NK2N Hotels Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12394347

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		935,783		935,783

			935,783		935,783
CURRENT ASSETS
Debtors		202,065		1,079,025
Cash at bank and in hand		14,561		29,623

		216,626		1,108,648
Creditors: Amounts Falling Due Within One Year		(211,114 )		(1,476,581 )

NET CURRENT ASSETS (LIABILITIES)			5,512		(367,933 )

TOTAL ASSETS LESS CURRENT LIABILITIES			941,295		567,850

NET ASSETS			941,295		567,850

CAPITAL AND RESERVES
Called up share capital	5		200		200
Profit and Loss Account			941,095		567,650

SHAREHOLDERS' FUNDS			941,295		567,850

Page 1

Page 2

NK2N Hotels Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Narendra Patel

Director

08/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

NK2N Hotels Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12394347 . The registered office is Office 1, 21 Hatherton Street, Walsall, WS4 2LA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "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.

Preparation of consolidated financial statements
The financial statements contain information about NK2N Hotels Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

2.2. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

Page 3

Page 4

NK2N Hotels Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 May 2024	935,783

As at 30 April 2025	935,783

Net Book Value
As at 30 April 2025	935,783

As at 1 May 2024	935,783

5. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
200 Ordinary Shares of £ 1.00 each	200	200

6. Related Party Transactions

As of 30 April 2025, the company was owed £28,177 (2024 - £28,177) from Killin Hotel Limtied ('Killin')

As of 30 April 2025, the company was owed £173,888 (2024 - £1,050,849) from Relinquo Hospitality Limited ('Relinquo Hospitality')

As of 30 April 2025, the company owed £11,114 (2024 - NIL) to Evolve Hospitality (Dundee) Limited ('Evolve Dundee')

As of 30 April 2025, the company owed £200,000 (2024 - £771,550) to Relinquo Limited ('Relinquo')

Mr and Mrs Patel were the directors of Kiilin, Relinquo Hospitaliy and Mr Patel was the director of Evolve Dundee and Relinquo as of 30 April 2025.

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