IRIS Accounts Production v25.4.0.155 NI696626 Board of Directors 31.10.25 1.11.24 31.10.25 31.10.25 true true false true true false false true false Ordinary 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh NI696626 2024-10-31 NI696626 2025-10-31 NI696626 2024-11-01 2025-10-31 NI696626 2023-10-31 NI696626 2023-11-01 2024-10-31 NI696626 2024-10-31 NI696626 ns15:NorthernIreland 2024-11-01 2025-10-31 NI696626 ns14:PoundSterling 2024-11-01 2025-10-31 NI696626 ns10:Director1 2024-11-01 2025-10-31 NI696626 ns10:Director2 2024-11-01 2025-10-31 NI696626 ns10:Consolidated 2025-10-31 NI696626 ns10:ConsolidatedGroupCompanyAccounts 2024-11-01 2025-10-31 NI696626 ns10:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 NI696626 ns10:FRS102 ns10:Consolidated 2024-11-01 2025-10-31 NI696626 ns10:Consolidated ns10:Audited 2024-11-01 2025-10-31 NI696626 ns10:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 NI696626 ns10:Consolidated ns10:LargeCompaniesRegimeForDirectorsReport 2024-11-01 2025-10-31 NI696626 ns10:Consolidated ns10:LargeCompaniesRegimeForAccounts 2024-11-01 2025-10-31 NI696626 ns10:FullAccounts 2024-11-01 2025-10-31 NI696626 ns10:OrdinaryShareClass1 2024-11-01 2025-10-31 NI696626 ns10:Consolidated 2024-11-01 2025-10-31 NI696626 ns10:Director3 2024-11-01 2025-10-31 NI696626 ns10:Director4 2024-11-01 2025-10-31 NI696626 ns10:Director5 2024-11-01 2025-10-31 NI696626 ns10:Director6 2024-11-01 2025-10-31 NI696626 ns10:Director7 2024-11-01 2025-10-31 NI696626 ns10:RegisteredOffice 2024-11-01 2025-10-31 NI696626 ns10:Consolidated 2023-11-01 2024-10-31 NI696626 ns5:ShareCapital 2025-10-31 NI696626 ns5:ShareCapital 2024-10-31 NI696626 ns5:ShareCapital 2023-10-31 NI696626 ns5:RetainedEarningsAccumulatedLosses 2023-10-31 NI696626 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 NI696626 ns5:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 NI696626 ns5:RetainedEarningsAccumulatedLosses 2025-10-31 NI696626 ns10:OrdinaryShareClass1 2025-10-31

REGISTERED NUMBER: NI696626 (Northern Ireland)

Hastings Hotels Group Limited

Group Strategic Report, Directors' Report and

Consolidated Financial Statements for the Year Ended 31 October 2025

Hastings Hotels Group Limited (Registered number: NI696626)

Contents of the Consolidated Financial Statements

for the Year Ended 31 October 2025

Page |

Company Information | 1 |

Group Strategic Report | 2 |

Directors' Report | 5 |

Independent Auditors' Report | 7 |

Consolidated Statement of Comprehensive Income | 11 |

Consolidated Balance Sheet | 12 |

Company Balance Sheet | 13 |

Consolidated Statement of Changes in Equity | 14 |

Company Statement of Changes in Equity | 15 |

Consolidated Cash Flow Statement | 16 |

Notes to the Consolidated Financial Statements | 17 |

Hastings Hotels Group Limited

Company Information

for the Year Ended 31 October 2025

| Directors: | Mr P D E Gibson

| Mrs J A H Hastings

| Mr H J Hastings

| Mrs A C L Martin

| Mr J A McGinn

| Mrs A K McKimm

| Mr J E Carson

| Registered office: | 1066 House

| 587 Upper Newtownards Road

| Belfast

| BT4 3LP

| Registered number: | NI696626 (Northern Ireland)

| Independent auditors: | Grant Thornton (NI) LLP

| 12-15 Donegall Square West

| Belfast

| Northern Ireland

| BT1 6JH

| Solicitors: | Arthur Cox

| Victoria House

| 15-17 Gloucester St

| Belfast

| BT1 4LS

Hastings Hotels Group Limited (Registered number: NI696626)

Group Strategic Report

for the Year Ended 31 October 2025

The directors present their strategic report of the Company and the Group for the year ended 31 October 2025.

Development and performance

The principal activity of the group during the year was in the hotel and catering industry in Northern Ireland.

The results for the group show turnover of £55,824,808 (2024: £53,675,886) and a pre tax profit for the year of £11,369,365 (2024: £7,562,909). The group has net assets of £41,673,675 (2024: £38,905,513). The directors consider that the outturn for the year and the year-end position to be satisfactory. The group will continue to seek every opportunity to increase profitable turnover.

Key performance indicators

The group's key performance indicators are as follows:

| 2025 |  | 2024 |

Growth in sales |  |  | 4% |  | 6% |

Growth in operating profit |  |  | 35% |  | 10% |

Gross margin |  |  | 89% |  | 89% |

Average number of employees |  |  | 916 |  | 892 |

Future developments

The external commercial environment is expected to remain competitive in 2026.

Principal risks and uncertainties

The management of the group and the execution of the group's strategy are subject to a number of risks. The key business risks affecting the company are considered to relate to competition from other licensed premises and hotel groups and employee retention. These risks are addressed by the Board carrying out regular strategic reviews and including assessments of competitor activity and the Board's active review of competitor prices and services provides protections and maximises opportunities. These risks are also addressed through strong customer service as well as investment in its people and facilities.

Financial Risk Management

Overview

The group's operations expose it to a variety of financial risks that include liquidity risk, foreign exchange risk, credit risk and interest rate risk. The group has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the group by monitoring levels of debt finance and the related finance costs. Given the size of the group, the directors have not delegated the responsibility of monitoring financial risk management to a sub-committee of the Board. The policies set by the Board of Directors are implemented by the group's finance department.

Liquidity risk

The group actively maintains a mixture of short to medium term debt finance that is designed to ensure that the group has sufficient available funds for operations and planned expansions.

Foreign exchange risk

While the greater part of the group's revenues and expenses are denominated in sterling, the group is exposed to some foreign exchange risk in the normal course of business.

Credit risk

The group implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to individual customers is subject to a limit, which is reassessed regularly by the board.

Interest rate risk

The group has both interest bearing assets and interest bearing liabilities. Interest bearing assets include cash balances, which earn interest at variable rates. Interest bearing liabilities relate to loans and overdrafts which bear interest at a variable rate.

Hastings Hotels Group Limited (Registered number: NI696626)

Group Strategic Report

for the Year Ended 31 October 2025

Section 172(1) statement

This section describes how the directors have had regard to the matters set out in section 172(1) (a) to (f), and forms the directors’ statement required under the Companies (Miscellaneous Reporting) Regulations 2018.

As part of the Board’s role it seeks to ensure that it is cognisant of the long-term impact of any decisions. To that end, the Board periodically reviews the group’s strategy and regularly seeks updates on strategic issues which may impact the business. Additionally, the Board requires management to prepare annually a Business Plan for the following year, including full year projections and funding requirements, as well as completing a review of business risks, both principal and emerging. In that context, any matters presented to the Board for approval need to align with the group’s strategy and Business Plan.

Employees

Employees are carefully recruited, inducted and developed with the company. The Chairman personally attends group welcome meetings for new employees and oversees regular reviews of human resources operations at each hotel. The group enjoys high levels of employee retention and offers training and development opportunities at all levels of the workforce. Our collaboration on management development programmes with Ulster University was recently shortlisted for a Times Higher Education Award.

Customers

Customer satisfaction is essential for repeat business and the company’s long-term sustainability. We monitor customer feedback from internally generated surveys and from external sources such as Trip Advisor and social media sites. Managers are tasked with swift follow up on any customer complaints, and to make operational changes when there are aspects of service which can be improved upon. We have a GDPR compliant customer email database to survey customers and make them aware of special offers and companywide activities.

Suppliers

For our hotel/hospitality business, 6 properties geographically spread over Northern Ireland, a high level of customer service is required from our suppliers, as well as a keen price. That is why we have worked to select them carefully and have cultivated business relationships over many years of training. Where possible, we source our produce locally, be this food & beverages, or for our building materials and furnishings. This enables us to have frequent engagements with suppliers who make their livelihoods in the same community as we do, and in return we achieve strong community support for our business from our supplier base.

Other key stakeholders

We work enthusiastically with our sectoral trade bodies and participate on their committees and representative structures to ensure that we can make common cause for the entire sector in which we operate over areas of mutual concern.

Community and environment

At Hastings Hotels we are committed to environmentally friendly initiatives without compromising the comfort, standards and enjoyment of our guests. We recognise the impact of our hotels on the environment and are committed to conducting our business in a way that ensures environmental sustainability for future generations.

How stakeholders’ interests have influenced decision making

The Hastings Hotels group recognises the importance of engaging with stakeholders to help inform strategy and Board decision-making. Relevant stakeholder interests, including those of employees, customers, suppliers, regulators and others are taken into account by the Board when it takes decisions. Principal decisions are those which are material, or of strategic importance, and also those which are significant to any of the group’s key stakeholder groups.

Engagement with employees

Applications for employment by disabled persons are always fully considered, bearing in mind the respective aptitudes and abilities of the applicant concerned. In the event of members of staff becoming disabled every effort is made to ensure that their employment with the company continues and the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of a disabled person should, as far as possible, be identical to that of a person who does not suffer from a disability. Consultation with employees or their representatives has continued at all levels, with the aim of ensuring that their views are taken into account when decisions are made that are likely to affect their interests and that all employees are aware of the financial and economic performance of the company.

Hastings Hotels Group Limited (Registered number: NI696626)

Group Strategic Report

for the Year Ended 31 October 2025

Engagement with suppliers, customers and others

Environment

The group recognises its corporate responsibility to carry out its operations whilst minimising environmental impacts. The directors' continued aim is to comply with all applicable environmental legislation, prevent pollution and reduce waste wherever possible.

Health and safety

The group is committed to achieving the highest practicable standards in health and safety management and strives to make all sites and offices safe environments for employees and customers alike.

Human Resources

The group's most important resource is its people; their knowledge and experience is crucial to meeting customer requirements. Retention of key staff is critical and the company has invested increasingly in employment training and development and has introduced appropriate incentive and career progression arrangements.

On behalf of the board:

Mr H J Hastings - Director

20 March 2026

Hastings Hotels Group Limited (Registered number: NI696626)

Directors' Report

for the Year Ended 31 October 2025

The directors present their report with the financial statements of the Company and the Group for the year ended 31 October 2025.

Business review, position, employees, financial risk management and future developments

A review of the business, position and performance at the year end, employees, financial risk management and future developments are detailed in the Group Strategic Report and are included in this report by cross reference.

Principal activity

The principal activity of the Group in the year under review was that of hotel and catering industry services in Northern Ireland.

Dividends

An interim dividend of 2.92 per share was paid on 23 May 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 October 2025 will be £ 5,000,000 .

Directors

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

Mr P D E Gibson

Mrs J A H Hastings

Mr H J Hastings

Mrs A C L Martin

Mr J A McGinn

Mrs A K McKimm

Mr J E Carson

Post balance sheet events

There are no post balance sheet events to report.

Principal risks and uncertainties

The principal risks and uncertainties are detailed in the strategic report and included in this report by cross reference.

Streamlined energy and carbon reporting

| 2025 |  | 2024 |

Direct emissions (scope 1) |  |

Combustion of gas, fuel oil and use of fuel for transport |  |

KwH |  |  | 11,958,432 |  | 12,550,125 |

tCO2e |  |  | 2,234 |  | 2,337 |

Indirect emissions (scope 2) |  |

Purchase or electricity |  |

KwH |  |  | 6,321,977 |  | 6,339,976 |

tCO2e |  |  | 1,106 |  | 1,299 |

Intensity measures |  |

tCO2e per £m revenue |  |  | 60 |  | 68 |

kg CO2e per occupied room |  |  | 16 |  | 16 |

Methodologies used

We have followed HM Government’s environmental Reporting Guidelines on Streamlined Energy and Carbon Reporting (SECR). Supplier invoicing data has been used to record actual energy consumption across the group. Government conversion factors have then been applied to convert this into CO2 emissions.

Intensity measurement

We have chosen GHG emissions per occupied room (kgCO2e per occupied room) and per £m of revenue (tCO2e per £m) as our intensity measurements as these are common metrics in our industry sector.

Energy efficient action

At Hastings Hotels we actively implement measures to reduce our energy consumption and costs. Since 2009, our energy consumption has fallen by 25%.

Hastings Hotels Group Limited (Registered number: NI696626)

Directors' Report

for the Year Ended 31 October 2025

Measures taken include:

- |  | LED lighting has been installed where possible throughout our hotels. |

- |  | Boiler efficiency audits have highlighted the need to replace with more energy efficient boilers which has been completed. |

- |  | In periods of low occupancy, sections of each hotel are isolated to allow heating and lighting to be economised upon. |

- |  | Combined Heat and Power (CHP) units generating electricity and reducing CO2 emissions are now in operation in the majority of our Hotels, replacing less efficient oil-fuel boilers. |

- |  | We encourage staff to ensure that all computers, printers, heat and light are turned off when not in use. |

- |  | Temperature of spa pools is carefully monitored to ensure that they are heated as efficiently as possible. We encourage staff to ensure that all computers, printers, heat and light are turned off when not in use. |

During the current year, our energy consumption and carbon emissions both decreased in absolute terms by 8%, and the intensity metric also further improved, with the tonnes of CO2 emitted per £'m of revenue falling by 12% (2024: 7%).

Statement of directors' responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are 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 directors are required to:

- |  | select suitable accounting policies and then apply them consistently; |

- |  | state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect of and the reasons for any material departure from those standards |

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

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

The directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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 directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the Group's auditors are aware of that information.

Auditors

The auditors, Grant Thornton (NI) LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

Mr H J Hastings - Director

20 March 2026

Independent Auditors' Report to the Members of

Hastings Hotels Group Limited

Opinion

We have audited the financial statements of Hastings Hotels Group Limited (the "Company") and its subsidiaries (the "Group''), which comprise the Consolidated Statement of Comprehensive Income, the Consolidated and the Company Balance Sheet, the Consolidated and the Company Statement of Changes in Equity and the Consolidated Cash Flow Statement for the year ended 31 October 2025, and the related notes to the financial statements, including a summary of significant accounting policies.

The financial reporting framework that has been applied in the preparation of the financial statements is applicable law and FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).

In our opinion, Hastings Hotels Group Limited's financial statements:

- |  | give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice of theassets, liabilities and financial position of the Group and the Company as at 31 October 2025 and of the Group financial performance and cash flows for the year then ended; and |

- |  | have been properly 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 Group and Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the FRC's Ethical Standard and the ethical pronouncements established by Chartered Accountants Ireland, applied as determined to be appropriate in the circumstances for the entity. 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

Other information comprises information included in the annual report, other than the financial statements and our auditor's report thereon, including the Group Strategic Report and the Directors' Report. The directors are responsible for the other information. 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 in the financial statements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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 Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Independent Auditors' Report to the Members of

Hastings Hotels Group Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.

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 by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

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

- | certain disclosures of directors' remuneration specified by law are not made; or

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

Responsibilities of directors

As explained more fully in the Statement of directors' responsibilities, the directors are responsible for the preparation of the financial statements which give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice, including FRS 102, and for such internal control as directors determine necessary to enable the preparation of financial statements are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Group and 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 management either intends to liquidate the Group or Company to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Group and Company's financial reporting process.

Independent Auditors' Report to the Members of

Hastings Hotels Group Limited

Auditors' responsibilities for the audit of the financial statements

The objectives of an auditor 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 an auditor's report that includes their 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.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Based on our understanding of the Group and industry, we identified that the principal risks of non-compliance with laws and regulations related Data Privacy law, Employment Law, Environmental Regulations, Pensions Legislation, Health & Safety, and we considered the extent to which non-compliance might have a material effect on the financial statements. 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 UK tax legislation. The Audit engagement partner considered the experience and expertise of the engagement team to ensure that the team had appropriate competence and capabilities to identify or recognise non-compliance with the laws and regulation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial performance and management bias through judgements and assumptions in significant accounting estimates, in particular in relation to significant one-off or unusual transactions. We apply professional scepticism through the audit to consider potential deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statements.

In response to these principal risks, our audit procedures included but were not limited to:

- |  | enquiries of management on the policies and procedures in place regarding compliance with laws and regulations, including consideration of known or suspected instances of non-compliance and whether they have knowledge of any actual, suspected or alleged fraud; |

- |  | inspection of the Group's regulatory and legal correspondence and review of minutes of directors' meetings during the year to corroborate enquiries made; |

- |  | gaining an understanding of the entity's current activities, the scope of authorisation and the effectiveness of its control environment to mitigate risks related to fraud; |

- |  | discussion amongst the engagement team in relation to the identified laws and regulations and regarding the risk of fraud, and remaining alert to any indications of non-compliance or opportunities for fraudulent manipulation of financial statements throughout the audit; |

- |  | identifying and testing journal entries to address the risk of inappropriate journals and management override of controls; |

- |  | designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing; |

- |  | challenging assumptions and judgements made by management in their significant accounting estimates, including useful life of property and property valuation; |

- |  | review of the financial statement disclosures to underlying supporting documentation and enquiries of management. |

The primary responsibility for the prevention and detection of irregularities including fraud rests with those charged with governance and management. As with any audit, there remains a risk of non-detection or irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or override of internal controls.

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 Auditors' Report.

Independent Auditors' Report to the Members of

Hastings Hotels Group Limited

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 an Auditors' Report 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.

Louise Kelly (Senior Statutory Auditor)

for and on behalf of Grant Thornton (NI) LLP

12-15 Donegall Square West

Belfast

Northern Ireland

BT1 6JH

20 March 2026

Hastings Hotels Group Limited (Registered number: NI696626)

Consolidated Statement of Comprehensive Income

for the Year Ended 31 October 2025

| 2025 |  | 2024

| Notes | £ | £ |

Turnover | 4 | 55,824,808 |  | 53,675,886 |  |

Cost of sales | (6,371,168 | ) | (6,012,783 | ) |

Gross profit | 49,453,640 |  | 47,663,103 |  |

Administrative expenses | (38,164,390 | ) | (39,327,174 | ) |

11,289,250 |  | 8,335,929 |  |

Other operating income | 5 | 283,564 |  | 259,923 |  |

Operating profit | 11,572,814 |  | 8,595,852 |  |

Interest receivable and similar income | 1,358,266 |  | 922,556 |  |

Interest payable and similar expenses | 8 | (1,561,715 | ) | (1,955,499 | ) |

Profit before taxation | 9 | 11,369,365 |  | 7,562,909 |  |

Tax on profit | 10 | (3,601,204 | ) | (2,710,095 | ) |

Profit for the financial year | 7,768,161 |  | 4,852,814 |  |

Other comprehensive income | - |  | - |  |

Total comprehensive income for the year | 7,768,161 |  | 4,852,814 |  |

Profit attributable to:

Owners of the parent | 7,768,161 |  | 4,852,814 |  |

Total comprehensive income attributable to:

Owners of the parent | 7,768,161 |  | 4,852,814 |  |

Hastings Hotels Group Limited (Registered number: NI696626)

Consolidated Balance Sheet

31 October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 13 | 50,918,641 |  | 53,353,421 |  |

Investments | 14 | - |  | - |  |

Investment property | 15 | 2,562,277 |  | 2,538,272 |  |

53,480,918 |  | 55,891,693 |  |

Current assets

Stocks | 16 | 418,872 |  | 390,637 |  |

Debtors | 17 | 3,105,721 |  | 3,875,874 |  |

Cash at bank | 2,027,813 |  | 221,854 |  |

5,552,406 |  | 4,488,365 |  |

Creditors

Amounts falling due within one year | 18 | 12,923,574 |  | 17,375,166 |  |

Net current liabilities | (7,371,168 | ) | (12,886,801 | ) |

Total assets less current liabilities | 46,109,750 |  | 43,004,892 |  |

Provisions for liabilities | 19 | (3,085,269 | ) | (2,691,729 | ) |

Accruals and deferred income | 20 | (1,350,806 | ) | (1,407,650 | ) |

Net assets | 41,673,675 |  | 38,905,513 |  |

Capital and reserves

Called up share capital | 21 | 171,036,580 |  | 171,036,580 |  |

Revaluation reserve | 22 | 1,087,094 |  | 1,087,094 |  |

Other reserves | 22 | (170,740,705 | ) | (170,740,705 | ) |

Retained earnings | 22 | 40,290,706 |  | 37,522,544 |  |

Shareholders' funds | 41,673,675 |  | 38,905,513 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2026 and were signed on its behalf by:

Mr P D E Gibson - Director

Hastings Hotels Group Limited (Registered number: NI696626)

Company Balance Sheet

31 October 2025

| 2025 |  | 2024

| Notes | £ | £ |

Fixed assets

Tangible assets | 13 | - |  | - |  |

Investments | 14 | 171,036,580 |  | 171,036,580 |  |

Investment property | 15 | - |  | - |  |

171,036,580 |  | 171,036,580 |  |

Total assets less current liabilities | 171,036,580 |  | 171,036,580 |  |

Capital and reserves

Called up share capital | 21 | 171,036,580 |  | 171,036,580 |  |

Shareholders' funds | 171,036,580 |  | 171,036,580 |  |

Company's profit for the financial year | 5,000,000 |  | - |  |

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2026 and were signed on its behalf by:

Mr P D E Gibson - Director

Hastings Hotels Group Limited (Registered number: NI696626)

Consolidated Statement of Changes in Equity

for the Year Ended 31 October 2025

| Called up |

| share |  | Retained |  | Revaluation |  | Other |  | Total

| capital |  | earnings |  | reserve |  | reserves |  | equity

£ | £ | £ | £ | £ |

Balance at 1 November 2023 | 171,036,580 |  | 32,669,730 |  | 1,087,094 |  | (170,740,705 | ) | 34,052,699 |  |

Changes in equity

Total comprehensive income | - |  | 4,852,814 |  | - |  | - |  | 4,852,814 |  |

Balance at 31 October 2024 | 171,036,580 |  | 37,522,544 |  | 1,087,094 |  | (170,740,705 | ) | 38,905,513 |  |

Changes in equity

Dividends | - |  | (5,000,000 | ) | - |  | - |  | (5,000,000 | ) |

Total comprehensive income | - |  | 7,768,161 |  | - |  | - |  | 7,768,161 |  |

Balance at 31 October 2025 | 171,036,580 |  | 40,290,705 |  | 1,087,094 |  | (170,740,705 | ) | 41,673,674 |  |

Hastings Hotels Group Limited (Registered number: NI696626)

Company Statement of Changes in Equity

for the Year Ended 31 October 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 November 2023 | 171,036,580 |  | - |  | 171,036,580 |  |

Changes in equity

Balance at 31 October 2024 | 171,036,580 |  | - |  | 171,036,580 |  |

Changes in equity

Dividends | - |  | (5,000,000 | ) | (5,000,000 | ) |

Total comprehensive income | - |  | 5,000,000 |  | 5,000,000 |  |

Balance at 31 October 2025 | 171,036,580 |  | - |  | 171,036,580 |  |

Hastings Hotels Group Limited (Registered number: NI696626)

Consolidated Cash Flow Statement

for the Year Ended 31 October 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 25 | 16,240,719 |  | 15,335,520 |  |

Interest paid | (1,561,715 | ) | (1,955,499 | ) |

Tax paid | (2,775,665 | ) | (2,310,527 | ) |

Net cash from operating activities | 11,903,339 |  | 11,069,494 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (2,482,876 | ) | (1,597,603 | ) |

Purchase of investment property | (24,005 | ) | - |  |

Sale of tangible fixed assets | 9,300 |  | 47,841 |  |

Interest received | 1,358,266 |  | 922,556 |  |

Net cash from investing activities | (1,139,315 | ) | (627,206 | ) |

Cash flows from financing activities

Movement in related party loans | (3,958,065 | ) | (10,774,721 | ) |

Equity dividends paid | (5,000,000 | ) | - |  |

Net cash from financing activities | (8,958,065 | ) | (10,774,721 | ) |

Increase/(decrease) in cash and cash equivalents | 1,805,959 |  | (332,433 | ) |

Cash and cash equivalents at beginning of year | 26 | 221,854 |  | 554,287 |  |

Cash and cash equivalents at end of year | 26 | 2,027,813 |  | 221,854 |  |

Hastings Hotels Group Limited (Registered number: NI696626)

Notes to the Consolidated Financial Statements

for the Year Ended 31 October 2025

1. | Statutory information

| The group and company's principal activities during the year were in the hotel and catering industry in Northern Ireland.

| The company is a private company, limited by shares and is registered in Northern Ireland, within the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

| The functional and presentation currency of the financial statements is the Pound sterling (£).

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.

| The following accounting policies have been applied consistently unless otherwise stated.

| Going Concern

| The group's activities, together with factors likely to affect its future development, performance and position are continuously reviewed by the directors. These include the group's cashflow, liquidity position and borrowing facilities. As a consequence, the directors believe that the group is well placed to manage its business risks successfully despite the current uncertain economic outlook. The company meets its day to day working capital requirements through its bank overdraft facility.

| The directors are confident that the company has adequate resources to continue its normal business with the support of its shareholders for the foreseeable future, and accordingly they continue to adopt the going concern basis in preparing the Directors' report and financial statements.

| Basis of consolidation

| The group financial statements comprise the financial statements of Hastings Hotels Group Limited ("the company") and its subsidiaries, together, "the group". The financial statements of subsidiaries are prepared for the same reporting year as the parent company, using consistent accounting policies.

| A subsidiary is an entity controlled, either directly or indirectly, by the group, where control is the power to govern the financial and operating policies of the entity so as to obtain benefit from its activities. The purchase method of accounting is used to account for the acquisition of subsidiaries by the group.

| All inter-company balances and transactions, including unrealised profits arising from inter-group transactions, are eliminated on consolidation.

| 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.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Hastings Hotels Group Limited (Registered number: NI696626)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 October 2025

2. | Accounting policies - continued

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the Turnover can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue is primarily derived from the sources below and is generally recognised as services are rendered and when collectability is reasonably assured. Amounts received in advance of revenue recognition are deferred as liabilities.

| Hotel Revenue primarily consists of room rentals, food and beverage sales and other ancillary goods and services. Revenue is recorded when rooms are occupied, or goods and services have delivered or rendered.

| Other operating income

| Rental income is accounted for on an accruals basis.

| Finance Costs

| Finance costs are charged to the Consolidated Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

| Tangible fixed assets

| Tangible assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method. Land is not depreciated.

| Depreciation is provided on the following bases:

| Freehold and long leasehold property: |  | 2% straight line |  |

| Plant and machinery: |  | 12.5% straight line |  |

| Motor vehicles: |  | 25% reducing balance |  |

| Fixtures and fittings: |  | 12.5% straight line |  |

| Computer equipment: |  | 12.5% straight line |  |

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Investment property

| Investment properties are stated at fair value. Changes in fair value are recognised in the Consolidated Statement of Comprehensive Income. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

| Stocks

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

| At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling priceless costs to complete and sell. The impairment loss is recognised immediately in the Consolidated Statement of Comprehensive Income.

Hastings Hotels Group Limited (Registered number: NI696626)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 October 2025

2. | Accounting policies - continued

| Financial instruments

| The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans from other parties and investments in ordinary shares.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| Investments in ordinary and preference shares are measured:

| - |  | at fair value with changes recognised in the Consolidated Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably; |  |

| - |  | at cost less impairment for all other investments. |  |

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Consolidated Statement of Comprehensive Income.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hastings Hotels Group Limited (Registered number: NI696626)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 October 2025

2. | Accounting policies - continued

| Pension costs and other post-retirement benefits

| Defined contribution pension plan

| The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

| The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Group in independently administered funds.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to the Consolidated Statement of Comprehensive Income in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Hastings Hotels Group Limited (Registered number: NI696626)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 October 2025

3. | Critical accounting judgements and key sources of estimation uncertainty

| (a) Critical judgements in applying the company's accounting policies

| There are no critical judgements in applying the entity's accounting policies.

| (b) Critical accounting estimates and assumptions

| Key sources of estimation uncertainty

| Preparation of the financial statements required the directors to make significant judgements and estimates. Key assumptions concerning the future and other key sources of estimation uncertainty at the Balance sheet date, that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities with the next financial year are discussed below.

| Useful life of property

| The annual depreciation charge for the tangible assets is sensitive to changes in the estimates made to the useful lives and residual values of assets. The useful economic lives and residual values reassessed on annually. They are amended when it is deemed necessary to reflect current estimates based on future investments, economic utilisation and physical condition.The net book value of these assets is shown in Note 13 to the financial statements.

| Property valuation

| Investment properties are measured at revalued amount for financial reporting purposes, with the value of £2,562,277 at the Balance Sheet date (2024: £2,538,272). The fair value calculation utilised the current market value for the properties as determined by the Directors.

4. | Turnover

| All turnover arose from the principal activity within the United Kingdom.

5. | Other operating income

| 2025 |  | 2024

£ | £ |

| Rental Income | 283,564 |  | 259,923 |  |

6. | Employees and directors

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 17,099,292 |  | 15,914,661 |  |

| Social security costs | 1,516,397 |  | 1,189,633 |  |

| Other pension costs | 365,751 |  | 359,622 |  |

18,981,440 |  | 17,463,916 |  |

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

| 2025 |  | 2024

| Full Time | 422 |  | 415 |  |

| Part Time | 494 |  | 477 |  |

916 |  | 892 |  |

| The above numbers relate to the group as a whole. The company had no employees during 2025 (2024: nil).

Hastings Hotels Group Limited (Registered number: NI696626)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 October 2025

7. | Directors' emoluments

|  | 2025 |  |  | 2024 |

| £ |  |  | £ |  |

| Directors' remuneration |  | 740,211 |  |  | 767,405 |

| Directors' pension contributions to money purchase schemes |  | 43,464 |  |  | 60,890 |

|  | 783,675 |  |  | 828,295 |

| The number of directors to whom retirement benefits were accruing was as follows:

|  | 2025 |  |  | 2024 |

| Money purchase schemes |  | 2 |  |  | 2 |

| Defined benefit schemes |  | - |  |  | - |

| The highest paid director received remuneration of £248,375 (2024: £232,978) including pension contributions of £24,888 (2024: £23,744). Key management is defined as the directors disclosed above.

8. | Interest payable and similar expenses |

| 2025 |  | 2024

£ | £ |

| Bank interest | 5 |  | 58 |  |

| Interest expense | 1,561,710 |  | 1,955,441 |  |

1,561,715 |  | 1,955,499 |  |

9. | Profit before taxation

| The profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 4,916,599 |  | 4,972,347 |  |

| Profit on disposal of fixed assets | (8,241 | ) | (7,223 | ) |

| The auditing of accounts of any associate of the company | 58,975 |  | 72,280 |  |

| The auditing of accounts of the company | 6,901 |  | 6,700 |  |

| Taxation compliance services | 18,843 |  | 22,305 |  |

10. | Taxation

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 3,207,668 |  | 1,259,685 |  |

| Adjustments for prior periods | (3 | ) | 6 |  |

| Total current tax | 3,207,665 |  | 1,259,691 |  |

| Deferred tax:

| Origination and reversal of timing differences | 393,539 |  | 1,450,404 |  |

| Tax on profit | 3,601,204 |  | 2,710,095 |  |

| UK corporation tax has been charged at 25 % (2024 - 25 %).

Hastings Hotels Group Limited (Registered number: NI696626)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 October 2025

10. | Taxation - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 11,369,365 |  | 7,562,909 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 2,842,341 |  | 1,890,727 |  |

| Effects of:

| Expenses not deductible for tax purposes | 773,077 |  | 833,573 |  |

| Income not taxable for tax purposes | (14,211 | ) | (14,211 | ) |

| Adjustments to tax charge in respect of previous periods | (3 | ) | 6 |  |

| Total tax charge | 3,601,204 |  | 2,710,095 |  |

11. | Individual statement of comprehensive income

| As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

12. | Dividends

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each

| Interim | 5,000,000 |  | - |  |

13. | Tangible fixed assets

| Group

| Freehold |  | Long |  | Plant and

| property |  | leasehold |  | machinery

£ | £ | £ |

| Cost

| At 1 November 2024 | 67,913,602 |  | 7,038,080 |  | 35,720,521 |  |

| Additions | 29,871 |  | - |  | 1,153,694 |  |

| Disposals | - |  | - |  | - |  |

| At 31 October 2025 | 67,943,473 |  | 7,038,080 |  | 36,874,215 |  |

| Depreciation

| At 1 November 2024 | 25,666,789 |  | 3,938,102 |  | 31,921,717 |  |

| Charge for year | 1,365,794 |  | 140,763 |  | 1,816,977 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 October 2025 | 27,032,583 |  | 4,078,865 |  | 33,738,694 |  |

| Net book value

| At 31 October 2025 | 40,910,890 |  | 2,959,215 |  | 3,135,521 |  |

| At 31 October 2024 | 42,246,813 |  | 3,099,978 |  | 3,798,804 |  |

Hastings Hotels Group Limited (Registered number: NI696626)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 October 2025

13. | Tangible fixed assets - continued

| Group

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| Cost

| At 1 November 2024 | 29,448,385 |  | 84,777 |  | 550,014 |  | 140,755,379 |  |

| Additions | 1,039,428 |  | 45,999 |  | 213,884 |  | 2,482,876 |  |

| Disposals | - |  | (18,800 | ) | - |  | (18,800 | ) |

| At 31 October 2025 | 30,487,813 |  | 111,976 |  | 763,898 |  | 143,219,455 |  |

| Depreciation

| At 1 November 2024 | 25,722,693 |  | 20,117 |  | 132,538 |  | 87,401,956 |  |

| Charge for year | 1,482,038 |  | 27,400 |  | 83,627 |  | 4,916,599 |  |

| Eliminated on disposal | - |  | (17,741 | ) | - |  | (17,741 | ) |

| At 31 October 2025 | 27,204,731 |  | 29,776 |  | 216,165 |  | 92,300,814 |  |

| Net book value

| At 31 October 2025 | 3,283,082 |  | 82,200 |  | 547,733 |  | 50,918,641 |  |

| At 31 October 2024 | 3,725,692 |  | 64,660 |  | 417,476 |  | 53,353,423 |  |

| Tangible assets included secured assets with a net book value of £8,870,952 (2024: £8,707,433).

| Company

| The company has no tangible fixed assets (2024: £nil)

14. | Fixed asset investments

| Company |  |

|  | Shares in group undertakings |  |

| £ |  |

| Cost |  |

| At 31 October 2024 and 2025 |  | 171,036,580 |  |

| Net book value |  |

| At 31 October 2024 and 2025 |  | 171,036,580 |  |

| Subsidiary undertakings

| The following are subsidiary undertakings of the company:

| Name |  | Country of Incorporation |  | Class of shares |  | Holding |  | Principal activity |  |

| Hastings Hotels Management Limited |  | United Kingdom |  | Ordinary |  | 100% |  | Hotel and catering |  |

| HHG No.1 Limited |  | United Kingdom |  | Ordinary |  | 100% |  | Hotel and catering |  |

| HHG No.2 Limited |  | United Kingdom |  | Ordinary |  | 100% |  | Hotel and catering |  |

| HHG No.3 Limited |  | United Kingdom |  | Ordinary |  | 100% |  | Hotel and catering |  |

| HHG No.4 Limited |  | United Kingdom |  | Ordinary |  | 100% |  | Hotel and catering |  |

| HHG No.5 Limited |  | United Kingdom |  | Ordinary |  | 100% |  | Hotel and catering |  |

| HHG No.6 Limited |  | United Kingdom |  | Ordinary |  | 100% |  | Hotel and catering |  |

| The registered office address of the above subsidiary undertakings is 1066 House, 587 Upper Newtownards Road, Belfast BT4 3LP.

Hastings Hotels Group Limited (Registered number: NI696626)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 October 2025

15. | Investment property

| Group

| Total

£ |

| Fair value

| At 1 November 2024 | 2,538,272 |  |

| Additions | 24,005 |  |

| At 31 October 2025 | 2,562,277 |  |

| Net book value

| At 31 October 2025 | 2,562,277 |  |

| At 31 October 2024 | 2,538,272 |  |

| Fair value at 31 October 2025 is represented by:

£ |

| Valuation in 2019 | 467,972 |  |

| Valuation in 2022 | 568,828 |  |

| Cost | 1,525,477 |  |

2,562,277 |  |

16. | Stocks

| Group |

2025 | 2024 |

£ | £ |

| Finished goods | 418,872 |  | 390,637 |  |

| The replacement value of stock is not materially different from the disclosed amounts at year end. The company has no stock (2024: £nil).

17. | Debtors: amounts falling due within one year |

| Group |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,400,830 |  | 2,131,272 |  |

| Other debtors | 96,342 |  | 39,801 |  |

| Corporation tax receivable | - |  | 167,007 |  |

| VAT | 764,899 |  | 776,209 |  |

| Prepayments | 843,650 |  | 761,585 |  |

3,105,721 |  | 3,875,874 |  |

| The company has no debtors (2024: £nil).

Hastings Hotels Group Limited (Registered number: NI696626)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 October 2025

18. | Creditors: amounts falling due within one year |

| Group |

2025 | 2024 |

£ | £ |

| Trade creditors | 4,217,348 |  | 3,736,736 |  |

| Amounts owed to group undertakings | - |  | 3,958,065 |  |

| Corporation tax payable | 264,993 |  | - |  |

| Social security and other taxes | 2,084,960 |  | 1,953,763 |  |

| Other creditors | 65,897 |  | 44,171 |  |

| Guest deposits received | 1,589,208 |  | 2,204,985 |  |

| Accruals and deferred income | 4,701,168 |  | 5,477,446 |  |

12,923,574 |  | 17,375,166 |  |

| The company has no creditors (2024: £nil). The amount accrued by the Group at 31 October 2025 for pensions payable was £46,699 (2024: £42,173).

19. | Provisions for liabilities

| Group |

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 2,824,856 |  | 2,429,343 |  |

| Other timing differences | 260,413 |  | 262,386 |  |

3,085,269 |  | 2,691,729 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 November 2024 | 2,691,729 |  |

| Charge to Statement of Comprehensive Income during year | 393,540 |  |

| Balance at 31 October 2025 | 3,085,269 |  |

20. | Accruals and deferred income

| Group |

2025 | 2024 |

£ | £ |

| Deferred government grants | 1,350,806 |  | 1,407,650 |  |

| The company has no accruals / deferred income (2024: £nil).

21. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 171,036,580 | Ordinary | £1 | 171,036,580 |  | 171,036,580 |  |

Hastings Hotels Group Limited (Registered number: NI696626)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 October 2025

22. | Reserves

| Group

| Retained |  | Revaluation |  | Other |

| earnings |  | reserve |  | reserves |  | Totals

£ | £ | £ | £ |

| At 1 November 2024 | 37,522,545 |  | 1,087,094 |  | (170,740,705 | ) | (132,131,066 | ) |

| Profit for the year | 7,768,161 |  | 7,768,161 |  |

| Dividends | (5,000,000 | ) | (5,000,000 | ) |

| At 31 October 2025 | 40,290,706 |  | 1,087,094 |  | (170,740,705 | ) | (129,362,905 | ) |

23. | Contingent liabilities

| The company, together with its subsidiary undertakings, has signed a joint and several letter of unlimited cross guarantee to secure the overdrafts of the group companies. There are no present indications that the group will be called on to honour its overdraft guarantee.

| There is also a contingent liability to repay certain government grants received under terms of letters of offer from the Tourism Northern Ireland and Invest NI if the group fails to comply with stated conditions. In the opinion of the directors the terms of the letter of offer have been complied with and no loss is expected.

24. | Ultimate controlling party

| The ultimate controlling party is The Hastings family.

25. | Reconciliation of profit for the financial year to cash generated from operations

| 2025 |  | 2024

£ | £ |

| Profit for the financial year | 7,768,161 |  | 4,852,814 |  |

| Depreciation charges | 4,916,599 |  | 4,972,347 |  |

| Profit on disposal of fixed assets | (8,241 | ) | (7,223 | ) |

| Release of capital grant | (56,844 | ) | (56,844 | ) |

| Finance costs | 1,561,715 |  | 1,955,499 |  |

| Finance income | (1,358,266 | ) | (922,556 | ) |

| Taxation | 3,601,204 |  | 2,710,095 |  |

16,424,328 |  | 13,504,132 |  |

| Increase in stocks | (28,235 | ) | (26,342 | ) |

| Decrease in trade and other debtors | 603,145 |  | 489,975 |  |

| (Decrease)/increase in trade and other creditors | (758,519 | ) | 1,367,755 |  |

| Cash generated from operations | 16,240,719 |  | 15,335,520 |  |

26. | 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 31 October 2025

| 31.10.25 |  | 1.11.24

£ | £ |

| Cash and cash equivalents | 2,027,813 |  | 221,854 |  |

| Year ended 31 October 2024

| 31.10.24 |  | 1.11.23

£ | £ |

| Cash and cash equivalents | 221,854 |  | 554,287 |  |

Hastings Hotels Group Limited (Registered number: NI696626)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 October 2025

27. | Analysis of changes in net funds

| At 1.11.24 | Cash flow | At 31.10.25

£ | £ | £ |

| Net cash |

| Cash at bank | 221,854 |  | 1,805,959 |  | 2,027,813 |  |

221,854 |  | 1,805,959 |  | 2,027,813 |  |

| Total | 221,854 |  | 1,805,959 |  | 2,027,813 |  |