Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31101820false2024-01-01falseNo description of principal activity141134truetrue 12052083 2024-01-01 2024-12-31 12052083 2023-01-01 2023-12-31 12052083 2024-12-31 12052083 2023-12-31 12052083 c:Director1 2024-01-01 2024-12-31 12052083 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-12-31 12052083 d:Buildings d:ShortLeaseholdAssets 2024-12-31 12052083 d:Buildings d:ShortLeaseholdAssets 2023-12-31 12052083 d:PlantMachinery 2024-01-01 2024-12-31 12052083 d:PlantMachinery 2024-12-31 12052083 d:PlantMachinery 2023-12-31 12052083 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12052083 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 12052083 d:OfficeEquipment 2024-01-01 2024-12-31 12052083 d:OfficeEquipment 2024-12-31 12052083 d:OfficeEquipment 2023-12-31 12052083 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12052083 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 12052083 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 12052083 d:OtherPropertyPlantEquipment 2024-12-31 12052083 d:OtherPropertyPlantEquipment 2023-12-31 12052083 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12052083 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 12052083 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12052083 d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 12052083 d:Goodwill 2024-12-31 12052083 d:Goodwill 2023-12-31 12052083 d:CurrentFinancialInstruments 2024-12-31 12052083 d:CurrentFinancialInstruments 2023-12-31 12052083 d:Non-currentFinancialInstruments 2024-12-31 12052083 d:Non-currentFinancialInstruments 2023-12-31 12052083 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12052083 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12052083 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 12052083 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12052083 d:ShareCapital 2024-12-31 12052083 d:ShareCapital 2023-12-31 12052083 d:RetainedEarningsAccumulatedLosses 2024-12-31 12052083 d:RetainedEarningsAccumulatedLosses 2023-12-31 12052083 c:FRS102 2024-01-01 2024-12-31 12052083 c:Audited 2024-01-01 2024-12-31 12052083 c:FullAccounts 2024-01-01 2024-12-31 12052083 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12052083 d:WithinOneYear 2024-12-31 12052083 d:WithinOneYear 2023-12-31 12052083 d:BetweenOneFiveYears 2024-12-31 12052083 d:BetweenOneFiveYears 2023-12-31 12052083 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 12052083 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 12052083 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 12052083 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 12052083 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12052083 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-12-31 12052083 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 12052083 d:LeasedAssetsHeldAsLessee 2024-12-31 12052083 d:LeasedAssetsHeldAsLessee 2023-12-31 12052083 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 12052083 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 12052083









HORWOOD HOUSE HOTEL LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
HORWOOD HOUSE HOTEL LIMITED
REGISTERED NUMBER: 12052083

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
218,742
268,239

Tangible assets
 5 
208,519
363,752

  
427,261
631,991

Current assets
  

Stocks
 6 
50,343
52,044

Debtors: amounts falling due within one year
 7 
1,619,120
396,169

Cash at bank and in hand
 8 
260,362
104,597

  
1,929,825
552,810

Creditors: amounts falling due within one year
 9 
(3,427,189)
(3,213,182)

Net current liabilities
  
 
 
(1,497,364)
 
 
(2,660,372)

Total assets less current liabilities
  
(1,070,103)
(2,028,381)

Creditors: amounts falling due after more than one year
 10 
(53,531)
(95,595)

  

Net liabilities
  
(1,123,634)
(2,123,976)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,123,734)
(2,124,076)

  
(1,123,634)
(2,123,976)


Page 1

 
HORWOOD HOUSE HOTEL LIMITED
REGISTERED NUMBER: 12052083
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K S Kassam
Director

Date: 19 August 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
HORWOOD HOUSE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Horwood House Hotel Limited is a private company limited by shares, incorporated and domiciled in the United Kingdom. The principal activity of the company is that of operating a hotel. The address of the registered office is Aston House, Cornwall Avenue, London, United Kingdom, N3 1LF. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in Pound Sterling, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the Company will be able to continue trading for the foreseeable future. The Company has net current liabilities of £1,497,364 (2023 - £2,660,370) at the Balance Sheet date. The main form of funding for the Company’s operations is through loans from its Group totalling £1,168,743 (2023 - £1,166,637) included in current liabilities. The Group has stated that it intends, without creating a contractual obligation, to provide such support as may be necessary to the Company, and confirmed the Group’s commitment to provide funds to meet ongoing expenses for at least 12 months from the date of approval of the financial statements.
The Director is therefore satisfied that the going concern basis is appropriate for the preparation of these financial statements.

Page 3

 
HORWOOD HOUSE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 4

 
HORWOOD HOUSE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

  
2.8

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
Plant and machinery
-
10%
Office equipment
-
20%
Other fixed assets
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
HORWOOD HOUSE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 6

 
HORWOOD HOUSE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 7

 
HORWOOD HOUSE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 141 (2023 - 134).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
479,000



At 31 December 2024

479,000



Amortisation


At 1 January 2024
210,761


Charge for the period on owned assets
49,497



At 31 December 2024

260,258



Net book value



At 31 December 2024
218,742



At 31 December 2023
268,239



Page 8

 
HORWOOD HOUSE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Office equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
730,620
379,738
14,816
71,289
1,196,463


Additions
12,534
1,250
8,129
-
21,913



At 31 December 2024

743,154
380,988
22,945
71,289
1,218,376



Depreciation


At 1 January 2024
624,063
154,363
9,761
44,524
832,711


Charge for the period on owned assets
101,820
22,141
4,141
5,353
133,455


Charge for the period on financed assets
-
43,691
-
-
43,691



At 31 December 2024

725,883
220,195
13,902
49,877
1,009,857



Net book value



At 31 December 2024
17,271
160,793
9,043
21,412
208,519



At 31 December 2023
106,557
225,375
5,055
26,765
363,752

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
95,595
139,285

95,595
139,285

Page 9

 
HORWOOD HOUSE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

6.


Stocks

2024
2023
£
£

Work in progress (goods to be sold)
50,343
52,044

50,343
52,044



7.


Debtors

2024
2023
£
£


Trade debtors
109,495
229,978

Amounts owed by group undertakings
1,309,595
-

Other debtors
11,174
11,885

Prepayments and accrued income
188,856
154,306

1,619,120
396,169



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
260,362
104,597

260,362
104,597



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
398,851
417,560

Amounts owed to group undertakings
1,168,743
1,166,637

Other taxation and social security
363,659
312,147

Obligations under finance lease and hire purchase contracts
50,342
51,968

Other creditors
503,802
435,602

Accruals and deferred income
941,792
829,268

3,427,189
3,213,182


Page 10

 
HORWOOD HOUSE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
53,531
95,595

53,531
95,595



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
42,064
43,691

Between 1-5 years
53,531
95,595

95,595
139,286


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £46,563 (2023 - £38,216). Contributions were payable to the fund amounting to £Nil (2023: 533) at the balance sheet date.


13.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
650,000
975,000

Later than 1 year and not later than 5 years
-
650,000

650,000
1,625,000


14.Other financial commitments

The Company is party to the Group's bank loan agreement. The bank loan is included in the financial statements of the group company, ZIZ Properties Limited, the principal borrower, and is secured and guaranteed by way of fixed and floating charges over the assets of the Company.

Page 11

 
HORWOOD HOUSE HOTEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

15.


Related party transactions

The Company has taken advantage of the exemption available in FRS102 from disclosing transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the Group. 
During the year, the Company was charged £230,000 (2023 - £230,000) in respect of management charges from a company under the control of the Director, the ultimate controlling party.


16.


Controlling party

The immediate and ultimate parent company at the Balance Sheet date is ZIZ Enterprises Limited. The smallest and largest group in which the Company's financial statements are included are the consolidated financial statements of ZIZ Enterprises Limited, copies of which can be obtained from Companies House. 
The ultimate controlling party is K S Kassam, the Director.


17.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 19 August 2025 by Alexander Chrysaphiades FCA (Senior Statutory Auditor) on behalf of Adler Shine LLP.

 
Page 12