REGISTERED NUMBER: 00978501 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

FOR

ELGIN HOTEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N A Seddon

Mrs I Seddon

Mrs E P Brown

SECRETARY:

Mr N A Seddon

REGISTERED OFFICE:

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

REGISTERED NUMBER:

00978501 (England and Wales)

ACCOUNTANTS:

Xeinadin

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,422,748

3,149,195

3,422,748

3,149,195

CURRENT ASSETS

Stocks

30,914

28,374

Debtors

6

654,705

748,599

Cash at bank and in hand

117,594

282,890

803,213

1,059,863

CREDITORS

Amounts falling due within one year

7

(1,875,170

)

(1,934,806

)

NET CURRENT LIABILITIES

(1,071,957

)

(874,943

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,350,791

2,274,252

CREDITORS

Amounts falling due after more than one year

8

(503,214

)

(534,737

)

PROVISIONS FOR LIABILITIES

(445,330

)

(362,453

)

NET ASSETS

1,402,247

1,377,062

CAPITAL AND RESERVES

Called up share capital

50,300

50,300

Share premium

5,100

5,100

Revaluation reserve

11

1,003,424

1,023,471

Other reserves

2,500

2,500

Retained earnings

340,923

295,691

SHAREHOLDERS' FUNDS

1,402,247

1,377,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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:

Mr N A Seddon - Director

1.	STATUTORY INFORMATION

Elgin Hotel 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.

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

The balance sheet shows net current liabilities of £1,071,957 (2025: £874,943). Total net assets £1,402,247 (2025: £1,377,062).

The group is dependent upon the continuing support of its directors and other creditors to enable it to meet its day to day working capital requirements. The directors have indicated that they are willing to provide such support for the foreseeable future and therefore believe it is appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover representing the value of services is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the service has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Turnover representing the sale of goods is shown net of VAT and trade discounts and is recognised when the goods are physically delivered to the customer.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

Nil

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on cost

Land and buildings are stated at cost (or deemed cost for land and buildings held at valuation at the date of transition to FRS 102).

Depreciation is not provided for in respect of freehold properties. In the opinion of the directors, the residual value of the freehold properties at the end of their useful lives are expected to be such that any depreciation would be wholly immaterial.

Stocks

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

Financial instruments

Other debtors contains a bond which is recognised at cost, this matures in under 12 months and is therefore recognised as current asset.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2025 - 61 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2025

and 30 April 2026

27,500

AMORTISATION

At 1 May 2025

and 30 April 2026

27,500

NET BOOK VALUE

At 30 April 2026

-

At 30 April 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2025

2,451,452

3,488,252

43,890

107,665

6,091,259

Additions

149,154

293,700

-

10,074

452,928

Disposals

-

-

(43,890

)

-

(43,890

)

At 30 April 2026

2,600,606

3,781,952

-

117,739

6,500,297

DEPRECIATION

At 1 May 2025

-

2,812,438

25,913

103,713

2,942,064

Charge for year

-

157,072

(25,913

)

4,326

135,485

At 30 April 2026

-

2,969,510

-

108,039

3,077,549

NET BOOK VALUE

At 30 April 2026

2,600,606

812,442

-

9,700

3,422,748

At 30 April 2025

2,451,452

675,814

17,977

3,952

3,149,195

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

177,668

297,668

Other debtors

461,182

438,890

Prepayments and accrued income

15,855

12,041

654,705

748,599

Other debtors contains £451,465 (2025 - £433,685) which represents a cash backed bond issued to ABTA Insurance PCC Ltd, this will mature March 2027.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

31,860

29,925

Hire purchase contracts (see note 9)

-

23,050

Trade creditors

751,278

742,797

Amounts owed to group undertakings

868,796

853,740

Tax

10,995

121,997

Social security and other taxes

29,494

24,547

VAT

89,335

76,781

Other creditors

438

350

Accruals and deferred income

92,974

61,619

1,875,170

1,934,806

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

33,943

31,882

Bank loans - 2-5 years

469,271

502,855

503,214

534,737

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

-

23,050

Non-cancellable

operating leases

2026

2025

£

£

Between one and five years

23,617

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

-

23,050

Bank Loans

535,074

564,662

535,074

587,712

Assets financed under hire purchase are secured upon the assets to which they relate.

11.

RESERVES

Revaluation

reserve

£

At 1 May 2025

1,023,471

Movement on deferred tax

(20,047

)

At 30 April 2026

1,003,424

12.	CONTINGENT LIABILITIES

A cross-company unlimited guarantee is in place in favour of one of the company's bankers between the company and Sheraton Hotel (Blackpool) Limited. At the balance sheet date monies owing to the bank totals £1,605,221 (2025 - £1,693,985).

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	CONTROLLING PARTY

Elgin Hotel Limited is a subsidiary of Alf Seddon Limited of 17 St Peters Place, Fleetwood, Lancashire, FY7 6EB.