Bespoke Hotels (ISIS) 2 Limited Filleted accounts for Companies House (small and micro)

BESPOKE HOTELS (ISIS) 2 LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08238971

BESPOKE HOTELS (ISIS) 2 LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2023

BESPOKE HOTELS (ISIS) 2 LIMITED

FINANCIAL STATEMENTS

Year ended 31 March 2023

CONTENTS	PAGES

Balance sheet	1

Notes to the financial statements	2 to 4

BESPOKE HOTELS (ISIS) 2 LIMITED

BALANCE SHEET

31 March 2023

	2023	2022
Note	£	£

CURRENT ASSETS

Debtors	5	176,216	273,553
Cash at bank and in hand		192,694	85,244
		---------	---------
		368,910	358,797

CREDITORS: amounts falling due within one year	6	( 380,870)	( 358,787)
		---------	---------
NET CURRENT (LIABILITIES)/ASSETS		( 11,960)	10
		--------	----
TOTAL ASSETS LESS CURRENT LIABILITIES		( 11,960)	10

PROVISIONS	2,993	–
	--------	----
NET (LIABILITIES)/ASSETS	( 8,967)	10
	--------	----

CAPITAL AND RESERVES

Called up share capital	10	10
Profit and loss account	( 8,977)	–
	-------	----
SHAREHOLDERS FUNDS	( 8,967)	10
	-------	----

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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 22 November 2023 , and are signed on behalf of the board by:

Mr H H J Fentum
Director

Company registration number: 08238971

BESPOKE HOTELS (ISIS) 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2023

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 210 Cygnet Court, Centre Park, Warrington, WA1 1PP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for payroll costs recharged, stated net of discounts and of Value Added Tax. Revenue from the sale of services is recognised when the significant risks and rewards of those services have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 415 (2022: 415 ).

5. DEBTORS

	2023	2022
	£	£
Trade debtors	43,396	140,826
Other debtors	132,820	132,727
	---------	---------
	176,216	273,553
	---------	---------

6. CREDITORS: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	57,034	58,557
Social security and other taxes	282,788	273,933
Other creditors	41,048	26,297
	---------	---------
	380,870	358,787
	---------	---------

7. RELATED PARTY TRANSACTIONS

Included in other debtors is the following balance due from a related party:

	2023	2022
	£	£
Bespoke Hotels (Isis) Limited	132,717	132,717
	---------	---------

This loan is interest free and repayable on demand. This company is related by common control and registered in England & Wales.