ART HOTELS UK LIMITED

ART HOTELS UK LIMITED

ART HOTELS UK LIMITED - Company Information

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ART HOTELS UK LIMITED

Company Registration Number:
05333248 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2021

Period of accounts

Start date: 01 August 2020

End date: 31 July 2021

ART HOTELS UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2021

Balance sheet
Notes

ART HOTELS UK LIMITED

Balance sheet

As at 31 July 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 144,516 171,071
Total fixed assets: 144,516 171,071
Current assets
Stocks: 36,204 43,857
Debtors: 4 998,503 1,208,247
Cash at bank and in hand: 134,677 74,402
Total current assets: 1,169,384 1,326,506
Creditors: amounts falling due within one year: 5 (2,150,418) (2,243,076)
Net current assets (liabilities): (981,034) (916,570)
Total assets less current liabilities: (836,518) (745,499)
Creditors: amounts falling due after more than one year: 6 (49,113) (50,000)
Total net assets (liabilities): (885,631) (795,499)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (885,633) (795,501)
Shareholders funds: (885,631) (795,499)

The notes form part of these financial statements

ART HOTELS UK LIMITED

Balance sheet statements

For the year ending 31 July 2021 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 July 2022
and signed on behalf of the board by:

Name: R Takhar
Status: Director

The notes form part of these financial statements

ART HOTELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

ART HOTELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

2. Employees

2021 2020
Average number of employees during the period 91 103

ART HOTELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

3. Tangible Assets

Total
Cost £
At 01 August 2020 882,678
Additions 20,739
At 31 July 2021 903,417
Depreciation
At 01 August 2020 711,607
Charge for year 47,294
At 31 July 2021 758,901
Net book value
At 31 July 2021 144,516
At 31 July 2020 171,071

ART HOTELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

within 1 year 2021 998503, 2020 1208247

ART HOTELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

5. Creditors: amounts falling due within one year note

2021 21504182020 2243076

ART HOTELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

6. Creditors: amounts falling due after more than one year note

2021 491132020 50000

ART HOTELS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

7. Related party transactions

Name of the related party:
Relationship:
related party
Description of the Transaction: related party
£
Balance at 01 August 2020 20,000
Balance at 31 July 2021 20,000
Name of the related party:
Relationship:
related party
Description of the Transaction: related party
£
Balance at 01 August 2020 140,020
Balance at 31 July 2021 140,020
Name of the related party:
Relationship:
related party
Description of the Transaction: related party
£
Balance at 01 August 2020 80,556
Balance at 31 July 2021 97,521
Name of the related party:
Relationship:
related party
Description of the Transaction: related party
£
Balance at 01 August 2020 0
Balance at 31 July 2021 274,050
Name of the related party:
Relationship:
related party
Description of the Transaction: related party
£
Balance at 01 August 2020 0
Balance at 31 July 2021 3,000
Name of the related party:
Relationship:
related party
Description of the Transaction: related party
£
Balance at 01 August 2020 1,027,318
Balance at 31 July 2021 1,185,906
Name of the related party:
Relationship:
related party
Description of the Transaction: related party
£
Balance at 01 August 2020 166,513
Balance at 31 July 2021 110,738
Name of the related party:
Relationship:
related party
Description of the Transaction: related party
£
Balance at 01 August 2020 53,035
Balance at 31 July 2021 41,696