Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312025-05-062024-12-312025-05-062024-01-019566falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09999588 2024-01-01 2024-12-31 09999588 2023-01-01 2023-12-31 09999588 2024-12-31 09999588 2023-12-31 09999588 2023-01-01 09999588 c:Director1 2024-01-01 2024-12-31 09999588 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 09999588 d:Buildings d:LongLeaseholdAssets 2024-12-31 09999588 d:Buildings d:LongLeaseholdAssets 2023-12-31 09999588 d:PlantMachinery 2024-01-01 2024-12-31 09999588 d:PlantMachinery 2024-12-31 09999588 d:PlantMachinery 2023-12-31 09999588 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09999588 d:FurnitureFittings 2024-01-01 2024-12-31 09999588 d:FurnitureFittings 2024-12-31 09999588 d:FurnitureFittings 2023-12-31 09999588 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09999588 d:OfficeEquipment 2024-01-01 2024-12-31 09999588 d:OfficeEquipment 2024-12-31 09999588 d:OfficeEquipment 2023-12-31 09999588 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09999588 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09999588 d:CurrentFinancialInstruments 2024-12-31 09999588 d:CurrentFinancialInstruments 2023-12-31 09999588 d:Non-currentFinancialInstruments 2024-12-31 09999588 d:Non-currentFinancialInstruments 2023-12-31 09999588 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09999588 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09999588 d:ShareCapital 2024-12-31 09999588 d:ShareCapital 2023-12-31 09999588 d:ShareCapital 2023-01-01 09999588 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09999588 d:RetainedEarningsAccumulatedLosses 2024-12-31 09999588 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09999588 d:RetainedEarningsAccumulatedLosses 2023-12-31 09999588 d:RetainedEarningsAccumulatedLosses 2023-01-01 09999588 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 09999588 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09999588 c:FRS102 2024-01-01 2024-12-31 09999588 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09999588 c:FullAccounts 2024-01-01 2024-12-31 09999588 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09999588 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 09999588









DOUBLE SEVEN HOSPITALITY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
DOUBLE SEVEN HOSPITALITY LIMITED
 
 
  
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DOUBLE SEVEN HOSPITALITY LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

You consider that the Company is exempt from an audit for the year ended 31 December 2024. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the financial statements on pages 11 from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.

  



Paperchase Business Services Ltd
 
The Courtyard
14A Sydenham Road
Croydon
London
CR0 2EE
6 May 2025
Page 1

 
DOUBLE SEVEN HOSPITALITY LIMITED
REGISTERED NUMBER: 09999588

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,403,609
2,717,155

  
2,403,609
2,717,155

Current assets
  

Stocks
  
74,003
71,190

Debtors
 5 
748,577
856,760

Cash at bank and in hand
 6 
132,657
35,470

  
955,237
963,420

Creditors: amounts falling due within one year
 7 
(7,049,301)
(5,984,634)

Net current liabilities
  
 
 
(6,094,064)
 
 
(5,021,214)

Total assets less current liabilities
  
(3,690,455)
(2,304,059)

Provisions for liabilities
  

Deferred tax
 8 
(330,459)
(246,940)

  
 
 
(330,459)
 
 
(246,940)

Net liabilities
  
(4,020,914)
(2,550,999)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(4,021,014)
(2,551,099)

  
(4,020,914)
(2,550,999)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 2

 
DOUBLE SEVEN HOSPITALITY LIMITED
REGISTERED NUMBER: 09999588
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Esther Arnanz Saez
Director

Date: 6 May 2025

The notes on pages 5 to 11 form part of these financial statements.

Page 3

 

 
DOUBLE SEVEN HOSPITALITY LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 January 2023
100
(1,011,041)
(1,010,941)



Comprehensive income for the year


Loss for the year
-
(1,540,058)
(1,540,058)





At 1 January 2024
100
(2,551,099)
(2,550,999)





Loss for the year
-
(1,469,915)
(1,469,915)



At 31 December 2024
100
(4,021,014)
(4,020,914)



The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
DOUBLE SEVEN HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Double Seven Hospitality Limited is a private company limited by share capital, incorporated in England
and Wales. The registered address and number are as below:
Registered Address : Ground Floor And Basement, 32 Maddox Street, London, England, W1S 1PU.
Company Number : 09999588

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
DOUBLE SEVEN HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 6

 
DOUBLE SEVEN HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
SLM
Plant and machinery
-
25%
SLM
Fixtures and fittings
-
25%
SLM
Office equipment
-
25%
SLM

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 7

 
DOUBLE SEVEN HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 66 (2023 - 95).

Page 8

 
DOUBLE SEVEN HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
3,315,643
403,183
289,785
73,565
4,082,176


Additions
59,736
1,495
39,599
2,875
103,705



At 31 December 2024

3,375,379
404,678
329,384
76,440
4,185,881



Depreciation


At 1 January 2024
811,338
302,336
203,666
47,682
1,365,022


Charge for the year on owned assets
330,648
31,086
45,507
10,009
417,250



At 31 December 2024

1,141,986
333,422
249,173
57,691
1,782,272



Net book value



At 31 December 2024
2,233,393
71,256
80,211
18,749
2,403,609



At 31 December 2023
2,504,305
100,847
86,119
25,884
2,717,155


5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
347,724
394,184

347,724
394,184

Due within one year

Trade debtors
78,357
74,805

Other debtors
47,120
137,557

Called up share capital not paid
100
100

Prepayments and accrued income
275,276
250,114

748,577
856,760


Page 9

 
DOUBLE SEVEN HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
132,657
35,470

132,657
35,470



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,408,345
1,380,679

Amounts owed to group undertakings
4,785,156
3,837,093

Other taxation and social security
32,737
40,096

Other creditors
39,225
51,670

Accruals and deferred income
783,838
675,096

7,049,301
5,984,634



8.


Deferred taxation




2024


£






At beginning of year
(246,941)


Charged to profit or loss
(83,518)



At end of year
(330,459)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(330,459)
(246,941)

(330,459)
(246,941)

Page 10

 
DOUBLE SEVEN HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £19,560 (2023 - £28,850) . 
Contributions totalling £1,403 (2023 - £4,716) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

An amount of £478,7568 (2023: £383,8691) was payable to a related company and an amount of £2,412
(2023: 1,598) was receivable from a related company as at the year end in which the directors had a
significant interest.


11.


Controlling party

The Immediate Parent Company is Double Seven Hospitality Holding Limited. It is registered in England
an Wales and its registered office address is Ground Floor And Basement, 32 Maddox Street, London, England, W1S 1PU

 
Page 11