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REGISTERED NUMBER: 04051741 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PARK AVENUE HOTEL (STAMFORD HILL)
LIMITED

PARK AVENUE HOTEL (STAMFORD HILL)
LIMITED (REGISTERED NUMBER: 04051741)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PARK AVENUE HOTEL (STAMFORD HILL)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: J Fekete
S Weinstock





SECRETARY: S Weinstock





REGISTERED OFFICE: 146 Clapton Common
London
E5 9AG





REGISTERED NUMBER: 04051741 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

PARK AVENUE HOTEL (STAMFORD HILL)
LIMITED (REGISTERED NUMBER: 04051741)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,047,739 1,057,331

CURRENT ASSETS
Debtors 6 633,410 465,141
Cash and cash equivalents 47,853 29,152
681,263 494,293
CREDITORS
Amounts falling due within one year 7 (901,950 ) (896,798 )
NET CURRENT LIABILITIES (220,687 ) (402,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

827,052

654,826

CREDITORS
Amounts falling due after more than one
year

8

32,884

38,201

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 794,167 616,624
SHAREHOLDERS' FUNDS 794,168 616,625
827,052 654,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PARK AVENUE HOTEL (STAMFORD HILL)
LIMITED (REGISTERED NUMBER: 04051741)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorized for issue by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:




J Fekete - Director



S Weinstock - Director


PARK AVENUE HOTEL (STAMFORD HILL)
LIMITED (REGISTERED NUMBER: 04051741)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Park Avenue Hotel (Stamford Hill) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

PARK AVENUE HOTEL (STAMFORD HILL)
LIMITED (REGISTERED NUMBER: 04051741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 993,376 52,449 109,789 1,987 1,157,601
DEPRECIATION
At 1 September 2023 - 32,530 66,603 1,137 100,270
Charge for year - 2,987 6,477 128 9,592
At 31 August 2024 - 35,517 73,080 1,265 109,862
NET BOOK VALUE
At 31 August 2024 993,376 16,932 36,709 722 1,047,739
At 31 August 2023 993,376 19,919 43,186 850 1,057,331

Improvements to leasehold property have not been depreciated. Directors are of the opinion that since the leasehold property has been maintained continuously to an adequate standard, depreciation does not reflect the true state of affairs.

The directors have concluded that the financial statements give a true and fair view of the entity’s financial position and performance. The company has complied with all other requirement of FRS 102 section 1A except for the departure mentioned above.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 144,761
Other debtors 633,410 320,380
633,410 465,141

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 14,834 17,312
Taxation and social security 87,568 90,338
Other creditors 799,548 789,148
901,950 896,798

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other creditors 32,884 38,201

Other creditor includes Bounceback loan of £32,884 [2023 - £38,201]. The loan is unsecured and guaranteed by HM Government.

PARK AVENUE HOTEL (STAMFORD HILL)
LIMITED (REGISTERED NUMBER: 04051741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 32,884 38,201

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 September 2023 616,624
Profit for the year 177,543
At 31 August 2024 794,167