Park Hotels Holding UK Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13492504

		31 December 2024		31 December 2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		314		314

			314		314
CURRENT ASSETS
Debtors	5	26,165,153		22,109,869
Cash at bank and in hand		528,109		89,596

		26,693,262		22,199,465
Creditors: Amounts Falling Due Within One Year	6	(27,209,639 )		(22,218,762 )

NET CURRENT ASSETS (LIABILITIES)			(516,377 )		(19,297 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(516,063 )		(18,983 )

Creditors: Amounts Falling Due After More Than One Year	7		(809,872 )		(750,000 )

NET LIABILITIES			(1,325,935 )		(768,983 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(1,326,035 )		(769,083 )

SHAREHOLDERS' FUNDS			(1,325,935)		(768,983)

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Park Hotels Holding UK Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paulus Steeghs

Director

18th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Park Hotels Holding UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13492504 . The registered office is Castle House, Castle Street, Guildford, Surrey, GU1 3UW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.3. Investments

Company Investments in subsidiary companies are held at cost less accumulated impairment losses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Investments

	Listed
	£
Cost
As at 1 January 2024	314

As at 31 December 2024	314

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	314

As at 1 January 2024	314

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Park Hotels Holding UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	31 December 2024	31 December 2023 as restated
	£	£
Due within one year
Amounts owed by group undertakings	26,149,788	22,096,085
Other debtors	15,365	13,784

	26,165,153	22,109,869

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023 as restated
	£	£
Trade creditors	169,386	113,672
Amounts owed to group undertakings	27,034,253	22,100,518
Other creditors	6,000	4,572

	27,209,639	22,218,762

7. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023 as restated
	£	£
Other loans	809,872	750,000

8. Secured Creditors

A loan in a group company is secured by a fixed and floating charge over the company's assets.

9. Share Capital

	31 December 2024	31 December 2023 as restated
	£	£
Allotted, Called up and fully paid	100	100

10. Ultimate Controlling Party

The company's ultimate controlling party is Jonathan Steiner by virtue of his ownership of 99% of the issued share capital in the company.

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Park Hotels Holding UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

11. Going Concern

As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to support the company for the foreseeable future.