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REGISTERED NUMBER: 12188591 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LONTIME HOTEL CO LTD

LONTIME HOTEL CO LTD (REGISTERED NUMBER: 12188591)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONTIME HOTEL CO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs S Chen
S Yuan





REGISTERED OFFICE: Ellerthwaite Square
Windermere
Cumbria
LA23 1DP





REGISTERED NUMBER: 12188591 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

LONTIME HOTEL CO LTD (REGISTERED NUMBER: 12188591)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 621,716 621,837

CURRENT ASSETS
Debtors 5 8,353 27,947
Cash at bank 17,202 24,812
25,555 52,759
CREDITORS
Amounts falling due within one year 6 (11,941 ) (10,052 )
NET CURRENT ASSETS 13,614 42,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,330

664,544

CREDITORS
Amounts falling due after more than
one year

7

(564,648

)

(554,048

)
NET ASSETS 70,682 110,496

CAPITAL AND RESERVES
Called up share capital 9 91,000 91,000
Retained earnings 10 (20,318 ) 19,496
SHAREHOLDERS' FUNDS 70,682 110,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

LONTIME HOTEL CO LTD (REGISTERED NUMBER: 12188591)

BALANCE SHEET - continued
30 SEPTEMBER 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 6 June 2025 and were signed on its behalf by:





Mrs S Chen - Director


LONTIME HOTEL CO LTD (REGISTERED NUMBER: 12188591)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Lontime Hotel Co Ltd 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. 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.

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.
Fixtures and fittings - 25% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LONTIME HOTEL CO LTD (REGISTERED NUMBER: 12188591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 621,354 858 622,212
DEPRECIATION
At 1 October 2023 - 375 375
Charge for year - 121 121
At 30 September 2024 - 496 496
NET BOOK VALUE
At 30 September 2024 621,354 362 621,716
At 30 September 2023 621,354 483 621,837

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,780 3,440
Prepayments and accrued income 6,573 12,507
Prepayments - 12,000
8,353 27,947

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 650 (301 )
VAT 9,329 8,538
Accrued expenses 1,962 1,815
11,941 10,052

LONTIME HOTEL CO LTD (REGISTERED NUMBER: 12188591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 10,962 15,415
Directors' loan accounts 553,686 538,633
564,648 554,048

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 10,962 15,415

The company has taken out a Bounce Back loan for a term of 6 years at a rate of 2.5% commencing from 10 February 2021.Monthly repayments start from year 2 over the remaining term of the loan.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
91,000 Ordinary share 1 91,000 91,000

Mrs Silin Chen invested £50,000 in the shares of the company and Mr Shu Yuan invested £41,000

10. RESERVES
Retained
earnings
£   

At 1 October 2023 19,496
Deficit for the year (39,814 )
At 30 September 2024 (20,318 )