ACCOUNTS - Final Accounts preparation

An analysis of turnover by class of business is as follows:

Registered number: 07613798

SUTTON COLDFIELD HOTEL LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

SUTTON COLDFIELD HOTEL LIMITED

COMPANY INFORMATION

Directors	Balkar S Johal
	Balraj S Johal
	Jasbir S Johal
	Iqbal S Johal
	Sarnpal S Johal


Company secretary	Iqbal S Johal


Registered number	07613798


Registered office	Savera Hotel Long Drive
	Station Approach
	South Ruislip
	HA4 0HG


Independent auditors	Adler Shine LLP
	Chartered Accountants & Statutory Auditor
	Aston House
	Cornwall Avenue
	London
	N3 1LF

SUTTON COLDFIELD HOTEL LIMITED

CONTENTS

	Page
Strategic Report	1
Directors' Report	2 - 3
Independent Auditors' Report	4 - 7
Profit and Loss Account	8
Statement of Comprehensive Income	9
Balance Sheet	10
Statement of Changes in Equity	11
Notes to the Financial Statements	12 - 21

SUTTON COLDFIELD HOTEL LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Introduction

The principal activity of the company is the operation of a hotel.

Business review

The company plans to continue to provide asylum accommodation services and expects to continue to see demand grow in the coming years as there is still significant demand to accommodate asylum seekers on a short term basis.

Principal risks and uncertainties

Liquidity risk
The company is undergoing a period of growing profits. The funds have been invested in reducing a significant amount of the company debt, meaning liquidity risk has diminished significantly.
Employee turnover
The success of the business is partly dependent on key members of staff and failure to retain key personnel could impact the quality of service. The company limits this risk by implementing appropriate performance management rewards and incentives, and through offering comprehensive training programmes.
Competition risk
Maintaining strong relationships with the government contract provider, whilst maintaining the quality of service has mitigated the risk of competitive bids who may look to undercut the current agreed rates, whilst reducing the company’s debts ensures it is prepared for all new ventures and opportunities as they arise.

Financial key performance indicators

The directors are of the opinion that the financial key performance indicators for assessing the company are turnover, gross margin (GM) and operating margin (OM).
Turnover: £9,084k (2023: £9,757k)
GM 79% (2023: 79%)
OM: 63% (2023: 65%)
As set out in the business review above, the hotel is operating with strong and reliable revenue but must ensure vigilant cost controls, which are reflected in the financial KPIs. Considering this, the directors are satisfied with the results and KPIs for the year under review.

Other key performance indicators

The directors are of the opinion that other key performance indicators for assessing the company are customer satisfaction levels.

This report was approved by the board and signed on its behalf.

Jasbir S Johal

Director

Date: 30 September 2025

Page 1

SUTTON COLDFIELD HOTEL LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £4,242,059 (2023 - £4,583,509).

Dividends for the year amounted to £1,850,000 (2023: £Nil).

Directors

The directors who served during the year were:

Balkar S Johal

Balraj S Johal

Jasbir S Johal

Iqbal S Johal

Sarnpal S Johal

Future developments

The Directors are not aware, at the date of this report, of any likely major changes in the Company's future activities.

Page 2

SUTTON COLDFIELD HOTEL LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

The auditors, Adler Shine LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

Jasbir S Johal

Director

Date: 30 September 2025

Page 3

SUTTON COLDFIELD HOTEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SUTTON COLDFIELD HOTEL LIMITED

Opinion

We have audited the financial statements of Sutton Coldfield Hotel Limited (the 'Company') for the year ended 31 December 2024, which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit 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 Auditors' 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 United Kingdom, including the Financial Reporting Council'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 directors' 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 Company's ability to continue as a going concern for a period of at least twelve 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.

Page 4

SUTTON COLDFIELD HOTEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SUTTON COLDFIELD HOTEL LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are 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. 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 course of 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.

Opinion 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 the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic Report and the Directors' 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 Directors' 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 and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are 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 directors 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 directors are 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.

Page 5

SUTTON COLDFIELD HOTEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SUTTON COLDFIELD HOTEL LIMITED (CONTINUED)

Auditors' 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 Auditors' 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.

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

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have:
• considered the nature of the industry and sectors, control environment and business performance;
• made enquires of management about their own identification and assessment of the risk of irregularities;
• performed audit work over the risk of management override of controls, including testing of journal entries
and other adjustments for appropriateness and reviewing accounting estimates for bias;
• reviewed minutes of meetings;
• undertaken appropriate sample based testing of bank transactions;
• identified and evaluated compliance with relevant laws and regulations and made enquiries of any instances of non-compliance; The key laws and regulations we considered in this context included UK Companies Act, data protection, anti bribery, employment law, health and safety and Money Laundering Act.
• discussed matters among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicators of fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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

Page 6

SUTTON COLDFIELD HOTEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SUTTON COLDFIELD HOTEL LIMITED (CONTINUED)

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 we are required to state to them in an Auditors' 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.

Engin Zekia Bsc FCA (Senior Statutory Auditor)

for and on behalf of

Adler Shine LLP

Chartered Accountants

Statutory Auditor

Aston House

Cornwall Avenue

London

N3 1LF

30 September 2025

Page 7

SUTTON COLDFIELD HOTEL LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

	2024	2023
Note	£	£


Turnover	3	9,083,918	9,756,593
Cost of sales		(1,906,175)	(2,008,147)
Gross profit		7,177,743	7,748,446
Administrative expenses		(1,492,246)	(1,419,562)
Operating profit		5,685,497	6,328,884
Interest payable and similar expenses	7	(185,458)	(85,062)
Profit before tax		5,500,039	6,243,822
Tax on profit	8	(1,257,980)	(1,660,313)
Profit for the financial year		4,242,059	4,583,509

The notes on pages 12 to 21 form part of these financial statements.

Page 8

SUTTON COLDFIELD HOTEL LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2024

				2024	2023
				£	£

Profit for the financial year	4,242,059	4,583,509
Other comprehensive income
Unrealised surplus on revaluation of tangible fixed assets	80,000	-
Other comprehensive income for the year	80,000	-
Total comprehensive income for the year	4,322,059	4,583,509

The notes on pages 12 to 21 form part of these financial statements.

Page 9

SUTTON COLDFIELD HOTEL LIMITED

REGISTERED NUMBER: 07613798

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	9		8,117,630		8,148,007
			8,117,630		8,148,007
Current assets
Stocks		11,475		15,170
Debtors: amounts falling due within one year	10	12,850,828		10,830,697
Cash at bank and in hand	11	3,673,339		2,953,016
		16,535,642		13,798,883
Creditors: amounts falling due within one year	12	(9,752,841)		(9,562,970)
Net current assets			6,782,801		4,235,913
Total assets less current liabilities			14,900,431		12,383,920
Provisions for liabilities
Deferred tax	13	(745,360)		(700,908)
			(745,360)		(700,908)
Net assets			14,155,071		11,683,012

Capital and reserves
Called up share capital	2	2
Revaluation reserve	2,182,724	2,102,724
Profit and loss account	11,972,345	9,580,286
	14,155,071	11,683,012

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Jasbir S Johal

Director

Date: 30 September 2025

The notes on pages 12 to 21 form part of these financial statements.

Page 10

SUTTON COLDFIELD HOTEL LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2023	2	2,270,942	4,828,559	7,099,503
Comprehensive income for the year
Profit for the year	-	-	4,583,509	4,583,509
Transfer to/from profit and loss account	-	(168,218)	168,218	-

At 1 January 2024	2	2,102,724	9,580,286	11,683,012
Comprehensive income for the year
Profit for the year	-	-	4,242,059	4,242,059
Revaluation of freehold property	-	80,000	-	80,000
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(1,850,000)	(1,850,000)
At 31 December 2024	2	2,182,724	11,972,345	14,155,071

The notes on pages 12 to 21 form part of these financial statements.

Page 11

SUTTON COLDFIELD HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Sutton Coldfield Hotel Limited is a private company limited by shares, incorporated in England and Wales and the address of its registered office is Savera Hotel Long Drive, Station Approach, South Ruislip, HA4 0HG.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 12

SUTTON COLDFIELD HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Freehold buildings	-		50 years
				Fixtures and fittings	-		25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 13

SUTTON COLDFIELD HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 14

SUTTON COLDFIELD HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Hotel accommodation	9,083,918	9,756,593
	9,083,918	9,756,593

All turnover arose within the United Kingdom.

Page 15

SUTTON COLDFIELD HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Fees payable to the Company's auditors for the audit of the Company's financial statements

10,000

20,000

5.	Employees
	Staff costs, including directors' remuneration, were as follows:


		2024	2023
		£	£


Wages and salaries	1,478,982	1,222,664
Social security costs	135,466	101,790
Cost of defined contribution scheme	12,851	11,455
	1,627,299	1,335,909

The average monthly number of employees, including directors, during the year was 53 (2023 - 50).

6.	Directors' remuneration
		2024	2023
		£	£

Directors' emoluments	580,000	397,500
	580,000	397,500

The highest paid director received remuneration of £116,000 (2023 - £79,500).

All the Directors received equal remuneration of £116,000 (2023 - £79,500).

Page 16

SUTTON COLDFIELD HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Interest payable and similar expenses
		2024	2023
		£	£

Bank interest payable	-	382
Other interest - on overdue tax	185,458	84,680
	185,458	85,062

Corporation tax
Current tax on profits for the year	1,213,528	1,492,095
	1,213,528	1,492,095

Total current tax	1,213,528	1,492,095

Deferred tax
Changes to tax rates	44,452	168,218
Total deferred tax	44,452	168,218


		1,257,980	1,660,313

Page 17

SUTTON COLDFIELD HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.Taxation (continued)

Profit on ordinary activities before tax

5,500,039

6,243,822

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 25%)	1,375,010	1,468,578
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	29,351	27,441
Capital allowances for year in excess of depreciation	(6,506)	(2,597)
Increase or decrease in pension fund prepayment leading to an increase (decrease) in tax	23	50
Other timing differences leading to an increase (decrease) in deferred taxation	46,365	168,218
Group relief	(186,263)	(1,377)
Total tax charge for the year	1,257,980	1,660,313

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 18

SUTTON COLDFIELD HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Tangible fixed assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 January 2024	8,000,000	807,700	8,807,700
Additions	-	7,240	7,240
Revaluations	80,000	-	80,000
At 31 December 2024	8,080,000	814,940	8,894,940
Depreciation
At 1 January 2024	-	659,691	659,691
Charge for the year on owned assets	80,000	37,619	117,619
At 31 December 2024	80,000	697,310	777,310
Net book value
At 31 December 2024	8,000,000	117,630	8,117,630
At 31 December 2023	8,000,000	148,008	8,148,008

The historic cost of the freehold property is £5,196,369 (2023: £5,196,369).

10.

Debtors

					2024	2023
					£	£


Other debtors	12,735,266	10,681,147
Prepayments and accrued income	115,562	149,550
	12,850,828	10,830,697

11.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	3,673,339	2,953,016

Page 19

SUTTON COLDFIELD HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

12.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	30,132	323,838
Amounts owed to group undertakings	7,608,410	7,225,479
Corporation tax	1,727,226	1,492,095
Other taxation and social security	322,866	333,169
Other creditors	7,662	8,517
Accruals and deferred income	56,545	179,872
	9,752,841	9,562,970

13.	Deferred taxation

		2024
		£

	At beginning of year	(700,908)
	Charged to profit or loss	(44,452)
	At end of year	(745,360)

The provision for deferred taxation is made up as follows:
	2024	2023
	£	£

	Valuation	(745,360)	(700,908)
		(745,360)	(700,908)

14.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,851 (2023: £11.455). Contributions totalling £3,170 (2023: £2,938) were payable to the fund at the balance sheet date and are included in creditors

Page 20

SUTTON COLDFIELD HOTEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15.

Related party transactions

The company has taken advantage of exemptions available from disclosing transactions with wholly owned members of the group.
Related parties include entities under the common control of the directors. At the balance sheet date, the total amount due from connected entities was £12,375,265 (2023: £10,681,142) and the total amount due to connected entities was £7,633,903 (2023: £7,229,972). These are interest free and repayable on demand.

16.	Controlling party

The immediate parent company is Savera Group UK Limited, a company incorporated in England and Wales.
The smallest and largest group in which the results of the company are included are the consolidated financial statements of Savera Group UK Limited and these can be obtained from Companies House.

Page 21