Company Registration No. 13747293 (England and Wales)
Fifty Five Hospitality Limited
Financial statements
for the year ended 31 December 2025
Pages for filing with the registrar
Fifty Five Hospitality Limited
Contents
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 10
Fifty Five Hospitality Limited
Statement of financial position
As at 31 December 2025
31 December 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
-
0
28,156
Tangible assets
5
-
0
4,740
-
0
32,896
Current assets
Debtors
6
263,333
170,225
Cash at bank and in hand
65,010
141,743
328,343
311,968
Creditors: amounts falling due within one year
7
(1,102,676)
(1,764,400)
Net current liabilities
(774,333)
(1,452,432)
Total assets less current liabilities
(774,333)
(1,419,536)
Creditors: amounts falling due after more than one year
8
(1,400,945)
-
0
Net liabilities
(2,175,278)
(1,419,536)
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
10
(2,175,378)
(1,419,636)
Total equity
(2,175,278)
(1,419,536)

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

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

The financial statements were approved by the board of directors and authorised for issue on
8 July 2026
08 July 2026
08 July 2026
and are signed on its behalf by:
Hayden Nadler
Director
Company Registration No. 13747293
Fifty Five Hospitality Limited
Statement of changes in equity
For the year ended 31 December 2025
2
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2024
100
(385,052)
(384,952)
Year ended 31 December 2024:
Loss and total comprehensive income
-
(1,034,584)
(1,034,584)
Balance at 31 December 2024
100
(1,419,636)
(1,419,536)
Year ended 31 December 2025:
Loss and total comprehensive income
-
(755,742)
(755,742)
Balance at 31 December 2025
100
(2,175,378)
(2,175,278)
Fifty Five Hospitality Limited
Notes to the financial statements
For the year ended 31 December 2025
3
1
Accounting policies
Company information

Fifty Five Hospitality Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, ECV4 4BE.

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. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The parent company has confirmed its intention to provide financial support to the company as needed to enable it to meet its liabilities as they fall due. This support will be available for at least the next 12 months from the date of approval of these financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation 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:

Brand costs
Not currently amortised
1.5
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:

Plant and equipment
Straight Line - 25%
Fixtures and fittings
Straight Line - 25%
Fifty Five Hospitality Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
4

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.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Fifty Five Hospitality Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
5
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Fifty Five Hospitality Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
6
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.

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.

2
Critical accounting 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.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
3
Fifty Five Hospitality Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
7
4
Intangible fixed assets
Brand costs
£
Cost
At 1 January 2025
28,156
Disposals
(28,156)
At 31 December 2025
-
0
Amortisation and impairment
At 1 January 2025 and 31 December 2025
-
0
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
28,156
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
6,735
Disposals
(6,735)
At 31 December 2025
-
0
Depreciation and impairment
At 1 January 2025
1,995
Eliminated in respect of disposals
(1,995)
At 31 December 2025
-
0
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
4,740
Fifty Five Hospitality Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
8
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by connected companies
191,620
95,375
Amounts owed by parent undertakings
9,676
-
Other debtors
62,037
74,850
263,333
170,225
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
29,033
4,154
Amounts owed to parent undertakings
909,091
909,091
Taxation and social security
75,255
28,463
Loans from shareholders
-
801,085
Other creditors
89,297
21,607
1,102,676
1,764,400

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from shareholders
1,400,945
-
0

A shareholder of the parent company has provided a £2,500,000 drawdown facility to the company, of which £1,260,293 (2024: £784,206) has been utilised as at 31 December 2025. The interest rate on the facility is 12% and final repayment is due on 3 October 2029.

The facility is secured by way of a fixed and floating charges over all the assets of the company.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
50
50
50
50
Ordinary B of £1 each
50
50
50
50
100
100
100
100
Fifty Five Hospitality Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
9
Called up share capital (continued)
9

The Ordinary A shares have attached to them full voting, dividend and capital distribution rights.

The Ordinary B shares have attached to them full voting, dividend and capital distribution rights.

10
Profit and loss reserves

The profit and loss reserves represent accumulated profits and losses net of dividends.

11
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 was unqualified.

Senior Statutory Auditor:
Roger Wareham
Statutory Auditors:
Saffery LLP
Date of audit report:
8 July 2026
12
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
56,941
-
0
13
Related party transactions

The company has taken advantage of the exemption available in section 1AC.35 of FRS 102 from the requirement to disclose transactions with group companies on the grounds that the company is a wholly owned subsidiary within the group.

During the year, site development fees of £874,301 (2024: £207,337) were charged to companies under common control. At the year end, £191,620 (2024: £95,375) was owed by companies under common control.

At the end of the year, the company owed £1,400,945 (2024: £801,085) to a shareholder of its parent undertaking. Interest was charged at a rate of 12%, resulting in an interest expense of £123,773 (2024: £16,879) for the year.

Fifty Five Hospitality Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
10
14
Ultimate controlling party

The company's immediate parent undertaking is Fifty Five Hospitality Holdings Limited, a company registered in England and Wales. The registered office of the company is 71 Queen Victoria Street, London, EC4V 4BE.

There is not considered to be an ultimate controlling party.

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