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Registered number: 14030861
HANOVER SQUARE HOSPITALITY GROUP LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2026
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HANOVER SQUARE HOSPITALITY GROUP LIMITED
REGISTERED NUMBER: 14030861
BALANCE SHEET
AS AT 31 AUGUST 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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HANOVER SQUARE HOSPITALITY GROUP LIMITED
REGISTERED NUMBER: 14030861
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2026
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................
Nicholas James Fallows
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The notes on pages 3 to 7 form part of these financial statements.
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HANOVER SQUARE HOSPITALITY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2026
Hanover Square Hospitality Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14030861. The registered office is 25 Hanover Square, London, England, W1S 1JF.
The principal activity of the Company during the year was the operation of a restaurant. The Company ceased trading in April 2026.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
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Basis of preparation other than going concern
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The Company ceased trading in April 2026. Subsequent to the reporting date, the directors resolved to place the Company into creditors' voluntary liquidation.
As a consequence, the directors have concluded that the going concern basis of preparation is no longer appropriate and these financial statements have therefore been prepared on a basis other than going concern.
In preparing the financial statements, the directors have considered the expected realisation of the Company's assets and settlement of its liabilities through the liquidation process.
At the date of approval of these financial statements, detailed asset realisations, creditor claims and formal liquidation valuations had not been finalised. Accordingly, the carrying values of assets and liabilities included in these financial statements are based on the information available to the directors at the date of approval.
Based on the information available at the date of approval, the directors do not consider any material adjustments to the carrying values of assets and liabilities to be required. However, the ultimate amounts realised from the disposal of assets and the settlement of liabilities may differ from the amounts reflected in these financial statements.
The most significant assets subject to uncertainty are leasehold improvements included within tangible fixed assets and the Company's related lease obligations, the outcomes of which will depend upon the realisations achieved and claims agreed during the liquidation process.
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HANOVER SQUARE HOSPITALITY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2026
2.Accounting policies (continued)
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
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.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue 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 revenue 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.
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HANOVER SQUARE HOSPITALITY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2026
2.Accounting policies (continued)
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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:
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Long-term leasehold property
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet 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.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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HANOVER SQUARE HOSPITALITY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2026
2.Accounting policies (continued)
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 39 (2025 - 42).
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Long-term leasehold property
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Charge for the year on owned assets
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HANOVER SQUARE HOSPITALITY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2026
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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During the year the Company held one loan from its parent company, which totalled £7,175,000 (2025: 5,975,000) at year end. At year end the outstanding loan is interest free and repayable on demand.
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The Company operates a defined contributions pension scheme. The pension cost charges represents contributions payable by the Company to the fund and amounted to £6,060 (2025: £9,114).
Contributions totalling £360 (2025: £1,757) were payable to the fund at the reporting date.
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Post balance sheet events
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Subsequent to the reporting date, the directors resolved to place the Company into creditors' voluntary liquidation. The Company had ceased trading in April 2026 and will not recommence operations. As a result, the financial statements have been prepared on a basis other than going concern.
At the date of approval of these financial statements, the liquidation process was ongoing and detailed assessments of asset realisations and creditor claims had not been completed. Accordingly, formal liquidation valuations were not available and the ultimate amounts realised from the Company's assets and settled in respect of its liabilities may differ from the carrying values included in these financial statements.
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