Eclipse Hotels Management Limited Filleted accounts for Companies House (small and micro)
Eclipse Hotels Management Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05977758
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
7 |
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------------ |
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Net current assets |
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--------- |
--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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Provisions
Pensions and similar obligations |
2,142 |
5,030 |
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Taxation including deferred tax |
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------- |
-------- |
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8,403 |
11,288 |
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--------- |
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Net assets |
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--------- |
--------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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--------- |
--------- |
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Shareholders funds |
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--------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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
.
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
30 March 2024
, and are signed on behalf of the board by:
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Director |
Company registration number:
05977758
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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 and Wales. The address of the registered office is 6 Coda Centre, 189 Munster road, London, SW6 6AW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Foreign currencies
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold |
- |
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Fixtures and Fittings |
- |
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Motor Vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Provisions
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
21
(2022:
19
).
5.
Tangible assets
Land and buildings |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2022 |
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Additions |
– |
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– |
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-------- |
-------- |
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--------- |
--------- |
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At 31 March 2023 |
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-------- |
-------- |
-------- |
--------- |
--------- |
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Depreciation |
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At 1 April 2022 |
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Charge for the year |
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-------- |
-------- |
-------- |
--------- |
--------- |
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At 31 March 2023 |
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-------- |
-------- |
-------- |
--------- |
--------- |
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Carrying amount |
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At 31 March 2023 |
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-------- |
-------- |
-------- |
--------- |
--------- |
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At 31 March 2022 |
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-------- |
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6.
Debtors
2023 |
2022 |
|
£ |
£ |
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Other debtors |
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------------ |
------------ |
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7.
Creditors:
amounts falling due within one year
2023 |
2022 |
|
£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Creditors:
amounts falling due after more than one year
2023 |
2022 |
|
£ |
£ |
|
Bank loans and overdrafts |
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-------- |
-------- |
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9.
Financial instruments
The basic financial instruments are measured at cost or fair value. These consist of bank balances, debtors and creditors. Debtors and creditors are measured at the undiscounted amount of cash value expected to be received or paid.
10.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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(
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-------- |
------- |
-------- |
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2022 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
£ |
£ |
£ |
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(
|
(
|
(
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------- |
-------- |
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11.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value |
Balance owed by/(owed to) |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
KHL (Poole) Limited |
(132,666) |
(202,089) |
73,731 |
(
222,219) |
Eclipse Hotels Limited |
(211,382) |
(99,373) |
3,544 |
130,704 |
Eclipse Hotels (Bristol) Limited |
(298,819) |
(254,590) |
(
1,901,745) |
(
1,548,745) |
Eclipse Hotel Cardiff Limited |
(155,125) |
(118,456) |
1,251,751 |
1,295,339 |
Eclipse Hotels (Norwich) Limited |
(210,877) |
(165,227) |
3,412 |
(
172,596) |
Eclipse Hotels (Luton) Limited |
(73,126) |
31,224 |
1,362,152 |
1,355,279 |
Eclipse Hotels (Heathrow Airport) Ltd |
(206,435) |
(155,692) |
(
533,426) |
(
275,856) |
Chelsea Management (UK) Limited |
– |
– |
58,939 |
35,670 |
Eclipse Hotels Nassau Limited |
(140,414) |
– |
476,549 |
– |
Eclipse Hotels Zurich AG |
(300,203) |
– |
174,257 |
– |
Junkanoo Development Limited |
– |
– |
156,771 |
– |
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The above named companies have common directors and shareholders. The transaction value relates to Management fees, Revenue management, payroll, HR, IT and Training fees received from the above named company.