Destination Hotels Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 06953325

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		7,485,824		7,485,824

			7,485,824		7,485,824
CURRENT ASSETS
Debtors	5	2,959,403		4,341,157
Cash at bank and in hand		43,357		70,215

		3,002,760		4,411,372
Creditors: Amounts Falling Due Within One Year	6	(3,780,060 )		(3,140,560 )

NET CURRENT ASSETS (LIABILITIES)			(777,300 )		1,270,812

TOTAL ASSETS LESS CURRENT LIABILITIES			6,708,524		8,756,636

Creditors: Amounts Falling Due After More Than One Year	7		(7,170,475 )		(8,778,908 )

NET LIABILITIES			(461,951 )		(22,272 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(462,051 )		(22,372 )

SHAREHOLDERS' FUNDS			(461,951)		(22,272)

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr H L Jaffer

Director

29 September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Destination Hotels Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06953325 . The registered office is Kirkland House, 11-15 Peterborough Road, Harrow, Middlesex, HA1 2AX.

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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

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

4. Investments

	Other
	£
Cost
As at 1 January 2024	7,485,824

As at 31 December 2024	7,485,824

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	7,485,824

As at 1 January 2024	7,485,824

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by participating interests	2,943,970	4,327,842
Other debtors	15,433	13,315

	2,959,403	4,341,157

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1	-
Bank loans and overdrafts	114,294	114,294
Amounts owed to group undertakings	3,426,115	2,976,716
Other creditors	239,650	49,550

	3,780,060	3,140,560

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Destination Hotels Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

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

	2024	2023
	£	£
Bank loans	1,475,870	2,976,358
Amounts owed to group undertakings	1,079,581	1,187,526
Other creditors	4,615,024	4,615,024

	7,170,475	8,778,908

The bank loan is secured by a fixed ans floating charge over all of the company's assets and first legal mortgage on the freehold property of its subsidiary, The Angel Hotel Chippenham Limited.

The bounce back loan is backed by the British Business Bank on behalf of and with the financial backing of the secratory of State for Business, Energy and Industrial Strategy.

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

The company has taken advantage of the exemption in Section 1A of FRS 102 in relation to dislocsing transactions with wholly owned group members.

The bank loan is secured by unlimited guarentee given to the bank by the following:

The Angel Hotel Chippenham Limited, the wholly owned subsidiary of the company.

Kendal Castle Limited, a company with common directors.

Castle Green Kendal Limited, a company with common directors.

10. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11. Audit Information

The auditor's report on the accounts of Destination Hotels Limited for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by F Meghani (Senior Statutory Auditor) for and on behalf of Fairman Harris , Statutory Auditor.

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