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# FATTAL GATESHEAD LIMITED

## Company Registration Number:
15843497 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 17 July 2024

## End date: 31 December 2024

# FATTAL GATESHEAD LIMITED

## Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# FATTAL GATESHEAD LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity is that of a property company which owns a property in Newcastle which is operated as a hotel.

Directors

The directors shown below have held office during the whole of the period from
17 July 2024 to 31 December 2024

Darren Guy
Jason Carruthers

Secretary Emmet Bergin

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 December 2025

And signed on behalf of the board by:
Name: Darren Guy
Status: Director

# FATTAL GATESHEAD LIMITED

## Profit And Loss Account

for the Period Ended 31 December 2024

| 5 months to 31 December 2024
--- | ---
| £
Turnover: | 180,000 |
Cost of sales: | 0 |
Gross profit(or loss): | 180,000
Administrative expenses: | ( 12,000 ) |
Other operating income: | 50,000 |
Operating profit(or loss): | 218,000
Interest payable and similar charges: | ( 157,000 ) |
Profit(or loss) before tax: | 61,000
Profit(or loss) for the financial year: | 61,000

# FATTAL GATESHEAD LIMITED

## Balance sheet

As at 31 December 2024

| Notes | 5 months to 31 December 2024
--- | --- | ---
|  | £
Fixed assets
Tangible assets: | 3 | 18,420,000 |
Total fixed assets: |  | 18,420,000
Current assets
Cash at bank and in hand: |  | 31,000 |
Total current assets: |  | 31,000
Creditors: amounts falling due within one year: | 4 | ( 16,000 ) |
Net current assets (liabilities): |  | 15,000
Total assets less current liabilities: |  | 18,435,000
Creditors: amounts falling due after more than one year: | 5 | ( 15,626,000 ) |
Total net assets (liabilities): |  | 2,809,000
Capital and reserves
Called up share capital: |  | 1,000 |
Share premium account: |  | 2,747,000 |
Profit and loss account: |  | 61,000 |
Total Shareholders' funds: |  | 2,809,000

The notes form part of these financial statements

# FATTAL GATESHEAD LIMITED

## Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 16 December 2025
and signed on behalf of the board by:

Name: Darren Guy
Status: Director

The notes form part of these financial statements

# FATTAL GATESHEAD LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Revenue comprised of rental receipts which are recognised in line with the service being provided.

  Valuation information and policy

  Investment property, which is property held to earn rentals and/or for capital appreciation, is measured initially at cost, including transaction costs. Subsequent to initial recognition, investment property is measured at fair value. Gains or losses arising from changes in the fair value of investment property are included in profit or loss in the period in which they arise. An investment property is derecognised upon disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from the disposal. Any gain or loss arising on derecognition of the property (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in profit or loss in the period in which the property is derecognised. The external valuation of properties have been prepared in accordance with the “RICS Valuation – Global Standards (incorporating the IVSC International Valuation Standards) effective from 31 January 2022 together, where applicable, with the UK National Supplement effective 14 January 2019, together the “Red Book” and is undertaking by independent valuers who hold recognised and relevant professional qualifications and have recent experience in the locations and categories of properties being valued. Fair value measurements are categorised into Level 1, 2 or 3 based on the degree to which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows: - Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date; - Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly; and - Level 3 inputs are unobservable inputs for the asset or liability.

  Other accounting policies

  Current and deferred taxation The current income tax charge is calculated on the basis of the tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income. Deferred tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying values in the financial statements. The deferred tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction, other than a business combination, that at the time of the transaction does not affect either the accounting or taxable profit or loss. Deferred tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled. Deferred tax assets are recognised to the extent that it is probable that future taxable profit will be available against which temporary differences can be utilised. Interest income Interest income is recognised in the Statement of Comprehensive Income using the effective interest method. Finance cost Finance costs are charged to the 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. Trade and other receivables Trade and other receivables are recognised and carried at original invoice value less an allowance for any uncollectible amounts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written off when identified. Financial liabilities The Company’s financial liabilities comprise trade and other payables, accruals and amounts owed to group undertakings. Financial liabilities are obligations to pay cash or other financial assets and are recognised when the Company becomes a party to the contractual provisions of the instruments. Creditors Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Short term creditors are measure at the transition price. Long term creditors are measured at their fair value. Equity Equity comprises the following: Share capital represents the nominal value of equity shares. Retained earnings represents the accumulated profits and losses of the company

# FATTAL GATESHEAD LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 2. Employees

  | 5 months to 31 December 2024
  --- | ---
  Average number of employees during the period | 0 |

# FATTAL GATESHEAD LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
Additions | 18,420,000 | 0 | 0 | 0 | 0 | 18,420,000
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 December 2024 | 18,420,000 | 0 | 0 | 0 | 0 | 18,420,000
Depreciation |  |  |  |  |  |
Charge for year | 0 |  |  |  |  | 0
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 December 2024 | 0 |  |  |  |  | 0
Net book value |  |  |  |  |  |
At 31 December 2024 | 18,420,000 | 0 | 0 | 0 | 0 | 18,420,000

# FATTAL GATESHEAD LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 4. Creditors: amounts falling due within one year note

| 5 months to 31 December 2024
--- | ---
| £
Accruals and deferred income | 16,000 |
Total | 16,000

# FATTAL GATESHEAD LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 5. Creditors: amounts falling due after more than one year note

| 5 months to 31 December 2024
--- | ---
| £
Other creditors | 15,626,000 |
Total | 15,626,000