Company No: 05968505 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Investments	3	1		1
		1		1
Current assets
Debtors	4	4,213		4,213
		4,213		4,213
Creditors: amounts falling due within one year	5	( 2,188,166)		( 2,188,166)
Net current liabilities		(2,183,953)		(2,183,953)
Total assets less current liabilities		(2,183,952)		(2,183,952)
Net liabilities		( 2,183,952)		( 2,183,952)
Capital and reserves
Called-up share capital	6	20		20
Profit and loss account		( 2,183,972 )		( 2,183,972 )
Total shareholders' deficit		( 2,183,952)		( 2,183,952)

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 (Swansea) Limited (registered number: 05968505) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Neil Joseph 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 (Swansea) 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.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

2. Employees

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

3. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	1
At 31 December 2024	1
Carrying value at 31 December 2024	1
Carrying value at 31 December 2023	1

4. Debtors

	2024		2023
	£		£
Other debtors	4,213		4,213

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to group undertakings	2,181,024		2,181,024
Other creditors	7,142		7,142
	2,188,166		2,188,166

6. Called-up share capital

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

7. Ultimate controlling party

Parent Company:

Riverbank Hotels Ltd

48 Rochester Row, London, England, SW1P 1JU

The ultimate parent undertaking is Bankside Hotels Ltd, whose registered office is at 48 Rochester Row, London, England, SW1P 1JU. There is no controlling party.