Accora Hospitality Limited - Accounts to registrar (filleted) - small 18.2

Accora Hospitality Limited - Accounts to registrar (filleted) - small 18.2

ACCORA HOSPITALITY LIMITED - Company Information

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REGISTERED NUMBER: 11558709 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Accora Hospitality Limited
Accora Hospitality Limited (Registered number: 11558709)

Contents of the Financial Statements
for the Year Ended 31 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Accora Hospitality Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: J S Thind
Mrs B G Thind





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
West Midlands
WS4 2LA





REGISTERED NUMBER: 11558709 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA
Page 1
Accora Hospitality Limited (Registered number: 11558709)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £   
FIXED ASSETS
Investments 4 4,691,852 4,691,852

CURRENT ASSETS
Debtors 5 183,464 155,018
Cash at bank and in hand 503,937 654,774
687,401 809,792
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
6
(2,123,089
)
(2,126,411
)
NET CURRENT LIABILITIES (1,435,688 ) (1,316,619 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,256,164
3,375,233

CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE YEAR
7
(2,369,552
)
(2,493,005
)
NET ASSETS 886,612 882,228

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 886,412 882,028
SHAREHOLDERS' FUNDS 886,612 882,228

The notes form part of these financial statements

Page 2 continued...
Accora Hospitality Limited (Registered number: 11558709)

Balance Sheet - continued
31 March 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 profit or loss 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 26 December 2022 and were signed on its behalf by:





J S Thind - Director


The notes form part of these financial statements

Page 3
Accora Hospitality Limited (Registered number: 11558709)

Notes to the Financial Statements
for the Year Ended 31 March 2022


1. STATUTORY INFORMATION

Accora Hospitality Limited is a private company, limited by shares , 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.

Preparation of consolidated financial statements
The financial statements contain information about Accora Hospitality Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2021
and 31 March 2022 4,691,852
NET BOOK VALUE
At 31 March 2022 4,691,852
At 31 March 2021 4,691,852

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Amounts owed by group undertakings 23,796 -
Other debtors 159,668 155,018
183,464 155,018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 273,056 276,378
Other creditors 1,850,033 1,850,033
2,123,089 2,126,411

Page 4 continued...
Accora Hospitality Limited (Registered number: 11558709)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 2,369,552 2,493,005

Amounts falling due in more than five years:

Repayable by instalments
Bank Loan- Long term 2,369,552 2,493,005

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount of £1,850,033 (2021 - £1,850,033) that is owed to the directors.
The loan is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year the company was owed £159,668 (2021 - £155,018) by Concordia Hospitality Limited ('Concordia'). Mr Jashpal Thind and Mrs Baljit Thind were the directors of Concordia as of 31st March 2022.

Interest at 3% has been charged on the loan. The loan is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Mr Jashpal Thind & Mrs Baljit Thind by virtue of their ownership of 100% of the issued share capital in the company.

Page 5