Carlton Hotels and Leisure Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02964180 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CARLTON HOTELS AND LEISURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Kassam

A A Kassam

SECRETARY:

A Kassam

REGISTERED OFFICE:

144-146 Kings Cross Road

London

WC1X 9DU

REGISTERED NUMBER:

02964180 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

CURRENT ASSETS

Debtors

4

5,407,070

3,521,270

Cash at bank

1,771

14,269

5,408,841

3,535,539

CREDITORS

Amounts falling due within one year

5

2,611,714

1,998,763

NET CURRENT ASSETS

2,797,127

1,536,776

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,797,127

1,536,776

CREDITORS

Amounts falling due after more than one year

6

-

5,833

NET ASSETS

2,797,127

1,530,943

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

2,797,027

1,530,843

2,797,127

1,530,943

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 4 August 2026 and were signed on its behalf by:

A Kassam - Director

1.	STATUTORY INFORMATION

Carlton Hotels and Leisure 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.

Going Concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to realise its assets and discharge its liabilities in the normal course of business. The company therefore continues to adopt the going concern basis in preparing its financial statements.

The directors having considered the company's position for the period ended 31 December 2025 and have given indication of their willingness to support the company in the foreseeable future. They have also undertaken not to request repayment of their loans for at least twelve months.

On the basis, the directors consider it is appropriate to prepare the financial statements on going concern basis. The financial statements do not include any adjustment that would result if future cash flows are insufficient or if shareholder support was withdrawn.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added tax.

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.

Pension costs and other post-retirement benefits

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.

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 trade and other 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.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss. Derecognition of financial assets.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

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, including trade and other 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 receipts discounted at a market rate of interest.

Accounts payable are classified as 'creditors: amounts falling due within one year' if payment is due within one year or less. If not, they are presented as 'creditors: amounts falling due after more than one year'. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Other financial liabilities, including debt instruments that do not meet the definition of a basic financial instrument, are measured at fair value through profit or loss.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

Equity instruments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

4,820,732

2,803,218

Accrued income and prepayments

586,338

718,052

5,407,070

3,521,270

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 7)

5,833

-

Corporation Tax payable

202,396

Social security and other taxes

29,472

27,994

VAT

55,405

54,480

Other creditors

2,311,423

1,679,381

Director's current account

308

Accrued expenses

6,877

34,204

2,611,714

1,998,763

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans (see note 7)

-

5,833

7.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans

5,833

-

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

5,833

8.	RELATED PARTY DISCLOSURES

CONTROL

A Kassam holds majority of the issued share capital and exercises ultimate control of the company.

MATERIAL INTERESTS OF THE DIRECTOR

(a) Turnover includes consultancy and management fees receivable from the following companies in which A Kassam is a director and has material interest in the ultimate holding company of these companies.

2025

2024

£

Millcroft Management Limited

133,020

148,436

Gatwick Investment Limited

280,229

286,050

Southampton Row Hotel LLP

425,662

426,978

London Victoria Hotel No 2 Limited

405,104

403,126

Sal Hotels Limited

0

(43,807

)

London Kensington Hotel Limited

360,652

346,926

Trafalgar Square Hotel No.2 Ltd

473,223

452,463

Serena Investments Limited

183,158

211,375

2,261,048

2,231,547

(b) At the balance sheet, other creditors includes £2,311,423 (2024: £1,669,381) due to the following companies, which were controlled but the company director.

2025

2024

£

Serena Investments Limited

1,959,072

1,136,850

Southampton Row Hotel LLP

352,351

532,531

(c) At the balance sheet, other debtors includes £4,502,310 (2024: £2,549,796) ) due from the following companies, which were controlled but the company director.

2025

2024

£

Keenoak Limited

312,781

Gatwick Investment Limited

570,497

227,345

London Kensington Hotel Limited

848,615

420,381

Millcroft Management Limited

241,390

77,512

London Victoria Hotel No. 2 Limited

823,825

374,443

Kas No.3 Limited

49,000

Seacastle Limited

232,500

Kas Holdings Limited

312,963

Trafalgar Square Hotel No.2 Ltd

1,110,739

542,871

d) The Company paid rent and related expenses of £250,000 (2024: £250,000) to Serena Investments Limited, a company in which A Kassam is a director and shareholder.