Laser Bristol Tradeco Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06111591

Laser Bristol Tradeco Limited

Filleted Unaudited Financial Statements

31 December 2025

Laser Bristol Tradeco Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	7	133,924	253,174

Current assets

Debtors	8	3,965,940	3,275,267
Cash at bank and in hand		3,700,838	2,851,122
		------------	------------
		7,666,778	6,126,389

Creditors: amounts falling due within one year	9	2,164,394	3,820,085
		------------	------------
Net current assets		5,502,384	2,306,304
		------------	------------
Total assets less current liabilities		5,636,308	2,559,478

Creditors: amounts falling due after more than one year	10	320,080	–

Provisions

Other provisions	1,502,106	–
	------------	------------
Net assets	3,814,122	2,559,478
	------------	------------

Capital and reserves

Share capital	11	1,000,002	1,000,002
Profit and loss account		2,814,120	1,559,476
		------------	------------
Shareholders funds		3,814,122	2,559,478
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Laser Bristol Tradeco Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 10 August 2026 , and are signed on behalf of the board by:

Manish Gudka

Director

Company registration number: 06111591

Laser Bristol Tradeco Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, 88 Baker Street, London W1U 6TQ, England. The previous reporting period represents a 9 month period to 31 December 2024, and therefore is not entirely comparable with the reporting period of 12 months.

2. Statement of compliance

These financial statements have been prepared in accordance with Full Financial Reporting Standard (FRS 102), the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention. The following principal accounting policies have been applied :

Going concern

In preparing the financial statements, the directors have made an assessment of the entity's ability to continue as a going concern. The company has a contract with a single customer which provides a fixed income. Since October 2024, the running of the hotel operations has been outsourced (for a fixed fee) to an external provider that specialises in hotel operations management. The group with which this Company sits holds an external bank loan which was refinanced with another provider in March 2026. The bank reviewed the financial position and forecasts of the group and are comfortable that the covenants of the loan would be met. Accordingly, the directors are of the opinion that it is appropriate to prepare the financial statements on a going concern basis.

Revenue recognition

Turnover comprises income from the operation of a hotel, which excludes value added tax and trade discounts, represents the invoiced value of goods and services supplied and is recognised at the point of sale at which the accommodation and related services are provided.

Operating leases

Payments (excluding costs for services and insurance) made under operating leases are recognised in the profit and loss account on a straight-line basis over the term of the lease unless the payments to the lessor are structured to increase in line with expected general inflation; in which case the payments related to the structured increases are recognised as incurred.

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for: differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; to the extent that it is not probable that they will reverse in the foreseeable future and the reporting entity is able to control the reversal of the timing difference. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation and impairment

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - Over period of 5 years

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).

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of Interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Provisions

Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. A provision is made in the accounts to fund future refurbishments. This is calculated as a percentage of turnover to date.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Judgements and estimates are required in assessing the depreciation rates for fixed assets which is largely dependent on the remaining period left on the lease, but consideration is also given to the expected life of the asset itself. Any change in useful economic life which drives the depreciation rates could lead to a material change in value of fixed assets.

Intercompany balances

Amounts owed by group undertakings are assessed for recoverability at year-end. If the directors consider there to be any likelihood of amounts not being recovered, the carrying value of these amounts is impaired.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 28 (2024: 6 ).

5. Tax on profit

Major components of tax expense

		Period from
	Year to	1 Apr 24 to
	31 Dec 25	31 Dec 24
	£	£

Current tax:

UK current tax expense	312,215	–
Adjustments in respect of prior periods	–	29,693
	---------	--------
Total current tax	312,215	29,693
	---------	--------
	---------	--------
Tax on profit	312,215	29,693
	---------	--------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

		Period from
	Year to	1 Apr 24 to
	31 Dec 25	31 Dec 24
	£	£
Profit on ordinary activities before taxation	1,566,859	258,159
	------------	---------
Profit on ordinary activities by rate of tax	391,715	64,540
Adjustment to tax charge in respect of prior periods	–	29,693
Effect of expenses not deductible for tax purposes	96,904	10,020
Effect of capital allowances and depreciation	( 96,904)	22,360
Movement in deferred tax not recognised	( 79,500)	( 96,920)
	------------	---------
Tax on profit	312,215	29,693
	------------	---------

6. Directors remuneration

The director emoluments are paid by Aprirose Ltd, the asset manager of the company. Their services to the company were of a negligible value and their employments are deemed wholly attributable to their services to Aprirose Limited so no amounts have been recharged to the company (period ended 31 December 2024: Nil).

The directors are considered to be the key management personnel of the company.

7. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 January 2025 and 31 December 2025	3,565,578
	------------
Depreciation
At 1 January 2025	3,312,404
Charge for the year	119,250
	------------
At 31 December 2025	3,431,654
	------------
Carrying amount
At 31 December 2025	133,924
	------------
At 31 December 2024	253,174
	------------

8. Debtors

	2025	2024
	£	£
Trade debtors	869,550	500,000
Amounts owed by group undertakings	2,977,815	2,716,057
Other debtors	118,575	59,210
	------------	------------
	3,965,940	3,275,267
	------------	------------

The amounts owed by group undertakings in the current year are unsecured, interest free and repayable on demand.

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	383,338	366,967
Corporation tax	–	12,865
Social security and other taxes	320,780	444,990
Other creditors	1,460,276	2,995,263
	------------	------------
	2,164,394	3,820,085
	------------	------------

The amounts owed to group undertakings are unsecured, interest free and repayable on demand.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Corporation tax	320,080	–
	---------	----

11. Share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000,002	1,000,002	1,000,002	1,000,002
	------------	------------	------------	------------

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	2,717,566	2,624,964
Later than 1 year and not later than 5 years	10,870,264	10,564,088
Later than 5 years	30,913,244	32,699,610
	-------------	-------------
	44,501,074	45,888,662
	-------------	-------------

The company leases the hotel under an operating lease from Bristol Mercure Property 2 Limited. The lease runs for 25 Years and is for hotel operations by the Company. The lease includes both land and buildings . The company also has a franchise agreement for 15 years with Accor UK Business and Leisure Hotels Limited. The company has to make a franchise fee payment of 3.75% of room revenue and marketing fee of 1.5% of total revenue.

13. Reserves

"Profit and loss account" represents accumulated comprehensive income for the period.

"Share capital" represents the nominal value of shares that have been issued.

14. Ultimate parent undertaking and controlling party

The immediate parent is Bristol Mercure Property Limited, a company registered at Victoria Road, Douglas, Isle of Man, IM2 4DF. The indirect parent company and the ultimate controlling party of both the company and Bristol Mercure Property Limited is Bristol Mercure Group Holdings Limited, a company registered in the Isle of Man. The Directors believe there to be no controlling party.