ACCOUNTS - Final Accounts

Registered number: 04376930

VIRJI HOTELS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

VIRJI HOTELS LIMITED

REGISTERED NUMBER: 04376930

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		99		99
			99		99
Current assets
Debtors: amounts falling due within one year	5	1,182,484		1,129,653
		1,182,484		1,129,653
Creditors: amounts falling due within one year	6	(338,430)		(285,599)
Net current assets			844,054		844,054
Total assets less current liabilities			844,153		844,153

Net assets			844,153		844,153

Capital and reserves
Called up share capital	105	105
Profit and loss account	844,048	844,048
	844,153	844,153

Page 1

VIRJI HOTELS LIMITED

REGISTERED NUMBER: 04376930

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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:

N N Virji

Director

Date: 26 September 2025

The notes on pages 3 to 4 form part of these financial statements.

Page 2

VIRJI HOTELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Virji Hotels Limited is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.3

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.

2.4

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.

2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 3

VIRJI HOTELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 January 2024	99
	At 31 December 2024	99

Debtors

					2024	2023
					£	£


Amounts owed by joint ventures and associated undertakings	1,182,478	1,129,647
Called up share capital not paid	6	6
	1,182,484	1,129,653

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

	Amounts owed to group undertakings	338,430	285,599

Related party transactions

The company has granted a debenture and cross guarantee with regard to a bank borrowing by Edgecross Limited, the company's subsidiary undertaking. At the balance sheet date, this borrowing amounted to £5,000,000 (2023: £6,600,000).
The bank borrowings in Edgecross Limited have been further secured by way of a share charge in favour of the bank over the entire issued share capital of the company's wholly owned subsidiaries Edgecross Limited and Plangrove Limited. There is also a share charge in place in favour of the bank over the entire issued share capital of Edgecross Limited's subsidiaries, Virji Nominees Limited and The Euston Square Hotel Limited.

Page 4