REGISTERED NUMBER: 01674002 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Elstead Hotel (Bournemouth) Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

Directors:

M A Kavanagh

G G Phillips

K Rose

D Ward

Registered office:

19 Welling High Street

Welling

Kent

DA16 1TR

Registered number:

01674002 (England and Wales)

Accountants:

Burfords

Chartered Certified Accountants

19 Welling High Street

Welling

Kent

DA16 1TR

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 Elstead Hotel (Bournemouth) Limited for the year ended 31 December 2025 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Elstead Hotel (Bournemouth) 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 Elstead Hotel (Bournemouth) Limited and state those matters that we have agreed to state to the Board of Directors of Elstead Hotel (Bournemouth) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Elstead Hotel (Bournemouth) 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 loss of Elstead Hotel (Bournemouth) Limited. You consider that Elstead Hotel (Bournemouth) 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 Elstead Hotel (Bournemouth) 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.

Burfords

Chartered Certified Accountants

19 Welling High Street

Welling

Kent

DA16 1TR

2 September 2026

Fixed assets

Tangible assets

4

451,266

478,171

Current assets

Stocks

-

2,421

Debtors

5

3,987

3,917

Cash at bank and in hand

3,157

5,497

7,144

11,835

Creditors

Amounts falling due within one year

6

2,875,447

2,507,146

Net current liabilities

(2,868,303

)

(2,495,311

)

Total assets less current liabilities

(2,417,037

)

(2,017,140

)

Capital and reserves

Called up share capital

7

10,000

10,000

Retained earnings

(2,427,037

)

(2,027,140

)

Shareholder funds

(2,417,037

)

(2,017,140

)

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 2 September 2026 and were signed on its behalf by:

D Ward - Director

1.	Statutory information

Elstead Hotel (Bournemouth) 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 and going concern

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.

In July 2026 the sale of the Elstead to a third party stalled and the Directors decided to secure the site and close the hotel for the foreseeable future. All current staff except for the Hotel manager have been served redundancy notices.

As a result there will be a significant reduction in costs following the redundancies and mothballing of the site.

The sale of the Elstead hotel continues to be a priority and the actions taken by the Directors will provide an opportunity for a full range of options to be considered and pursued.

The Directors have received confirmation from the parent Organisation that funding will be provided to meet the much reduced ongoing future costs.

Turnover

Turnover represents net invoiced sales for accommodation and conference facilities, subscriptions from the Leisure Centre, income from the bar and sundry income all excluding Value Added Tax. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added tax and other sales taxes.

Tangible fixed assets

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

Stocks

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	Employees and directors

The average number of employees during the year was 8 (2024 - 23 ) .

4.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 January 2025

and 31 December 2025

756,999

559,041

1,316,040

Depreciation

At 1 January 2025

527,090

310,779

837,869

Charge for year

15,140

11,765

26,905

At 31 December 2025

542,230

322,544

864,774

Net book value

At 31 December 2025

214,769

236,497

451,266

At 31 December 2024

229,909

248,262

478,171

5.

Debtors: amounts falling due within one year

31.12.25

31.12.24

£

£

Other debtors

3,987

3,917

6.

Creditors: amounts falling due within one year

31.12.25

31.12.24

£

£

Trade creditors

206,446

299,748

Taxation and social security

48,718

121,461

Other creditors

2,620,283

2,085,937

2,875,447

2,507,146

See related party note for description of amounts included in trade and other creditors that relate to the Communication Workers Union.

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

10,000

Ordinary

1

10,000

10,000

8.	Related party transactions

The ownership of the Company vests with the Trustees of the Communication Workers Union for whom the Company provides conference and education facilities.

Included in trade creditors at the year end was £199,838 (2024: £199,838) owed to the Union from the Company in respect of rental and management charges.

Included in other creditors is a debenture loan of £480,000 (2024: £480,000) from The Communication Workers Union. It is secured by a floating charge over the Company's assets and has no fixed repayment date or interest rate. No interest was charged and no repayments were made in the year.

Also included in other creditors is a loan from The Communication Workers Union to provide the company with additional working capital. As at the year end the loan amount owed to The Communication Workers Union was £2,062,406 (2024: £1,541,044) and this loan is unsecured, interest free and repayable on demand.

Also included in other creditors is £48,296 (2024: £48,296) lent to the company by one of the Directors to assist with working capital. There have been no movements in the year. This loan is unsecured, interest free and repayable on demand.

9.	Post balance sheet events

In July 2026 the sale of the Elstead to a third party stalled and the Directors decided to secure the site and close the hotel for the foreseeable future. All current staff except for the Hotel manager have been served redundancy notices.

As a result there will be a significant reduction in costs following the redundancies and mothballing of the site.

The sale of the Elstead hotel continues to be a priority and the actions taken by the Directors will provide an opportunity for a full range of options to be considered and pursued.

The Directors have received confirmation from the parent Organisation that funding will be provided to meet the much reduced ongoing future costs.

10.	Ultimate controlling party

The ultimate parent entity is The Communication Workers Union, a registered UK Trade Union.