SC HOTELS LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03747119

SC HOTELS LIMITED

Filleted Unaudited Financial Statements

31 December 2024

SC HOTELS LIMITED

Balance Sheet

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		1,821	2,429

Current assets

Debtors	6	7,787	8,044
Cash at bank and in hand		66,453	79,367
		--------	--------
		74,240	87,411

Creditors: amounts falling due within one year	7	( 78,672)		( 68,600)
		--------		--------
Net current (liabilities)/assets			( 4,432)	18,811
			-------	--------
Total assets less current liabilities			( 2,611)	21,240
			-------	--------
Net (liabilities)/assets			( 2,611)	21,240
			-------	--------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 3,611)	20,240
	-------	--------
Shareholders (deficit)/funds	( 2,611)	21,240
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SC HOTELS LIMITED

Balance Sheet (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 1 July 2025 , and are signed on behalf of the board by:

Mr S Kara
Director

Company registration number: 03747119

SC HOTELS LIMITED

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Bruce Grove, London, N17 6RA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover represents income derived from the rental of hotel rooms, exclusive of Value Added Tax and is recognised when the service has been provided.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4. Employee numbers

The average number of persons employed by the company during the year was Nil.

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	64,639	64,639
	--------	--------
Depreciation
At 1 January 2024	62,210	62,210
Charge for the year	608	608
	--------	--------
At 31 December 2024	62,818	62,818
	--------	--------
Carrying amount
At 31 December 2024	1,821	1,821
	--------	--------
At 31 December 2023	2,429	2,429
	--------	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	339	1,494
Prepayments and accrued income	6,877	5,523
Other debtors	571	1,027
	-------	-------
	7,787	8,044
	-------	-------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	33,741	30,494
Accruals and deferred income	43,680	34,965
Other creditors	1,251	3,141
	--------	--------
	78,672	68,600
	--------	--------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Later than 1 year and not later than 5 years	42,667	74,667
	--------	--------

9. Related party transactions

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.