REGISTERED NUMBER: 09558943 (England and Wales)

Unaudited Financial Statements For The Year Ended 15 March 2025

for

The Hotel Co. Project Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K R Bredenbeck

N J Hartwright

T G Sawers

REGISTERED OFFICE:

13-27 Station Road

London

N22 6UW

REGISTERED NUMBER:

09558943 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

FIXED ASSETS

Tangible assets

4

47,516

93,609

CURRENT ASSETS

Debtors

5

98,715

101,056

Cash at bank and in hand

11,646

5,205

110,361

106,261

CREDITORS

Amounts falling due within one year

6

208,110

192,716

NET CURRENT LIABILITIES

(97,749

)

(86,455

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(50,233

)

7,154

CREDITORS

Amounts falling due after more than one year

7

297,651

309,091

NET LIABILITIES

(347,884

)

(301,937

)

RESERVES

Income and expenditure account

(347,884

)

(301,937

)

(347,884

)

(301,937

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 15 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 15 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 surplus or deficit 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 3 June 2026 and were signed on its behalf by:

N J Hartwright - Director

1.	STATUTORY INFORMATION

The Hotel Co. Project Limited is a private company, limited by guarantee , 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 financial statements are prepared under the going concern basis, relying on the continued support of the company's directors and loan creditors.

Turnover

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

Tangible fixed assets

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

Improvements to property

-

in accordance with the lease term

Furniture & fittings

-

25% on cost

Depreciation will commence in the period when the assets are brought into use.

Hire purchase and leasing commitments

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

The total rentals payable over the term of each lease is charged evenly to the income statement so that there are no rent free periods if granted by a landlord for cash flow purposes.

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.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Interest bearing borrowings

Loans received are stated at the initial amount received. Interest is accrued up to the end of the accounting period where not yet paid. Costs of raising finance are recognised in the profit and loss account in the period in which they are incurred.

Taxation

Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Furniture

property

& fittings

Totals

£

£

£

COST

At 16 March 2024

and 15 March 2025

438,072

105,223

543,295

DEPRECIATION

At 16 March 2024

346,749

102,937

449,686

Charge for year

43,807

2,286

46,093

At 15 March 2025

390,556

105,223

495,779

NET BOOK VALUE

At 15 March 2025

47,516

-

47,516

At 15 March 2024

91,323

2,286

93,609

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

15.3.25

15.3.24

£

£

Trade debtors

10,434

30,820

Other debtors

87,781

70,236

Directors' current accounts

500

-

98,715

101,056

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

15.3.25

15.3.24

£

£

Bank loans and overdrafts

10,440

10,183

Trade creditors

18,820

18,015

Corporation tax

26,039

23,587

Social security and other taxes

15,678

3,893

VAT

9,739

10,659

Other creditors

1,162

1,287

Income in advance

11,877

10,552

Directors' current accounts

87,310

87,310

Accrued expenses

27,045

27,230

208,110

192,716

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

15.3.25

15.3.24

£

£

Bank loans

2,651

13,091

Other loans

255,000

255,000

Directors' loan accounts

40,000

41,000

297,651

309,091

8.	OTHER FINANCIAL COMMITMENTS

At 15th March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £3,250 (2024: £42,250)

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 15 March 2025 and the period ended 15 March 2024:

15.3.25

15.3.24

£

£

N J Hartwright

Balance outstanding at start of year

-

-

Amounts advanced

500

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

500

-