BRIGHT (HOTELS) LIMITED 31/03/2026 iXBRL

Company registration number: 10510767

BRIGHT (HOTELS) LIMITED

Unaudited filleted financial statements

31 March 2026

BRIGHT (HOTELS) LIMITED

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

BRIGHT (HOTELS) LIMITED

Directors and other information


	Directors	VPS Johal
		A S Johal


	Company number	10510767


	Registered office	Unit D, Forest Business Park
		Walker Road
		Bardon
		Coalville
		LE67 1TU


	Business address	Unit D, Forest Business Park
		Walker Road
		Bardon
		Coalville
		LE67 1TU


	Accountants	MKD (ACCOUNTANTS) LIMITED
		33 Cleeve
		Abbotsgate
		Tamworth
		Staffordshire
		B77 2QD




	Bankers	National Westminister Bank Plc
		1 Granby Street
		Leicester
		Leicestershire
		LE1 6EJ


	Solicitors	Saifee Legal Limited
		37 Beaumont Street
		Oadby
		Leicestershire
		LE4 2DA

BRIGHT (HOTELS) LIMITED

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	7	3,829,218		3,829,218
		_______		_______
			3,829,218		3,829,218

Current assets
Debtors	8	37,580		35,300
Cash at bank		132,436		101,499
		_______		_______
		170,016		136,799
Creditors: amounts falling due
within one year	9	( 2,712,078)		( 2,938,504)
		_______		_______
Net current liabilities			( 2,542,062)		( 2,801,705)
			_______		_______
Total assets less current liabilities			1,287,156		1,027,513

			_______		_______
Net assets			1,287,156		1,027,513
			_______		_______

Capital and reserves
Called up share capital	10		100		100
Profit and loss account			1,287,056		1,027,413
			_______		_______
Shareholders funds			1,287,156		1,027,513
			_______		_______

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 08 June 2026 , and are signed on behalf of the board by:

VPS Johal

Director

Company registration number: 10510767

BRIGHT (HOTELS) LIMITED

Statement of changes in equity

Year ended 31 March 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2024	100	760,829	760,929

Profit for the year		266,584	266,584
	_______	_______	_______
Total comprehensive income for the year	-	266,584	266,584

	_______	_______	_______
At 31 March 2025 and 1 April 2025	100	1,027,413	1,027,513

Profit for the year		259,643	259,643
	_______	_______	_______
Total comprehensive income for the year	-	259,643	259,643

	_______	_______	_______
At 31 March 2026	100	1,287,056	1,287,156
	_______	_______	_______

BRIGHT (HOTELS) LIMITED

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit D, Forest Business Park, Walker Road, Bardon, Coalville, LE67 1TU.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Rent receivable is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

4. Turnover

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2025: Nil).

6. Tax on profit

Major components of tax expense

	2026	2025
	£	£
Current tax:
UK current tax expense	86,548	88,861
	_______	_______
Tax on profit	86,548	88,861
	_______	_______

Reconciliation of tax expense

The tax assessed on the profit for the year is the same as (2025: the same as) the standard rate of corporation tax in the UK of 25.00 % (2025: 25.00%).

Profit multiplied by rate of tax 86,548 88,861

_______ | _______ |

7. Tangible assets

	Freehold property	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	3,829,218	3,829,218
	_______	_______
Depreciation
At 1 April 2025 and 31 March 2026	-	-
	_______	_______
Carrying amount
At 31 March 2026	3,829,218	3,829,218
	_______	_______
At 31 March 2025	3,829,218	3,829,218
	_______	_______

8. Debtors

	2026	2025
	£	£
Trade debtors	35,300	35,300
Corporation tax recoverable	2,280	-
	_______	_______
	37,580	35,300
	_______	_______

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	-	2,908
Amounts owed to a related undertaking	2,585,000	2,755,000
Accruals and deferred income	31,967	31,717
Corporation tax	-	48,321
Social security and other taxes	17,500	23,738
Other creditors	77,611	76,820
	_______	_______
	2,712,078	2,938,504
	_______	_______

10. Called up share capital

Issued, called up and fully paid

	2026		2025
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

11. Capital commitments

There are no capital commitments as at 31 March 2026 (2025 - £0).

12. Contingent assets and liabilities

There are no contingent assets and liabilities as at 31 March 2026 (2025 - £0).

13. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2026	2025	2026	2025
	£	£	£	£
Johal Holdings Limited	( 2,585,000)	( 2,755,000)	( 2,585,000)	( 2,755,000)
	_______	_______	_______	_______

During the year £170,000 (2025 - £230,000) was repaid back to Johal Holdings Limited.

The balance outstanding to Johal Holdings Limited as at 31 March 2026 is £2,585,000 (31 March 2025 - £2,755,000).

14. Controlling party

The company and ultimate controlling party of Bright (Hotels) Limited is Johal Holdings Limited, a private company registered in Gibraltar.