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REGISTERED NUMBER: 09558943 (England and Wales)















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: K R Bredenbeck
N J Hartwright
M Tutt





REGISTERED OFFICE: 13-27 Station Road
London
N22 6UW





REGISTERED NUMBER: 09558943 (England and Wales)





ACCOUNTANTS: Fuller Spurling
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 93,609 139,702

CURRENT ASSETS
Debtors 5 101,056 72,048
Cash at bank and in hand 5,205 32,567
106,261 104,615
CREDITORS
Amounts falling due within one year 6 192,716 201,421
NET CURRENT LIABILITIES (86,455 ) (96,806 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,154

42,896

CREDITORS
Amounts falling due after more than one year 7 309,091 324,274
NET LIABILITIES (301,937 ) (281,378 )

RESERVES
Income and expenditure account (301,937 ) (281,378 )
(301,937 ) (281,378 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 15 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 15 March 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 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 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 by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:





N J Hartwright - Director


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 private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the lease term
Furniture & fittings - 25% on cost

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 10 (2023 - 8 ) .

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 438,072 105,223 543,295
DEPRECIATION
At 25 March 2023 302,942 100,651 403,593
Charge for period 43,807 2,286 46,093
At 15 March 2024 346,749 102,937 449,686
NET BOOK VALUE
At 15 March 2024 91,323 2,286 93,609
At 24 March 2023 135,130 4,572 139,702

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
15.3.24 24.3.23
£    £   
Trade debtors 30,820 43,641
Other debtors 70,236 28,407
101,056 72,048

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
15.3.24 24.3.23
£    £   
Bank loans and overdrafts 10,183 9,932
Trade creditors 18,015 9,272
Corporation tax 23,587 14,001
Social security and other taxes 3,893 3,409
VAT 10,659 13,374
Other creditors 1,287 1,411
Income in advance 10,552 14,311
Directors' current accounts 87,310 87,310
Accrued expenses 27,230 48,401
192,716 201,421

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 13,091 23,274
Other loans 255,000 255,000
Directors' loan accounts 41,000 46,000
309,091 324,274

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)