Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Azim Lalani
Sadrudin Lalani
Frances Elizabeth Lalani

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 August 2026

And signed on behalf of the board by:
Name: Azim Lalani
Status: Secretary

Profit And Loss Account

for the Period Ended 31 December 2024

	2024	2023
	£	£
Turnover:	1,477,237	1,672,834
Cost of sales:	( 253,139 )	( 349,599 )
Gross profit(or loss):	1,224,098	1,323,235
Administrative expenses:	( 1,063,612 )	( 1,245,836 )
Operating profit(or loss):	160,486	77,399
Interest receivable and similar income:	695	2,756
Interest payable and similar charges:	( 9,802 )	( 1,107 )
Profit(or loss) before tax:	151,379	79,048
Tax:	( 34,113 )	( 17,064 )
Profit(or loss) for the financial year:	117,266	61,984

Balance sheet

As at 31 December 2024

	Notes	2024	2023
		£	£
Fixed assets
Tangible assets:	3	6,597,638	6,542,220
Investments:	4	781,190	738,879
Total fixed assets:		7,378,828	7,281,099
Current assets
Stocks:	5	8,733	11,079
Debtors:	6	11,402	18,962
Cash at bank and in hand:		168,861	342,290
Total current assets:		188,996	372,331
Creditors: amounts falling due within one year:	7	( 253,023 )	( 376,336 )
Net current assets (liabilities):		(64,027)	(4,005)
Total assets less current liabilities:		7,314,801	7,277,094
Creditors: amounts falling due after more than one year:	8	( 581,386 )	( 599,745 )
Total net assets (liabilities):		6,733,415	6,677,349
Capital and reserves
Called up share capital:		72,000	72,000
Other reserves:		6,193,000	6,193,000
Profit and loss account:		468,415	412,349
Total Shareholders' funds:		6,733,415	6,677,349

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

  Tangible fixed assets depreciation policy

  The opening balance cost or valuation of freehold land and buildings is their purchase cost and revaluation together with any incidental expenses or acquisition. In 1996 the directors revalued the freehold of the Devoncourt Hotel previously shown at nil cost. The original cost was written off against the cost of the timeshare leases. Due to the unconditional reversionary interest on the expiry of the leases in 2015, the directors had ascribed a valuation of £1,400,000. The Devoncourt Hotel has a cost in excess of £3,000,000. No depreciation has been provided on the freehold land and buildings as the residual market value of the freehold land and building exceeds the carrying value in the accounts and any depreciation charged as it is immaterial. Land and buildings Freehold Nil Fixtures, fittings & equipment 10% straight line

  Other accounting policies

  Investments Investment properties are included in the balance sheet at their cost. In the opinion of the directors, the current open market value is not materially different from the book value in the financial statements.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	36	39