Company Registration No. 04376159 (England and Wales)
Amba Hotels Limited
Unaudited accounts
for the year ended 29 December 2024
Amba Hotels Limited
Unaudited accounts
Contents
Amba Hotels Limited
Company Information
for the year ended 29 December 2024
Directors
Nalinkumar Manibhai Patel
Prital Patel
Company Number
04376159 (England and Wales)
Registered Office
30-32 St. Georges Drive
London
SW1V 4BN
England
Accountants
ANDERTONS EUROPE LIMITED
1st Floor 156 Cromwell Road
London
SW7 4EF
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Amba Hotels Limited
for the year ended 29 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Amba Hotels Limited for the year ended
29 December 2024 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
ANDERTONS EUROPE LIMITED
Chartered Certified Accountants
1st Floor 156 Cromwell Road
London
SW7 4EF
23 June 2025
Amba Hotels Limited
Statement of financial position
as at 29 December 2024
Tangible assets
13,660,610
12,820,853
Cash at bank and in hand
23,424
647
Creditors: amounts falling due within one year
(2,754,369)
(2,619,497)
Net current assets/(liabilities)
3,971,152
(2,525,027)
Total assets less current liabilities
17,631,762
10,295,826
Creditors: amounts falling due after more than one year
(12,815,844)
(5,844,318)
Net assets
4,815,918
4,451,508
Called up share capital
100,000
100,000
Revaluation reserve
5,546,850
5,546,850
Profit and loss account
(830,932)
(1,195,342)
Shareholders' funds
4,815,918
4,451,508
For the year ending 29 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by
Nalinkumar Manibhai Patel
Director
Company Registration No. 04376159
Amba Hotels Limited
Notes to the Accounts
for the year ended 29 December 2024
Amba Hotels Limited is a private company, limited by shares, registered in England and Wales, registration number 04376159. The registered office is 30-32 St. Georges Drive, , London, SW1V 4BN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for room revenue and food and beverage sales provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures & fittings
10% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is five years.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Amba Hotels Limited
Notes to the Accounts
for the year ended 29 December 2024
Government grants are recongnised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as liability.
4
Intangible fixed assets
Goodwill
At 30 December 2023
60,000
At 29 December 2024
60,000
At 30 December 2023
60,000
At 29 December 2024
60,000
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 30 December 2023
15,519,515
1,030,308
12,317
16,562,140
Additions
1,014,000
-
-
1,014,000
At 29 December 2024
16,533,515
1,030,308
12,317
17,576,140
At 30 December 2023
2,951,822
777,297
12,168
3,741,287
Charge for the year
148,915
25,301
27
174,243
At 29 December 2024
3,100,737
802,598
12,195
3,915,530
At 29 December 2024
13,432,778
227,710
122
13,660,610
At 29 December 2023
12,567,693
253,011
149
12,820,853
Amounts falling due within one year
Other debtors
6,702,097
65,749
Amba Hotels Limited
Notes to the Accounts
for the year ended 29 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
611,961
203,278
Amounts owed to group undertakings and other participating interests
-
235,000
Taxes and social security
59,670
9,782
Other creditors
1,443,309
1,462,255
Loans from directors
493,809
699,182
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
12,815,844
5,099,721
The bank loans are secured by way of a fixed charge on the freehold and leasehold properties and a floating charges on the assets of the company.
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).