for the Period Ended 31 July 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 July 2024
Principal activities of the company
Additional information
During the year under review, the company continued to attract significant investments dedicated to the development of a regional hotel chain, particularly across the Mediterranean region and the United Arab Emirates. Looking forward, the company will begin evaluating a pipeline of high-potential hotel assets, aiming to build a profitable portfolio capable of delivering consistent returns. The strategy emphasizes identifying opportunities that present strong growth potential and aligning operational models to scale efficiently. For the financial year ended 31 July 2024, the company recorded a loss of £169,782 (2023: loss of £7,920). The loss is primarily attributable to unfavorable GBP exchange rate fluctuations, particularly on foreign-denominated bonds sold during the period. Despite these foreign exchange impacts, the company maintained positive operating results, posting an operating profit of £48,272 (2023: £4,547), driven by increased other operating income of £64,002. The company’s balance sheet reflects long-term investments in bonds and capital projects totaling over £45 million, indicating a strong foundation for future revenue generation as projects mature.
Directors
The director shown below has held office during the whole of the period from
1 August 2023
to
31 July 2024
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Administrative expenses: |
(
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(
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Other operating income: |
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Operating profit(or loss): |
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Interest payable and similar charges: |
(
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(
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Profit(or loss) before tax: |
( |
( |
Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Investments: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 6 |
(
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(
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Total net assets (liabilities): |
( |
( |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
( |
( |
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Total Shareholders' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 July 2024
Basis of measurement and preparation
Other accounting policies
for the Period Ended 31 July 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 July 2024
Bonds issued 37,338,610 Construction in progress (CIP) and CapEX projects 7,763,829
for the Period Ended 31 July 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Total |
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for the Period Ended 31 July 2024
2024 | 2023 | |
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£ | £ | |
Trade creditors |
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Total |
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for the Period Ended 31 July 2024
2024 | 2023 | |
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£ | £ | |
Other creditors |
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Total |
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