Company registration number 16165785 (England and Wales)
HOSPITALITY-CONNECT LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
HOSPITALITY-CONNECT LIMITED
CONTENTS
Page
Directors' report
1 - 2
Balance sheet
3
Notes to the financial statements
4 - 7
HOSPITALITY-CONNECT LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 JANUARY 2026
- 1 -

The directors present their annual report and financial statements for the period ended 31 January 2026.

Hospitality-Connect Limited (HCL) was incorporated on 6 January 2025 as a private company limited by guarantee. Members’ liability is limited to an amount not exceeding £1 each. It prepares accounts to 31 January each year, with these accounts covering its first period of operation since incorporation.

Principal activities

The principal activity of the company is that of a not-for-profit organisation linking educational establishments with the hospitality sector (including hotels, restaurants, bars, catering and events organisations) with a view to promoting careers in the hospitality sector for young people.

Results

The activities of HCL were initially started by an unincorporated association in 2023, with support from the Manchester Hotels Association and Greater Manchester Combined Authority Careers Hub team, and seed grants from The Savoy Educational Trust.

The vision of its founder, Adrian Ellis, is to facilitate the ‘opening of doors’ and to change perceptions about careers across the breadth of the hospitality sector for school students across the UK. This to be enabled by encouraging partnerships between hospitality organisations and schools to provide real-life encounters for young people to gain practical experiences that enthuse and creates awareness of career opportunities in the hospitality sector.

From its original modest beginnings with a handful of schools and hotels in the Manchester area, it grew firstly in the northern areas of the UK. Encouraged by the success of this initial period and reaching a sustainable level of capacity, it was decided to incorporate the organisation and, appoint a Board of Members who are prominent leaders in their fields of education and hospitality. This Board provides the support for Adrian and the two Partnership Managers that are now responsible for growing and maintaining the programme in the north and south of the UK respectively.

To date, the programme has expanded to 21 regions across the UK, engaging over 200 active school-hospitality sector partnerships and delivering experience to more than 4,000 students.

The next three years present an extraordinary opportunity to scale this success. Our ambition for 2026 to 2028 is to scale to 32 regions, diversify employer partnerships beyond hotels, deliver interactions involving 10,000 students annually and embed our industry partnerships project model into the national education landscape. We are inspiring the next generation of hospitality talent, and elevating hospitality as a respected and aspirational career path for young people across the UK.

Key to these strategic objectives is to increase the level of funding required to realise that vision, increase the range of experiences and “ambassadors” who provide those opportunities to young people across the whole of the UK, and support existing partnerships in delivering an improving range of meaningful encounters.

Performance of the period under review

HCL had a successful initial period since incorporation and has expanded its activities, signed up additional funders including both one-off grants and programs covering multiple years., and secured its future for the next period of activity.

The revenue received has enabled the funding of two staff members and their costs in travelling to various locations in their regions of responsibility, facilitating the partnerships between schools and hospitality providers, and scouting for new participants.

At the period end, surplus cash over and above the costs incurred in the period is carried forward to fund the following year’s activity and enabling it to continue as a going concern.

HOSPITALITY-CONNECT LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2026
- 2 -
Directors

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

D Bains
(Appointed 1 October 2025)
A Ellis
(Appointed 6 January 2025)
C Gamm
(Appointed 1 October 2025)
L Kelly
(Appointed 1 October 2025)
B Rathmill
(Appointed 1 October 2025)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
A Ellis
Director
28 July 2026
HOSPITALITY-CONNECT LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 3 -
2026
Notes
£
£
Fixed assets
Tangible assets
3
2,116
Current assets
Debtors
4
764
Cash at bank and in hand
72,312
73,076
Creditors: amounts falling due within one year
5
(75,192)
Net current liabilities
(2,116)
Net assets
-
0
Reserves
6
-

For the financial period ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 July 2026 and are signed on its behalf by:
A Ellis
Director
Company registration number 16165785 (England and Wales)
HOSPITALITY-CONNECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2026
- 4 -
1
Accounting policies
Company information

Hospitality-Connect Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is C/O Sedulo, Regency Court, 62-66 Deansgate, Manchester, United Kingdom, M3 2EN.

1.1
Reporting period

The financial statements cover a period of 13 months from 6 January 2025 (date of incorporation) to 31 January 2026. This reflects the Company’s first accounting period following incorporation.

1.2
Basis of preparation

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.

1.3
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.

1.4
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

Income received in advance of activities has been deferred and will be recognised in line with the related expenditure as the activities are delivered.

Expenses include VAT where applicable as the company cannot reclaim it.

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:

Equipment
25% straight line

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 surplus or deficit.

HOSPITALITY-CONNECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
1.6
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.

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 surplus or deficit, 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 surplus or deficit, 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 balance sheet 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 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.

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.

HOSPITALITY-CONNECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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
Taxation

The company is not carrying on a business for the purposes of making a profit and is therefore exempt from corporation tax.

1.10
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.

1.11
Retirement benefits

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

2
Employees

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

2026
Number
Total
2
HOSPITALITY-CONNECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2026
- 7 -
3
Tangible fixed assets
Equipment
£
Cost
At 6 January 2025
-
0
Additions
2,533
At 31 January 2026
2,533
Depreciation and impairment
At 6 January 2025
-
0
Depreciation charged in the period
417
At 31 January 2026
417
Carrying amount
At 31 January 2026
2,116
4
Debtors
2026
Amounts falling due within one year:
£
Other debtors
764
5
Creditors: amounts falling due within one year
2026
£
Other creditors
336
Accruals and deferred income
74,856
75,192
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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