Ashley Hotels Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12505984

Ashley Hotels Management Limited

Filleted Financial Statements

For the year ended

31 December 2024

Ashley Hotels Management Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	6	8,620	–

Current assets

Debtors: due within one year	7	115,137	–
Debtors: due after more than one year	7	96,250	–
Cash at bank and in hand		13,693	–
		---------	----
		225,080	–

Creditors: amounts falling due within one year	8	203,352	24,999
		---------	--------
Net current assets/(liabilities)		21,728	( 24,999)
		--------	--------
Total assets less current liabilities		30,348	( 24,999)

Provisions	2,155	–
	--------	--------
Net assets/(liabilities)	28,193	( 24,999)
	--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	28,192	( 25,000)
	--------	--------
Shareholders funds/(deficit)	28,193	( 24,999)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Z Hirji

Director

Company registration number: 12505984

Ashley Hotels Management Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 65-67 Belgrave Road, London, SW1V 2BG. The company changed its name from Ashley Serviced Offices Limited on 4 January 2024.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

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

	Franchise fee	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2023: Nil).

5. Intangible assets

	Franchise fees
	£
Cost
At 1 January 2024 and 31 December 2024	25,000
	--------
Amortisation
At 1 January 2024 and 31 December 2024	25,000
	--------
Carrying amount
At 31 December 2024	–
	--------
At 31 December 2023	–
	--------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2024	–	–	–
Additions	7,441	1,179	8,620
	-------	-------	-------
At 31 December 2024	7,441	1,179	8,620
	-------	-------	-------
Depreciation
At 1 January 2024 and 31 December 2024	–	–	–
	-------	-------	-------
Carrying amount
At 31 December 2024	7,441	1,179	8,620
	-------	-------	-------
At 31 December 2023	–	–	–
	-------	-------	-------

7. Debtors

Debtors falling due within one year are as follows:

	2024	2023
	£	£
Other debtors	115,137	–
	---------	----

Debtors falling due after one year are as follows:

	2024	2023
	£	£
Other debtors	96,250	–
	--------	----

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	90,180	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	11,521	24,999
Social security and other taxes	64,866	–
Other creditors	36,785	–
	---------	--------
	203,352	24,999
	---------	--------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	180,000	–
Later than 1 year and not later than 5 years	671,000	–
Later than 5 years	1,996,000	–
	------------	----
	2,847,000	–
	------------	----

10. Summary audit opinion

The auditor's report dated 29 September 2025 was unqualified .

The senior statutory auditor was Jonathan Day , for and on behalf of Streets Audit LLP .

11. Related party transactions

The company has taken advantage of the exemptions available under FRS102 relating to the disclosure of related party transactions with other members of the Ashley Hotels (Holdings) Limited group.

12. Controlling party

The ultimate and immediate parent company is Ashley Hotels (Holdings) Limited, a company registered in England and Wales. The address of the registered office is 65-67 Belgrave Road, London, SW1V 2BG. Copies of the consolidated financial statements of Ashley Hotels (Holdings) Limited may be obtained from the registered office. There is no ultimate controlling party.