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REGISTERED NUMBER: 12138068 (England and Wales)















AMAZEHOTELS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2023 TO 30 DECEMBER 2023






AMAZEHOTELS LTD (REGISTERED NUMBER: 12138068)

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


AMAZEHOTELS LTD

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







DIRECTOR: Ms N Rabani





REGISTERED OFFICE: Ruthin Castle
Castle Street
Ruthin
Clwyd
LL15 2NU





REGISTERED NUMBER: 12138068 (England and Wales)






AMAZEHOTELS LTD (REGISTERED NUMBER: 12138068)

BALANCE SHEET
30 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 18,281 43,801
Debtors 4 18,785,797 18,089,923
Cash at bank 74,621 668,647
18,878,699 18,802,371
CREDITORS
Amounts falling due within one year 5 2,853,478 2,172,942
NET CURRENT ASSETS 16,025,221 16,629,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,025,221

16,629,429

CREDITORS
Amounts falling due after more than one
year

6

16,018,271

16,628,079
NET ASSETS 6,950 1,350

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,850 1,250
6,950 1,350

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.

AMAZEHOTELS LTD (REGISTERED NUMBER: 12138068)

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


AMAZEHOTELS LTD (REGISTERED NUMBER: 12138068)

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


1. STATUTORY INFORMATION

Amazehotels 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.

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.

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.

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.

AMAZEHOTELS LTD (REGISTERED NUMBER: 12138068)

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


2. ACCOUNTING POLICIES - continued

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 24 (2022 - 23 ) .

4. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 406,021 21,846
Other debtors 2,679,776 1,768,077
3,085,797 1,789,923

Amounts falling due after more than one year:
Other debtors 15,700,000 16,300,000

Aggregate amounts 18,785,797 18,089,923

A bank loan in the name of Amazehotels Limited is secured on the land and buildings held by commonly owned companies, the share of the loan is disclosed in each company's accounts and totals £16,300,000 due to AmazeHotels Limited.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 610,000 610,000
Trade creditors 21,562 12,992
Taxation and social security 128,133 104,939
Other creditors 2,093,783 1,445,011
2,853,478 2,172,942

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,018,271 16,628,079

AMAZEHOTELS LTD (REGISTERED NUMBER: 12138068)

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


7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 16,628,271 17,238,079

A bank loan in the name of Amazehotels Ltd totalling £16,600,000 is secured on the land and buildings held by commonly owned Companies, in addition to which the director has given personal guarantees against.

8. 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. The Company's share of this loan is disclosed as a bank loan within these Accounts. However in the event that one of the other Companies is unable to meet its repayment obligations then the Company may be required to make further payments, over and above its disclosed commitments. 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.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the Company owed the Director £199,900 (2022: £199,900). This loan is interest free and has no formal repayment terms.