REGISTERED NUMBER: 09268092

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HURLEY HOUSE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S Shlewet

B Shlewet

REGISTERED OFFICE:

2nd Floor, 55 Ludgate Hill

London

United Kingdom

EC4M 7JW

REGISTERED NUMBER:

09268092

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor, 55 Ludgate Hill

London

EC4M 7JW

FIXED ASSETS

Tangible assets

4

27,082

23,782

CURRENT ASSETS

Stocks

60,740

70,510

Debtors

5

77,882

74,596

Cash at bank

42,721

32,475

181,343

177,581

CREDITORS

Amounts falling due within one year

6

(6,404,861

)

(5,655,262

)

NET CURRENT LIABILITIES

(6,223,518

)

(5,477,681

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,196,436

)

(5,453,899

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(6,196,536

)

(5,453,999

)

(6,196,436

)

(5,453,899

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

S Shlewet - Director

1.	GENERAL INFORMATION

The company is a private limited company (limited by shares), which is incorporated and domiciled in England and Wales. The registered office is 2nd Floor, 55, Ludgate Hill, London, United Kingdom, EC4M 7JW.

The principal activity of the company during the period was the operation of a hotel and a restaurant.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property - 5%

Plant and machinery - 25%

Fixtures and fittings - 25%

Office equipment - 33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Taxation

Tax is recognised in the Statement of income and retained earnings.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Going concern

The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of bank facilities and mitigating actions that can be taken during the period, including confirming that the parent company creditor will not call in its balance if the company doesn't have the funds to pay it within the next 12 months. Furthermore, the immediate parent entity has confirmed its support for the company for the foreseeable future.

Debtors

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

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Short-term

Fixtures

leasehold

Plant and

and

Office

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

19,631

14,470

96,978

65,112

196,191

Additions

1,250

-

2,440

8,455

12,145

At 31 March 2025

20,881

14,470

99,418

73,567

208,336

Depreciation

At 1 April 2024

7,067

14,405

93,089

57,848

172,409

Charge for year

1,011

65

1,905

5,864

8,845

At 31 March 2025

8,078

14,470

94,994

63,712

181,254

Net book value

At 31 March 2025

12,803

-

4,424

9,855

27,082

At 31 March 2024

12,564

65

3,889

7,264

23,782

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,348

31,675

Other debtors

-

89

Prepayments

63,534

42,832

77,882

74,596

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

116,881

100,674

Other loans

6,143,000

5,438,000

Social security and other taxes

60,303

50,940

Other creditors

4,744

1,833

Accruals and deferred income

79,933

63,815

6,404,861

5,655,262

7.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £19,336 (2024 - £17,302). Contributions totalling £1,992 (2024 - £1,833) were payable to the fund at the reporting date and are included in creditors.

8.	RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption in Financial Reporting Standard 102 "Related Party Disclosures" not to disclose transactions with other members of the group on the grounds that 100% of the voting rights are controlled within the group.

9.	CONTROLLING PARTY

The immediate parent company is Milu (Hurley) Limited. The registered office of Milu (Hurley) Limited is 2nd Floor, 55 Ludgate Hill, London, United Kingdom, EC4M 7JW.

The ultimate controlling party, through ownership of the parent company, is Bassam Shlewet.