IRIS Accounts Production v25.1.3.33 07841163 Board of Directors 1.1.24 31.12.24 31.12.24 Medium entities the operation of a 218 bedroom hotel, located in Holloway Circus, Birmingham, with ancillary bar, restaurant, conference, health and fitness facilities. true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078411632023-12-31078411632024-12-31078411632024-01-012024-12-31078411632022-12-31078411632023-01-012023-12-31078411632023-12-3107841163ns15:EnglandWales2024-01-012024-12-3107841163ns14:PoundSterling2024-01-012024-12-3107841163ns10:Director12024-01-012024-12-3107841163ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107841163ns10:MediumEntities2024-01-012024-12-3107841163ns10:Audited2024-01-012024-12-3107841163ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-3107841163ns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-3107841163ns10:FullAccounts2024-01-012024-12-3107841163ns10:OrdinaryShareClass12024-01-012024-12-3107841163ns10:Director52024-01-012024-12-3107841163ns10:RegisteredOffice2024-01-012024-12-3107841163ns10:Director22024-01-012024-12-3107841163ns10:Director32024-01-012024-12-3107841163ns10:Director42024-01-012024-12-3107841163ns5:CurrentFinancialInstruments2024-12-3107841163ns5:CurrentFinancialInstruments2023-12-3107841163ns5:ShareCapital2024-12-3107841163ns5:ShareCapital2023-12-3107841163ns5:RetainedEarningsAccumulatedLosses2024-12-3107841163ns5:RetainedEarningsAccumulatedLosses2023-12-3107841163ns5:ShareCapital2022-12-3107841163ns5:RetainedEarningsAccumulatedLosses2022-12-3107841163ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3107841163ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-3107841163ns5:FurnitureFittings2024-01-012024-12-3107841163ns5:OwnedAssets2024-01-012024-12-3107841163ns5:OwnedAssets2023-01-012023-12-3107841163ns5:FurnitureFittings2023-12-3107841163ns5:FurnitureFittings2024-12-3107841163ns5:FurnitureFittings2023-12-3107841163ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107841163ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107841163ns5:CurrentFinancialInstruments2024-01-012024-12-3107841163ns5:BetweenOneFiveYears2024-12-3107841163ns5:BetweenOneFiveYears2023-12-3107841163ns5:DeferredTaxation2023-12-3107841163ns5:DeferredTaxation2024-01-012024-12-3107841163ns5:DeferredTaxation2024-12-3107841163ns10:OrdinaryShareClass12024-12-3107841163ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: 07841163 (England and Wales)















BHBL 2011 Limited

Strategic Report, Report of the Directors and

Audited Financial Statements

for the Year Ended 31 December 2024






BHBL 2011 Limited (Registered number: 07841163)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Comprehensive Income 7

Balance Sheet 8

Statement of Changes in Equity 9

Notes to the Financial Statements 10


BHBL 2011 Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: A Aslam
SJ Allsop





REGISTERED OFFICE: c/o Lomas and Co
12 Market Street
Glossop
Derbyshire
SK13 8AR





REGISTERED NUMBER: 07841163 (England and Wales)





AUDITORS: McMillan & Co LLP
Chartered Accountants and
Statutory Auditor
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

BHBL 2011 Limited (Registered number: 07841163)

Strategic Report
for the year ended 31 December 2024

PRINCIPAL ACTIVITIES
The principal activities of the company continued to be that of a hotel, restaurant and conference facility provider.

REVIEW OF BUSINESS
Turnover for the year was £7.7m (2023: £7.1m), up £0.6m on the previous year.

The operating profit for the year was £0.7m (2023: £0.4m) which is after the payment of rent to the parent company of £0.8m (2023: £0.5m).

The company recorded an EBITDA profit of £0.8m (2023: £0.5m).

Net current assets at 31 December 2024 were £0.5m (2023: £0.2m, net current liabilities) which includes an amount owed to the parent company of £1.9m (2023: £1.5m).

Net assets at 31 December 2024 were £0.6m (2023: £0.0m) and the cash balance was £2.9m (2023: £1.6m).

PRINCIPAL RISKS AND UNCERTAINTIES
The directors continue to take steps to mitigate the principal risks and uncertainties facing the business. The key business risks are considered to be:

- Risk of loss of regular customers. The economic climate and the status o the local council could lead to a loss of returning customers. The directors have assessed this risk and believe that the strength of the brand and quality of the facilities substantially reduce this risk.

- Liquidity/availability of finance. The directors feel that the uncertainty around this area is now resolved with the support of the parent company if required.

- Labour and utility costs. The company is exposed to the risk of increases in both labour and utility costs, and a shortage of labour in the UK.

KEY PERFORMANCE INDICATORS
Financial: 2024 2023
EBITDA £0.8k £0.5k
Gross margin calculated as Gross Profit/Turnover 62.3% 57.2%

Non-financial:
Average operational headcount 74 74

ON BEHALF OF THE BOARD:





A Aslam - Director


23 May 2025

BHBL 2011 Limited (Registered number: 07841163)

Report of the Directors
for the year ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS
The directors who have held office during the period from 1 January 2024 to the date of this report are as follows:

PT Brady - resigned 16 February 2024
AP Raja - resigned 14 November 2024
TJ Hardwick - appointed 15 February 2024 - resigned 14 November 2024
A Aslam - appointed 14 November 2024
SJ Allsop - appointed 14 November 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

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, McMillan & Co LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:





A Aslam - Director


23 May 2025

Report of the Independent Auditors to the Members of
BHBL 2011 Limited

Opinion
We have audited the financial statements of BHBL 2011 Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 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.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Material uncertainty related to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
BHBL 2011 Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

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.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

Report of the Independent Auditors to the Members of
BHBL 2011 Limited


We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships, and
- tested journal entries to identify unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
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.




Andrea Gerring FCA (Senior Statutory Auditor)
for and on behalf of McMillan & Co LLP
Chartered Accountants and
Statutory Auditor

23 May 2025

BHBL 2011 Limited (Registered number: 07841163)

Statement of Comprehensive Income
for the year ended 31 December 2024

2024 2023
Notes £ £

TURNOVER 7,733,617 7,084,400

Cost of sales 2,919,243 3,028,618
GROSS PROFIT 4,814,374 4,055,782

Administrative expenses 4,104,401 3,616,655
OPERATING PROFIT 4 709,973 439,127


Interest payable and similar expenses 5 71,906 73,873
PROFIT BEFORE TAXATION 638,067 365,254

Tax on profit 6 29,189 69,536
PROFIT FOR THE FINANCIAL YEAR 608,878 295,718

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

608,878

295,718

BHBL 2011 Limited (Registered number: 07841163)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 7 183,596 295,602

CURRENT ASSETS
Stocks 8 17,805 20,320
Debtors 9 644,939 1,059,880
Cash at bank and in hand 2,921,639 1,602,321
3,584,383 2,682,521
CREDITORS
Amounts falling due within one year 10 3,093,277 2,872,299
NET CURRENT ASSETS/(LIABILITIES) 491,106 (189,778 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,702

105,824

DEFERRED INCOME 13 80,000 120,000
NET ASSETS/(LIABILITIES) 594,702 (14,176 )

CAPITAL AND RESERVES
Called up share capital 14 1 1
Retained earnings 15 594,701 (14,177 )
SHAREHOLDERS' FUNDS 594,702 (14,176 )

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





A Aslam - Director


BHBL 2011 Limited (Registered number: 07841163)

Statement of Changes in Equity
for the year ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£ £ £
Balance at 1 January 2023 1 (309,895 ) (309,894 )

Changes in equity
Total comprehensive income - 295,718 295,718
Balance at 31 December 2023 1 (14,177 ) (14,176 )

Changes in equity
Total comprehensive income - 608,878 608,878
Balance at 31 December 2024 1 594,701 594,702

BHBL 2011 Limited (Registered number: 07841163)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

BHBL 2011 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with 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.

Going concern
The financial statements have been prepared on a going concern basis which the directors consider to be appropriate.

The directors are of the opinion that the company will have sufficient funds to meet its liabilities as they fall due. Funds will be provided through funding from the ultimate parent company, Select Group Limited, if required.

The directors have considered the ability of Select Group Limited to provide financial support based on information provided by Select Group Limited. The ability of Select Group Limited to continue to provide this support is dependent on the group achieving its own cash flow forecast and the continued availability of shareholder loans to the Group.

Based on these indications, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

BHBL 2011 Limited (Registered number: 07841163)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The following are critical judgments and estimations that the directors have made in the process of applying the accounting policies and that have the most significant effect on the amounts recognised in the financial statements:

Revenue recognition
In making its judgement, management considered the detailed criteria for the recognition of revenue as set out within Section 23 of FRS 102. The directors are satisfied that the risks and rewards of accommodation revenue transfer on each night acclamation is provided, and therefore this is the correct recognition point. Deposits are paid for in advance by the customer and these are allocated to deferred income which is held on the balance sheet and recognised in the profit and loss accounts when the customer departs.

Impairment of fixed assets
The carrying value of fixed assets are reviewed at each year end for indications of impairment. As the fixed assets are included at depreciated cost, the directors do not believe an impairment review is required.

Turnover
The turnover shown in the profit and loss account represents the fair value of all goods and services, delivered during the year, at selling price exclusive of discounts, rebates, Value Added Tax and other sales taxes. Sales are recognised at the point at which the company has fulfilled its contractual obligations to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BHBL 2011 Limited (Registered number: 07841163)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Trade and other debtors/creditors
Trade and other debtors are recognised and measured at transaction price less attributable transaction costs. Trade and other creditors are also recognised and measured at transaction price plus attributable transaction costs.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the Company's cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement,

Interest-bearing borrowings
Interest-bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost using the effective interest method, less any impairment costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BHBL 2011 Limited (Registered number: 07841163)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

3. EMPLOYEES AND DIRECTORS
2024 2023
£ £
Wages and salaries 1,568,981 1,656,526
Social security costs 140,769 133,602
Other pension costs 32,828 36,352
1,742,578 1,826,480

The average number of employees during the year was as follows:
2024 2023

Operational and administrative staff 74 74

2024 2023
£ £
Directors' remuneration - -

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£ £
Other operating leases 20,113 40,013
Depreciation - owned assets 52,606 78,800
Auditors' remuneration 19,175 19,150

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£ £
Interest on intercompany loan 71,906 73,873

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£ £
Deferred tax 29,189 69,536
Tax on profit 29,189 69,536

BHBL 2011 Limited (Registered number: 07841163)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£ £
Profit before tax 638,067 365,254
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 25%)

159,517

91,314

Effects of:
changing deferred tax rates
Group loss relief (130,328 ) (21,778 )

Total tax charge 29,189 69,536

Deferred tax has been calculated at 25% for both the the current and prior year.

7. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 January 2024 2,865,981
Additions 65,081
Disposals (124,481 )
At 31 December 2024 2,806,581
DEPRECIATION
At 1 January 2024 2,570,379
Charge for year 52,606
At 31 December 2024 2,622,985
NET BOOK VALUE
At 31 December 2024 183,596
At 31 December 2023 295,602

8. STOCKS
2024 2023
£ £
Stock 17,805 20,320

BHBL 2011 Limited (Registered number: 07841163)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 442,954 870,627
Deferred tax asset
Accelerated capital allowances 72,862 102,051
Prepayments and accrued income 129,123 87,202
644,939 1,059,880

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 247,096 237,500
Amounts owed to group undertakings 1,873,767 1,477,722
Social security and other taxes 427,296 270,313
Deposits and other creditors 104,864 19,632
Accruals and deferred income 440,254 867,132
3,093,277 2,872,299

Included within amounts owed to group undertakings is a loan payable on demand to Select Birmingham Limited of £1,873,767 (2023: £1,477,722).

The loan is unsecured and interest is calculated at a rate of 5%. Interest charged to the profit and loss account in the year was £71,906 (2023: £73,873).

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Between one and five years 400,000 400,000

12. DEFERRED TAX
£
Balance at 1 January 2024 (102,051 )
Charge to Statement of Comprehensive Income during year 29,189
Change in rate of deferred tax
Balance at 31 December 2024 (72,862 )

Deferred tax has been provided at 25% in both years.

13. DEFERRED INCOME
2024 2023
£ £
Deferred income 80,000 120,000

The deferred income balance relates to a £400,000 contribution from the hotel operator for the Property Improvement Plan and is released on a straight line basis over 10 years. £40,000 of this balance is held within Accruals and deferred income (note 10) and this will be released to the Statement of Comprehensive Income over the term.

BHBL 2011 Limited (Registered number: 07841163)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary A £1 1 1

The share has attached to it full voting, dividend and capital distribution rights.

15. RESERVES
Retained
earnings
£

At 1 January 2024 (14,177 )
Profit for the year 608,878
At 31 December 2024 594,701

16. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Select Birmingham Limited. This is a subsidiary undertaking of Select Investments Limited, a company incorporated under the Ras Al Khaimah Free Trade Zone in the United Arab Emirates.

This is a wholly owned subsidiary of Select Group Limited. The consolidated financial statements of Select Investments Limited and Select Group Limited are not publicly available. The ultimate controlling party is Rahail Aslam.

17. RELATED PARTY DISCLOSURES

During the year the company paid rent of £833,400 (2023: £536,732) to Select Birmingham Limited.

The balance owed to Select Birmingham Limited at 31 December 2024 was £1,873,767 (2023: £1,477,722). Interest of £71,906 (2023: £73,873) was charged at a rate of 5% to the profit and loss account in the year.

The loan is unsecured and interest is calculated at a rate of 5%.