REGISTERED NUMBER: 09943110 (England and Wales)

STAY BELVEDERE HOTELS LTD

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

S Adam

B Gilini

Registered office:

3rd Floor

45 Albemarle Street

Mayfair

London

W1S 4JL

Registered number:

09943110 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

1st Floor, Abbey Square

Davidson House

The Forbury

Reading

RG1 3EU

Solicitors:

Mishcon de Reya LLP

Africa House

70 Kingsway

London

WC2B 6AH

Fixed assets

Tangible assets

4

41,148

87,734

Current assets

Debtors

5

3,468,632

104,103,727

Cash in hand

19,599,107

225,055,226

23,067,739

329,158,953

Creditors

Amounts falling due within one year

6

14,805,721

308,956,773

Net current assets

8,262,018

20,202,180

Total assets less current liabilities

8,303,166

20,289,914

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

8,302,166

20,288,914

Shareholders' funds

8,303,166

20,289,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

B Gilini - Director

1.	Statutory information

Stay Belvedere Hotels Ltd 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The directors have undertaken a review of the company’s financial position and performance and are satisfied that the company has adequate resources to continue operating for a period of at least twelve months from when the financial statements are authorised for issue. This assessment is supported by the continued provision of agency services for the foreseeable future. Accordingly, no adjustments have been made to reflect any potential uncertainty regarding the company’s ability to continue as a going concern.

Critical accounting judgements and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically.

For the current period, assets are stated at their recoverable amounts and making provision for all known liabilities.

Turnover

Turnover represents amounts receivable for the provision of agency services to a related party and is stated net of VAT. Turnover is recognised in the period in which agency services are provided.

Tangible fixed assets

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

Motor vehicles

-

33% on cost

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the relevant instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4.	Tangible fixed assets

Motor

vehicles

£

Cost

At 1 January 2024

and 31 December 2024

139,759

Depreciation

At 1 January 2024

52,025

Charge for year

46,586

At 31 December 2024

98,611

Net book value

At 31 December 2024

41,148

At 31 December 2023

87,734

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

511,132

502,967

Other debtors

2,957,500

20,387,022

VAT

-

83,213,738

3,468,632

104,103,727

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

137,705

-

Taxation and social security

6,020,830

1,352,358

Other creditors

8,647,186

307,604,415

14,805,721

308,956,773

7.	Contingent liabilities

The company has received assessments from HM Revenue and Customs in respect of VAT. The directors do not consider the matters will result in a liability for the company but at the date of approval of these financial statements, a definitive estimate of the expected financial effect cannot be made.

8.	Ultimate controlling party

The company is controlled by the shareholders. There is no one ultimate controlling party.