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Registration number: 02687033

Chatsworth Hotel (Llandudno) Limited
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2026

Chatsworth Hotel (Llandudno) Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Chatsworth Hotel (Llandudno) Limited

Company Information

Directors | T Curbishley P Juneja

Registered office | Central Promenade Llandudno LL30 2XS

Accountants | Aston Hughes & Co Chartered AccountantsSelby Towers 29 Princes Drive Colwyn Bay LL29 8PE

Chatsworth Hotel (Llandudno) Limited

(Registration number: 02687033)
Balance Sheet as at 28 February 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 963,046 | 941,821
Investments | 5 | 200 | 200
|  | 963,246 | 942,021
Current assets |  |  |
Stocks | 6 | 15,060 | 13,969
Debtors | 7 | 144,016 | 187,414
Cash at bank and in hand |  | 145,702 | 639,007
|  | 304,778 | 840,390
Creditors: Amounts falling due within one year | 8 | (116,798) | (163,943)
Net current assets |  | 187,980 | 676,447
Total assets less current liabilities |  | 1,151,226 | 1,618,468
Creditors: Amounts falling due after more than one year | 8 | (1,056,448) | (1,538,198)
Net assets |  | 94,778 | 80,270
Capital and reserves |  |  |
Called up share capital | 9 | 300 | 300
Retained earnings |  | 94,478 | 79,970
Shareholders' funds |  | 94,778 | 80,270

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 May 2026 and signed on its behalf by:

Chatsworth Hotel (Llandudno) Limited

(Registration number: 02687033)
Balance Sheet as at 28 February 2026

......................................... P Juneja Director

Chatsworth Hotel (Llandudno) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Central Promenade
Llandudno
LL30 2XS

These financial statements were authorised for issue by the Board on 20 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Chatsworth Hotel (Llandudno) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | variable rates on reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Chatsworth Hotel (Llandudno) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 67 (2025 - 49).

Chatsworth Hotel (Llandudno) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

4 | Tangible assets

| Land and buildings £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 March 2025 | 936,441 | 4,260 | 195,461 | 1,136,162
Additions | - | 29,331 | 1,124 | 30,455
Disposals | - | (4,260) | - | (4,260)
At 28 February 2026 | 936,441 | 29,331 | 196,585 | 1,162,357
Depreciation
At 1 March 2025 | - | 1,530 | 192,811 | 194,341
Charge for the year | - | 5,800 | 700 | 6,500
Eliminated on disposal | - | (1,530) | - | (1,530)
At 28 February 2026 | - | 5,800 | 193,511 | 199,311
Carrying amount
At 28 February 2026 | 936,441 | 23,531 | 3,074 | 963,046
At 28 February 2025 | 936,441 | 2,730 | 2,650 | 941,821

Included within the net book value of land and buildings above is £936,441 (2025 - £936,441) in respect of freehold land and buildings.

5 | Investments

| 2026 £ | 2025 £
Investments in subsidiaries | 200 | 200

Subsidiaries | £
Cost or valuation
At 1 March 2025 | 200
Provision
Carrying amount
At 28 February 2026 | 200
At 28 February 2025 | 200

Chatsworth Hotel (Llandudno) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2026 | 2025
Subsidiary undertakings
Chatsworth Hotel Limited | Central Promenade Llandudno UK | Ordinary shares | 100% | 100%
Chatsworth House Hotel Limited | Central Promenade Llandudno UK | Ordinary shares | 100% | 100%

Subsidiary undertakings
Chatsworth Hotel Limited The principal activity of Chatsworth Hotel Limited is Hotel ownership.
Chatsworth House Hotel Limited The principal activity of Chatsworth House Hotel Limited is Hotel ownership.

6 | Stocks

| 2026 £ | 2025 £
Other inventories | 15,060 | 13,969

7 | Debtors

Current | Note | 2026 £ | 2025 £
Trade debtors |  | (2,991) | 407
Amounts owed by related parties | 12 | 147,007 | 187,007
|  | 144,016 | 187,414

Chatsworth Hotel (Llandudno) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 10 | 2,625 | 13,017
Trade creditors |  | 62,436 | 50,463
Taxation and social security |  | 41,778 | 57,515
Other creditors |  | 9,959 | 42,948
|  | 116,798 | 163,943

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 10 | 1,056,448 | 1,538,198

9 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 300 | 300 | 300 | 300

10 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Other borrowings | 1,056,448 | 1,538,198

Current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 2,625 | 13,017

Chatsworth Hotel (Llandudno) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

11 | Dividends

Final dividends paid

|  | 2026 £ |  | 2025 £
Final dividend of £133.33 (2025 - £750.00) per each Ordinary shares |  | 40,000 |  | 225,000

12 | Related party transactions

Summary of transactions with all entities with joint control or significant interest

New Loretta Hotel Limited
Baytree Hotel Limited Loans

Loans to related parties

2026 | Entities with joint control or significant influence £ | Total £
At start of period | 187,007 | 187,007
Repaid | (40,000) | (40,000)
At end of period | 147,007 | 147,007

2025 | Entities with joint control or significant influence £ | Total £
At start of period | 161,526 | 161,526
Advanced | 25,481 | 25,481
At end of period | 187,007 | 187,007