REGISTERED NUMBER: 12810417 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

SCT5 HOTEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J S Saggar

M W Hills

R K Allan

SECRETARY:

VG Secretaries Limited

REGISTERED OFFICE:

1 Pall Mall

London

SW1Y 5AU

REGISTERED NUMBER:

12810417 (England and Wales)

CURRENT ASSETS

Debtors

4

154,997

171,182

Cash at bank

2,769,260

3,747,698

2,924,257

3,918,880

CREDITORS

Amounts falling due within one year

5

2,365,370

1,919,708

NET CURRENT ASSETS

558,887

1,999,172

TOTAL ASSETS LESS CURRENT LIABILITIES

558,887

1,999,172

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

558,886

1,999,171

SHAREHOLDERS' FUNDS

558,887

1,999,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by:

M W Hills - Director

1.	STATUTORY INFORMATION

SCT5 HOTEL LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other assets

37,629

37,629

Debtors third party

-

40,646

Deferred costs

93,937

-

Prepayments

23,431

92,907

154,997

171,182

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other loans

216,573

215,373

Trade creditors

159,884

8,651

Tax

217,054

-

VAT

116,990

309,003

Other creditors

39,483

37,298

Deferred income

718,146

736,560

Accrued expenses

897,240

612,823

2,365,370

1,919,708

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1

7.	RELATED PARTY DISCLOSURES

At the year end there was a loan balance due totalling £216,373 (2023: £215,373) to its parent company, SCT5 Properties Limited, a company registered in Jersey. The loan is unsecured, interest free and payable on demand.

VG Trust & Corporate Services Limited (VGTCSL), as owner of the entire issued share capital of VG Corporate Director One Limited and VG Corporate Two Limited, received administration, accountancy fees and disbursements of £15,144 for the year ended 31 December 2024 (2023: £17,321).

The directors do not consider that there are any significant related party transactions or balances not disclosed in these financial statements.

8.	ULTIMATE CONTROLLING PARTY

The immediate controlling party is SCT5 Properties Limited, a company incorporated in Jersey on 11 May 2018 and the sole shareholder.

The ultimate controlling party is VG Corporate Trustee Limited as Trustee of Sidra 2 Trust, a Trust established under the laws of Jersey on 11 June 2018.