ACCOUNTS - Final Accounts

Company registration number: 14819224

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	CONSTELLATION RFB LIMITED


CONSTELLATION RFB LIMITED

COMPANY INFORMATION

Directors	H. E. Sheikh M. bin H. bin J. Al-Thani
	D. Pennington
	N. Rouzaud
	B. Weston
	F. Bakhos


Registered number	14819224


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


CONSTELLATION RFB LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 5


CONSTELLATION RFB LIMITED REGISTERED NUMBER:14819224

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		As restated
	2024	2023
Note	£	£


Current assets
Debtors: amounts falling due within one year	5	244,804		88,305
		244,804		88,305
Creditors: amounts falling due within one year	6	(601,463)		(137,652)
Net current liabilities			(356,659)		(49,347)
Total assets less current liabilities			(356,659)		(49,347)

Net liabilities			(356,659)		(49,347)

Capital and reserves
Allotted, called up and fully paid share capital	1	1
Profit and loss account	(356,660)	(49,348)
	(356,659)	(49,347)

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 5 form part of these financial statements.

Page 1


CONSTELLATION RFB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Constellation RFB Limited is a private Company limited by shares and incorporated in England and Wales. The address of the registered office is given on the company information page of these financial statements and its principal place of business is The Connaught, Carlos Place, London W1K 2AL.

2.	Reporting period

The financial statements are prepared for the year ended 31 December 2024. However, the prior period was prepared from the date of incorporation on 21 April 2023 to 31 December 2023. This was to bring the year end in line with the Group. Therefore, the figures are not directly comparable.

3.Accounting policies

3.1

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

3.2

Going concern

As at 31 December 2024 the Company had net current liabilities of £356,659 (2023 - £49,347 restated). The Company relies upon the continuing support of the parent company who has expressed willingness to provide such support for the foreseeable future to enable the Company to continue operations.
Consequently, the directors adopt the going concern basis of accounting in preparing the financial statements.

3.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentation 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'.

Page 2


CONSTELLATION RFB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

3.4

Turnover

Turnover is recognised in relation to amounts receivable for pastry chef services provided to the Connaught Hotel Patisserie, to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3.5

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 other creditors as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

3.6

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 the directors, during the year was 4 (2023 - 4).

5.	Debtors: amounts falling due within one year

					2024	As restated 2023
					£	£


Prepayments and accrued income	244,804	88,305
	244,804	88,305

Page 3


CONSTELLATION RFB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: amounts falling due within one year
		2024	2023
		£	£

Trade creditors	5,245	21,307
Amounts owed to group undertakings	563,862	93,831
Other taxation and social security	10,706	10,264
Other creditors	11,200	2,400
Accruals and deferred income	10,450	9,850
	601,463	137,652

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

7.	Prior year adjustment

During the year, it was 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 £88,305. This has increased retained earnings by £88,305. There is no tax impact as a result of this adjustment.

8.	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 £4,400 (2023 - £1,200). Contributions totalling £11,200 (2023 - £2,400) are payable to the fund at the reporting date and are included in creditors.

9.	Related party transactions
	The Company is exempt from disclosing relation party transactions undertaken with other wholly owned members of the group that have been concluded under normal market conditions. At the year end there was an outstanding balance owed to a company under common control of £563,862 (2023 - £93,831).

10.	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.

Page 4


CONSTELLATION RFB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

11.	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 Caroline Milton (Senior statutory auditor) on behalf of Menzies LLP.

Page 5