The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

Consolidated Hotels Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 114a Cromwell Road, Kensington, London, SW7 4AG.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

The financial statements of the company are consolidated in the financial statements of Consolidated Holdings Limited. These consolidated financial statements are available from its registered office, 3rd Floor, 114a, Cromwell Road, London, United Kingdom, SW7 4AG.

During the year the company incurred a loss of £60,671,910 (2023: £942,127) of which £58,000,000 related to impairment and provisions relating to the investment in its subsidiary consolidated hotels limited which is not recurrent.

At the reporting date, the company had cash reserves of £Nil (2023: £Nil), net current liabilities of £65,465,324 (2023: £4,793,414) and net liabilities of £65,465,325 (2023: £4,793,415).

The company continues to meet its working capital requirements through the ongoing financial support of its shareholder and fellow group undertakings. However, prevailing economic conditions introduce a degree of uncertainty regarding the continued availability of such support.

At the reporting date, the Company owed £8,450,867 to a fellow group undertaking. This balance is repayable on demand and therefore presents a material uncertainty regarding the Company’s ability to continue as a going concern. However, the Company has obtained a letter of support from this related party confirming its commitment to provide financial assistance for at least 12 months from the date of approval of these financial statements. Furthermore, the related party has confirmed that it will not seek repayment of the loan until the Company is in a position to do so.

At the reporting date, the Company owed £41,461,491 to a fellow group undertaking. This balance is repayable on demand and therefore presents a material uncertainty regarding the Company’s ability to continue as a going concern. However, the Company has obtained a letter of support from the fellow group undertaking confirming its commitment to provide financial assistance for at least 12 months from the date of approval of these financial statements. Furthermore, the fellow group undertaking has confirmed that it will not seek repayment of the loan until the Company is in a position to do so.

The Company has also obtained a letter of support from the ultimate parent company confirming its commitment to provide financial assistance and ensure the Company can meet its obligations for at least 12 months from the date of approval of these financial statements.

In addition, the director is actively looking to generate additional operating cash from the sale of assets within other areas of the group. The director is confident that future asset realisations will allow the company to trade.

Having considered these factors, the Directors have a reasonable expectation that the Company possesses adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

The average monthly number of persons (including directors) employed by the company during the year was:

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

The immediate parent undertaking is Soho Hotel Obligor Limited and the ultimate parent undertaking is Consolidated Holdings Limited. Both companies are registered in England and Wales.

The following are the parents of the largest and smallest groups in which this company's results are consolidated: