REGISTERED NUMBER: 06876325 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Maitrise Hotels Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

R J Adil

R A Adil

SECRETARY:

M Adil

REGISTERED OFFICE:

34-36 London Road

Wembley

Middlesex

HA9 7EX

REGISTERED NUMBER:

06876325 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maitrise Hotels Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Maitrise Hotels Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Maitrise Hotels Limited and state those matters that we have agreed to state to the Board of Directors of Maitrise Hotels Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maitrise Hotels Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Maitrise Hotels Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Maitrise Hotels Limited. You consider that Maitrise Hotels Limited 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 financial statements of Maitrise Hotels Limited. 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 financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

12 December 2025

FIXED ASSETS

Tangible assets

4

164,114

243,759

CURRENT ASSETS

Debtors

5

3,872,253

1,085,793

Cash at bank

586,631

3,234,810

4,458,884

4,320,603

CREDITORS

Amounts falling due within one year

6

864,068

1,419,051

NET CURRENT ASSETS

3,594,816

2,901,552

TOTAL ASSETS LESS CURRENT LIABILITIES

3,758,930

3,145,311

CREDITORS

Amounts falling due after more than one year

7

1,578,464

1,463,115

NET ASSETS

2,180,466

1,682,196

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

2,180,366

1,682,096

SHAREHOLDERS' FUNDS

2,180,466

1,682,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

R J Adil - Director

1.	STATUTORY INFORMATION

Maitrise Hotels 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.

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

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Hotel rooms sold

Turnover is recognised at the point of guest check-in.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provision of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been would the impairment not previously not been recognised.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

603,272

1,040,825

21,103

1,665,200

Additions

-

28,290

-

28,290

At 31 March 2025

603,272

1,069,115

21,103

1,693,490

DEPRECIATION

At 1 April 2024

494,196

909,111

18,134

1,421,441

Charge for year

60,327

46,266

1,342

107,935

At 31 March 2025

554,523

955,377

19,476

1,529,376

NET BOOK VALUE

At 31 March 2025

48,749

113,738

1,627

164,114

At 31 March 2024

109,076

131,714

2,969

243,759

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

46,528

195,795

Other debtors

3,825,725

889,998

3,872,253

1,085,793

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

317,987

612,463

Taxation and social security

213,321

312,106

Other creditors

332,760

494,482

864,068

1,419,051

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

1,578,464

1,463,115

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

9.	CONTINGENT LIABILITIES

The company is part of a security arrangement of a landlord's loan, which is also a related party to the Director. A debenture is held over the company's assets and the loan amount as at the year end is £1,456,850 (2024: £1,553,404).

10.	RELATED PARTY DISCLOSURES

Related party loans

Included within Other debtors at the year end are loan amounts of £3,634,957 (2024: £733,236) due from companies under common control. The loans are unsecured, free of interest and repayable on demand.

Included within Other creditors due over one year at the year end are loan amounts of £1,121,810 (2024: £1,117,745) due to companies under common control. The loans are unsecured, free of interest and repayable on demand.

Included within Other creditors due over one year at the year end is a loan amount of £456,654 (2024: £345,370) due to a company in which the Director holds an interest and the controlling parties are immediate family members. The loans are unsecured, free of interest and repayable on demand.

Related party transactions

During the year the company incurred rental charges of £247,500 (2024: £43,750) from companies under common control in respect of premises that the company operates. Included within Trade creditors at the year is an amount of £27,000 (2024: £27,000) owing. The companies are related as they are under common control.

During the year the company incurred rental charges of £nil (2024: £65,000) from a property partnership in which the controlling party is a partner. Included within Trade creditors at the year is an amount of £32,250 (2024: £32,250) owing.

During the year the company incurred rental charges of £210,000 (2024: £259,783) from companies in which the Director holds an interest and the controlling parties are immediate family members. Included within Trade creditors at the year is an amount of £90,000 (2024: £111,283) owing.