ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

HOTEL AND LEISURE MANAGEMENT LIMITED - Company Information

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Registered number: 02632301









HOTEL AND LEISURE MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2021
 
HOTEL AND LEISURE MANAGEMENT LIMITED
 
 
COMPANY INFORMATION


Directors
J M Barker 
S A Barker 




Company secretary
S A Barker



Registered number
02632301



Registered office
5 Brooks Drive
Cheadle Royal Business Park

Cheadle

SK8 3TD




Accountants
Grant Thornton UK LLP
Chartered Accountants

11th Floor

Landmark St Peter's Square

1 Oxford Street

Manchester

M1 4PB




 
HOTEL AND LEISURE MANAGEMENT LIMITED
 

CONTENTS



Page
Accountant's Report
 
1
Statement of Financial Position
 
2 - 3
Notes to the Financial Statements
 
4 - 5

  
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Report to the directors on the preparation of the unaudited statutory financial statements of Hotel and Leisure Management Limited for the year ended 31 March 2021 

We have compiled the accompanying financial statements of Hotel and Leisure Management Limited (the ‘company’)  based on the information you have provided. These financial statements comprise the Statement of Financial Position of Hotel and Leisure Management Limited as at 31 March 2021 and a summary of significant accounting policies and other explanatory information. 

We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), 'Compilation Engagements'.

We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). As a member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com

These financial statements and the accuracy and completeness of the information used to compile them are your responsibility.

Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with United Kingdom Generally Accepted Accounting Practice.

This report is made solely to the Company's directors, as a body,  in accordance with the terms of our engagement letter dated 22 June 2021. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Company's directors, as a body,  in this report in accordance with our engagement letter dated 22 June 2021. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its directors, as a body,  for our work or for this report.




Grant Thornton UK LLP
 
Chartered Accountants
  
Manchester

8 December 2021
Page 1
 
HOTEL AND LEISURE MANAGEMENT LIMITED
REGISTERED NUMBER:02632301

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 4 
2
2

  
2
2

Current assets
  

Debtors: amounts falling due within one year
 5 
604,059
604,059

  
604,059
604,059

Total assets less current liabilities
  
 
 
604,061
 
 
604,061

  

Net assets
  
604,061
604,061


Capital and reserves
  

Called up share capital 
  
600,004
600,004

Profit and loss account
  
4,057
4,057

  
604,061
604,061


Page 2
 
HOTEL AND LEISURE MANAGEMENT LIMITED
REGISTERED NUMBER:02632301
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2021

For the year ended 31 March 2021 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 income statement 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 by by: 




S A Barker
Director
Date: 25 November 2021

The notes on pages 4 to 5 form part of these financial statements.

Page 3
 
HOTEL AND LEISURE MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

1.


General information

The company is a private company limited by shares and is registered in England and Wales. 
Registered Number: 02632301.
Registered Office: 5 Brooks Drive, Cheadle Royal Business Park, Cheadle, Cheshire, SK8 3TD.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company is dormant and as such has no Statement of Comprehensive Income.
The following accounting polices have been applied:

 
2.2

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

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 banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).
The directors received no remuneration during the year (2020: £Nil).

Page 4
 
HOTEL AND LEISURE MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

4.


Fixed asset investments





Investment in subsidiary company

£



Cost or valuation


At 1 April 2020
2



At 31 March 2021
2




The subsidiary undertaking is The Nose (Wilmslow) Limited a company incorporated in England and Wales.  Hotel and Leisure Management Limited own 100% of the Ordinary share capital.


5.


Debtors

2021
2020
£
£


Amounts owed by group undertakings
604,059
604,059



6.


Related party transactions

The company has taken the exemption conferrred under FRS 102 to not disclose transactions with its subsidiary company The Nose (Wilmslow) Limited.


7.


Controlling party

The controlling parties of Hotel and Leisure Management Limited are S A Barker and J M Barker.

Page 5