Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Lynda Ellis 08/01/2018 17 April 2025 The principal activity of the Company historically was the provision of on-site concierge to residential and commercial properties, as well as corporate campuses. 11138937 2024-12-31 11138937 bus:Director1 2024-12-31 11138937 core:CurrentFinancialInstruments 2024-12-31 11138937 core:CurrentFinancialInstruments 2023-12-31 11138937 2023-12-31 11138937 core:ShareCapital 2024-12-31 11138937 core:ShareCapital 2023-12-31 11138937 core:RetainedEarningsAccumulatedLosses 2024-12-31 11138937 core:RetainedEarningsAccumulatedLosses 2023-12-31 11138937 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 11138937 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 11138937 2024-01-01 2024-12-31 11138937 bus:FilletedAccounts 2024-01-01 2024-12-31 11138937 bus:SmallEntities 2024-01-01 2024-12-31 11138937 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11138937 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11138937 bus:Director1 2024-01-01 2024-12-31 11138937 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 11138937 (England and Wales)

CAPITOL CONCIERGE (UK) LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

CAPITOL CONCIERGE (UK) LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

CAPITOL CONCIERGE (UK) LTD

COMPANY INFORMATION

For the financial year ended 31 December 2024
CAPITOL CONCIERGE (UK) LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTOR Lynda Ellis
SECRETARY Misty Tieman
REGISTERED OFFICE 85 Great Portland Street
London
W1W 7LT
United Kingdom
COMPANY NUMBER 11138937 (England and Wales)
ACCOUNTANT Gravita Business Services Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
CAPITOL CONCIERGE (UK) LTD

BALANCE SHEET

As at 31 December 2024
CAPITOL CONCIERGE (UK) LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 3 0 1,144
Cash at bank and in hand 1,518 485
1,518 1,629
Creditors: amounts falling due within one year 4 ( 10,945) ( 5,923)
Net current liabilities (9,427) (4,294)
Total assets less current liabilities (9,427) (4,294)
Net liabilities ( 9,427) ( 4,294)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 9,527 ) ( 4,394 )
Total shareholder's deficit ( 9,427) ( 4,294)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Capitol Concierge (UK) Ltd (registered number: 11138937) were approved and authorised for issue by the Director on 17 April 2025. They were signed on its behalf by:

Lynda Ellis
Director
CAPITOL CONCIERGE (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
CAPITOL CONCIERGE (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Capitol Concierge (UK) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 85 Great Portland Street, London, W1W 7LT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The Company has paused trade and as a consequence costs have been minimised, with ongoing expenditure being met out of existing cash reserves, and therefore the directors' have prepared the financial statements on a basis other than going concern.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Corporation tax 0 1,144

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Parent undertakings 6,265 1,243
Other creditors 4,680 4,680
10,945 5,923

5. Related party transactions

No remuneration was paid to the director during the year or prior year.

The Company has taken advantage of provisions available under FRS 102 not to disclose details of transactions with its parent company or with other wholly owned members of the Group headed by the Parent company.

6. Ultimate controlling party

The Company's immediate parent company is Capitol Concierge, Inc. which is registered at Columbia Corporate Park 2, 8840 Stanford Blvd, Suite 1000, Columbia, MD 21045 USA.

The ultimate parent company is HRM Holdings, LLC with a contact address of Columbia Corporate Park 2, 8840 Stanford Blvd, Suite 1000, Columbia, MD 21045 USA. The ultimate controlling party is Lynda Ellis.