MO LONDON BNK LTD

Company Registration Number:
14958547 (England and Wales)

Unaudited statutory accounts for the year ended 24 December 2024

Period of accounts

Start date: 24 June 2023

End date: 24 December 2024

MO LONDON BNK LTD

Contents of the Financial Statements

for the Period Ended 24 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MO LONDON BNK LTD

Directors' report period ended 24 December 2024

The directors present their report with the financial statements of the company for the period ended 24 December 2024

Directors

The directors shown below have held office during the whole of the period from
24 June 2023 to 24 December 2024

S F Lenze
D N Müller
A Rödel
M Wiessler


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 June 2025

And signed on behalf of the board by:
Name: A Rödel
Status: Director

MO LONDON BNK LTD

Profit And Loss Account

for the Period Ended 24 December 2024

18 months to 24 December 2024


£
Administrative expenses: ( 29,787 )
Operating profit(or loss): (29,787)
Interest payable and similar charges: ( 7,911 )
Profit(or loss) before tax: (37,698)
Profit(or loss) for the financial year: (37,698)

MO LONDON BNK LTD

Balance sheet

As at 24 December 2024

Notes 18 months to 24 December 2024


£
Current assets
Debtors: 3 111,982
Cash at bank and in hand: 5,213
Total current assets: 117,195
Creditors: amounts falling due within one year: 4 ( 154,892 )
Net current assets (liabilities): (37,697)
Total assets less current liabilities: (37,697)
Total net assets (liabilities): (37,697)
Capital and reserves
Called up share capital: 1
Profit and loss account: (37,698 )
Total Shareholders' funds: ( 37,697 )

The notes form part of these financial statements

MO LONDON BNK LTD

Balance sheet statements

For the year ending 24 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 June 2025
and signed on behalf of the board by:

Name: A Rödel
Status: Director

The notes form part of these financial statements

MO LONDON BNK LTD

Notes to the Financial Statements

for the Period Ended 24 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    1. Accounting policies 1.1 Basis of preparation of the financial statements MO LONDON BNK LTD (the “Company”) is a company limited by shares and incorporated and domiciled in England. The registered office is 24 – 26 Minories, London, EC3N 1BQ. The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006. The financial statements of MO LONDON BNK LTD were authorised for issue by the Board of Directors on 18 June 2025. The financial statements have been prepared in sterling which is the functional currency of the company. 1.2 Financial reporting standard 102 – reduced disclosure exemptions The Company has taken advantage of the following disclosure exemptions available to small companies in preparing these financial statements, as permitted by the FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”: -The requirements of Section 4 Statement of Financial Position paragraph 4.12(1)(iv); -The requirements of Section 7 Statement of Cash Flows; -The requirements of Section 3 Financial Statement Presentation paragraph 3.3, PBE3.3A, 3.9, 3.17, 3.18, 3.19 and 3.24(b) -The requirements of Section 11 Financial Instruments paragraphs 11.41 to 11.48A; -The requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29; -The requirements of Section 33 Related Party Disclosures paragraph 33.7. This information is included in the consolidated financial statements of Motel One GmbH, Munich, Germany, as at 31 December 2024 and these financial statements are publicly available. 1.3 Going concern In line with the FRC guidance on going concern, the directors have undertaken an exercise to review the appropriateness of the continued use of the going concern basis and have concluded that it is appropriate. Given the initial results, operating losses in the first accounting period for the newly incorporated entity, and the existence of net current liabilities, the company has obtained a written letter of support from the (indirect) parent company, Motel One Group GmbH, Munich, Germany, with regards to cash needs, including those for the settlement of liabilities, loan payments, payment of tax and other commitments. In order to support the continued use of the going concern basis of preparation the directors have therefore received written confirmation from the parent company that it can and will provide the support necessary to ensure the Company meets its liabilities as they fall due until 31 December 2026. The directors have assessed the ability of the (indirect) parent company, Motel One Group GmbH, Munich, Germany, to provide the support, should it be required, until 31 December 2026, and having reviewed the financial position and made suitable enquiries, are satisfied the financial statements should be prepared on a going concern basis. The directors have undertaken a thorough review of the (indirect) parent company, Motel One Group GmbH, Munich, Germany and the Company’s cash flow forecast and potential liquidity risks. Detailed budgets, sensitivity analysis and cash flow projections have been reviewed until end of 2026. 1.4 Administration Expenses Administration Expenses are other expenses in the course of doing business and are recognised as they are incurred, in the period they relate to. 1.5 Financial Assets The Company’s financial assets include trade and other debtors and cash and short term deposits. -Trade and other receivables Basic financial assets, including other receivables, are initially recognised at transaction price, 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. Where the time value of money is material, receivables are carried at amortised cost. Provision is made when there is objective evidence that the company will not be able to recover balances in full. Balances are written off when the probability of recovery is assessed as being remote. Cash and cash equivalents Cash and cash equivalents comprises cash on hand and current balances with banks and similar institutions, which are readily convertible to known amounts of cash and which are subject to insignificant risk of changes in value. 1.6 Financial liabilities The Company’s financial liabilities include trade and other payables. -Trade and other payables Trade and other payables are initially measured at fair value. Trade and other payables are non-interest bearing. 1.7 Foreign currencies Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rate at the balance sheet date. All exchange differences are included in the profit and loss account. 1.8 Judgments in applying accounting policies and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the period . However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgement have had the most significant effect on amounts recognised in the financial statements: Operating lease commitments The Company has entered into commercial property leases as a lessee. The classification of such leases as operating or finance lease requires the Company to determine, based on an evaluation of the terms and conditions of the arrangements, whether it acquires the significant risks and rewards of ownership of these assets and accordingly whether the lease requires an asset and liability to be recognised in the statement of financial position.

MO LONDON BNK LTD

Notes to the Financial Statements

for the Period Ended 24 December 2024

  • 2. Employees

    18 months to 24 December 2024
    Average number of employees during the period 0

    The company has no employees. No remuneration is paid by MO LONDON BNK LTD to its directors. All directors are remunerated by other group companies and it is not possible to accurately apportion the remuneration received in respect of qualifying services to MO LONDON BNK LTD.

MO LONDON BNK LTD

Notes to the Financial Statements

for the Period Ended 24 December 2024

3. Debtors

18 months to 24 December 2024
£
Other debtors 111,982
Total 111,982
Debtors due after more than one year: 111,982

MO LONDON BNK LTD

Notes to the Financial Statements

for the Period Ended 24 December 2024

4. Creditors: amounts falling due within one year note

18 months to 24 December 2024
£
Other creditors 154,892
Total 154,892

Amounts owed to group companies 139,892 Amounts payable to group companies are repayable on demand and incur annual interest charge of EURIBOR +2%.