Company Registration No. 05846189 (England and Wales)
Diamond Hotels Limited
Unaudited accounts
for the year ended 30 June 2024
Diamond Hotels Limited
Unaudited accounts
Contents
Diamond Hotels Limited
Company Information
for the year ended 30 June 2024
Directors
Vito Gerald Rossi
Chi Tong Rossi
Company Number
05846189 (England and Wales)
Registered Office
66 Stanley Road
Teddington
TW11 8TX
England
Accountants
Bell Howley Perrotton LLP
53 Davies Street
Mayfair
London
W1K 5JH
Diamond Hotels Limited
Statement of financial position
as at 30 June 2024
Tangible assets
2,451,574
1,897,119
Cash at bank and in hand
327,837
411,216
Creditors: amounts falling due within one year
(59,661)
(193,721)
Net current assets
509,180
284,539
Total assets less current liabilities
2,960,856
2,181,658
Creditors: amounts falling due after more than one year
(1,977,380)
(1,398,610)
Provisions for liabilities
Net assets
807,448
783,048
Called up share capital
202
100
Profit and loss account
807,246
782,948
Shareholders' funds
807,448
783,048
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by
Vito Gerald Rossi
Director
Company Registration No. 05846189
Diamond Hotels Limited
Notes to the Accounts
for the year ended 30 June 2024
Diamond Hotels Limited is a private company, limited by shares, registered in England and Wales, registration number 05846189. The registered office is 66 Stanley Road, Teddington, TW11 8TX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Diamond Hotels Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 July 2023
1,890,000
9,769
1,899,769
Additions
554,455
-
554,455
At 30 June 2024
2,444,455
9,769
2,454,224
At 1 July 2023
-
2,650
2,650
At 30 June 2024
-
2,650
2,650
At 30 June 2024
2,444,455
7,119
2,451,574
At 31 May 2023
1,890,000
7,119
1,897,119
5
Investments
Subsidiary undertakings
Valuation at 1 July 2023
-
Valuation at 30 June 2024
102
Amounts falling due within one year
Trade debtors
27,411
67,044
Accrued income and prepayments
1,384
-
Amounts falling due after more than one year
Amounts due from group undertakings etc.
145,000
-
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,368
2,191
Amounts owed to group undertakings and other participating interests
-
2,317
Taxes and social security
48,729
178,278
Other creditors
2,317
10,935
Diamond Hotels Limited
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
1,977,380
1,398,610
Allotted, called up and fully paid:
202 Ordinary shares of £1 each
202
100
Shares issued during the period:
102 Ordinary shares of £1 each
102
10
Transactions with related parties
At the balance sheet date, E1W Limited owed the company £140,000, and £5,000 was owed by Teddington Lodge Limited, both subsidiaries.
At the balance sheet date, the company owed £1,977,380 to Syndicate Holdings Limited, a company connected to the director/shareholders.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).