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Company Registration No. 05403513 (England and Wales)
Swami Hotels Limited Unaudited accounts for the year ended 30 December 2024
Swami Hotels Limited Unaudited accounts Contents
Page
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Swami Hotels Limited Company Information for the year ended 30 December 2024
Directors
Nalinkumar Manibhai Patel Prital Patel
Secretary
Harita Patel
Company Number
05403513 (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
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Swami Hotels Limited for the year ended 30 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 Swami Hotels Limited for the year ended 30 December 2024 as set out on pages 5 - 7 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
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Swami Hotels Limited Statement of financial position as at 30 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,065,131 
16,228,973 
Current assets
Debtors
1,139,331 
957,533 
Cash at bank and in hand
357,305 
85,832 
1,496,636 
1,043,365 
Creditors: amounts falling due within one year
(825,133)
(687,264)
Net current assets
671,503 
356,101 
Total assets less current liabilities
16,736,634 
16,585,074 
Creditors: amounts falling due after more than one year
(5,631,884)
(5,762,892)
Net assets
11,104,750 
10,822,182 
Capital and reserves
Called up share capital
10,000 
10,000 
Revaluation reserve
9,027,383 
9,027,383 
Profit and loss account
2,067,367 
1,784,799 
Shareholders' funds
11,104,750 
10,822,182 
For the year ending 30 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. 05403513
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Swami Hotels Limited Notes to the Accounts for the year ended 30 December 2024
1
Statutory information
Swami Hotels Limited is a private company, limited by shares, registered in England and Wales, registration number 05403513. 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 31 December 2023
550,000 
At 30 December 2024
550,000 
Amortisation
At 31 December 2023
550,000 
At 30 December 2024
550,000 
Net book value
At 30 December 2024
- 
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Swami Hotels Limited Notes to the Accounts for the year ended 30 December 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 31 December 2023
17,139,815 
1,192,281 
99,383 
18,431,479 
Additions
100,001 
- 
- 
100,001 
At 30 December 2024
17,239,816 
1,192,281 
99,383 
18,531,480 
Depreciation
At 31 December 2023
1,278,668 
888,060 
35,778 
2,202,506 
Charge for the year
205,431 
45,691 
12,721 
263,843 
At 30 December 2024
1,484,099 
933,751 
48,499 
2,466,349 
Net book value
At 30 December 2024
15,755,717 
258,530 
50,884 
16,065,131 
At 30 December 2023
15,861,147 
304,221 
63,605 
16,228,973 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
(2,541)
Amounts due from group undertakings etc.
990,807 
930,807 
Other debtors
148,524 
29,267 
1,139,331 
957,533 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,333 
8,333 
VAT
60,908 
51,295 
Trade creditors
144,862 
210,530 
Taxes and social security
596,943 
415,664 
Loans from directors
14,087 
1,442 
825,133 
687,264 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,375 
10,275 
Amounts owed to group undertakings and other participating interests
5,430,912 
5,566,038 
Other creditors
196,597 
186,579 
5,631,884 
5,762,892 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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