The George Hotel (Reading) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04305343 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

The George Hotel (Reading) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Vipul Nautamlal Patel

Mr Nilesh Nautamlal Patel

Mr Vijay Kumar Purshottam Sharma

Mrs Kanchan Ruby Sharma

SECRETARY:

Mr Nilesh Nautamlal Patel

REGISTERED OFFICE:

10-12 King Street

Reading

Berkshire

RG1 2HE

REGISTERED NUMBER:

04305343 (England and Wales)

ACCOUNTANTS:

Dhillon Accountants Limited

Chartered Accountants

Office 1

21 Hatherton Street

Walsall

WS4 2LA

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

7,647,363

7,679,184

Investment property

6

1,885,000

9,532,363

9,564,184

CURRENT ASSETS

Debtors

7

21,975

83,524

Cash at bank and in hand

47,324

423,694

69,299

507,218

CREDITORS

Amounts falling due within one year

8

(167,744

)

(416,708

)

NET CURRENT (LIABILITIES)/ASSETS

(98,445

)

90,510

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,433,918

9,654,694

CREDITORS

Amounts falling due after more than
one year

9

(1,019,510

)

(988,826

)

PROVISIONS FOR LIABILITIES

(774,580

)

(762,566

)

NET ASSETS

7,639,828

7,903,302

CAPITAL AND RESERVES

Called up share capital

10

31,837

Revaluation reserve

4,136,905

Fair value reserve

1,111,985

Retained earnings

2,359,101

2,622,575

SHAREHOLDERS' FUNDS

7,639,828

7,903,302

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

Mr Nilesh Nautamlal Patel - Director

1.	STATUTORY INFORMATION

The George Hotel (Reading) Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Property No depreciation

Plant and Machinery Straight line over 20 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

106,618

AMORTISATION

At 1 August 2024

and 31 July 2025

106,618

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 August 2024

and 31 July 2025

7,438,000

636,424

8,074,424

DEPRECIATION

At 1 August 2024

-

395,240

Charge for year

-

31,821

At 31 July 2025

-

427,061

NET BOOK VALUE

At 31 July 2025

7,438,000

209,363

7,647,363

At 31 July 2024

7,438,000

241,184

7,679,184

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

and 31 July 2025

1,885,000

NET BOOK VALUE

At 31 July 2025

1,885,000

At 31 July 2024

1,885,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Trade debtors

18,355

79,319

Other debtors

3,620

4,205

21,975

83,524

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Trade creditors

21,103

85,989

Taxation and social security

52,971

126,749

Other creditors

93,670

203,970

167,744

416,708

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.7.25

31.7.24

£

Amounts owed to group undertakings

1,019,510

988,826

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

31,837

Ordinary Shares

1

31,837

11.	CONTINGENT LIABILITIES

The total amount of guarantees not included in the balance sheet is £5,000,000 (2024 - £5,000,000). The company has entered into cross guarantee arrangements with its ultimate parent company Nilvip Holdings Limited to secure its long term borrowings.

12.	RELATED PARTY DISCLOSURES

The company's immediate parent is Nilvip Holdings Limited, incorporated in England and Wales.

These financial statements are available upon request from the registered office which is 10-12 King Street, Reading, Berkshire, RG1 2HE.

Nilvip Holdings Limited is the smallest and largest group for which consolidated financial statements are prepared, including the results of the entity.