REGISTERED NUMBER: 12138068 (England and Wales)

AMAZEHOTELS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms N Rabani

A Ahmed

REGISTERED OFFICE:

Ruthin Castle

Castle Street

Ruthin

Clwyd

LL15 2NU

REGISTERED NUMBER:

12138068 (England and Wales)

CURRENT ASSETS

Stocks

26,114

18,281

Debtors

4

18,027,725

18,785,797

Cash at bank

237,106

74,621

18,290,945

18,878,699

CREDITORS

Amounts falling due within one year

5

2,875,780

2,853,478

NET CURRENT ASSETS

15,415,165

16,025,221

TOTAL ASSETS LESS CURRENT LIABILITIES

15,415,165

16,025,221

CREDITORS

Amounts falling due after more than one year

6

15,408,214

16,018,271

NET ASSETS

6,951

6,950

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,851

6,850

6,951

6,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 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 17 December 2025 and were signed on its behalf by:

Ms N Rabani - Director

1.	STATUTORY INFORMATION

Amazehotels Ltd 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.

The Company is party to a composite loan in the name of Amazehotels Ltd, covering multiple other Companies, under a joint and several liability arrangement. The Company is reliant on the other companies for financial support in the event it cannot meet its repayment obligations.

Moving into 2025 the current macro economic conditions, with significant inflationary pressures, have the potential to limit the company's future planned growth and may alter the assessment of its ability to continue as a going concern.

The director considers it appropriate to prepare the accounts on a going concern basis, however the above events and conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

207,467

406,021

Other debtors

2,691,976

2,679,776

2,899,443

3,085,797

Amounts falling due after more than one year:

Other debtors

15,128,282

15,700,000

Aggregate amounts

18,027,725

18,785,797

A bank loan in the name of Amazehotels Limited is secured on the land and buildings held by commonly owned companies, the share of the loan is disclosed in each company's accounts and totals £16,000,000 due to AmazeHotels Limited.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

610,000

610,000

Trade creditors

31,636

21,562

Taxation and social security

159,747

128,133

Other creditors

2,074,397

2,093,783

2,875,780

2,853,478

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

15,408,214

16,018,271

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

16,018,214

16,628,271

A bank loan in the name of Amazehotels Ltd totalling £16,300,000 is secured on the land and buildings held by commonly owned Companies, in addition to which the director has given personal guarantees against.

8.	CONTINGENT LIABILITIES

The Company is party to a composite loan in the name of Amazehotels Ltd, covering multiple other Companies, under a joint and several liability arrangement. The Company's share of this loan is disclosed as a bank loan within these Accounts. However in the event that one of the other Companies is unable to meet its repayment obligations then the Company may be required to make further payments, over and above its disclosed commitments. As the amount and nature of these payments is not able to be quantified as at the Balance Sheet date, no provision has been made, rather has been disclosed as a potential contingent liability.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the Company owed the Director £199,900 (2023: £199,900). This loan is interest free and has no formal repayment terms.