| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Period 25 March 2023 to 15 March 2024 |
| for |
| The Hotel Co. Project Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Period 25 March 2023 to 15 March 2024 |
| for |
| The Hotel Co. Project Limited |
| The Hotel Co. Project Limited (Registered number: 09558943) |
| Contents of the Financial Statements |
| For The Period 25 March 2023 to 15 March 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| The Hotel Co. Project Limited |
| Company Information |
| For The Period 25 March 2023 to 15 March 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Mill House |
| 58 Guildford Street |
| Chertsey |
| Surrey |
| KT16 9BE |
| The Hotel Co. Project Limited (Registered number: 09558943) |
| Balance Sheet |
| 15 March 2024 |
| 15.3.24 | 24.3.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET LIABILITIES | ( |
) | ( |
) |
| RESERVES |
| Income and expenditure account | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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 surplus or deficit 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. |
| The Hotel Co. Project Limited (Registered number: 09558943) |
| Balance Sheet - continued |
| 15 March 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| The Hotel Co. Project Limited (Registered number: 09558943) |
| Notes to the Financial Statements |
| For The Period 25 March 2023 to 15 March 2024 |
| 1. | STATUTORY INFORMATION |
| The Hotel Co. Project Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are prepared under the going concern basis, relying on the continued support of the company's directors and loan creditors. |
| 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 |
| Improvements to property | - |
| Furniture & fittings | - |
| Depreciation will commence in the period when the assets are brought into use. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease. |
| The total rentals payable over the term of each lease is charged evenly to the income statement so that there are no rent free periods if granted by a landlord for cash flow purposes. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| The Hotel Co. Project Limited (Registered number: 09558943) |
| Notes to the Financial Statements - continued |
| For The Period 25 March 2023 to 15 March 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Debtors |
| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. |
| Cash at bank and in hand |
| Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. |
| Creditors |
| Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. |
| Interest bearing borrowings |
| Loans received are stated at the initial amount received. Interest is accrued up to the end of the accounting period where not yet paid. Costs of raising finance are recognised in the profit and loss account in the period in which they are incurred. |
| Taxation |
| Taxation represents the sum of tax currently payable, and deferred tax if material. |
| The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
| Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. |
| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| The Hotel Co. Project Limited (Registered number: 09558943) |
| Notes to the Financial Statements - continued |
| For The Period 25 March 2023 to 15 March 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements |
| to | Furniture |
| property | & fittings | Totals |
| £ | £ | £ |
| COST |
| At 25 March 2023 |
| and 15 March 2024 |
| DEPRECIATION |
| At 25 March 2023 |
| Charge for period |
| At 15 March 2024 |
| NET BOOK VALUE |
| At 15 March 2024 |
| At 24 March 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 15.3.24 | 24.3.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 15.3.24 | 24.3.23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 10,659 | 13,374 |
| Other creditors |
| Income in advance | 10,552 | 14,311 |
| Directors' current accounts | 87,310 | 87,310 |
| Accrued expenses |
| The Hotel Co. Project Limited (Registered number: 09558943) |
| Notes to the Financial Statements - continued |
| For The Period 25 March 2023 to 15 March 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 15.3.24 | 24.3.23 |
| £ | £ |
| Bank loans |
| Other loans |
| Directors' loan accounts | 41,000 | 46,000 |
| 8. | OTHER FINANCIAL COMMITMENTS |
| At 24th March 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £42,250 (2023: £81,250) |