ACCOUNTS - Final Accounts preparation

Registered number: 14582759

ONE EIGHT HOTELS LONDON LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


ONE EIGHT HOTELS LONDON LTD

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


ONE EIGHT HOTELS LONDON LTD REGISTERED NUMBER:14582759

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4		480		674
Current liabilities
Creditors: amounts falling due within one year	5	(6,238)		(2,444)
Net current liabilities			(5,758)		(1,770)
Creditors: amounts falling due after more than one year	6		(3,471)		(3,487)

Net liabilities			(9,229)		(5,257)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(9,230)	(5,258)
		(9,229)	(5,257)

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 September 2025.

Minas Terlidis

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


ONE EIGHT HOTELS LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

One Eight Hotels London Ltd is a private limited liability company registered in England and Wales. It's registered office is at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
The intention is for the principal activity of the company to become the operation and development of hotels. During the year the company was actively seeking opportunities to purchase its first hotel.
The company's functional and presentational currency is £ sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The company has made a loss for the period and at the reporting date has net current liabilities and net liabilities. The controlling party has confirmed that the company has the ability and will continue to provide financial support to the company so that it will be able to meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Therefore the accounts have been prepared under the going concern basis.

2.3

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

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ONE EIGHT HOTELS LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transactions costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors, other debtors and loans to related parties.

3.	Employees
	The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Debtors

					2024	2023
					£	£


Other debtors	480	674

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ONE EIGHT HOTELS LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	1,690	624
Accruals	4,548	1,820
	6,238	2,444

6.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

	Loan owed to group undertakings	3,471	3,487

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1 Ordinary share of £1 each	1	1

8.	Parent undertaking

The immediate parent undertaking is Bohopo Hotel Operations Ltd, a company registered in Cyprus. It's registered office address is 11 Kyriakou Matsi Avenue, Nikis Center, Office 702, 7th Floor, 1082 Nicosia, Cyprus.
The ultimate parent undertaking is Bohopo Ltd (formerly known as Bohopo Holdings Ltd), a company registered in Cyprus. It's registered office address is 11 Kyriakou Matsi Avenue, Nikis Center, Office 702, 7th Floor, 1082 Nicosia, Cyprus.

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 3 September 2025 by Martyn Atkinson FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

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