REGISTERED NUMBER: 04578597

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

54 QUEEN'S GATE HOTEL REVERSIONARY

COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M M I Mohamed

S Locke

SECRETARY:

S Locke

REGISTERED OFFICE:

54 Queen's Gate

London

SW7 5JW

REGISTERED NUMBER:

04578597

ACCOUNTANTS:

Sage & Co

Chartered Accountants

40 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Tangible assets

4

520,712

525,823

CREDITORS

Amounts falling due within one year

5

634,005

634,005

NET CURRENT LIABILITIES

(634,005

)

(634,005

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(113,293

)

(108,182

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

(113,294

)

(108,183

)

SHAREHOLDERS' FUNDS

(113,293

)

(108,182

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 26 September 2025 and were signed on its behalf by:

S Locke - Director

1.	STATUTORY INFORMATION

54 Queen's Gate Hotel Reversionary Company Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Going concern

The company has been funded by an interest free loan from its parent company. The amount owed at the balance sheet date was £634,005 and is included in current liabilities. There are no fixed repayment terms and the parent company is not expected to request repayments until the company's cash flow allows. Due to this parent company support, the directors believe it is appropriate to continue preparing the financial statements on a going concern basis.

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.

Tangible fixed assets

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Reversionary Interest in Property - 2% Straight Line

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2024

and 31 December 2024

634,006

DEPRECIATION

At 1 January 2024

108,183

Charge for year

5,111

At 31 December 2024

113,294

NET BOOK VALUE

At 31 December 2024

520,712

At 31 December 2023

525,823

54 Queen's Gate Hotel Property Company Limited holds the 999 year head lease of the freehold property. 54 Queen's Gate Hotel Nominee 1 Limited and 54 Queen's Gate Hotel Nominee 2 Limited jointly hold the legal title to the lease held by the above company. The company holds the legal and beneficial title to the reversionary freehold interest to the property.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

634,005

634,005

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

7.	CONTINGENT LIABILITIES

The company and other group companies within the UK operate a combined value added tax (VAT) registration and therefore there is a contingent liability for any unpaid VAT arising in other UK group companies.

The company has given a guarantee supported by debentures over company assets and a first legal charge over its property in respect of the bank borrowings of a group company.