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Registered number: 04703734
The Unstuffy Hotel Co Limited
Financial statements
Information for filing with the registrar
For the Year Ended 31 March 2026
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The Unstuffy Hotel Co Limited
Registered number: 04703734
Balance Sheet
As at 31 March 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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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:
The notes on pages 2 to 12 form part of these financial statements.
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The Unstuffy Hotel Co Limited
Notes to the Financial Statements
For the Year Ended 31 March 2026
The Company is a private company limited by share capital. The Company is incorporated in England and Wales, registration number 04703734. The address of the registered office is Dixcart House, Addlestone Road, Bourne Business Park, Addlestone, Surrey, KT15 2LE. The principal place of business is Linthwaite House Hotel, Crook Road, Bowness-on-Windermere, Cumbria, LA23 3JA.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 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:
The Company manages its capital to ensure that it will be able to continue as a going concern and to maximise its return to shareholders through optimisation of the debt equity balance. The Company has net current liabilities of £902,425 (2025: £2,039,797).
Included in current liabilities are amounts owed to group undertakings of £680,114 (2025: £2,150,644).
The loans from group undertakings have been confirmed and a letter of support issued by the parent company confirms that it will not require repayment of the intercompany loans if the repayment would adversely affect the ability of the Company to carry on its business as a going concern.
The parent company and shareholder have further confirmed that they will provide necessary funds to enable the Company to continue its operations during the year ahead and settle its obligations and commitments that may occur during the ordinary course of business including alternative finance for any debt facilities falling due for repayment.
The Directors therefore believe that the financial statements should be prepared on a going concern basis.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
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The Unstuffy Hotel Co Limited
Notes to the Financial Statements
For the Year Ended 31 March 2026
2.Accounting policies (continued)
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:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙Room Bookings: Revenue from room bookings is recognised when the guest checks in, with any deposits deferred until that time and cancellation income recognised at time of cancellation.
∙Food and Beverage Sales: Revenue from food and beverage sales is recognised when the goods are delivered to the customer.
∙Gift Shop Sales: Revenue from gift shop sales is recognised at the point of sale.
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 the following conditions are satisfied:
∙Events and Conferences: Revenue from hosting events, conferences, or banquets is recognised when the event takes place.
∙Staff Housing: Revenue from staff rental of accommodation is recognised based on the length of stay or occupancy.
∙Other Services: Revenue from postage, laundry, and other ancillary services is recognised when the service is provided.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
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.
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The Unstuffy Hotel Co Limited
Notes to the Financial Statements
For the Year Ended 31 March 2026
2.Accounting policies (continued)
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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
The estimated useful lives range as follows:
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Hotel including fixtures and fittings
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
The hotel is initially recognised at cost and is subsequently revalued to fair value at each reporting date. The fair value changes are recorded in profit or loss. External valuers are used for valuation. Net gains from fair value fluctuations are not distributable to shareholders.
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The Unstuffy Hotel Co Limited
Notes to the Financial Statements
For the Year Ended 31 March 2026
2.Accounting policies (continued)
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Impairment of fixed assets and goodwill
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Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
Investments in subsidiaries are measured at cost less accumulated impairment.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is 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.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The Unstuffy Hotel Co Limited
Notes to the Financial Statements
For the Year Ended 31 March 2026
2.Accounting policies (continued)
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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The average monthly number of employees, including directors, during the year was 46 (2025 - 44).
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The Unstuffy Hotel Co Limited
Notes to the Financial Statements
For the Year Ended 31 March 2026
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Hotel including fixtures and fittings
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In June 2026, a valuation was undertaken by Savills (UK) Limited which valued the hotel and other properties at £10,850,000, resulting in an impairment charge of £444,146 in the current year (2025: impairment of £1,206,101).
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The Unstuffy Hotel Co Limited
Notes to the Financial Statements
For the Year Ended 31 March 2026
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Investments in subsidiary companies
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The following was a subsidiary undertaking of the Company:
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Dixcart House Addlestone Road, Bourne Business Park, Addlestone, Surrey, KT15 2LE
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The Unstuffy Hotel Co Limited is a parent company and is exempt from the requirement to prepare consolidated financial statements as it is included in the consolidated financial statements of a larger group.
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The Unstuffy Hotel Co Limited
Notes to the Financial Statements
For the Year Ended 31 March 2026
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Amounts owed by group undertakings
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Prepayments and accrued income
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Amounts owed by group undertakings are interest-free, unsecured and repayable on demand.
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Amounts owed to group undertakings are interest free, unsecured and repayable on demand.
The amount due in respect of bank loans represents interest payable which is repayable on demand.
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The Unstuffy Hotel Co Limited
Notes to the Financial Statements
For the Year Ended 31 March 2026
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Creditors: Amounts falling due after more than one year
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The bank loan was refinanced in October 2024 and now totals £5,529,675 (2025: £5,922,209), with a related interest rate of base rate plus 3.65% until 30 September 2027 (2025: base rate plus 3.65% until 30 September 2027). The loan is secured by a charge over the Freehold Property owned by the company.
The loan is repayable in full by 30 September 2027.
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-2 years
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Amounts falling due 2-5 years
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Financial assets measured at fair value through profit or loss
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Financial assets measured at fair value through profit or loss comprise...
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The Unstuffy Hotel Co Limited
Notes to the Financial Statements
For the Year Ended 31 March 2026
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Allotted, called up and fully paid
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15,010,637 (2025 - 13,109,882) Ordinary A shares of £0.01 each
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2,180,000 (2025 - 2,180,000) Ordinary B shares of £0.01 each
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On 30 December 2025, 1,900,755 A Ordinary shares were issued at £0.01 per share. The consideration paid by the immediate parent company was £1.00 per share.
All classes of shares rank pari passu.
Share premium account
The share premium account consists of amount paid for equity in excess of its nominal value.
Profit and loss account
The profit and loss account reserve is the accumulation of profits and losses made by the Company since
incorporation, net of dividends paid.
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Commitments under operating leases
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At 31 March 2026 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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16.Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £9,087 (2025: £3,887) were payable to the fund at the balance sheet date and are included in creditors.
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The Unstuffy Hotel Co Limited
Notes to the Financial Statements
For the Year Ended 31 March 2026
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Related party transactions
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At the year end, The Unstuffy Hotel Co Limited owed the directors £nil (2025: £nil) in respect of directors' loan accounts. During the year the maximum amount owed by the company to the directors totalled £nil (2025: £2,193).
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At 31 March 2026, the Company’s immediate parent undertaking was Leeu Holdings Ltd, a company incorporated in Cyprus. Leeu Holdings Ltd is wholly owned by LGO PTE Ltd, a company incorporated in Singapore.
The ultimate controlling party was Mr Analjit Singh.
The parent undertaking of the smallest and largest group for which consolidated financial statements are prepared and of which the Company is a member is Icare Health Projects & Research (P) Ltd, a company incorporated in India, with registered office at Max House, 1, Dr.Jha Marg, Okhla New Delhi South Delhi DL IN 110020.
Copies of those consolidated financial statements may be obtained at:
https://www.mca.gov.in /content/mca/global /en/home.html.
The auditors' report on the financial statements for the year ended 31 March 2026 was unqualified.
The audit report was signed on 18 June 2026 by John Glover (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.
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