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REGISTERED NUMBER: 11572465 (England and Wales)











Hosteum Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Hosteum Limited (Registered number: 11572465)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Hosteum Limited

Company Information
for the Year Ended 31 March 2024







Director: M Goldstein





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 11572465 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Hosteum Limited (Registered number: 11572465)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
Fixed assets
Investment property 4 629,256 629,256

Current assets
Cash at bank 15,377 9,736

Creditors
Amounts falling due within one year 5 (413,374 ) (434,394 )
Net current liabilities (397,997 ) (424,658 )
Total assets less current liabilities 231,259 204,598

Creditors
Amounts falling due after more than one
year

6

(92,887

)

(96,887

)

Provisions for liabilities 8 (9,122 ) (9,122 )
Net assets 129,250 98,589

Capital and reserves
Called up share capital 9 100 100
Fair value reserve 10 38,889 38,889
Retained earnings 90,261 59,600
Shareholders' funds 129,250 98,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Hosteum Limited (Registered number: 11572465)

Balance Sheet - continued
31 March 2024


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 8 January 2025 and were signed by:





M Goldstein - Director


Hosteum Limited (Registered number: 11572465)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Hosteum Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 year 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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 1 ) .

Hosteum Limited (Registered number: 11572465)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Investment property
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 629,256
Net book value
At 31 March 2024 629,256
At 31 March 2023 629,256

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 629,256

If Investment property had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 581,245 581,245

Investment property was valued on an open market value basis on 31 March 2024 by director .

5. Creditors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Corporation tax 7,192 8,520
Social security and other taxes 44 -
Directors' current accounts 405,058 424,824
Accrued expenses 1,080 1,050
413,374 434,394

6. Creditors: amounts falling due after more than one year
31.3.24 31.3.23
£    £   
Bank loans repayable after more than five
years

92,887

96,887

Hosteum Limited (Registered number: 11572465)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. Creditors: amounts falling due after more than one year - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable after more than five
years

92,887

96,887

7. Secured debts

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 92,887 96,887

The bank loan is secured on the company's property.

8. Provisions for liabilities
31.3.24 31.3.23
£    £   
Deferred tax 9,122 9,122

Deferred
tax
£   
Balance at 1 April 2023 9,122
Balance at 31 March 2024 9,122

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

Hosteum Limited (Registered number: 11572465)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. Reserves
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 38,889