Bed Factory Hotels Limited Company accounts

COMPANY REGISTRATION NUMBER: 03794418

Bed Factory Hotels Limited

Financial Statements

31 March 2025

Bed Factory Hotels Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	3

Independent auditor's report to the members	5

Statement of income and retained earnings	8

Statement of financial position	9

Statement of cash flows	10

Notes to the financial statements	11

Bed Factory Hotels Limited

Officers and Professional Advisers

The board of directors	C Lim
	H Singh
	S Singh

Registered office	4 Broadgate
	Broadway Business Park
	Chadderton
	Oldham
	OL9 9XA

Auditor	Edwards Veeder (UK) Limited
	Chartered accountants & statutory auditor
	4 Broadgate
	Broadway Business Park
	Chadderton
	Oldham
	OL9 9XA

Bed Factory Hotels Limited

Strategic Report

Year ended 31 March 2025

The directors present their strategic report for the period ended 31 March 2025.

Review of the business

The principal activity of the company during the period continued to be that of a hotel operator . The Directors are satisfied with the net asset position as at 31 March 2025.

Future developments

The directors aim to maintain the management policies which have resulted in the company's continued success in recent years. They consider that the next year will show a growth in sales from continuing operations.

Environment

The company is committed to protecting the environment predominantly through recycling.

Principal risks and uncertainties

The company's principal risk is that of competitor price competition. In light of this the company's emphasis on service levels is key to retaining customers.

This report was approved by the board of directors on 28 October 2025 and signed on behalf of the board by:

H Singh

Director

Registered office:

4 Broadgate

Broadway Business Park

Chadderton

Oldham

OL9 9XA

Bed Factory Hotels Limited

Directors' Report

Year ended 31 March 2025

The directors present their report and the financial statements of the company for the year ended 31 March 2025 .

Directors

The directors who served the company during the year were as follows:

C Lim
H Singh
S Singh

Dividends

Particulars of recommended dividends are detailed in note 10 to the financial statements.

Disclosure of information in the strategic report

In accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013 the company has chosen to include the strategic report information as required by schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008. The directors have chosen to disclose information regarding the future developments and risk exposure of the company within their strategic report on page 2 of these financial statements.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 28 October 2025 and signed on behalf of the board by:

H Singh

Director

Registered office:

4 Broadgate

Broadway Business Park

Chadderton

Oldham

OL9 9XA

Bed Factory Hotels Limited

Independent Auditor's Report to the Members of Bed Factory Hotels Limited

Year ended 31 March 2025

Opinion

We have audited the financial statements of Bed Factory Hotels Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - Enquiries with management, about any known or suspected instances of non-compliance with laws and regulations and fraud. - Auditing the risk of management of override controls, including through testing journal entries and other adjustments for appropriateness. - Challenging assumptions and judgments made by management in their significant accounting estimates. Because of the field in which the client operates, we identified that employment law, health and safety legislation and compliance with the UK Companies Act are most likely to have a material impact on the financial statements. Owing to the inherent limitations of an audit, there's an unavoidable risk that some material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISAs (UK). For instance, the further removed non-compliances from the events and transactions reflected in the financial statements, the less likely the auditor is to become aware of it or to recognise the non-compliance. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Wadsworth FCCA

(Senior Statutory Auditor)

For and on behalf of

Edwards Veeder (UK) Limited

Chartered accountants & statutory auditor

4 Broadgate

Broadway Business Park

Chadderton

Oldham

OL9 9XA

28 October 2025

Bed Factory Hotels Limited

Statement of Income and Retained Earnings

Year ended 31 March 2025

		2025	2024
Note		£	£
Turnover	4	2,555,617	3,838,401

Cost of sales	1,012,824	1,355,733
	------------	------------
Gross profit	1,542,793	2,482,668

Administrative expenses		( 1,207,032)	1,122,527
		------------	------------
Operating profit	5	2,749,825	1,360,141

Other interest receivable and similar income	8	818	–
		------------	------------
Profit before taxation		2,750,643	1,360,141

Tax on profit	9	( 5,760)	186,971
		------------	------------
Profit for the financial year and total comprehensive income		2,756,403	1,173,170
		------------	------------

Dividends paid and payable	10	( 1,755,000)	–

Retained earnings at the start of the year	4,394,885	3,221,715
	------------	------------
Retained earnings at the end of the year	5,396,288	4,394,885
	------------	------------

All the activities of the company are from continuing operations.

Bed Factory Hotels Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	12	7,055,179	10,867,266

Current assets

Stocks	13	3,549	4,172
Debtors	14	1,483,577	92,477
Cash at bank and in hand		105,765	8,306
		------------	---------
		1,592,891	104,955

Creditors: amounts falling due within one year	15	448,367	3,499,520
		------------	------------
Net current assets/(liabilities)		1,144,524	( 3,394,565)
		------------	-------------
Total assets less current liabilities		8,199,703	7,472,701

Provisions	16	230,882	505,283
		------------	------------
Net assets		7,968,821	6,967,418
		------------	------------

Capital and reserves

Called up share capital	19	2,572,533	2,572,533
Profit and loss account	20	5,396,288	4,394,885
		------------	------------
Shareholders funds		7,968,821	6,967,418
		------------	------------

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

These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

H Singh

Director

Company registration number: 03794418

Bed Factory Hotels Limited

Statement of Cash Flows

Year ended 31 March 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	2,756,403	1,173,170

Adjustments for:
Depreciation of tangible assets	48,064	52,691
Impairment of tangible assets	660,041	–
Other interest receivable and similar income	( 818)	–
Gains on disposal of investment property	( 2,737,377)	–
Tax on profit	( 5,760)	186,971
Accrued income	( 50,655)	( 16,369)

Changes in:
Stocks	623	4,204
Trade and other debtors	( 1,391,100)	( 732,141)
Trade and other creditors	( 114,417)	( 27,014)
	------------	------------
Cash generated from operations	( 834,996)	641,512

Interest received	818	–
Tax paid	( 118,965)	( 182,268)
	---------	---------
Net cash (used in)/from operating activities	( 953,143)	459,244
	---------	---------

Cash flows from investing activities

Purchase of tangible assets	( 81,588)	( 264,494)
Proceeds from sale of tangible assets	5,922,947	–
	------------	---------
Net cash from/(used in) investing activities	5,841,359	( 264,494)
	------------	---------

Cash flows from financing activities

Proceeds from loans from group undertakings	( 3,035,757)	( 417,500)
Dividends paid	( 1,755,000)	–
	------------	---------
Net cash used in financing activities	( 4,790,757)	( 417,500)
	------------	---------

Net increase/(decrease) in cash and cash equivalents	97,459	( 222,750)
Cash and cash equivalents at beginning of year	8,306	231,056
	---------	---------
Cash and cash equivalents at end of year	105,765	8,306
	---------	---------

Bed Factory Hotels Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Broadgate, Broadway Business Park, Chadderton, Oldham, OL9 9XA.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Sales are recognised by reference to the occupancy date of the rooms let and all deposits received in advance are treated as deposits held on behalf of customers. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill relates to the amount paid in connection with the acquisition of a business in 2007. The useful economic life of the purchased goodwill was estimated at 8 years and it has been fully written down to zero accordingly.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where the revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Freehold properties and the majority of the long leasehold property have been included in the balance sheet at cost with no depreciation being charged. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	4% straight line
Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	188,628	209,078
Rendering of services	2,366,989	3,629,323
	------------	------------
	2,555,617	3,838,401
	------------	------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	48,064	52,691

Impairment of tangible assets recognised in:

	Administrative expenses	660,041	–
Gains on disposal of investment property		( 2,737,377)	–
Operating lease costs - property		8,047	15,822
Operating lease costs - other		2,091	1,006
		------------	--------

6. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	9,300	8,800
	-------	-------

7. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Management	8	15
Reception	11	20
Housekeeping	10	19
Maintenance	3	3
	----	----
	32	57
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	742,628	886,884
Other pension costs	12,337	14,467
	---------	---------
	754,965	901,351
	---------	---------

8. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	818	–
	----	----

9. Tax on profit

Major components of tax (income)/expense

	2025	2024
	£	£

Current tax:

UK current tax expense	273,143	123,467
Adjustments in respect of prior periods	( 4,502)	–
	---------	---------
Total current tax	268,641	123,467
	---------	---------

Deferred tax:

Origination and reversal of timing differences	( 274,401)	63,504
	---------	---------
Tax on profit	( 5,760)	186,971
	---------	---------

Reconciliation of tax (income)/expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	2,750,643	1,360,141
	------------	------------
Profit on ordinary activities by rate of tax	687,661	340,035
Adjustment to tax charge in respect of prior periods	( 4,502)	–
Effect of capital allowances and depreciation	( 298,939)	( 63,504)
Group loss relief	( 115,579)	( 153,064)
Deferred taxation movement	( 274,401)	63,504
	------------	------------
Tax on profit	( 5,760)	186,971
	------------	------------

10. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	1,755,000	–
	------------	----

11. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	350,000
	---------
Amortisation
At 1 April 2024 and 31 March 2025	350,000
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	–
	---------

12. Tangible assets

	Freehold property	Long leasehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£	£
Cost
At 1 April 2024	7,260,041	3,134,302	497,446	1,357,749	12,249,538
Additions	–	–	30,159	51,429	81,588
Disposals	–	( 3,134,302)	( 162,747)	( 628,443)	( 3,925,492)
	------------	------------	---------	------------	-------------
At 31 March 2025	7,260,041	–	364,858	780,735	8,405,634
	------------	------------	---------	------------	-------------
Depreciation
At 1 April 2024	–	98,071	242,937	1,041,264	1,382,272
Charge for the year	–	1,535	27,293	19,236	48,064
Disposals	–	( 99,606)	( 58,818)	( 581,498)	( 739,922)
Impairment losses	660,041	–	–	–	660,041
	------------	------------	---------	------------	-------------
At 31 March 2025	660,041	–	211,412	479,002	1,350,455
	------------	------------	---------	------------	-------------
Carrying amount
At 31 March 2025	6,600,000	–	153,446	301,733	7,055,179
	------------	------------	---------	------------	-------------
At 31 March 2024	7,260,041	3,036,231	254,509	316,485	10,867,266
	------------	------------	---------	------------	-------------

The tangible assets of the company are being used to secure loans in the parent company Compass Seacare Holdings Limited.

13. Stocks

	2025	2024
	£	£
Dry stocks	2,840	3,401
Wet stocks	709	771
	-------	-------
	3,549	4,172
	-------	-------

14. Debtors

	2025	2024
	£	£
Trade debtors	9,859	63,944
Amounts owed by group undertakings	1,458,950	–
Prepayments and accrued income	14,768	23,604
Other debtors	–	4,929
	------------	--------
	1,483,577	92,477
	------------	--------

15. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	33,413	166,184
Amounts owed to group undertakings	–	3,035,757
Accruals and deferred income	46,450	97,105
Corporation tax	273,143	123,467
Social security and other taxes	50,072	14,561
Other creditors	45,289	62,446
	---------	------------
	448,367	3,499,520
	---------	------------

16. Provisions

	Deferred tax (note 17)
	£
At 1 April 2024	505,283
Charge against provision	( 274,401)
	---------
At 31 March 2025	230,882
	---------

17. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 16)	230,882	505,283
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	230,882	505,283
	---------	---------

18. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 12,337 (2024: £ 14,467 ).

19. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2,572,533	2,572,533	2,572,533	2,572,533
	------------	------------	------------	------------

20. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses .

21. Analysis of changes in net debt

	At 1 Apr 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	8,306	97,459	105,765
Debt due within one year	(3,035,757)	3,035,757	–
	------------	------------	---------
	( 3,027,451)	3,133,216	105,765
	------------	------------	---------

22. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	–	12,000
Later than 1 year and not later than 5 years	–	48,000
Later than 5 years	–	2,637,000
	----	------------
	–	2,697,000
	----	------------

Included within operating leases later than 5 years are operating leases relating to ground and car park rentals. These agreements are for a period of 250 years from October 1998.

23. Related party transactions

Included within debtors due within one year is £1,458,950 (2024: £3,035,757 credit) due from Compass Seacare Holdings Limited, the parent company. During the year the company incurred management charges totalling £136,805 (2024: £239,183) from Compass Hospitality UK Limited, a company owned by one of the directors, H Singh .

24. Controlling party

The company is a wholly owned subsidiary of Compass Seacare Holdings UK Limited, a company incorporated in England & Wales. The parent company is CH Holding Limited, a company incorporated in England & Wales, who own the majority of the share capital in Compass Hospitality Holdings UK Limited.