ACCOUNTS - Final Accounts preparation

Company registration number: 14118753

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MAY 2025

	DAVIDSON HOSPITALITY UK LIMITED


DAVIDSON HOSPITALITY UK LIMITED REGISTERED NUMBER:14118753

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024 (as restated)
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	2,842,783		1,563,891
Bank and cash balances		255,087		1,276,436
		3,097,870		2,840,327
Creditors: amounts falling due within one year	5	(288,445)		(371,085)
Net current assets			2,809,425		2,469,242
Total assets less current liabilities			2,809,425		2,469,242

Net assets			2,809,425		2,469,242

Capital and reserves
Called up share capital	1	1
Other reserves	300,000	2,510,853
Profit and loss account	2,509,424	(41,612)
	2,809,425	2,469,242

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

C T Beasley

Director

Date: 18 May 2026

The notes on pages 2 to 5 form part of these financial statements.

Page 1


DAVIDSON HOSPITALITY UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Davidson Hospitality UK 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.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss 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.

2.4

Pensions

Defined contribution pension plan

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

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2


DAVIDSON HOSPITALITY UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of 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.

2.6

Financial Instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

2.7

Going concern

The Parent Company has confirmed that it will provide financial support, if necessary, to Davidson Hospitality UK Limited. The Parent Company accounts contain sufficient funds to be able to support the Company, therefore it is appropriate to adopt the going concern basis in preparing its financial statements.

Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 5).

Page 3


DAVIDSON HOSPITALITY UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Debtors

					2025	2024 (as restated)
					£	£


Trade debtors	-	309,227
Amounts owed by group undertakings	2,808,468	1,231,558
Other debtors	9,275	17,411
Prepayments and accrued income	25,040	5,695
	2,842,783	1,563,891

5.	Creditors: Amounts falling due within one year
		2025	2024 (as restated)
		£	£

Trade creditors	26,352	772
Amounts owed to group undertakings	-	169,123
Corporation tax	44,826	6,164
Other taxation and social security	13,770	16,685
Other creditors	50,338	-
Accruals and deferred income	153,159	178,341
	288,445	371,085

Reserves

Other reserves

Other reserves are made up of equity contributions from the Parent Company.

7.	Transfer between reserves

During the year, an amount of £2.5m previously recognised as a member contribution reserve was reclassified to retained earnings. This reflects a transfer between equity reserves following a change in ownership of the Company and had no impact on profit or total equity.

Page 4


DAVIDSON HOSPITALITY UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

8.	Prior year adjustment

During the year, the directors identified that a transfer pricing adjustment relating to the year ended 31 May 2024 had not been recorded in the company’s accounting records. This resulted in revenue and the related intercompany balance being understated in the prior period. In addition to this, the deferred tax asset which was recognised during 2024, has been reassessed and is no longer considered recoverable following the revised profitability and tax position.

The error has been corrected by restating the comparative figures for the year ended 31 May 2024.

The impact of the restatement is summarised below:

Increase in turnover: £1.23m
Increase in profit before tax for the year ended 31 May 2024: £1.23m
Increase in intercompany receivable: £1.23m
Decrease in deferred tax asset £301.7k
Increase in retained earnings at 31 May 2024: £929.8k

The adjustment relates solely to the year ended 31 May 2024 and has no impact on the profit or loss for the year ended 31 May 2025. The comparative figures have been restated accordingly, and the opening reserves for the current year have been adjusted to reflect this correction.

9.	Controlling party

The ultimate Parent Company is Monroe DHH Investment LLC. Davidson Hospitality UK Limited is not included within any consolidated financial statements, due to its size.

10.	Auditor's information

The auditor's report on the financial statements for the year ended 31 May 2025 was unqualified.

The audit report was signed on 18 May 2026 by James Fox ACA FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.

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