Lemo Hotels Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09085603

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		2,154,521		2,466,929

			2,154,521		2,466,929
CURRENT ASSETS
Stocks	4	8,010		8,125
Debtors	5	603,843		5,142,696
Cash at bank and in hand		370,817		387,820

		982,670		5,538,641
Creditors: Amounts Falling Due Within One Year	6	(7,848,659 )		(5,311,652 )

NET CURRENT ASSETS (LIABILITIES)			(6,865,989 )		226,989

TOTAL ASSETS LESS CURRENT LIABILITIES			(4,711,468 )		2,693,918

Creditors: Amounts Falling Due After More Than One Year	7		(3,451 )		(7,118,598 )

NET LIABILITIES			(4,714,919 )		(4,424,680 )

CAPITAL AND RESERVES
Called up share capital	8		4		4
Profit and Loss Account			(4,714,923 )		(4,424,684 )

SHAREHOLDERS' FUNDS			(4,714,919)		(4,424,680)

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Lemo Hotels Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Mrs Leyla Kazemi

Director

30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. Accounting Policies

1.1. 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.

1.2. 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.

1.3. 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:

Leasehold	33% Straightline
Plant & Machinery	20% Straightline
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	33% Straightline

1.4. 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 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.

2. Average Number of Employees

Average number of employees, including directors, during the year were 41 (2023: 17)

3. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	-	13,675	3,517,578	4,686	3,535,939
Additions	56,861	-	381,631	64,815	503,307

As at 31 December 2024	56,861	13,675	3,899,209	69,501	4,039,246

Depreciation
As at 1 January 2024	-	13,675	1,051,503	3,832	1,069,010
Provided during the period	18,764	-	775,142	21,809	815,715

As at 31 December 2024	18,764	13,675	1,826,645	25,641	1,884,725

...CONTINUED

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Lemo Hotels Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	38,097	-	2,072,564	43,860	2,154,521

As at 1 January 2024	-	-	2,466,075	854	2,466,929

4. Stocks

	2024	2023
	£	£
Stock - food and beverages	8,010	8,125

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	353,843	4,942,696
Amounts owed by group undertakings	250,000	200,000

	603,843	5,142,696

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	6,229,325	3,322,607
Other taxes and social security	8,204	1,638
VAT	172,460	83,133
Other creditors	361,164	655,701
Accruals and deferred income	59,542	59,542
Directors' loan accounts	518,549	643,549
Amounts owed to group undertakings	499,415	545,482

	7,848,659	5,311,652

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

	2024	2023
	£	£
Other creditors	3,451	13,451
Other creditors (1)	-	7,105,147

	3,451	7,118,598

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	4	4

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Lemo Hotels Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Related Party Transactions

Leyla Kazemi & Nazila Kazemi

Leyla Kazemi & Nazila Kazemii are the directors of the company.

As at the balance sheet date, the amount owed to the directors were £518,548.64 (2023: £643,548.64).

Shana Hotels Ltd

Shana Hotels Ltd is a subsidiary of Lefar Group Ltd.

Included within 'Amounts owed by group undertakings' is the amount of £250,000 (2023: £200,000) owed from Shana Hotels Ltd.

Lefar Hotels Ltd

Lefar Hotels Ltd is a subsidiary of Lefar Group Ltd.

Included within 'Amounts owed to group undertakings' is the amount of £260,914.59 (2023: £257,482.35) owed to Lefar Hotels Ltd..

Gladewall Ltd

Gladewall Ltd is a subsidiary of Lefar Group Ltd.

Included within 'Amounts owed to group undertakings' is the amount of £238,500 (2023: £288,000) owed to Gladewall Ltd.

10. General Information

Lemo Hotels Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09085603 . The registered office is 5 Zetland House, Marloes Road, London, England, W8 5LB.

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