REGISTERED NUMBER: 12525066 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

Gold Wynn Heathrow Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

M R Shooter

J M Weinzweig

REGISTERED OFFICE:

S223 - S224 Churchill House

120 Bunns Lane

London

United Kingdom

NW7 2AS

REGISTERED NUMBER:

12525066 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Alan Kaye (FCA)

AUDITORS:

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Investments

4

5,410,762

5,408,139

CURRENT ASSETS

Debtors

5

26,627,728

17,128,637

CREDITORS

Amounts falling due within one year

6

(34,235,428

)

(31,760,599

)

NET CURRENT LIABILITIES

(7,607,700

)

(14,631,962

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,196,938

)

(9,223,823

)

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

9

(2,196,948

)

(9,223,833

)

SHAREHOLDERS' FUNDS

(2,196,938

)

(9,223,823

)

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 16 October 2025 and were signed on its behalf by:

J M Weinzweig - Director

1.	STATUTORY INFORMATION

Gold Wynn Heathrow 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Cash and cash equivalents

Cash and cash equivalents comprises cash on hand and all deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to and insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities of the company does not have an unconditional right at the end of the reporting period to refer settlements of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlements for at least twelve months after the reporting date they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less any impairment.

Provisions

Provisions are recognised when the company has a present obligation at the balance sheet date arising from a past event, it is probable that an outflow of economic benefits will be required to settle the obligation, and the amount can be reliably estimated.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

5,408,139

Additions

2,623

At 31 December 2024

5,410,762

NET BOOK VALUE

At 31 December 2024

5,410,762

At 31 December 2023

5,408,139

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

19,601,822

14,219,247

Prepayments and accrued income

7,025,906

2,909,390

26,627,728

17,128,637

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 7)

-

13,855,956

Accruals and deferred income

5,334,394

825,201

Amounts owed to group undertakings

28,900,934

17,079,442

Tax

100

-

34,235,428

31,760,599

7.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loan

-

13,855,956

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

700

A Shares

£0.01

7

7

300

B Shares

£0.01

3

3

25

C Shares

£0.01

-

-

10

10

9.

RESERVES

Retained

earnings

£

At 1 January 2024

(9,223,833

)

Profit for the year

7,026,885

At 31 December 2024

(2,196,948

)

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

The Report of the Auditors was unqualified.

Mr Alan Kaye (FCA) (Senior Statutory Auditor)

for and on behalf of BBK Partnership

11.	RELATED PARTY DISCLOSURES

Included within 'Amounts owed to group undertakings' is an amount of £ 28,900,934.30(2023: £17,079,441.80) due to Wynn Weinzweig UK Hold Co Limited, the immediate parent company.

Amounts owed by group undertakings' is an amount of £19,601,818.67 (2023: £14,219,243.78) due from Heathrow House Holdings Limited, a subsidiary.

12.	CONTROLLING PARTY

The immediate parent undertaking of the company is Wynn Weinzweig UK Hold Co Ltd, whose registered office is at S223 - S224 Churchill House 120 Bunns Lane, London, United Kingdom, NW7 2AS.

The ultimate controlling party is Jeffrey Weinzweig.