REGISTERED NUMBER: 11230428 (England and Wales)

DIAMOND HOTEL COLLECTION LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 DECEMBER 2024

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

16

DIRECTOR:

Ms N Rabani

REGISTERED OFFICE:

Hollin Hall Hotel

Jackson Lane

Bollington

Macclesfield

Cheshire

SK10 5BG

REGISTERED NUMBER:

11230428 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Statutory Auditor, Chartered Accountants

Sidings House, Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

The director presents her strategic report for the year ended 30 December 2024.

REVIEW OF BUSINESS

The main activity of the Diamond Hotel Collection Limited ("the Company") is the operation of its main asset, The Chevin Country Park Hotel & Spa, in the United Kingdom.

The strategy of the Company is to operate the hotel profitably whilst maintaining good customer satisfaction ratings and hiring and managing employees effectively.

Key Financial Performance Indicators

Year Ended

Year Ended

30/12/24

30/12/23

£

£

Turnover

£2,925,006

£2,945,790

Gross Profit

£2,444,605

£2,499,635

Gross Profit percentage

84.6%

84.9%

Net Profit (loss) before Tax

(£165,314)

£207,930

Net current liabilities

(£608,030)

(£450,330)

PRINCIPAL RISKS AND UNCERTAINTIES

The Company is directly exposed to the risks associated with the hotel industry such as any downturn in the general operating conditions in the UK provincial hotel industry and new hotel openings close to its existing location.

The Company is also exposed to risks regarding property valuations in periods of market instability. This instability means that professional valuers and the Director are not able to value properties with the same degree of certainty as would be the case in a more stable market with a good level of transactional evidence to support valuations.

The Company's exposure to credit risk is primarily attributable to its trade debtors. The amounts presented in the balance sheet are net of any allowances for doubtful debts. The Company seeks to mitigate credit risk through credit checking and, where customers pay on departure, Company policy is to obtain a pre-authorised credit card for payment. In certain circumstances customers pay all or part of their stay in advance.

The Company's exposure to liquidity and cash flow risk is mitigated by the trade debtors procedures described above and by negotiating commercial payment terms with suppliers. The Company aims to mitigate liquidity risk by managing cash generation and uses through its operations.

FUTURE DEVELOPMENTS

The director is confident for the future as the company continues to build its brand and reputation.

ON BEHALF OF THE BOARD:

Ms N Rabani - Director

24 December 2025

The director presents her report with the financial statements of the company for the year ended 30 December 2024.

DIVIDENDS

No dividends will be distributed for the year ended 30 December 2024.

DIRECTOR

Ms N Rabani held office during the whole of the period from 31 December 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and she has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Ms N Rabani - Director

24 December 2025

Opinion

We have audited the financial statements of Diamond Hotel Collection Limited (the 'company') for the year ended 30 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 December 2024 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Material uncertainty relating to going concern

We draw attention to Note 2 in the financial statements, which indicates that the company's current liabilities exceeded its current assets by £608,030 (2023: £450,330).

As stated in Note 2, these events or conditions, along with other matters as set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

Our opinion is not modified in respect of this matter.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company, we identified that the principal risks of non-compliance with laws and regulations related to the preparation of statutory accounts and corporation tax legislation and we considered the extent to which non-compliance might have a material effect on the financial statements. As part of this assessment we considered both quantitative and qualitative factors. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the Companies Act 2006 and FRS 102.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements which included the risk of management override of controls. We determined that the principal risks were related to posting inappropriate journal entries, omitting, advancing or delaying recognition of events and transactions that have occurred during or after the reporting period, and potential management bias in the determination of accounting estimates or judgements to manipulate results.

Audit procedures performed by the engagement team include:

- Enquiring of and obtaining written representation from management in relation to known or suspected instances of non-compliance with laws and regulations and fraud;

- Evaluation of management's controls designed to prevent and detect irregularities;

- Identifying and, where relevant, testing journal entries posted by senior management or with unusual combinations;

- Assessing and evaluating the business rationale of significant transactions outside the normal course of business;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Incorporating elements of unpredictability into the nature, timing and/or extent of audit procedures performed.

- Review of board meeting minutes and meetings of those charged with governance

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Cribb FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

Statutory Auditor, Chartered Accountants

Sidings House, Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

24 December 2025

TURNOVER

2,925,006

2,945,790

Cost of sales

480,401

446,155

GROSS PROFIT

2,444,605

2,499,635

Administrative expenses

2,454,662

2,228,417

OPERATING (LOSS)/PROFIT

4

(10,057

)

271,218

Interest payable and similar expenses

5

155,257

63,288

(LOSS)/PROFIT BEFORE TAXATION

(165,314

)

207,930

Tax on (loss)/profit

6

7,969

109,442

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(173,283

)

98,488

(LOSS)/PROFIT FOR THE YEAR

(173,283

)

98,488

OTHER COMPREHENSIVE INCOME

Release tax provision on revaluation res

3,602

3,602

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

3,602

3,602

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(169,681

)

102,090

FIXED ASSETS

Tangible assets

7

5,484,152

5,576,635

CURRENT ASSETS

Stocks

8

34,082

26,180

Debtors

9

1,690,663

1,642,877

Cash at bank and in hand

62,689

43,643

1,787,434

1,712,700

CREDITORS

Amounts falling due within one year

10

2,395,464

2,163,030

NET CURRENT LIABILITIES

(608,030

)

(450,330

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,876,122

5,126,305

CREDITORS

Amounts falling due after more than one year

11

(3,867,800

)

(3,952,648

)

PROVISIONS FOR LIABILITIES

14

(290,295

)

(285,949

)

NET ASSETS

718,027

887,708

CAPITAL AND RESERVES

Called up share capital

15

100

100

Revaluation reserve

16

518,712

529,519

Retained earnings

16

199,215

358,089

SHAREHOLDERS' FUNDS

718,027

887,708

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Ms N Rabani - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

100

245,192

540,326

785,618

Changes in equity

Total comprehensive income

-

112,897

(10,807

)

102,090

Balance at 30 December 2023

100

358,089

529,519

887,708

Changes in equity

Total comprehensive income

-

(158,874

)

(10,807

)

(169,681

)

Balance at 30 December 2024

100

199,215

518,712

718,027

Cash flows from operating activities

Cash generated from operations

1

376,372

363,371

Interest paid

(155,257

)

(63,288

)

Net cash from operating activities

221,115

300,083

Cash flows from investing activities

Purchase of tangible fixed assets

(117,200

)

(162,106

)

Net cash from investing activities

(117,200

)

(162,106

)

Cash flows from financing activities

Loan repayments in year

(84,869

)

(151,057

)

Net cash from financing activities

(84,869

)

(151,057

)

Increase/(decrease) in cash and cash equivalents

19,046

(13,080

)

Cash and cash equivalents at beginning of year

2

43,643

56,723

Cash and cash equivalents at end of year

2

62,689

43,643

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Period

1.1.23

Year Ended

to

30.12.24

30.12.23

£

£

(Loss)/profit before taxation

(165,314

)

207,930

Depreciation charges

209,683

185,473

Finance costs

155,257

63,288

199,626

456,691

(Increase)/decrease in stocks

(7,902

)

3,407

Increase in trade and other debtors

(47,786

)

(400,064

)

Increase in trade and other creditors

232,434

303,337

Cash generated from operations

376,372

363,371

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 December 2024

30.12.24

31.12.23

£

£

Cash and cash equivalents

62,689

43,643

Period ended 30 December 2023

30.12.23

1.1.23

£

£

Cash and cash equivalents

43,643

56,723

3.	ANALYSIS OF CHANGES IN NET DEBT

At 31.12.23

Cash flow

At 30.12.24

£

£

£

Net cash

Cash at bank and in hand

43,643

19,046

62,689

43,643

19,046

62,689

Debt

Debts falling due within 1 year

(151,057

)

-

(151,057

)

Debts falling due after 1 year

(3,952,648

)

84,848

(3,867,800

)

(4,103,705

)

84,848

(4,018,857

)

Total

(4,060,062

)

103,894

(3,956,168

)

1.	STATUTORY INFORMATION

Diamond Hotel Collection 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

As at 30 December 2024 the Company had net current liabilities of £608,030 (2023: £450,330).

The Company is party to a composite loan in the name of Amazehotels Ltd, covering multiple other Companies, under a joint and several liability arrangement. The Company is reliant on the other companies for financial support in the event it cannot meet its repayment obligations.

Moving into 2025 the current macro economic conditions, with significant inflationary pressures, have the potential to limit the company's future planned growth and may alter the assessment of its ability to continue as a going concern.

The director considers it appropriate to prepare the accounts on a going concern basis, however the above events and conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

Straight line over 2 to 20 years

Stocks

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

Period

1.1.23

Year Ended

to

30.12.24

30.12.23

£

£

Wages and salaries

1,164,417

1,097,812

The average number of employees during the year was as follows:

Period

1.1.23

Year Ended

to

30.12.24

30.12.23

121

106

Period

1.1.23

Year Ended

to

30.12.24

30.12.23

£

£

Director's remuneration

-

-

4.	OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging/(crediting):

Period

1.1.23

Year Ended

to

30.12.24

30.12.23

£

£

Hire of plant and machinery

(581

)

8,197

Depreciation - owned assets

209,683

185,473

Auditors' remuneration

7,350

10,048

Auditors' remuneration for non audit work

4,325

-

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.1.23

Year Ended

to

30.12.24

30.12.23

£

£

Loan

155,257

63,288

6.

TAXATION

Analysis of the tax charge

The tax charge on the loss for the year was as follows:

Period

1.1.23

Year Ended

to

30.12.24

30.12.23

£

£

Deferred tax

7,969

109,442

Tax on (loss)/profit

7,969

109,442

Tax effects relating to effects of other comprehensive income

2024

Gross

Tax

Net

£

£

£

Release tax provision on revaluation res

3,602

-

3,602

1.1.23 to 30.12.23

Gross

Tax

Net

£

£

£

Release tax provision on revaluation res

3,602

-

3,602

7.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST OR VALUATION

At 31 December 2023

4,608,929

1,324,877

5,933,806

Additions

-

117,200

117,200

At 30 December 2024

4,608,929

1,442,077

6,051,006

DEPRECIATION

At 31 December 2023

77,459

279,712

357,171

Charge for year

77,458

132,225

209,683

At 30 December 2024

154,917

411,937

566,854

NET BOOK VALUE

At 30 December 2024

4,454,012

1,030,140

5,484,152

At 30 December 2023

4,531,470

1,045,165

5,576,635

Included in cost or valuation of land and buildings is freehold land of £ 736,000 (2023 - £ 736,000 ) which is not depreciated.

A bank loan in the name of Amazehotels Ltd, this company's share of which amounts to £4,018,857, is secured on the land and buildings held by this company.

Cost or valuation at 30 December 2024 is represented by:

Freehold

Plant and

property

machinery

Totals

£

£

£

Valuation in 2020

262,574

-

262,574

Valuation in 2022

457,862

-

457,862

Cost

3,888,493

1,442,077

5,330,570

4,608,929

1,442,077

6,051,006

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

3,888,493

3,888,493

Value of land in freehold land and buildings

736,000

736,000

Freehold land and buildings were valued on an open market basis on 1 February 2023 by Knight Frank LLP .