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
Swami Hotels Limited
Company Information
for the year ended 30 December 2024
Directors
Nalinkumar Manibhai Patel
Prital 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
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
Swami Hotels Limited
Statement of financial position
as at 30 December 2024
Tangible assets
16,065,131
16,228,973
Cash at bank and in hand
357,305
85,832
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
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
Swami Hotels Limited
Notes to the Accounts
for the year ended 30 December 2024
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.
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2023
550,000
At 30 December 2024
550,000
At 31 December 2023
550,000
At 30 December 2024
550,000
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
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
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
Amounts falling due within one year
Amounts due from group undertakings etc.
990,807
930,807
Other debtors
148,524
29,267
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,333
8,333
Trade creditors
144,862
210,530
Taxes and social security
596,943
415,664
Loans from directors
14,087
1,442
8
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
5,430,912
5,566,038
Other creditors
196,597
186,579
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).