REGISTERED NUMBER: 12348688 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2025

FOR

TUFNELL PARK HOTELS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Jakisic

I J Hussain

REGISTERED OFFICE:

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

REGISTERED NUMBER:

12348688 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

4

2,204,391

2,207,969

CURRENT ASSETS

Debtors

5

21,328

40,129

Cash at bank

18,375

6,150

39,703

46,279

CREDITORS

Amounts falling due within one year

6

2,319,985

1,218,074

NET CURRENT LIABILITIES

(2,280,282

)

(1,171,795

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(75,891

)

1,036,174

CREDITORS

Amounts falling due after more than one year

7

-

1,175,000

NET LIABILITIES

(75,891

)

(138,826

)

CAPITAL AND RESERVES

Called up and paid share capital

100

100

Revaluation reserve

-

57,688

Fair value reserve

76,918

-

Retained earnings

(152,909

)

(196,614

)

(75,891

)

(138,826

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

I J Hussain - Director

1.	STATUTORY INFORMATION

Tufnell Park Hotels 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses unless stated otherwise.

The land and buildings class of assets are initially recorded at cost and subsequently at fair value, with fair value gains or losses being recognised in other comprehensive income. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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

Plant and machinery etc - 33% on cost and 20% on cost

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

The financial statements have been prepared on the going concern basis, on the understanding that the company will receive continued support from the directors and creditors for a period of at least 12 months from the date of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 31 October 2024

and 30 October 2025

2,200,000

25,030

2,225,030

DEPRECIATION

At 31 October 2024

-

17,061

17,061

Charge for year

-

3,578

3,578

At 30 October 2025

-

20,639

20,639

NET BOOK VALUE

At 30 October 2025

2,200,000

4,391

2,204,391

At 30 October 2024

2,200,000

7,969

2,207,969

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

21,328

40,129

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

2,319,985

1,218,074

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

1,175,000

8.	SECURED DEBTS

The loan is secured by way of a fixed and floating charge on the property.

9.	RELATED PARTY DISCLOSURES

Included in other debtors are amounts owing of £20,702 (2024 - £39,675) by companies under the control of the directors.

Included in other creditors are amounts owing of £2,315,975 (2024 - £1,212,253) from companies under the control of the directors.

These loans are interest free and repayable on demand.