ELIAS HOTEL LIMITED - Accounts

ELIAS HOTEL LIMITED - Accounts

ELIAS HOTEL LIMITED - Company Information

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Registered Number: 04473369
England and Wales

 

 

 

ELIAS HOTEL LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2019

End date: 30 December 2019

ELIAS HOTEL LIMITED
Contents Page
For the period ended 30 December 2019
Director Elias Maraziotis
Registered Number 04473369
Registered Office 79-80 Canal Walk
Southampton
SO14 3BH
Accountants JSR MANAGEMENT & HR CONSULTANCY SERVICES LTD
1 The Bridgeway
Portsmouth Road, Woolston
Southampton
SO19 7PE
1
The directors present their annual report and the financial statements for the year ended 30 December 2019.
Principal activities
Principal activity of the company during the financial period was of Hotelier and Similar Accommodation 
Director
The director who served the company throughout the period was as follows:
Elias Maraziotis
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Elias Maraziotis
Director

Date approved: 07 December 2020
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 December 2019 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
JSR MANAGEMENT & HR CONSULTANCY SERVICES LTD
30 December 2019



....................................................
JSR MANAGEMENT & HR CONSULTANCY SERVICES LTD
1 The Bridgeway
Portsmouth Road, Woolston
Southampton
SO19 7PE
07 December 2020
3
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Tangible fixed assets 2 170,576    30,244 
170,576    30,244 
Current assets      
Debtors 3 5,371    2,057 
Cash at bank and in hand (2,234)   148,816 
3,137    150,873 
Creditors: amount falling due within one year 4 -    (6,503)
Net current assets 3,137    144,370 
 
Total assets less current liabilities 173,713    174,614 
Creditors: amount falling due after more than one year 5 (236,331)   (183,184)
Net assets (62,618)   (8,570)
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account (62,718)   (8,670)
Shareholders funds (62,618)   (8,570)
 


For the period ended 30 December 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 07 December 2020 and were signed by:


--------------------------------
Elias Maraziotis
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2018 (1,979) (1,979)
Profit for the period (6,691) (6,691)
Total comprehensive income for the period -  (6,691) (6,691)
Shares issued 100  100 
Total investments by and distributions to owners 100  -  100 
At 31 December 2018 100  (8,670) (8,570)
At 01 January 2019 100  (8,670) (8,570)
Profit for the period (54,048) (54,048)
Total comprehensive income for the period -  (54,048) (54,048)
Total investments by and distributions to owners -  -  - 
At 30 December 2019 100  (62,718) (62,618)
5
General Information
ELIAS HOTEL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04473369, registration address 79-80 Canal Walk, Southampton, SO14 3BH

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 4 Years Straight Line
Computer Equipment 4 Years Straight Line
Land and Buildings 5% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Land and Buildings   Total
  £   £   £   £
At 01 January 2019 -    -    31,836    31,836 
Additions 102    160    142,057    142,319 
Disposals -    -    -    - 
At 30 December 2019 102    160    173,893    174,155 
Depreciation
At 01 January 2019 -    -    1,592    1,592 
Charge for period 25    40    1,922    1,987 
On disposals -    -    -    - 
At 30 December 2019 25    40    3,514    3,579 
Net book values
Closing balance as at 30 December 2019 77    120    170,379    170,576 
Opening balance as at 01 January 2019 -    -    30,244    30,244 

The net book value of Land and Buildings includes £170,379(2019 £30,244) in respect of assets leased under finance leases or hire purchase contracts.

3.

Debtors: amounts falling due within one year

2019
£		   2018
£
Prepayments & Accrued Income 880    - 
VAT 4,491    2,057 
5,371    2,057 

4.

Creditors: amount falling due within one year

2019
£		   2018
£
Bank Loans & Overdrafts (Secured) -    3,450 
Accrued Expenses -    3,053 
-    6,503 

5.

Creditors: amount falling due after more than one year

2019
£		   2018
£
Bank Loans & Overdrafts -    1,678 
Directors' Loan Accounts 236,331    181,506 
236,331    183,184 

6.

Average number of employees

The average monthly number of employees, including directors, during the year/period was 0 (2018 : 0)
6