Dalston Locke Op Co Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12179852

Dalston Locke Op Co Limited

Filleted Unaudited Financial Statements

31 March 2025

Dalston Locke Op Co Limited

Statement of Financial Position

31 March 2025

	31 Mar 25	31 Dec 23
Note	£	£

Fixed assets

Tangible assets	5	–	269,654

Current assets

Debtors	6	150,487	899,963
Cash at bank and in hand		381,148	834,643
		---------	------------
		531,635	1,734,606

Creditors: amounts falling due within one year	7	( 988,178)	( 1,968,796)
		---------	------------
Net current liabilities		( 456,543)	( 234,190)
		---------	---------
Total assets less current liabilities		( 456,543)	35,464
		---------	--------
Net (liabilities)/assets		( 456,543)	35,464
		---------	--------

Capital and reserves

Share capital	8	1	1
Profit and loss account		( 456,544)	35,463
		---------	--------
Shareholders (deficit)/funds		( 456,543)	35,464
		---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

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

Dalston Locke Op Co Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 19 November 2025 , and are signed on behalf of the board by:

Manish Gudka

Director

Company registration number: 12179852

Dalston Locke Op Co Limited

Notes to the Financial Statements

Period from 1 January 2024 to 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 1st Floor, 88 Baker Street, London, W1U 3TQ. The principal place of trading is 130 Kingsland High St, London, E8 2LQ. The reporting period represents a 15-month period to 31 March 2025 and therefore is not entirely comparable with the comparable period of 12 months.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of Financial Reporting Standard (FRS) 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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 .

Going concern

The director has assessed the company's ability to continue as a going concern which has included a review of the loan facilities available to the company and the cashflow forecasts of the company. Based on this review, the director confirms that the company has adequate resources to continue for the foreseeable future, which covers a period of not less than twelve months from the date of the financial statements are approved, and accordingly the going concern basis continues to be appropriate for the preparation of the financial statements.

Revenue recognition

Turnover comprises income from the operation of hotels, which excludes value added tax and trade discounts, represents the invoiced value of goods and services supplied and is recognised at the point of sale at which the accommodation and related services are provided.

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:

	Fixtures and fittings	-	14% straight line

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of Interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 12 (2023: 12 ).

5. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 January 2024	333,099
Additions	41,213
Disposals	( 374,312)
	---------
At 31 March 2025	–
	---------
Depreciation
At 1 January 2024	63,445
Charge for the period	54,194
Disposals	( 117,639)
	---------
At 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 December 2023	269,654
	---------

6. Debtors

	31 Mar 25	31 Dec 23
	£	£
Trade debtors	125,383	295,231
Other debtors	25,104	604,732
	---------	---------
	150,487	899,963
	---------	---------

7. Creditors: amounts falling due within one year

	31 Mar 25	31 Dec 23
	£	£
Trade creditors	369	223,283
Amounts owed to group undertakings	955,592	986,259
Accruals and deferred income	32,217	332,782
Social security and other taxes	–	158,064
Other creditors	–	268,408
	---------	------------
	988,178	1,968,796
	---------	------------

The amounts owed to group undertakings are interest free and repayable on demand.

8. Share capital

Issued, called up and fully paid

	31 Mar 25		31 Dec 23
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

9. Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.

10. Ultimate parent undertaking and controlling party

The ultimate parent undertaking is Dalston Locke Group Holdings Limited, a company registered in the Isle of Man. In the opinion of the directors there is no ultimate controlling party.