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REGISTERED NUMBER: 03801629 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 30 June 2025 |

| for |

| THE HOTEL GROUP LIMITED |

| THE HOTEL GROUP LIMITED (REGISTERED NUMBER: 03801629) |

Contents of the Financial Statements

for the year ended 30 June 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| THE HOTEL GROUP LIMITED |

Company Information

for the year ended 30 June 2025

| DIRECTORS: | A.A. Michaelides

| A. Michaelides

| M.M. Michaelides

| SECRETARY: | J.M. O'Keefe

| REGISTERED OFFICE: | Global House

| 303 Ballards Lane

| London

| N12 8NP

| REGISTERED NUMBER: | 03801629 (England and Wales)

| ACCOUNTANTS: | K J Pittalis and Partners LLP

| Chartered Certified Accountants

| Global House

| 303 Ballards Lane

| London

| N12 8NP

| THE HOTEL GROUP LIMITED (REGISTERED NUMBER: 03801629) |

Statement of Financial Position

30 June 2025

| 30/6/25 |  | 30/6/24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 979,369 |  | 686,074 |  |

Investments | 7 | 8,500,000 |  | 8,500,000 |  |

Investment property | 8 | 688,748 |  | 368,515 |  |

10,168,117 |  | 9,554,589 |  |

CURRENT ASSETS

Debtors | 9 | 57,851 |  | 85,418 |  |

Cash at bank and in hand | 235,027 |  | 762,760 |  |

292,878 |  | 848,178 |  |

CREDITORS

Amounts falling due within one year | 10 | (476,937 | ) | (439,915 | ) |

NET CURRENT (LIABILITIES)/ASSETS | (184,059 | ) | 408,263 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 9,984,058 |  | 9,962,852 |  |

CREDITORS

Amounts falling due after more than one year | 11 | (400,000 | ) | (400,000 | ) |

PROVISIONS FOR LIABILITIES | 12 | (2,025,924 | ) | (2,027,480 | ) |

NET ASSETS | 7,558,134 |  | 7,535,372 |  |

CAPITAL AND RESERVES

Called up share capital | 400,000 |  | 400,000 |  |

Share premium | 36,176 |  | 36,176 |  |

Other reserves | 6,047,868 |  | 6,047,868 |  |

Retained earnings | 1,074,090 |  | 1,051,328 |  |

7,558,134 |  | 7,535,372 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 HOTEL GROUP LIMITED (REGISTERED NUMBER: 03801629) |

Statement of Financial Position - continued

30 June 2025

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 10 March 2026 and were signed on its behalf by:

A. Michaelides - Director

| THE HOTEL GROUP LIMITED (REGISTERED NUMBER: 03801629) |

Notes to the Financial Statements

for the year ended 30 June 2025

1. | STATUTORY INFORMATION

| The Hotel Group 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 (£).

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 as modified by the revaluation of certain assets.

| Preparation of consolidated financial statements

| The financial statements contain information about The Hotel Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Revenue recognition

| Revenue is measured at the fair value of services provided net of VAT. Revenue for the provision of services is recognised when the services are provided to the customer.

| Revenue is also generated from property rental. The company recognises revenue based on short lease agreement with tenants.

| Goodwill

| Goodwill was amortised evenly over its estimated useful life of 20 years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Long leasehold | - | Straight line over 50 years

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at fair value.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| THE HOTEL GROUP LIMITED (REGISTERED NUMBER: 03801629) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

3. | ACCOUNTING POLICIES - continued

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Going concern

| These accounts have been prepared on a going concern basis on the grounds that related entities of the company will not withdraw support until such a time as the company has funds available to meet its debts and liabilities as and when they fall due.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2024 - 16 ) .

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 74,999 |  |

| AMORTISATION

| At 1 July 2024

| and 30 June 2025 | 74,999 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  |

| At 30 June 2024 | - |  |

| Goodwill relates to the acquisition of the hotels from the subsidiary companies and was written off over 20 years which at the time represented the expected life of the assets.

| The business continues to operate from those premises.

| THE HOTEL GROUP LIMITED (REGISTERED NUMBER: 03801629) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

6. | TANGIBLE FIXED ASSETS

| Fixtures |

| Long |  | and |  | Computer |

| leasehold |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2024 | 682,210 |  | 260,292 |  | 18,395 |  | 960,897 |  |

| Additions | 322,892 |  | - |  | 847 |  | 323,739 |  |

| At 30 June 2025 | 1,005,102 |  | 260,292 |  | 19,242 |  | 1,284,636 |  |

| DEPRECIATION

| At 1 July 2024 | 43,703 |  | 214,791 |  | 16,329 |  | 274,823 |  |

| Charge for year | 22,891 |  | 6,825 |  | 728 |  | 30,444 |  |

| At 30 June 2025 | 66,594 |  | 221,616 |  | 17,057 |  | 305,267 |  |

| NET BOOK VALUE

| At 30 June 2025 | 938,508 |  | 38,676 |  | 2,185 |  | 979,369 |  |

| At 30 June 2024 | 638,507 |  | 45,501 |  | 2,066 |  | 686,074 |  |

| The amounts included for long leasehold represents improvements carried out on the hotel premises, owned by the subsidiary companies.

7. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST OR VALUATION

| At 1 July 2024

| and 30 June 2025 | 8,500,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 8,500,000 |  |

| At 30 June 2024 | 8,500,000 |  |

| Cost or valuation at 30 June 2025 is represented by:

| Shares in

| group

| undertakings

£ |

| Valuation in 2016 | 1,300,000 |  |

| Valuation in 2012 | 6,763,824 |  |

| Cost | 436,176 |  |

8,500,000 |  |

| THE HOTEL GROUP LIMITED (REGISTERED NUMBER: 03801629) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

7. | FIXED ASSET INVESTMENTS - continued

| The company owns 100% of the share capital of A. A. Michaelides Limited and Margariets Limited. These are both dormant subsidiary companies which own some of the freehold properties from which the company trades.

| As at the balance sheet date the directors believe the value freehold properties are an accurate representation of the current market value. The valuation was based on a comparison with other hotel properties in the area and has been based on the lower end of market values.

8. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024 | 368,515 |  |

| Additions | 320,233 |  |

| At 30 June 2025 | 688,748 |  |

| NET BOOK VALUE

| At 30 June 2025 | 688,748 |  |

| At 30 June 2024 | 368,515 |  |

9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30/6/25 |  | 30/6/24

£ | £ |

| Amounts owed by connected companies | 21,636 |  | 21,636 |  |

| Other debtors | 36,215 |  | 63,782 |  |

57,851 |  | 85,418 |  |

10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30/6/25 |  | 30/6/24

£ | £ |

| Trade creditors | 152,162 |  | 50,819 |  |

| Amounts owed by connected companies | 205,434 |  | 109,325 |  |

| Taxation and social security | 52,073 |  | 135,910 |  |

| Other creditors | 67,268 |  | 143,861 |  |

476,937 |  | 439,915 |  |

11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30/6/25 |  | 30/6/24

£ | £ |

| Amounts owed to associates | 400,000 |  | 400,000 |  |

| THE HOTEL GROUP LIMITED (REGISTERED NUMBER: 03801629) |

Notes to the Financial Statements - continued

for the year ended 30 June 2025

12. | PROVISIONS FOR LIABILITIES

| 30/6/25 |  | 30/6/24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 9,968 |  | 11,524 |  |

| Deferred tax | 2,015,956 |  | 2,015,956 |  |

2,025,924 |  | 2,027,480 |  |

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 2,027,480 |  |

| Provided during year | (1,556 | ) |

| Balance at 30 June 2025 | 2,025,924 |  |

| The deferred tax provision, as shown above, relates to the potential future tax due should the investments held by the company be sold. The provision has been calculated based on the difference between the historic cost of the investments and the market value of those investments as at the Balance Sheet date at the future applicable corporation tax rates of 25%.

13. | RELATED PARTY DISCLOSURES

| Included within creditors: amounts falling due within one year is a balance of £205,434 (2024 - £109,325), and within creditors: amounts falling due after more than one year is a balance of £400,000 (2024 - £400,000) owed to A. A. Michaelides (Brook Green) Limited, a company under common control of the shareholders,

| Debtors includes an amount of £18,687 (2024 - £18,687) due from M&J Limited, £14,095 (2024 - £14,095) from Juan Limited, £21,104 (2024 - £21,104) from The Hotel Boutique Limited, companies that share common directorships although under the different control by virtue of shareholding. In addition, included within debtors is an amount of £266 (2024 - £266) due from AA Michaelides Limited and £266 (2024: £266) due from Margariets Limited, for which the company owns 100% of the issued share capital of both companies.