2023-07-252024-07-312024-07-31false15027162HG HOSPITALITY 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HG HOSPITALITY LTD

Registered Number
15027162
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2024

HG HOSPITALITY LTD
Company Information
for the period from 25 July 2023 to 31 July 2024

Director

SMITH, Lynsey Jane

Registered Address

100 Summerwood Lane
Halsall
Ormskirk
L39 8RH

Registered Number

15027162 (England and Wales)
HG HOSPITALITY LTD
Balance Sheet as at
31 July 2024

Notes

2024

£

£

Fixed assets
Tangible assets331,169
31,169
Current assets
Debtors47,841
Cash at bank and on hand9,214
57,055
Creditors amounts falling due within one year(59,836)
Net current assets (liabilities)(2,781)
Total assets less current liabilities28,388
Net assets28,388
Capital and reserves
Profit and loss account28,388
Shareholders' funds28,388
The financial statements were approved and authorised for issue by the Director on 29 April 2025, and are signed on its behalf by:
SMITH, Lynsey Jane
Director
Registered Company No. 15027162
HG HOSPITALITY LTD
Notes to the Financial Statements
for the period ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less any accumulated impairment losses. Depreciation is not provided on the playground installation in the year ended 31 July 2024. Capital allowances have been claimed in the corporation tax return.
2.Average number of employees

2024
Average number of employees during the year10
3.Tangible fixed assets

Total

£
Cost or valuation
Additions31,169
At 31 July 2431,169
Net book value
At 31 July 2431,169
At 24 July 23-