REGISTERED NUMBER: 10971095 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

AXCEL HOSPITALITY (MANAGEMENT) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A K Singh

REGISTERED OFFICE:

2nd Floor

29 Dingwall Road

Croydon

Surrey

CR0 2NB

REGISTERED NUMBER:

10971095 (England and Wales)

SENIOR STATUTORY AUDITOR:

Hazel Day BSc (Hons) FCA DChA

AUDITORS:

Xeinadin Audit Limited

Beckett House

36 Old Jewry

LONDON

EC2R 8DD

FIXED ASSETS

Tangible assets

4

389

519

CURRENT ASSETS

Debtors

5

2,601

2,481

Cash at bank

27,889

36,410

30,490

38,891

CREDITORS

Amounts falling due within one year

6

(33,079

)

(63,976

)

NET CURRENT LIABILITIES

(2,589

)

(25,085

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,200

)

(24,566

)

PROVISIONS FOR LIABILITIES

-

(130

)

NET LIABILITIES

(2,200

)

(24,696

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,300

)

(24,796

)

(2,200

)

(24,696

)

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 director and authorised for issue on 22nd September 2025 and were signed by:

A K Singh - Director

1.	STATUTORY INFORMATION

Axcel Hospitality (Management) 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.

Turnover represents the fair value of consideration received or receivable for the provision of goods and services in the ordinary course of business, excluding value added tax and trade discounts. Revenue is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures fittings & equipment

-

25% on reducing balance

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.

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.

Going concern

The company is reliant on the continued support of its shareholder and directors to continue trading. On this basis the financial statements have been prepared on a going concern basis.The financial statements do not include any adjustments that may be required from a withdrawal of such financial support.

Bank and cash accounting

Cash at bank and in hand includes cash and short-term highly liquid investments with a maturity of three months or less from the date of acquisition. Bank overdrafts are shown within borrowings in current liabilities.

Expenditure accounting

Expenditure is recognised in the profit and loss account on an accruals basis as the related goods and services are received. Costs are charged to the profit and loss account except where they relate to the acquisition of an asset, in which case they are capitalised in accordance with the company’s capitalisation policy.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

fittings

& equipmen

£

COST

At 1st January 2024

and 31st December 2024

1,938

DEPRECIATION

At 1st January 2024

1,419

Charge for year

130

At 31st December 2024

1,549

NET BOOK VALUE

At 31st December 2024

389

At 31st December 2023

519

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

2,601

2,481

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

13,722

11,130

Amounts owed to group undertakings

-

18,064

Taxation and social security

14,656

31,157

Other creditors

4,701

3,625

33,079

63,976

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hazel Day BSc (Hons) FCA DChA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors Sunil Patel and Shamir Patel by virtue of having ownership of 100% of the issued ordinary share capital in the parent company Axcel Group Limited.