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REGISTERED NUMBER: 09573413 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

SHERATON HOTEL (BLACKPOOL) LIMITED

SHERATON HOTEL (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09573413) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 30 April 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| SHERATON HOTEL (BLACKPOOL) LIMITED |

COMPANY INFORMATION

for the year ended 30 April 2025

| DIRECTORS: | Mrs I Seddon

| N A Seddon

| Mrs E P Brown

| REGISTERED OFFICE: | 17 St Peters Place

| Fleetwood

| Lancashire

| FY7 6EB

| REGISTERED NUMBER: | 09573413 (England and Wales)

| AUDITORS: | Xeinadin Audit Limited

| Statutory Auditor

| 17 St Peters Place

| Fleetwood

| Lancashire

| FY7 6EB

SHERATON HOTEL (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09573413) |

BALANCE SHEET

30 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 14,688 |  | 73,438 |  |

Tangible assets | 5 | 2,203,919 |  | 2,220,410 |  |

2,218,607 |  | 2,293,848 |  |

CURRENT ASSETS

Stocks | 32,674 |  | 24,181 |  |

Debtors | 6 | 812,997 |  | 718,957 |  |

Cash at bank and in hand | 260,181 |  | 375,040 |  |

1,105,852 |  | 1,118,178 |  |

CREDITORS

Amounts falling due within one year | 7 | (1,291,818 | ) | (1,277,617 | ) |

NET CURRENT LIABILITIES | (185,966 | ) | (159,439 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,032,641 |  | 2,134,409 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,604,210 | ) | (1,693,245 | ) |

PROVISIONS FOR LIABILITIES | (235,286 | ) | (249,499 | ) |

NET ASSETS | 193,145 |  | 191,665 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 193,144 |  | 191,664 |  |

193,145 |  | 191,665 |  |

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 30 October 2025 and were signed on its behalf by:

Mrs E P Brown - Director

SHERATON HOTEL (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09573413) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 April 2025

1. | STATUTORY INFORMATION

| Sheraton Hotel (Blackpool) 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.

| The place of business is Hotel Sheraton, 54/62 Queens Promenade, Blackpool, FY2 9RP.

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.

| Going concern

| The balance sheet shows net current liabilities of £185,966 (2024: £159,439). Total net assets £193,145 (2024: £191,665).

| The group is dependent upon the continuing support of its directors and other creditors to enable it to meet its day to day working capital requirements. The directors have indicated that they are willing to provide such support for the foreseeable future and therefore believe it is appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.

| Turnover

| Turnover representing the value of services is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the service has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

| Turnover representing the sale of goods is shown net of VAT and trade discounts and is recognised when the goods are physically delivered to the customer.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | Nil

| Fixtures and fittings | - | 10% on cost

| Computer equipment | - | 20% on cost

| Tangible fixed assets are initially recognised at cost and depreciated to residual value over their useful economic lives. Depreciation is not provided for in respect of freehold properties. In the opinion of the directors, the residual value of the freehold properties at the end of their useful lives are expected to be such that any depreciation would be wholly immaterial.

SHERATON HOTEL (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09573413) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 91 (2024 - 86 ) .

SHERATON HOTEL (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09573413) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 587,500 |  |

| AMORTISATION

| At 1 May 2024 | 514,062 |  |

| Charge for year | 58,750 |  |

| At 30 April 2025 | 572,812 |  |

| NET BOOK VALUE

| At 30 April 2025 | 14,688 |  |

| At 30 April 2024 | 73,438 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 May 2024 | 1,162,115 |  | 2,284,712 |  | 21,248 |  | 3,468,075 |  |

| Additions | 68,310 |  | 159,639 |  | 827 |  | 228,776 |  |

| At 30 April 2025 | 1,230,425 |  | 2,444,351 |  | 22,075 |  | 3,696,851 |  |

| DEPRECIATION

| At 1 May 2024 | - |  | 1,228,510 |  | 19,155 |  | 1,247,665 |  |

| Charge for year | - |  | 244,435 |  | 832 |  | 245,267 |  |

| At 30 April 2025 | - |  | 1,472,945 |  | 19,987 |  | 1,492,932 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1,230,425 |  | 971,406 |  | 2,088 |  | 2,203,919 |  |

| At 30 April 2024 | 1,162,115 |  | 1,056,202 |  | 2,093 |  | 2,220,410 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 783,828 |  | 675,365 |  |

| Other debtors | 7,712 |  | 4,509 |  |

| Prepayments and accrued income | 21,457 |  | 39,083 |  |

812,997 |  | 718,957 |  |

SHERATON HOTEL (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09573413) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 89,775 |  | 84,311 |  |

| Trade creditors | 604,192 |  | 635,998 |  |

| Amounts owed to group undertakings | 297,668 |  | 297,668 |  |

| Tax | 37,210 |  | 53,704 |  |

| Social security and other taxes | 20,753 |  | 16,761 |  |

| VAT | 114,171 |  | 95,829 |  |

| Other creditors | 15,759 |  | 6,890 |  |

| Accruals and deferred income | 112,290 |  | 86,456 |  |

1,291,818 |  | 1,277,617 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 95,645 |  | 82,119 |  |

| Bank loans - 2-5 years | 1,508,565 |  | 1,611,126 |  |

1,604,210 |  | 1,693,245 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 10,177 |  | 5,645 |  |

| Between one and five years | 51,544 |  | 21,641 |  |

61,721 |  | 27,286 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loan | 1,693,985 |  | 1,777,555 |  |

| The bank loan is secured against the freehold property.

11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Charles F Bryning FCA (Senior Statutory Auditor)

| for and on behalf of Xeinadin Audit Limited

SHERATON HOTEL (BLACKPOOL) LIMITED (REGISTERED NUMBER: 09573413) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

12. | CONTINGENT LIABILITIES

| A cross-company unlimited guarantee is in place in favour of one of the company's bankers between the company and Elgin Hotel Limited. At the balance sheet date monies owing to the bank totals £564,662 (2024 - £592,519).

13. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14. | ULTIMATE CONTROLLING PARTY

| Sheraton Hotel (Blackpool) Limited is a subsidiary of Alf Seddon Limited of 17 St Peter's Place, Fleetwood, Lancashire, FY7 6EB.