLLECTION LTD (REGISTERED NUMBER: 11637674)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023


1. STATUTORY INFORMATION

Sapphire Hotel Collection Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

During the year to 31 December 2023 the Company incurred a net profit of £87,855 (2022: loss of £171,884).

As at 31 December 2023 the company had net liabilities of £722,327 (2022: £810,182).

The Company is party to a composite loan in the name of Amazehotels Ltd, covering multiple other Companies, under a joint and several liability arrangement. The Company is reliant on the other companies for financial support in the event it cannot meet its repayment obligations.

Moving into 2024 the current macro economic conditions, with significant inflationary pressures, have the potential to limit the company's future planned growth and may alter the assessment of its ability to continue as a going concern.

The director considers it appropriate to prepare the accounts on a going concern basis, however the above events and conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

SAPPHIRE HOTEL COLLECTION LTD (REGISTERED NUMBER: 11637674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 43 (2022 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 30 December 2023 4,000
AMORTISATION
At 1 January 2023 1,333
Charge for period 1,333
At 30 December 2023 2,666
NET BOOK VALUE
At 30 December 2023 1,334
At 31 December 2022 2,667

SAPPHIRE HOTEL COLLECTION LTD (REGISTERED NUMBER: 11637674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 62,894
Additions 78,395
At 30 December 2023 141,289
DEPRECIATION
At 1 January 2023 30,704
Charge for period 24,138
At 30 December 2023 54,842
NET BOOK VALUE
At 30 December 2023 86,447
At 31 December 2022 32,190

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,078 79,451
Amounts owed by group undertakings 1,323,645 1,370,645
Other debtors 696,479 482,799
2,078,202 1,932,895

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 63,167 63,167
Trade creditors 149,998 98,422
Taxation and social security 53,825 66,008
Other creditors 1,029,994 873,994
1,296,984 1,101,591

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,652,863 1,716,030

SAPPHIRE HOTEL COLLECTION LTD (REGISTERED NUMBER: 11637674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,716,030 1,779,197

A bank loan in the name of Amazehotels Ltd, this company's share of which amounts to £1,716,030 is secured on the land and buildings held by this company, in addition to which the director has given personal guarantees against.

10. CONTINGENT LIABILITIES

The Company is party to a composite loan in the name of Amazehotels Ltd, covering multiple other Companies, under a joint and several liability arrangement. In the event that one of the other Companies is unable to meet its repayment obligations then the Company may be required to make the shortfall payments. As the amount and nature of these payments is not able to be quantified as at the Balance Sheet date, no provision has been made, rather has been disclosed as a potential contingent liability.