ACCOUNTS - Final Accounts preparation

Registered number: 13546463

GREAT HOSPITALITY SERVICES LIMITED

UNAUDITED

PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024


GREAT HOSPITALITY SERVICES LIMITED

CONTENTS

	Page
Balance sheet	1
Notes to the financial statements	2 - 4


GREAT HOSPITALITY SERVICES LIMITED REGISTERED NUMBER:13546463

BALANCE SHEET

AS AT 31 AUGUST 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	349,279		130,732
Cash at bank and in hand	5	20,560		32,556
		369,839		163,288
Creditors: amounts falling due within one year	6	(277,570)		(125,192)
Net current assets			92,269		38,096
Total assets less current liabilities			92,269		38,096

Net assets			92,269		38,096

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		92,169	37,996
		92,269	38,096

The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 8 December 2025.

A Clemente

Director

The notes on pages 2 to 4 form part of these financial statements.


GREAT HOSPITALITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

1.	General information

Great Hospitality Services Limited is a private company, limited by shares, registered in England and Wales, registration number 13546463. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company is that of providing consultancy services.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises of revenue recognised by the company in respect of providing consultancy
services during the period and is recognised to the extent that it is probable that the economic
benefits will flow to the company and the revenue can be reliably measured. Turnover is
measured as the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.


GREAT HOSPITALITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

2.7

Creditors

Short-term creditors are measured at the transaction price.

2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties, loans to related parties.

2.9

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 the director, during the year was as follows:

	2024	2023
	No.	No.

Director	1	1

Debtors

					2024	2023
					£	£


Trade debtors	27,000	24,000
Other debtors	240,814	79,665
Prepayments	190	180
Tax recoverable	81,275	26,887
	349,279	130,732

5.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank	20,560	32,556


GREAT HOSPITALITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

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

Trade creditors	27,580	9,787
Corporation tax	238,224	108,925
Accruals	11,766	6,480
	277,570	125,192

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) Ordinary shares of £1.00 each	100	100

8.	Related party transactions
	As at the year end, the director owed £240,814 (2023 - £79,665) to the company. This loan is repayable on demand and interest is charged at the official rate. During the year the company paid dividends totalling £43,505 (2023 - £120,000) to the director.