L & K HOTELS LTD
Statement of financial position
as at 30 November 2024
Tangible assets
270,260
301,978
Cash at bank and in hand
160,629
48,235
Creditors: amounts falling due within one year
(113,129)
(229,611)
Net current assets
453,729
623,622
Total assets less current liabilities
723,989
925,600
Creditors: amounts falling due after more than one year
(108,333)
(308,333)
Net assets
615,656
617,267
Called up share capital
300
300
Profit and loss account
615,356
616,967
Shareholders' funds
615,656
617,267
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2025 and were signed on its behalf by
Yildirim Gunac Yaman
Director
Company Registration No. 09865616
L & K HOTELS LTD
Notes to the Accounts
for the year ended 30 November 2024
L & K HOTELS LTD is a private company, limited by shares, registered in England and Wales, registration number 09865616. The registered office is 475-477 High Road, Leyton, E10 5EL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% on written down value
Plant & machinery
25% on written down value
Fixtures & fittings
15% on written down value
Computer equipment
15% on written down value
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
L & K HOTELS LTD
Notes to the Accounts
for the year ended 30 November 2024
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2023
233,169
32,821
175,081
-
441,071
Additions
-
-
7,148
11,000
18,148
At 30 November 2024
233,169
32,821
182,229
11,000
459,219
At 1 December 2023
98,472
14,359
26,262
-
139,093
Charge for the year
20,205
4,616
23,395
1,650
49,866
At 30 November 2024
118,677
18,975
49,657
1,650
188,959
At 30 November 2024
114,492
13,846
132,572
9,350
270,260
At 30 November 2023
134,697
18,462
148,819
-
301,978
Amounts falling due after more than one year
Other debtors
399,065
795,161
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
108,333
100,000
Trade creditors
(31,754)
93,277
Taxes and social security
6,638
7,044
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
108,333
308,333
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Average number of employees
During the year the average number of employees was 26 (2023: 28).