ACCOUNTS - Final Accounts preparation

Registered number: 09991004

MARYLEBONE FINCO LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

MARYLEBONE FINCO LIMITED

REGISTERED NUMBER: 09991004

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		101		101
			101		101
Current assets
Debtors: amounts falling due within one year	5	104,055,391		60,402,989
		104,055,391		60,402,989
Creditors: amounts falling due within one year	6	(23,405)		(81,824,504)
Net current assets/(liabilities)			104,031,986		(21,421,515)
Total assets less current liabilities			104,032,087		(21,421,414)
Creditors: amounts falling due after more than one year			(138,583,547)		-

Net liabilities			(34,551,460)		(21,421,414)

Capital and reserves
Called up share capital	201	201
Profit and loss account	(34,551,661)	(21,421,615)
	(34,551,460)	(21,421,414)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 November 2025.

Uday Vyas	Rishi Ramesh Sachdev
Director	Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

MARYLEBONE FINCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Marylebone Finco Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number is 09991004 and the registered office address is Regent House Theobald Street, Elstree, Borehamwood, Hertfordshire, England, WD6 4RS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis, in accordance with UK GAAP, with the directors satisfied that the Company will be able to continue operating for the foreseeable future and meet its liabilities as they fall due.
Although the Company has net liabilities of £34,551,460, the directors have prepared cash flow forecasts covering the Company and the two entities under common control for which the Company provides financing to - Marylebone Lane LP and Shiva Marylebone Lane Ltd - which show that the Company will have sufficient cash to pay its liabilities as they fall due for a period of at least 12 months from the date of signing of these financial statements.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 2

MARYLEBONE FINCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2024	101
	At 31 March 2025	101

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	104,055,391	60,402,989
	104,055,391	60,402,989

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	13,405	13,405
Other creditors	10,000	81,811,099
	23,405	81,824,504

Page 3

MARYLEBONE FINCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	138,583,547	-
	138,583,547	-

8.	Controlling party

The Company is jointly owned by Marylebone Lane Hold Co Limited & Kailas Hotel Holdings Limited, both of which are companies registered in Jersey. The ultimate controlling parties are the trustees of The Ram Trust.

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 26 November 2025 by David Lyons (Senior Statutory Auditor) on behalf of HaysMac LLP.

Page 4