Registration number: 04540041

Shiva Hotels Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 8

Shiva Hotels Ltd

Company Information

Directors

Mr Rishi Ramesh Sachdev Mr Uday Vyas

Registered office

Regent House Allum Gate Theobald Street Borehamwood Hertfordshire WD6 4RS

Solicitors

Katten Muchin Rosenman UK LLP

Accountants

MG Audit Services Limited 166 College Road Harrow Middlesex HA1 1BH

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Shiva Hotels Ltd
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Shiva Hotels Ltd for the year ended 31 March 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Shiva Hotels Ltd, 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 Shiva Hotels Ltd and state those matters that we have agreed to state to the Board of Directors of Shiva Hotels Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shiva Hotels Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Shiva Hotels Ltd 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 Shiva Hotels Ltd. You consider that Shiva Hotels Ltd 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 Shiva Hotels Ltd. 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.

......................................

MG Audit Services Limited
166 College Road
Harrow
Middlesex
HA1 1BH

28 November 2025

Shiva Hotels Ltd

(Registration number: 04540041)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investments	5	2,000	2,000
Current assets
Debtors	6	7,794,067	7,284,096
Cash at bank and in hand		167	437
		7,794,234	7,284,533
Creditors: Amounts falling due within one year	7	(31,844,323)	(28,782,887)
Net current liabilities		(24,050,089)	(21,498,354)
Net liabilities		(24,048,089)	(21,496,354)
Capital and reserves
Share Capital		7,072,000	7,072,000
Accumulated Losses		(31,120,089)	(28,568,354)
Shareholders' deficit		(24,048,089)	(21,496,354)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2025 and signed on its behalf by:
 

Shiva Hotels Ltd

(Registration number: 04540041)
Balance Sheet as at 31 March 2025

......................................... Mr Rishi Ramesh Sachdev Director

......................................... Mr Uday Vyas Director

Shiva Hotels Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales, registration number 04540041.

The address of its registered office is:
Regent House Allum Gate
Theobald Street
Borehamwood
Hertfordshire
WD6 4RS

These financial statements were authorised for issue by the Board on 28 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.The currency in which the financial statements are presented is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis, despite net current liabilities of £24,050,261. The directors believe this approach is appropriate as the parent company has confirmed its intention to provide financial support for at least 12 months from the date of these financial statements and will supply the necessary funds to enable the company to meet its obligations as they arise.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Shiva Hotels Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Shiva Hotels Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies which are described in Note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Critical judgements in applying the company’s accounting policies
Management does not consider there to be any critical judgements or significant estimates.

 

4	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

5	Investments

	2025 £	2024 £
Investments in subsidiaries	2,000	2,000