Surejogi Heathrow Limited - Limited company accounts 16.3

REGISTERED NUMBER: 08721917 (England and Wales)

Report of the Directors and

Financial Statements

for the Year Ended 31 May 2016

for

Surejogi Heathrow Limited

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

3

Income Statement

5

Balance Sheet

6

Notes to the Financial Statements

7

Directors:

Mrs S Sanger

Ms R Sanger

Mr J P Sanger

Mr G Sanger

Secretary:

Mr J P Sanger

Registered office:

30 Poland Street

London

W1F 8QS

Registered number:

08721917 (England and Wales)

Auditors:

GKP Partnership Ltd

110 Viglen House

Alperton Lane

Wembley

London

HA0 1HD

The directors present their report with the financial statements of the company for the year ended 31 May 2016.

Principal activity

The principal activity of the company in the year under review was that of hotel operations

Directors

The directors shown below have held office during the whole of the period from 1 June 2015 to the date of this

report.

Mrs S Sanger

Ms R Sanger

Mr J P Sanger

Mr G Sanger

Statement of directors' responsibilities

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance

with applicable law and regulations.

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 (United Kingdom Accounting Standards and applicable law). 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 of 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;

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.

Statement as to disclosure of information to auditors

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the

Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that

he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit

information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, GKP Partnership Ltd, will be proposed for re-appointment at the forthcoming Annual General

Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to

small companies.

On behalf of the board:

Mr J P Sanger - Director

24 August 2017

We have audited the financial statements of Surejogi Heathrow Limited for the year ended 31 May 2016 on pages

five to nine. The financial reporting framework that has been applied in their preparation is applicable law and

United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including

Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the

Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members

those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the

company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of directors and auditors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to

give reasonable assurance that the financial statements are free from material misstatement, whether caused by

fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the company's

circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant

accounting estimates made by the directors; and the overall presentation of the financial statements. In addition,

we read all the financial and non-financial information in the Report of the Directors to identify material

inconsistencies with the audited financial statements and to identify any information that is apparently materially

incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the

audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications

for our report.

Opinion on financial statements

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 May 2016 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion the information given in the Report of the Directors for the financial year for which the financial

statements are prepared is consistent with the financial statements.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report

to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Mr. Atul Sharma (Senior Statutory Auditor)

for and on behalf of GKP Partnership Ltd

110 Viglen House

Alperton Lane

Wembley

London

HA0 1HD

30 August 2017

Revenue

5,564,941

3,322,050

Cost of sales

(475,071

)

(452,021

)

Gross profit

5,089,870

2,870,029

Administrative expenses

(4,869,052

)

(3,048,069

)

Operating profit/(loss) and

Profit/(loss) before taxation

4

220,818

(178,040

)

Tax on profit/(loss)

-

-

Profit/(loss) for the financial year

220,818

(178,040

)

Fixed assets

Property, plant and equipment

5

160,070

157,585

Current assets

Inventories

6

13,311

13,271

Debtors

7

4,555,951

1,783,532

Cash in hand

80,844

209,593

4,650,106

2,006,396

Creditors

Amounts falling due within one year

8

(5,468,063

)

(3,042,686

)

Net current liabilities

(817,957

)

(1,036,290

)

Total assets less current liabilities

(657,887

)

(878,705

)

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

(658,887

)

(879,705

)

Shareholders' funds

(657,887

)

(878,705

)

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 August 2017 and were signed on its behalf by:

Mr J P Sanger - Director

1.	Statutory information

Surejogi Heathrow 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Going concern

The accounts have been prepared on a going concern basis as the directors and shareholders confirm that

they will continue to provide financial support for the operations of the company.

3.	Employees and directors

31.5.16

31.5.15

£

£

Wages and salaries

1,408,888

995,183

The average monthly number of employees during the year was as follows:

31.5.16

31.5.15

61

50

4.	Operating profit/(loss)

The operating profit (2015 - operating loss) is stated after charging:

31.5.16

31.5.15

£

£

Depreciation - owned assets

28,247

27,809

5.	Property, plant and equipment

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 June 2015

125,654

2,597

67,686

195,937

Additions

30,732

-

-

30,732

At 31 May 2016

156,386

2,597

67,686

226,669

Depreciation

At 1 June 2015

18,848

721

18,783

38,352

Charge for year

20,631

281

7,335

28,247

At 31 May 2016

39,479

1,002

26,118

66,599

Net book value

At 31 May 2016

116,907

1,595

41,568

160,070

At 31 May 2015

106,806

1,876

48,903

157,585

6.	Inventories

31.5.16

31.5.15

£

£

Finished goods

13,311

13,271

7.

Debtors

31.5.16

31.5.15

£

£

Amounts falling due within one year:

Trade debtors

422,614

459,974

Amounts owed by group undertakings

3,877,257

1,072,945

Prepayments and accrued income

241,756

237,489

4,541,627

1,770,408

Amounts falling due after more than one year:

Other debtors

14,324

13,124

Aggregate amounts

4,555,951

1,783,532

8.

Creditors: amounts falling due within one year

31.5.16

31.5.15

£

£

Trade creditors

4,068,256

1,487,353

Amounts owed to group undertakings

938,729

182,933

Social security and other taxes

149,416

30,417

Other creditors

215,128

229,983

Accruals and deferred income

96,534

1,112,000

5,468,063

3,042,686

9.	Ultimate controlling party

The ultimate part company is Mastcraft Limited by virtue of holding majority shareholding in the company.

The ultimate controlling party is the Sanger family by virtue of holding majority shareholding in Mastcraft

Limited.