1. User Information
This portal has been created following the guidelines of the Transparency Commissioner of the Government of the Canary Islands and in compliance with Law 12/2014, of December 26, on transparency and access to public information of the Government of the Canary Islands, and Law 19/2013, of December 9, on transparency, access to public information, and good governance.
Update Date: 07/02/2024
GENERAL INFORMATION ABOUT THE ENTITY
The company COMPOSTELA BEACH, S.A.U. was established on April 10, 1985, before Notary D. Juan José Ecenarro y Anzorandía, and is registered in the Commercial Registry of MADRID, Volume 14921, Folio 26, Sheet M-248406.
The company’s registered office is at CL LEGANITOS, No. 47, MADRID (MADRID), with Tax Identification Number A15074057.
The company’s primary activity is:
• HOSPITALITY SERVICES IN HOTELS AND MOTELS, through the operation of the Gara Suites Golf & Spa tourist complex, located at Landa Golf Street No. 2, Playa de las Américas, Santa Cruz de Tenerife.
• RENTAL OF INDUSTRIAL PREMISES AND OTHER MISCELLANEOUS RENTALS. N.C.O.P.
Date of update: 07/02/2024
APPLICABLE REGULATIONS TO THE ENTITY
COMPOSTELA BEACH S.A. is a commercial company governed by the following regulations:
• The Commercial Code and other commercial legislation. In particular, Royal Legislative Decree 1/2010 of July 2, which approves the revised text of the Companies Act.
• The General Accounting Plan approved by Royal Decree 1514/2007 of November 16, and its subsequent amendments, particularly those introduced by Royal Decree 1159/2010 of September 17 and Royal Decree 602/2016 of December 2.
• Royal Legislative Decree 2/2015 of October 23, which approves the revised text of the Workers’ Statute Law.
• Collective agreement for the hospitality sector in Santa Cruz de Tenerife.
• Law 7/1995, of April 6, on the Organization of Tourism in the Canary Islands.
• Law 29/1994, of November 24, on Urban Leases.
• Law 38/2003, of November 17, General of Subsidies.
• Law 19/2013, of December 9, on Transparency, Access to Public Information, and Good Governance.
• Law 12/2014, of December 26, on Transparency and Access to Public Information of the Canary Islands Autonomous Community.
• The remaining applicable Spanish regulations.
CORPORATE PURPOSE
The company’s purpose is the construction, acquisition, sale, leasing, and operation of hotels, hotel-residences, hotel-apartments, residence-apartments, motels, hostels, residence hostels, vacation villages, inns, guest houses, campsites, and restaurants in all their various forms. This includes additional services such as taverns, grills, bars, cafeterias, various lounges, projection rooms, event halls, nightclubs, pubs, hair salons, saunas, various shops, swimming pools, golf courses, tennis courts, mini-golf, bowling alleys, minor games, major games, bingo, casinos, garages, equestrian facilities, marinas, self-service stations, gas pumps, chapels, frontons, ski slopes, ice rinks, currency exchange, childcare services, and the granting of rights to exploit any of these businesses or parts thereof to other entities. The company is also involved in agricultural and livestock operations, the construction and acquisition of all types of buildings, including social housing and official buildings, public works, and related activities such as land acquisition, urbanization, subdivision, and re-subdivision, use, leasing, and sale of buildings, whether in whole or by individual units or premises, subject to applicable regulations.
ORGANIGRAM
ECONOMIC AND FINANCIAL
Date of Update: February 7, 2024
COMPOSTELA BEACH, S.A. fulfills its legal obligation to deposit its Annual Accounts with the Commercial Registry, where they can be requested.
Currently, the latest deposited accounts are for the 2022 financial year, as the 2023 accounts are pending approval.
You can request a copy of the most recent deposited accounts at the following link:
https://sede.registradores.org/site/mercantil
AUDIT REPORTS
The company has not been required to have its financial statements audited due to not meeting the legal criteria for such a requirement.
The year 2023 will be the first fiscal year in which an audit is mandatory, as it meets at least two of the following conditions for the last two consecutive fiscal years, as of the end of each year:
- The total assets exceed €2,850,000.
- The net turnover exceeds €5,700,000.
- The average number of employees during the fiscal year is over fifty.
CONTRACT AND AGREEMENTS WITH PUBLIC ADMINITRATION
Date Updated: 07/02/2024
PUBLIC CONTRACTS FORMALIZED
YEAR 2023: The company has not formalized any contracts with public administrations.
AGREEMENTS AND ASSIGNMENTS OF MANAGEMENT
2023 EXERCISE. The company has not formalized any agreements or assignments of management with any Public Administration.
Date of Update: February 7, 2024
FISCAL YEAR 2021
In the fiscal year 2021, Compostela Beach S.A. received a direct subsidy from the Government of the Canary Islands under the provisions of Decree Law 10/2021, of July 22, which regulates the direct granting of subsidies aimed at covering the cost of the Property Tax borne by companies operating tourist accommodation establishments in the Canary Islands, affected by the crisis resulting from the COVID-19 pandemic. This decree also amends Decree Law 9/2021, of June 28, which regulates the direct granting of subsidies to employees affected by temporary employment regulation files due to COVID-19 (BOC 151, July 23, 2021).
This subsidy was used to cover the Property Tax for the fiscal year 2021 for the tourist accommodation establishment, with the following identification details and the corresponding amount in euros:
| Establishment | Purpose | Amount |
| GARA SUITES GOLF & SPA | Cover the cost of the IBI for 2021 | 189.699,56 |
By resolution of the General Directorate of Energy, Compostela Beach S.A. has been awarded a grant under Royal Decree 266/2021, dated April 13, which regulates the incentive programs related to electric mobility MOVES III, within the framework of the Recovery, Transformation, and Resilience Plan (PRTR), as announced by resolution number 895/2021, dated July 9, 2021. (BOC No. 144, dated July 14, 2021).
| Establishment | Purpose | Amount |
|---|---|---|
| GARA SUITES GOLF & SPA | Implementation of electric vehicle charging infrastructure | €1,651.93 |