Registered number
12013641
SAAS HOSPITALITY LIMITED
Filleted Accounts
31 December 2024
SAAS HOSPITALITY LIMITED
Registered number: 12013641
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 361,451 306,317
Tangible assets 5 2,763 3,024
Investments 6 357,758 278,134
721,972 587,475
Current assets
Debtors 7 875,101 755,199
Cash at bank and in hand 1,702,658 3,065,596
2,577,759 3,820,795
Creditors: amounts falling due within one year 8 (749,060) (680,135)
Net current assets 1,828,699 3,140,660
Net assets 2,550,671 3,728,135
Capital and reserves
Called up share capital 6,787 6,787
Share premium 6,067,614 6,067,614
Profit and loss account (3,523,730) (2,346,266)
Shareholders' funds 2,550,671 3,728,135
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Arden AGOPYAN
Director
Approved by the board on 23 April 2025
SAAS HOSPITALITY LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
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).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Trade marks 10% Straight line
Software platform 20% Straight line
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 33% Straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Employee benefits and Pensions
The costs of short-term employee benefits are recognised as a liability and an expense, unless
those costs are required to be recognised as part of the cost of stock or non-current assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s
services are received. Contributions to defined contribution plans are expensed in the period to
which they relate.
2 Directors' remuneration 2024 2023
£ £
Directors' remuneration 198,000 198,000
198,000 198,000
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
4 Intangible fixed assets Other-IP & Trademark Development Costs Total
£ £ £
At 1 January 2024 207,000 422,235 629,235
Additions 164,187 - 164,187
Disposals -
At 31 December 2024 371,187 422,235 793,422
At 1 January 2024 22,896 300,022 322,918
Provided during the year 24,606 84,447 109,053
On disposals -
At 31 December 2024 47,502 384,469 431,971
Net book value
At 31 December 2024 323,685 37,766 361,451
At 31 December 2023 184,104 122,213 306,317
5 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 6,992
Additions 2,180
At 31 December 2024 9,172
Depreciation
At 1 January 2024 3,968
Charge for the year 2,441
At 31 December 2024 6,409
Net book value
At 31 December 2024 2,763
At 31 December 2023 3,024
6 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2024 278,134
Additions 79,624
At 31 December 2024 357,758
Subsidiary:
HotelRunner, Inc
Registered office : 2810 NChurch St Suite 70304, Delaware
Shares Held: 100%
The principal activity of HotelRunner, Inc is that of a company focused on the sales and distribution of the group's services.

HotelRunner Teknoloji A.S.
Registered office : Zafer SB Mah. Nilufer Sk. No:29/9 Gaziemir, 35410 Izmir Turkey
Shares Held: 100%
The principal activity of HotelRunner Teknoloji A.S. is that of a company which is focused on the R&D of the group.

HotelRunner Bilgi Teknolojileri Ticaret A.S.
Registered office : Maltepe Ofispark Altayçesme USA Mah. Çamli Sk. No: 21 Kat:634843 Maltepe Istanbul Turkey
Shares Held: 100%
The principal activity of HotelRunner Bilgi Teknolojileri Ticaret A.S. is that of a company focused on the sales and distribution of the group's services.

HotelRunner DMCC
Registered office : Unit No: AG-13-H-F159, AG Tower, Plot No: JLT-PH1-I1A, Jumeirah Lakes Towers, Dubai, United Arab Emirates
Shares Held: 100%
The principal activity of HotelRunner DMCC is that of a company focused on the sales and distribution of the group's services.
7 Debtors 2024 2023
£ £
Trade debtors 1,697,935 1,623,963
Prepayments and accrued income (1,177,570) (1,177,570)
Rent deposit - 10,560
Corporation tax recoverable assets 310,172 274,587
Other debtors 44,564 23,659
875,101 755,199
8 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 696,970 620,728
Net wages payable 14,339 15,000
Pension payable 261 370
Taxation and social security costs (22,832) 8,699
Other creditors 60,322 35,338
749,060 680,135
9 Share Capital 2024 2023
Allotted, called up and fully paid £ £
215,868 Ordinary Shares of £0.005 each 1,080 1,080
539,678 Ordinary A shares of £0.005 each 2,699 2,699
88,661 Ordinary B shares of £0.005 each 443 443
371,661 Ordinary C shares of £0.005 each 1,858 1,858
141,485 Ordinary D shares of £0.005 each 707 707
6,787 6,787
10 Related party transactions
The company has taken advantage of the exemption in Section 33.1 A of FRS102 "Related Party Transaction” from disclosing transactions with other members of the group.
11 Controlling party
There are no controlling party.
12 Other information
SAAS HOSPITALITY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
C/O Fieldfisher Riverbank House
2 Swan Lane
London
United Kingdom
EC4R 3TT
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