MED HOTEL MANAGEMENT LTD

Company Registration Number:
12782853 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

MED HOTEL MANAGEMENT LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MED HOTEL MANAGEMENT LTD

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

Buying and selling of own real estate, management, development of real estate on a fee or contract basis.

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

Vitalijs Saposnikovs


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
14 April 2025

And signed on behalf of the board by:
Name: Vitalijs Saposnikovs
Status: Director

MED HOTEL MANAGEMENT LTD

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Administrative expenses: ( 15,730 ) ( 3,484 )
Other operating income: 64,002 8,031
Operating profit(or loss): 48,272 4,547
Interest payable and similar charges: ( 218,054 ) ( 12,467 )
Profit(or loss) before tax: (169,782) (7,920)
Profit(or loss) for the financial year: (169,782) (7,920)

MED HOTEL MANAGEMENT LTD

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 45,102,439 45,139,014
Total fixed assets: 45,102,439 45,139,014
Current assets
Debtors: 4 2,641 2,641
Cash at bank and in hand: 16,841 3,652
Total current assets: 19,482 6,293
Creditors: amounts falling due within one year: 5 ( 82,444 ) ( 100,947 )
Net current assets (liabilities): (62,962) (94,654)
Total assets less current liabilities: 45,039,477 45,044,360
Creditors: amounts falling due after more than one year: 6 ( 45,517,840 ) ( 45,352,941 )
Total net assets (liabilities): (478,363) (308,581)
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (479,363 ) (309,581 )
Total Shareholders' funds: ( 478,363 ) (308,581)

The notes form part of these financial statements

MED HOTEL MANAGEMENT LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 April 2025
and signed on behalf of the board by:

Name: Vitalijs Saposnikovs
Status: Director

The notes form part of these financial statements

MED HOTEL MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Assets and liabilities of foreign undertakings are translated into sterling at year-end exchange rates. The results of foreign undertakings are translated into sterling at average rates of exchange for the year. All exchange gains and losses are dealt with through the profit and loss account.

MED HOTEL MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

MED HOTEL MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Fixed assets investments note

Bonds issued 37,338,610 Construction in progress (CIP) and CapEX projects 7,763,829

MED HOTEL MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Trade debtors 2,641 2,641
Total 2,641 2,641

MED HOTEL MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 82,444 100,947
Total 82,444 100,947

MED HOTEL MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 45,517,840 45,352,941
Total 45,517,840 45,352,941