Company Registration No. 10370203 (England and Wales)
LUMA CONCEPT HOTEL LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
Affinia (Colchester)
The Octagon
Suite E2, 2nd Floor
Middleborough
Colchester
CO1 1TG
LUMA CONCEPT HOTEL LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 8
LUMA CONCEPT HOTEL LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
193,665
133,548
Current assets
Stocks
1,588
1,265
Debtors
5
181,202
261,545
Cash at bank and in hand
507,459
157,689
690,249
420,499
Creditors: amounts falling due within one year
6
(1,630,642)
(1,498,282)
Net current liabilities
(940,393)
(1,077,783)
Total assets less current liabilities
(746,728)
(944,235)
Provisions for liabilities
(40,602)
(20,040)
Net liabilities
(787,330)
(964,275)
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
(787,331)
(964,276)
Total equity
(787,330)
(964,275)

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 June 2026 and are signed on its behalf by:
Hoh Chin Yiep
Director
Company registration number 10370203 (England and Wales)
LUMA CONCEPT HOTEL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Luma Concept Hotel Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7-10 Adam Street, London, WC2N 6AA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 4 ‘Statement of Financial Position’ – Reconciliation of the opening and closing number of shares;

- Section 7 'Statement of Cash Flows' - Presentation of a statement of cashflow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’ – Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’ – Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements and;

- Section 33 ‘Related Party Disclosures’ – Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Heeton Holdings Limited. These consolidated financial statements are available from its registered office, 60 Paya Lebar Road, #08-36 Paya Lebar Square, Singapore 409051.

LUMA CONCEPT HOTEL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.2
Going concern

The company is in a net current liability position of £940,393 at the balance sheet date, the main creditor being £1,289,105 due to connected companies, which the ultimate shareholders have confirmed in writing to the directors of parent company Glenthorne Pte. Ltd they will not recall until the company is in a position to repay this and for at least 12 months from the date these financial statements are signed.

At the balance sheet date, £100,387 is due from connected companies which the ultimate shareholders have confirmed in writing to the Directors of parent company Glenthorne Pte. Ltd will not be recalled until the companies are in a position to repay this and for at least 12 months from the date these financial statements are signed.

The directors have considered the forecasted future operations of the company and that the ultimate shareholders have confirmed to provide continuing financial support to the company, and have concluded that the company will have adequate resources to continue in business for the foreseeable future, being at least 12 months from the date of approval of these financial statements. The directors continue to adopt the going concern basis of accounting in preparing these financial statements.

1.3
Turnover

Turnover is the total income receivable net of VAT and trade discounts from the trading activities of the hotel. This arises primarily from the letting of rooms, sale of food, beverages and other hotel services. Income is recognised on the following basis:

- Room revenue - As rooms are occupied. Where amounts are received in advance, revenue is deferred as a liability;

- Food and beverage revenue - When goods and services have been delivered or rendered;

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
5 - 10 years
Plant and equipment
5 - 10 years
Fixtures and fittings
Over 5 years
Computers
Over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Capital work-in-progress included in tangible fixed assets are not depreciated as these assets are not available for use.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

LUMA CONCEPT HOTEL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

LUMA CONCEPT HOTEL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Going concern

The directors are satisfied that the company is operating as a going concern and will continue to do so for the foreseeable future.

In making their judgement, the directors have prepared a detailed business plan and rolling cash flow forecast, and in conjunction with the company's resources and obligations, have concluded that the company will be able to meet its liabilities as they fall due for the foreseeable future.

3
Employees

The average monthly number of persons employed by the company during the year was:

2025
2024
Number
Number
Total
24
27
LUMA CONCEPT HOTEL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
4
Tangible fixed assets
Leasehold improv.
Plant and machinery etc
Capital WIP
Total
£
£
£
£
Cost
At 1 January 2025
38,006
361,458
5,736
405,200
Additions
-
0
94,364
-
0
94,364
Transfers
-
0
5,736
(5,736)
-
0
At 31 December 2025
38,006
461,558
-
0
499,564
Depreciation
At 1 January 2025
32,725
238,927
-
0
271,652
Depreciation charged in the year
822
33,425
-
0
34,247
At 31 December 2025
33,547
272,352
-
0
305,899
Carrying amount
At 31 December 2025
4,459
189,206
-
0
193,665
At 31 December 2024
5,281
122,531
5,736
133,548
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,925
-
0
Other debtors
178,277
261,545
181,202
261,545

The ultimate shareholders, being Heeton Holdings Limited, Lian Beng Group Pte. Ltd and KSH Holdings Limited have agreed to provide continuing financial support to the company in proportion to their respective shareholdings and guarantee those inter-company balances due to the company from other group companies. This was confirmed via written support to the Directors of parent company Glenthorne Pte. Ltd and covers a period of at least 12 months from the date these financial statements are signed. These balances are included in other debtors and amount to £100,387 at year end (20 24: £179,274).

LUMA CONCEPT HOTEL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
28,075
19,491
Corporation tax
-
0
4,046
Other taxation and social security
75,195
54,776
Other creditors
1,527,372
1,419,969
1,630,642
1,498,282

The ultimate shareholders, being Heeton Holdings Limited, Lian Beng Group Pte. Ltd and KSH Holdings Limited have agreed to provide continuing financial support to the company in proportion to their respective shareholdings and guarantee those inter-company balances due from the company to other group companies. This was confirmed via written support to the Directors of parent company Glenthorne Pte. Ltd and covers a period of at least 12 months from the date these financial statements are signed. These balances are included in other creditors and amount to £1,289,105 at year end (20 24: £1,160,049).

A fixed and floating charge was created on 14 August 2019 over all the property and undertaking of the company. The company is a chargor in relation to the facility agreement between its parent company, Ace Zone Holdings Limited (the borrower) and the Oversea-Chinese Banking Corporation Limited (the lender). The liability originating from this facility agreement is in the financial statements of the parent company.

A fixed and floating charge was created on 30 August 2024 over all the property and undertaking of the company. The company is a chargor in relation to the facility agreement between its parent company, Ace Zone Holdings Limited (the borrower) and the Oversea-Chinese Banking Corporation Limited (the lender). The liability originating from this facility agreement is in the financial statements of the parent company.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified.

Senior Statutory Auditor:
Shaun Roberts
Statutory Auditor:
Affinia (Colchester)
Date of audit report:
26 June 2026
9
Directors' transactions

There were no guarantees with the directors in the year.

LUMA CONCEPT HOTEL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
10
Parent company

The immediate parent of the company is Ace Zone Holdings Limited, a company incorporated in the British Virgin Islands.

The ultimate controlling parent of the company is Heeton Holdings Limited, a company incorporated in S ingapore.

The smallest group into which Luma Concept Hotel Ltd is consolidated is Heeton Holdings Limited.

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