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Registered Number: 15500217
England and Wales

 

 

 

VOTEL PROPERTY LIMITED



Abridged Accounts
 


Period of accounts

Start date: 18 February 2024

End date: 31 December 2024

Votel Property Limited
Contents Page
For the Period 18 February 2024 to 31 December 2024
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Votel Property Limited for the period ended 31 December 2024 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of Votel Property Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Votel Property Limited and state those matters that we have agreed to state to the Board of Votel Property Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Votel Property Limited and its members as a body for our work or for this report.

It is your duty to ensure that Votel Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Loss of Votel Property Limited. You consider that Votel Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Votel Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Allazo Ltd
2 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF
23 September 2025
1
 
 		 Notes
 		 2024
£
Fixed assets    
Tangible fixed assets 3 550,530 
550,530 
Current assets    
Cash at bank and in hand 5,747 
Creditors: amount falling due within one year (208,820)
Net current assets (203,073)
 
Total assets less current liabilities 347,457 
Creditors: amount falling due after more than one year (347,479)
Net assets (22)
 

Capital and reserves 		   
Called up share capital 4 100 
Profit and loss account (122)
Shareholders' funds (22)
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 23 September 2025 and were signed on its behalf by:


-------------------------------
Ian Conder
Director
2
General Information
Votel Property Limited is a private company, limited by shares, registered in England and Wales, registration number 15500217, registration address 20 Firwood Ave, St Albans, Hertfordshire, AL4 0TF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover includes revenue earned from the  property rental.  The policies adopted are as follows:

  • Property Rental
Property Rental is recognised at the beginning of the peroid it becomes available for letting. 
  • Other Revenue
Other revenue is recognised when it is received or when the right to receive payment is established.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Capitalisation of borrowing costs
The financial commitments in relation to the mortgage for the investment property totalled £364,081 owing to HSBC at the end of the accounting period.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
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.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 18 February 2024 -    - 
Additions 550,530    550,530 
Disposals -    - 
At 31 December 2024 550,530    550,530 
Depreciation
At 18 February 2024 -    - 
Charge for period -    - 
On disposals -    - 
At 31 December 2024 -    - 
Net book values
Closing balance as at 31 December 2024 550,530    550,530 
Opening balance as at 18 February 2024 -    - 


4.

Share Capital

Allotted, called up and fully paid
2024
£
100 Ordinary shares of £1.00 each 100 
100 

5.

Related Party

At the balance sheet date the company owed £181,869 to Votel Venues Limited, a company incorprated and registered in England and Wales, by way of an interest-free loan repayable on demand.  Both companies are under the same owership.
3