Company No: 05968500 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Current assets
Debtors	3	1,942,993		1,942,993
		1,942,993		1,942,993
Creditors: amounts falling due within one year	4	( 1,891,340)		( 1,891,340)
Net current assets		51,653		51,653
Total assets less current liabilities		51,653		51,653
Net assets		51,653		51,653
Capital and reserves
Called-up share capital	5	20		20
Profit and loss account		51,633		51,633
Total shareholders' funds		51,653		51,653

For the financial 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.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Pedersen (Newport) Limited (registered number: 05968500) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

N J Gourgey Director

22 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pedersen (Newport) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 48 Rochester Row, London SW1P 1JU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	3		3

3. Debtors

	2024		2023
	£		£
Amounts owed by group undertakings	129,000		129,000
Other debtors	1,813,993		1,813,993
	1,942,993		1,942,993

4. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to group undertakings	1,851,339		1,851,339
Other creditors	40,001		40,001
	1,891,340		1,891,340

5. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
19 A ordinary shares of £ 1.00 each	19		19
1 B ordinary share of £ 1.00	1		1
	20		20

There are two classes of Ordinary shares. Neither classes have restrictions on the distribution of dividends or the repayment of capital.

6. Ultimate controlling party

Parent Company:

Riverbank Hotels Ltd

48 Rochester Row, London SW1P 1JU

The ultimate parent undertaking is Bankside Hotels Ltd, registered in England and Wales under company number 03214531 with the registered office address as 48 Rochester Row, London SW1P 1JU.

There is no ultimate controlling party.