Company registration number 13567423 (England and Wales)
LONDON SILK HOTELS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
LONDON SILK HOTELS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
LONDON SILK HOTELS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,426,775
2,438,359
Current assets
Stocks
6,960
6,604
Debtors
4
95,360
35,648
Cash at bank and in hand
99,771
52,854
202,091
95,106
Creditors: amounts falling due within one year
5
(527,247)
(2,409,252)
Net current liabilities
(325,156)
(2,314,146)
Total assets less current liabilities
2,101,619
124,213
Creditors: amounts falling due after more than one year
6
(1,961,750)
-
0
Provisions for liabilities
(4,597)
(4,638)
Net assets
135,272
119,575
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
135,172
119,475
Total equity
135,272
119,575
LONDON SILK HOTELS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements were approved by the board of directors and authorised for issue on 9 October 2025 and are signed on its behalf by:
G Arksey
Director
Company Registration No. 13567423
LONDON SILK HOTELS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

London Silk Hotels Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o DoubleTree by Hilton Hotel, Nuthall Road, Nottingham, NG8 6AZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from sale of goods in the bar and restaurant is recognised when the goods are sold to the customer. Revenue from sale of goods on account are recognised at the end of the customer's stay or the date of the event.

Revenue from contracts for the provision of services is recognised on the date the service is provided to the customer. For weddings and events this is recognised on the date of the event. Revenue from accomodation is recognised on the date of the overnight stay.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on a straight line basis as follows:

Freehold property
Non depreciable asset
Property improvements
4 years useful life
Plant and equipment
3 years useful life
Fixtures and fittings
4 years useful life
Computers
3 years useful life

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

LONDON SILK HOTELS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from related party companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

LONDON SILK HOTELS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
46
51
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
2,420,985
61,076
2,482,061
Additions
9,774
14,593
24,367
At 31 December 2024
2,430,759
75,669
2,506,428
Depreciation and impairment
At 1 January 2024
18,551
25,151
43,702
Depreciation charged in the year
17,298
18,653
35,951
At 31 December 2024
35,849
43,804
79,653
Carrying amount
At 31 December 2024
2,394,910
31,865
2,426,775
At 31 December 2023
2,402,434
35,925
2,438,359
LONDON SILK HOTELS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
156
880
Other debtors
95,204
34,768
95,360
35,648
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
27,000
-
0
Trade creditors
58,303
63,911
Corporation tax
11,100
9,602
Other taxation and social security
85,958
74,516
Other creditors
344,886
2,261,223
527,247
2,409,252
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,961,750
-
0

Bank loans are secured by a fixed and floating charge over the company's assets.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
1,826,750
-
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