REGISTERED NUMBER: 08446342 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HP HOTELS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J L Wilson

SECRETARY:

R A Veerman

REGISTERED OFFICE:

Capstone House

Prospect Park, Dunston Road

Chesterfield

Derbyshire

S41 9RD

REGISTERED NUMBER:

08446342 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Tangible assets

5

312,818

246,284

CURRENT ASSETS

Stocks

11,622

9,624

Debtors

6

264,375

63,046

Cash at bank and in hand

79,566

97,312

355,563

169,982

CREDITORS

Amounts falling due within one year

7

495,781

359,376

NET CURRENT LIABILITIES

(140,218

)

(189,394

)

TOTAL ASSETS LESS CURRENT LIABILITIES

172,600

56,890

PROVISIONS FOR LIABILITIES

57,064

26,409

NET ASSETS

115,536

30,481

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

115,534

30,479

SHAREHOLDERS' FUNDS

115,536

30,481

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2025 and were signed by:

J L Wilson - Director

1.	STATUTORY INFORMATION

HP Hotels 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.

The presentation currency of the financial statements is the Pound Sterling (£).

These financial statements cover the entity as an individual company.

The figures in the financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The company's balance sheet is reporting net current liabilities, but as the company's parent undertaking has indicated that it will continue to provide ongoing financial support to the company, the director has prepared the accounts on the basis that the company is a going concern.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of goods and services provided, net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 20% on cost, 10% on cost and Over period of lease

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Debt instruments which are financing transactions at a rate of interest that is not a market rate.

Where debt instruments are classified as assets due after more than one year or long term liabilities, then the company measures these at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Where debt instruments are classified as current assets or current liabilities, then there is no present value adjustment to the initial measurement based on amortised cost.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2024 - 46 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

507,770

Additions

142,599

At 31 March 2025

650,369

DEPRECIATION

At 1 April 2024

261,486

Charge for year

76,065

At 31 March 2025

337,551

NET BOOK VALUE

At 31 March 2025

312,818

At 31 March 2024

246,284

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

49,751

21,138

Other debtors

214,624

41,908

264,375

63,046

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

62,235

185,345

Amounts owed to group undertakings

273,821

53,016

Taxation and social security

62,488

53,150

Other creditors

97,237

67,865

495,781

359,376

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

2,958

2,058

Between one and five years

859

2,917

3,817

4,975

The freehold land and buildings that the company conducts its trade from are owned by the parent undertaking. The lease specifies that the annual rent for the land and buildings will be the lower of the company's annual profits or an open market rent This lease expires in more than 5 years.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

10.	OTHER FINANCIAL COMMITMENTS

During the whole of the year a £50,000 bank guarantee has been provided to the franchisor. The parent undertaking has placed £50,000 into a bank Escrow account to cash collateralise the guarantee.