REGISTERED NUMBER: 14476615 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BGAM STONES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

J D Levy

J P Levy

REGISTERED OFFICE:

Greenhill House

90/93 Cowcross Street

London

EC1M 6BF

REGISTERED NUMBER:

14476615 (England and Wales)

ACCOUNTANTS:

Goldwyns Limited

Chartered Accountants

1 Nelson Mews

Southend on Sea

Essex

SS1 1AL

FIXED ASSETS

Tangible assets

4

4,332,285

4,257,310

CURRENT ASSETS

Stocks

12,672

20,168

Debtors

66,536

63,822

Cash at bank

41,480

47,566

120,688

131,556

CREDITORS

Amounts falling due within one year

1,650,473

1,721,006

NET CURRENT LIABILITIES

(1,529,785

)

(1,589,450

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,802,500

2,667,860

PROVISIONS FOR LIABILITIES

709,149

666,186

NET ASSETS

2,093,351

2,001,674

CAPITAL AND RESERVES

Called up share capital

6

6

Revaluation reserve

6

2,077,111

2,077,111

Retained earnings

16,234

(75,443

)

SHAREHOLDERS' FUNDS

2,093,351

2,001,674

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 August 2026 and were signed on its behalf by:

J D Levy - Director

1.	STATUTORY INFORMATION

BGAM Stones 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 company trades from its owned property in Salisbury, Wiltshire.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the income receivable by the company from its trading activities as a hotel. Sales encompass room hire, food and beverage income and all other associated ancillary hotel and guest services. Turnover is recognised in the period in which the physical goods are sold, as services are performed or otherwise as entitlement accrues to the company.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Freehold property

Freehold property is carried at its most recent valuation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 January 2025

4,285,998

Additions

94,148

At 31 December 2025

4,380,146

DEPRECIATION

At 1 January 2025

28,688

Charge for year

19,173

At 31 December 2025

47,861

NET BOOK VALUE

At 31 December 2025

4,332,285

At 31 December 2024

4,257,310

Cost or valuation at 31 December 2025 is represented by:

Freehold

Plant and

property

machinery

Totals

£

£

£

Valuation in 2023

2,769,482

-

2,769,482

Cost

1,430,518

180,146

1,610,664

4,200,000

180,146

4,380,146

Freehold property was valued by Savills (UK) Limited on 4 August 2023.

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Between one and five years

7,971

19,233

6.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

2,077,111

7.	PENSION COMMITMENTS

The company operates a defined contribution scheme in respect of its eligible employees. During the year, total contributions to this scheme amounted to £8,791 (2024 - £6,713). At the balance sheet date the total contributions outstanding amounted to £2,081 (2024 - £68).

8.	RELATED PARTY DISCLOSURES

The company works closely with a portfolio of five other hotels and their respective companies, all under similar (but not identical) control. Further, the whole portfolio is managed by BGAM Limited, a hotel management enterprise, again with ownership similarities and common directors. These close working relationships enables all businesses to access necessary trading expertise when needed, negotiate beneficial relationships with suppliers and leverage various economies of scale for mutual benefit.

During the period, the company incurred management costs totalling £51,869 (2024 - £45,937) to BGAM Limited.

In aggregate at the balance sheet date, the company owed £1,387,430 (2024 - £1,490,285) to these associated companies.

During the year the company's total compensation to key management personnel (including directors) amounted to £78,621 (2024 - £43,144).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BGAM Stones Limited for the year ended 31 December 2025 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BGAM Stones Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BGAM Stones Limited and state those matters that we have agreed to state to the Board of Directors of BGAM Stones Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BGAM Stones Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BGAM Stones Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BGAM Stones Limited. You consider that BGAM Stones Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BGAM Stones Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Goldwyns Limited

Chartered Accountants

1 Nelson Mews

Southend on Sea

Essex

SS1 1AL

13 August 2026