Company No:
Contents
| DIRECTORS | J M Sadr-Hashemi |
| A J Stevens (Appointed 06 January 2025) |
| REGISTERED OFFICE | 1st Floor 5 Wigmore Street |
| London | |
| W1U 1PB | |
| United Kingdom |
| BUSINESS ADDRESS | Radisson Blu Hotel |
| East Midlands Airport Herald Way, | |
| Pegasus Business Park East Midlands Airport | |
| Castle Donnington | |
| Derby | |
| DE74 2TZ |
| COMPANY NUMBER | 07110802 (England and Wales) |
| AUDITOR | S&W Audit |
| Statutory Auditor | |
| 45 Gresham Street | |
| London | |
| EC2V 7BG |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 4 |
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| 7,762 | 9,707 | |||
| Current assets | ||||
| Stocks |
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| Debtors | 5 |
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| Cash at bank and in hand |
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| 3,478,075 | 4,521,619 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current assets | 26,861 | 80,274 | ||
| Total assets less current liabilities | 34,623 | 89,981 | ||
| Creditors: amounts falling due after more than one year | 7 |
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| Net assets/(liabilities) |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholders' funds/(deficit) |
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The notes on pages 10 to 15 form part of these financial statements
The financial statements of Hotel East Midlands Limited (registered number:
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A J Stevens
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Hotel East Midlands Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1st Floor 5 Wigmore Street, London, W1U 1PB, United Kingdom. The principal place of business is Radisson Blu Hotel, East Midlands Airport Herald Way, Pegasus Business Park East Midlands Airport, Castle Donnington, Derby, DE74 2TZ.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Hotel East Midlands Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.
As at 31 December 2025, the Company had net assets of £34,623 and generated a profit before tax of £172,751. In performing its going concern assessment for the preparation of the financial statements, the Company has prepared financial cashflow forecasts through to the end of 2027, which covers a period of at least 12 months from the date of approval of these financial statements. The directors and management team have carefully reviewed the future prospects of the Company and its future cash flows, considering the current market situation and demand within the sector. The directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
**Sale of goods**
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
* the Company has transferred the significant risks and rewards of ownership to the buyer;
* the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
* the amount of turnover can be measured reliably;
* it is probable that the Company will receive the consideration due under the transaction; and
* the costs incurred or to be incurred in respect of the transaction can be measured reliably.
**Rendering of services**
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
* the amount of turnover can be measured reliably;
* it is probable that the Company will receive the consideration due under the contract;
* the stage of completion of the contract at the end of the reporting period can be measured reliably; and
* the costs incurred and the costs to complete the contract can be measured reliably.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
| Land and buildings | depreciated over the life of the lease |
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 profit or loss.
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
The judgements, estimates and assumptions are evaluated at each reporting date and are based on historical experience as adjusted for current market conditions and other factors. The director and
management team will make estimates and assumptions concerning the future in preparing the financial statements and the actual results will not always reflect the accounting estimates made.
In the opinion of the directors there were no estimates or assumptions that would have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the financial statements of the Company.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Land and buildings | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 January 2025 |
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| At 31 December 2025 |
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| Accumulated depreciation | |||
| At 01 January 2025 |
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| Charge for the financial year |
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| At 31 December 2025 |
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| Net book value | |||
| At 31 December 2025 | 7,762 | 7,762 | |
| At 31 December 2024 | 9,707 | 9,707 |
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors |
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| Accruals and deferred income |
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| Taxation and social security |
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| Other creditors |
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Included within Accruals and deferred income is the Company's Fixtures, Fittings and Equipment creditor which has been recognised in accordance with the terms of the operational management agreement. This amounted to £1,685,028 for the current year (2024: £1,594,400).
| 2025 | 2024 | ||
| £ | £ | ||
| Other creditors |
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Commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
| 2025 | 2024 | ||
| £ | £ | ||
| Within one year |
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| Between one and five years |
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| After five years |
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The future minimum lease payments under the Company's operating lease is payable in accordance with the hotel property lease agreement. The operating lease commitment for future periods has been calculated using the expected performance of the Company and may be revised in future periods to reflect a change in expectations.
The director of the Company, alongside one employee, are considered to constitute Key Management Personnel. The Directors did not receive any remuneration and Key Management Personnel received remuneration of £86,657 for their services during the year (2024: £107,308).
The audit report was signed on 7 August 2026 by Chetan Mistry (Senior Statutory Auditor) on behalf of S&W Audit.
The directors do not consider there to be an ultimate controlling party.