Belmont Hotel (Leicester) Limited

	Page
Strategic Report	1
Director's Report	2
Independent Auditor's Report	3—4
Profit and Loss Account	5
Statement of Comprehensive Income	6
Balance Sheet	7
Statement of Changes in Equity	8
Statement of Cash Flows	9
Notes to the Statement of Cash Flows	10
Notes to the Financial Statements	11—15

Opinion

We have audited the financial statements of Belmont Hotel (Leicester) Limited for the year ended 30 September 2024 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

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Independent Auditor's Report (continued)

to the Members of

Belmont Hotel (Leicester) Limited

Responsibilities of Directors

As explained more fully in the Director's Responsibilities Statement set out on page 2, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. We also considered the risk of management override of controls, including evaluating whether there was evidence of bias in estimates and judgements made by directors. We did not identify any key audit matters relating to irregularities, including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Graham Smith (Senior Statutory Auditor)

for and on behalf of Cunnington & Co Ltd , Statutory Auditor

30th September 2025

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Belmont Hotel (Leicester) Limited

Profit and Loss Account

For The Year Ended 30 September 2024

Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER	3	2,094,887	1,884,929
Cost of sales		(279,619 )	(257,561 )

GROSS PROFIT		1,815,268	1,627,368

Administrative expenses		(2,083,864 )	(2,025,726 )

OPERATING LOSS	4	(268,596 )	(398,358 )
Other interest receivable and similar income	8	412	118
Interest payable and similar charges	9	(7,588 )	(5,768 )

LOSS FOR THE FINANCIAL YEAR		(275,772 )	(404,008 )

The notes on pages 10 to 15 form part of these financial statements.

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Belmont Hotel (Leicester) Limited

Statement of Comprehensive Income

For The Year Ended 30 September 2024

Statement of Comprehensive Income

	2024	2023
	£	£
LOSS FOR THE FINANCIAL YEAR	(275,772 )	(404,008 )
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	(275,772 )	(404,008 )

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Belmont Hotel (Leicester) Limited

Balance Sheet

As At 30 September 2024

Balance Sheet

Registered number: 00531440

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	11		5,318,852		5,190,214
Investments	12		1,000		1,000

			5,319,852		5,191,214
CURRENT ASSETS
Stocks	13	12,786		9,976
Debtors	14	136,150		106,661
Cash at bank and in hand		42,236		5,080

		191,172		121,717
Creditors: Amounts Falling Due Within One Year	15	(508,651 )		(492,809 )

NET CURRENT ASSETS (LIABILITIES)			(317,479 )		(371,092 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,002,373		4,820,122

Creditors: Amounts Falling Due After More Than One Year	16		(4,587,472 )		(4,129,449 )

NET ASSETS			414,901		690,673

CAPITAL AND RESERVES
Called up share capital	17		12,673		12,673
Revaluation reserve			1,748,783		1,748,783
Capital redemption reserve			1,554		1,554
Profit and Loss Account			(1,348,109 )		(1,072,337 )

SHAREHOLDERS' FUNDS			414,901		690,673

On behalf of the board

Mr D Kotak

Director

30th September 2025

The notes on pages 10 to 15 form part of these financial statements.

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Belmont Hotel (Leicester) Limited

Statement of Changes in Equity

For The Year Ended 30 September 2024

Statement of Changes in Equity

	Share Capital	Revaluation reserve	Capital Redemption	Profit and Loss Account	Total
	£	£	£	£	£
As at 1 October 2022	12,673	1,748,783	1,554	(668,329 )	1,094,681
Loss for the year and total comprehensive income	-	-	-	(404,008 )	(404,008)

As at 30 September 2023 and 1 October 2023	12,673	1,748,783	1,554	(1,072,337 )	690,673


Loss for the year and total comprehensive income	-	-	-	(275,772 )	(275,772)

As at 30 September 2024	12,673	1,748,783	1,554	(1,348,109 )	414,901

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Belmont Hotel (Leicester) Limited

Statement of Cash Flows

For The Year Ended 30 September 2024

Statement of Cash Flows

		2024	2023
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	240,601	71,717
Interest paid		(7,588 )	(5,768 )

Net cash generated from operating activities		233,013	65,949

Cash flows from investing activities
Purchase of tangible assets		(139,312 )	(103 )
Interest received		412	118

Net cash (used in)/generated from investing activities		(138,900 )	15

Cash flows from financing activities
Repayment of bank borrowings		(44,445 )	(66,667 )



Increase/(decrease) in cash and cash equivalents		49,668	(703 )
Cash and cash equivalents at beginning of year	2	(7,432 )	(6,729 )

Cash and cash equivalents at end of year	2	42,236	(7,432 )

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Belmont Hotel (Leicester) Limited

Notes to the Statement of Cash Flows

For The Year Ended 30 September 2024

Notes to the Statement of Cash Flows

1. Reconciliation of loss for the financial year to cash generated from operations

	2024	2023
	£	£
Loss for the financial year	(275,772 )	(404,008 )
Adjustments for:
Interest expense	7,588	5,768
Interest income	(412 )	(118 )
Depreciation of tangible assets	10,674	7,706
Movements in working capital:
(Increase)/decrease in stocks	(2,810 )	8,620
(Increase)/decrease in trade and other debtors	(29,489 )	1,315
Increase in trade and other creditors	530,822	452,434

Net cash generated from operations	240,601	71,717

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2024	2023
	£	£
Cash at bank and in hand	42,236	5,080
Overdraft facilities repayable on demand	-	(12,512 )

Cash and cash equivalents as stated in the Statement of Cash Flows	42,236	(7,432)

3. Analysis of changes in net (debt)/funds

	As at 1 October 2023	Cash flows	As at 30 September 2024
	£	£	£
Cash at bank and in hand	5,080	37,156	42,236
Overdraft facilities repayable on demand	(12,512)	12,512	-

Cash and cash equivalents	(7,432 )	49,668	42,236
Debts falling due within one year	(44,445 )	44,445	-

	(51,877)	94,113	42,236

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Belmont Hotel (Leicester) Limited

Notes to the Financial Statements

For The Year Ended 30 September 2024

Notes to the Financial Statements

1. General Information

Belmont Hotel (Leicester) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00531440 . The registered office is Edward House Grange Business Park, Whetstone, Leicester, LE8 6EP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	NA
Leasehold	NA
Fixtures & Fittings	3 to 15 years

2.4. Investments

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Belmont Hotel (Leicester) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

3. Turnover

The whole of the turnover is attributable to the company’s principal activity.

All turnover arose within the United Kingdom.

	2024	2023
	£	£
Hotel income	2,094,887	1,884,929

4. Operating Loss

The operating loss is stated after charging:

	2024	2023
	£	£
Depreciation of tangible fixed assets	10,674	7,706

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2024	2023
	£	£
Audit Services
Audit of the company's financial statements	15,940	11,966

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2024	2023
	£	£
Wages and salaries	1,047,800	975,351
Social security costs	70,043	61,258
Other pension costs	18,975	16,565

	1,136,818	1,053,174

7. Average Number of Employees

Average number of employees, including directors, during the year was: 63 (2023: 65)

8. Interest Receivable and Similar Income

	2024	2023
	£	£
Bank interest receivable	412	118

9. Interest Payable and Similar Charges

	2024	2023
	£	£
Bank loans and overdrafts	539	5,027
Late payment tax charges	7,049	741

	7,588	5,768

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Belmont Hotel (Leicester) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

10. Tax on Profit

	2024	2023
The tax (credit)/charge on the loss for the year was as follows:
	£	£
Current tax
UK Corporation Tax	-	-


The actual (credit)/charge for the year can be reconciled to the expected credit for the year based on the loss and the standard rate of corporation tax as follows:
	2024	2023
	£	£
Profit before tax	(275,772)	(404,008)

Tax on profit at 0% (UK standard rate)	-	-
Total tax charge for the period	-	-

11. Tangible Assets

	Land & Property
	Freehold	Leasehold	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 October 2023	5,075,146	90,345	1,887,243	7,052,734
Additions	128,442	-	10,870	139,312

As at 30 September 2024	5,203,588	90,345	1,898,113	7,192,046

Depreciation
As at 1 October 2023	-	-	1,862,520	1,862,520
Provided during the period	-	-	10,674	10,674

As at 30 September 2024	-	-	1,873,194	1,873,194

Net Book Value
As at 30 September 2024	5,203,588	90,345	24,919	5,318,852

As at 1 October 2023	5,075,146	90,345	24,723	5,190,214

12. Investments

	Unlisted
	£
Cost
As at 1 October 2023	1,000

As at 30 September 2024	1,000

Provision
As at 1 October 2023	-

As at 30 September 2024	-

...CONTINUED

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Belmont Hotel (Leicester) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

Net Book Value
As at 30 September 2024	1,000

As at 1 October 2023	1,000

13. Stocks

	2024	2023
	£	£
Stock	12,786	9,976

14. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	35,819	36,934
Other debtors	100,331	69,727

	136,150	106,661

15. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	188,175	156,485
Bank loans and overdrafts	-	56,957
Other creditors	63,457	73,171
Taxation and social security	227,699	167,915
Accruals and deferred income	29,320	38,281

	508,651	492,809

16. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Amounts owed to participating interests	4,587,472	4,129,449

17. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
12,672 Ordinary Shares of £ 1.000 each	12,672	12,672

Preference Shares

	2024	2023
Allotted, called up and fully paid	£	£
1 Preference Shares of £ 1.000 each	1	1

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Belmont Hotel (Leicester) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

18. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £18,975 (2023: £0).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

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