REGISTERED NUMBER: 06531759 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

New Barnsley Hotels Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Kawaljit S Obhrai

REGISTERED OFFICE:

173 Cleveland Street

London

W1T 6QR

REGISTERED NUMBER:

06531759 (England and Wales)

ACCOUNTANTS:

Shah Dodhia & Co

173 Cleveland Street

London

W1T 6QR

FIXED ASSETS

Investments

5

2,982,146

2,991,465

CURRENT ASSETS

Debtors

6

54,067

65,731

Cash at bank

48,505

48,508

102,572

114,239

CREDITORS

Amounts falling due within one year

7

6,362,597

2,351,187

NET CURRENT LIABILITIES

(6,260,025

)

(2,236,948

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,277,879

)

754,517

CREDITORS

Amounts falling due after more than one year

8

26,591

3,810,444

NET LIABILITIES

(3,304,470

)

(3,055,927

)

CAPITAL AND RESERVES

Called up share capital

100

100

Equity reserves

61,800

61,800

Retained earnings

(3,366,370

)

(3,117,827

)

SHAREHOLDERS' FUNDS

(3,304,470

)

(3,055,927

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

Kawaljit S Obhrai - Director

1.	STATUTORY INFORMATION

New Barnsley Hotels Ltd 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. Company's principal activity is that of an investment holding company. It has one indirect subsidiary which operates a hotel in Barnsley.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements were prepared in accordance with Financial Reporting Standard 102, including Section 1A of FRS102 The Financial Reporting Standard applicable in the UK and Ireland ("FRS 102"). The presentation currency of these financial statements is sterling.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.

Going concern

The company has net current liabilities of £6,260,025 as at 31 August 2025 (2024: £2,236,948) and net liabilities of £3,304,470 as at 31 August 2025 (2024: £3,055,927). The director has no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the company to continue as a going concern. On the basis of his assessment of the company's financial position and the financial position of the trading subsidiary, the director has reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. The parent company has also indicated that it does not intend to seek repayment of the amounts due at the Balance Sheet date in the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Taxation

Tax on the profit and loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case the deferred tax relating to those items is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Current tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and the Group intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial instruments

Investments in subsidiaries

Investments in subsidiary company is stated at the net asset values of the subsidiary company which is considered to be its fair values, unless the net asset value is negative, in which case the investment's carrying value is considered to be nil. Differences between the net asset value and historical cost is recognised in other comprehensive income (OCI) in accordance with FRS 102.17.15.E-F, with net revaluation gains recognised in OCI and net revaluation losses in profit and loss to the extent that this is not reversals of previous revaluation gain

Borrowings classified as basic financial instruments

Borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost using the effective interest method, less any impairment losses.

Other debtors / creditors

Other debtors are recognised initially at transaction price less attributable transaction costs. Other creditors are recognised initially at transaction price plus attributable transaction costs. Debtors and creditors payable or receivable within one year on initial recognition are measured at the undiscounted amount of the cash expected to be paid or received, net of impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the Company's cash management are included as a component of cash and cash equivalents.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	FIXED ASSET INVESTMENTS

Investment

in

subsidiary

£

COST OR VALUATION

At 1 September 2024

2,991,465

Revaluations

(9,319

)

At 31 August 2025

2,982,146

NET BOOK VALUE

At 31 August 2025

2,982,146

At 31 August 2024

2,991,465

The company owns the whole of the issued share capital of Brooklands Restaurants Holdings Ltd, a company incorporated in England and Wales.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Group relief receivable

54,067

65,731

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,959

4,959

Amounts owed to group undertakings

6,356,641

2,345,229

Other creditors

997

999

6,362,597

2,351,187

The loan from the company's parent undertaking of £4,030,652 (2024: Amount falling due after more than one year £3,776,869) is available at an average rate of finance to the group, plus a margin of 0.25% per annum. The loan is unsecured and available till August 2025. Terms of the loan were reviewed and extended for a further period of 3 years from 1 September 2025.

The loan from the company's subsidiary undertaking of £2,325,989 (2024: £2,345,229) is an interest free loan repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bounce Back Loan

26,591

33,575

Amounts owed to group undertakings

-

3,776,869

26,591

3,810,444

The company has received a bounce back loan. There is no interest to pay in the first 12 months and

the interest is fixed at 2.5% per annum thereafter. The loan is repayable by 60 monthly instalments

after one year of receiving the loan.

9.	CONTINGENT LIABILITIES

The company's bankers have given a guarantee of £39,050 (2024: £39,050) to IHG Hotels Ltd which is secured by a charge over cash deposits, the franchisor of the Holiday Inn Brand.

The company has given a cross guarantee in respect of a bank loan facility provided to a subsidiary undertaking. The bank loan liability of the subsidiary undertaking at the balance sheet date was £2.00m (2024: £2.05m).

10.	RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of Chestnut Holdings Ltd, the company has taken advantage of the exemption contained in FRS 102.33 and has therefore not disclosed transactions on balances with entities which form part of the group headed by Sycamore Ltd.

The director confirms that there are no other related party transactions other than those disclosed in these financial statements.

11.	CONTROLLING PARTY

The immediate parent undertaking is Chestnut Holdings Ltd, a company incorporated in England and Wales.

The ultimate parent undertaking is Sycamore Ltd, a company registered in Isle of Man.

The ultimate controlling party is The Blue Waters Trust, a trust registered in Isle of Man.