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REGISTERED NUMBER: 12046391 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

SMART STAY (HAMPSTEAD) LIMITED

SMART STAY (HAMPSTEAD) LIMITED (Registered number: 12046391)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

SMART STAY (HAMPSTEAD) LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C Papaloizou
L Michaelides





REGISTERED OFFICE: 18-20 Frognal
London
NW3 6AG





REGISTERED NUMBER: 12046391 (England and Wales)





ACCOUNTANTS: Tasos Papaloizou Chartered Accountants
Suite 1
The Golf Club
Darkes Lane
Potters Bar
EN6 1DE

SMART STAY (HAMPSTEAD) LIMITED (Registered number: 12046391)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,971,933 7,842,752

CURRENT ASSETS
Debtors 5 254,330 62,097
Cash at bank and in hand 47,782 96,141
302,112 158,238
CREDITORS
Amounts falling due within one year 6 356,606 146,682
NET CURRENT (LIABILITIES)/ASSETS (54,494 ) 11,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,917,439

7,854,308

CREDITORS
Amounts falling due after more than one
year

7

8,756,140

8,823,327
NET LIABILITIES (838,701 ) (969,019 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (838,703 ) (969,021 )
SHAREHOLDERS' FUNDS (838,701 ) (969,019 )

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

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

SMART STAY (HAMPSTEAD) LIMITED (Registered number: 12046391)

Balance Sheet - continued
30 June 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 27 June 2025 and were signed on its behalf by:




C Papaloizou - Director



L Michaelides - Director


SMART STAY (HAMPSTEAD) LIMITED (Registered number: 12046391)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

SMART STAY (HAMPSTEAD) LIMITED 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.

Depreciation rates
Land and buildings Nil
Plant and Machinery 15% WDV

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.

SMART STAY (HAMPSTEAD) LIMITED (Registered number: 12046391)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 7,748,740 94,776 7,843,516
Additions 142,288 1,170 143,458
At 30 June 2024 7,891,028 95,946 7,986,974
DEPRECIATION
At 1 July 2023 - 764 764
Charge for year - 14,277 14,277
At 30 June 2024 - 15,041 15,041
NET BOOK VALUE
At 30 June 2024 7,891,028 80,905 7,971,933
At 30 June 2023 7,748,740 94,012 7,842,752

5. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 99,767 -
Amounts owed by connected companies 6,060 45,759
Other debtors - 8,993
105,827 54,752

Amounts falling due after more than one year:
Amounts owed by connected companies 148,503 7,345

Aggregate amounts 254,330 62,097

SMART STAY (HAMPSTEAD) LIMITED (Registered number: 12046391)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 123,639 -
Trade creditors 107,079 111,630
Amounts owed to associates 16,000 16,000
Taxation and social security 75,970 -
Other creditors 33,918 19,052
356,606 146,682

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 4,602,636 4,675,333
Amounts owed to connected companies 4,153,504 4,147,994
8,756,140 8,823,327

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 4,574,851 4,637,596

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loan 4,574,851 4,613,835

The bank loan is secured by a fixed charge over the investment property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2

SMART STAY (HAMPSTEAD) LIMITED

Report of the Accountants to the Directors of
SMART STAY (HAMPSTEAD) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Tasos Papaloizou Chartered Accountants
Suite 1
The Golf Club
Darkes Lane
Potters Bar
EN6 1DE


Date: .............................................