REGISTERED NUMBER: 10365998 (England and Wales)

Financial Statements

for the Year Ended 30 December 2024

for

Hull Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L M Hall

D A Wann

REGISTERED OFFICE:

The Circus

Belton Park Road

Skegness

Lincolnshire

PE25 1GU

REGISTERED NUMBER:

10365998 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Investments

4

200

200

CURRENT ASSETS

Debtors

5

15,795,907

16,278,047

Cash at bank

93,865

157,752

15,889,772

16,435,799

CREDITORS

Amounts falling due within one year

6

1,215,460

1,206,419

NET CURRENT ASSETS

14,674,312

15,229,380

TOTAL ASSETS LESS CURRENT LIABILITIES

14,674,512

15,229,580

CREDITORS

Amounts falling due after more than one year

7

14,281,899

15,667,108

NET ASSETS/(LIABILITIES)

392,613

(437,528

)

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

391,613

(438,528

)

SHAREHOLDERS' FUNDS

392,613

(437,528

)

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

L M Hall - Director

D A Wann - Director

1.	STATUTORY INFORMATION

Hull Holdings 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in subsidiaries are initially valued at cost and reviewed annually for signs of impairment. If an impairment loss is identified, this is recognised immediately in the income statement and the value of the investment is reduced accordingly.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans with related parties.

All financial assets and liabilities are initially measured at transaction price and are subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the amount that the company would receive for the asset if it were to be sold at the statement of financial position date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 31 December 2023

and 30 December 2024

200

NET BOOK VALUE

At 30 December 2024

200

At 30 December 2023

200

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Brayford Hotel Hull Ltd

Registered office: The Circus, Belton Park Road, Skegness, PE25 1GU

Nature of business: Hotels & Accommodation

%

Class of shares:

holding

Ordinary

100.00

Ferensway Hotels Ltd

Registered office: The Circus, Belton Park Road, Skegness, PE25 1GU

Nature of business: Other Letting

%

Class of shares:

holding

Ordinary

100.00

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

5,438,222

5,438,222

Amounts falling due after more than one year:

Amounts owed by group undertakings

10,357,685

10,839,825

Aggregate amounts

15,795,907

16,278,047

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

443,464

432,167

Trade creditors

-

13

Other creditors

771,996

774,239

1,215,460

1,206,419

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

10,372,454

10,827,215

Amounts owed to group undertakings

3,709,445

4,639,893

Other creditors

200,000

200,000

14,281,899

15,667,108

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

10,815,918

11,259,382

The debt is secured upon the hotel property held by the subsidiary Ferensway Hotels Limited and an unlimited cross guarantee between the company, its ultimate parent company and its fellow subsidiaries. There are also personal guarantees to the value of £800,000 given by the directors L M Hall and D A Wann.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shaw BSc FCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Brayford Hotel Holdings Limited the registered office address is Unit 1, The Circus, Belton Park Road, Skegness, PE25 1GU.