ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

As restated

Company registration number: 07785139

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	CAPITAL HILL HOTELS LIMITED


CAPITAL HILL HOTELS LIMITED

COMPANY INFORMATION

Directors	J Al-Thani
	F Bakhos
	D Pennington


Registered number	07785139


Registered office	67 Brook Street
	London
	W1K 4NJ


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


CAPITAL HILL HOTELS LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 4


CAPITAL HILL HOTELS LIMITED REGISTERED NUMBER:07785139

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		As restated
	2024	2023
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	146,830,713		146,553,759
Cash at bank and in hand		275,870		360,069
		147,106,583		146,913,828
Creditors: amounts falling due within one year	5	(1,250,787)		(1,106,559)
Net current assets			145,855,796		145,807,269
Total assets less current liabilities			145,855,796		145,807,269

Net assets			145,855,796		145,807,269

Capital and reserves
Allotted, called up and fully paid share capital	1	1
Other reserves	78,100,000	78,100,000
Profit and loss account	67,755,795	67,707,268
	145,855,796	145,807,269

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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

D Pennington

Director

Date: 30 September 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1


CAPITAL HILL HOTELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Capital Hill Hotels is a private company limited by shares and incorporated in England and Wales. The address of the registered office and principal place of business is given on the Company information page of these financial statements.
The significant accounting policies applied in the preparation of these financial statements are set out below.

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.

2.2

Going concern

As at the year end the Company had net assets of £145,855,796 (2023 - £145,807,269). For at least the next 12 months, due to cash generated from operations, the directors have a reasonable expectation that the Company has adequate resources to continue operational existence, and have support of its Parent Company. For this reason the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP and rounded to the nearest £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Revenue

Revenue is derived from the recharge of services and 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.

Page 2


CAPITAL HILL HOTELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Current and deferred taxation

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 reporting 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 reporting 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 reporting date.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Debtors

						As restated
					2024	2023
					£	£


Trade debtors	300,000	-
Amounts owed by group undertakings	145,612,407	145,936,067
Other debtors	35,007	112,382
Prepayments and accrued income	883,299	505,310
	146,830,713	146,553,759

The amounts owed by group undertakings are interest free and repayable on demand.

Page 3


CAPITAL HILL HOTELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Trade creditors	669,081	532,055
Other creditors	42,360	42,360
Accruals and deferred income	539,346	532,144
	1,250,787	1,106,559

6.	Prior year adjustment

During the year, it was identified that an accrual for services rendered in 2023 was omitted from the prior year financial statements. The impact of this adjustment is that administrative expenses and accruals for the year ended 31 December 2023 have each increased by £491,798.
It was also identified that accrued income relating to sales in 2023 had not been recognised in the prior year accounts. Consequently, sales and accrued income for the year ended 31 December 2023 have each increased by £483,333.
The net impact on retained earnings is therefore a reduction of £8,465. There is no material tax impact as a result of this adjustment.

7.	Related party transactions
	The Company has taken advantage of the exemption available within FRS 102 Section 33.1A, from disclosing transactions entered into with entities which are a wholly owned part of a the group.

8.	Parent company

The Company's immediate parent is Constellation Hotels Holding Limited S.C.A, a Company registered in Luxembourg, the address being 15 Boulevard, Roosevelt L-2450, Luxembourg.
Constellation Hotels Limited S.C.A is the smallest entity which includes the results of Company for which consolidated accounts are prepared. Copies of the group accounts can be obtained from 15 Boulevard Roosevelt L-2450, Luxembourg.

9.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 30 September 2025 by Menzies LLP.

Page 4