Company No: 04698863 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	4	9,500		9,500
Tangible assets	5	1,211,757		1,322,805
		1,221,257		1,332,305
Current assets
Stocks	6	21,272		21,272
Debtors	7	145,278		196,873
Cash at bank and in hand	8	444,694		674,191
		611,244		892,336
Creditors: amounts falling due within one year	9	( 778,664)		( 905,461)
Net current liabilities		(167,420)		(13,125)
Total assets less current liabilities		1,053,837		1,319,180
Creditors: amounts falling due after more than one year	10	( 681,531)		( 720,973)
Provision for liabilities	11, 12	( 136,102)		( 155,379)
Net assets		236,204		442,828
Capital and reserves
Called-up share capital	13	100		100
Profit and loss account		236,104		442,728
Total shareholders' funds		236,204		442,828

For the financial year ending 31 October 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 financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Francis Hotels UK Limited (registered number: 04698863) were approved and authorised for issue by the Board of Directors on 19 June 2026. They were signed on its behalf by:

J Francis Director

1. Accounting policies

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.

General information and basis of accounting

Francis Hotels UK 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 Ground Floor Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	depreciated over the life of the lease
Leasehold improvements	depreciated over the life of the lease
Plant and machinery	25 - 25 % reducing balance
Vehicles	25 - 25 % reducing balance
Fixtures and fittings	15 - 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	43		48

3. Dividends on equity shares

	2025		2024
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Final dividend for the financial year ended 31 October 2025	(200,000)		(125,000)

4. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 November 2024	9,500		9,500
At 31 October 2025	9,500		9,500
Accumulated amortisation
At 01 November 2024	0		0
At 31 October 2025	0		0
Net book value
At 31 October 2025	9,500		9,500
At 31 October 2024	9,500		9,500

5. Tangible assets

	Land and buildings		Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£		£
Cost
At 01 November 2024	337,227		1,552,813		1,172,956		88,680		1,041,518		4,193,194
Additions	0		21,086		18,991		0		39,093		79,170
At 31 October 2025	337,227		1,573,899		1,191,947		88,680		1,080,611		4,272,364
Accumulated depreciation
At 01 November 2024	0		1,251,603		772,521		56,548		789,717		2,870,389
Charge for the financial year	0		49,381		92,102		6,427		42,308		190,218
At 31 October 2025	0		1,300,984		864,623		62,975		832,025		3,060,607
Net book value
At 31 October 2025	337,227		272,915		327,324		25,705		248,586		1,211,757
At 31 October 2024	337,227		301,210		400,435		32,132		251,801		1,322,805

6. Stocks

	2025		2024
	£		£
Stocks	21,272		21,272

7. Debtors

	2025		2024
	£		£
Trade debtors	118,447		163,980
Other debtors	26,831		32,893
	145,278		196,873

8. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	( 55,306)		74,191
Short-term deposits	500,000		600,000
	444,694		674,191

9. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	89,328		94,824
Trade creditors	72,625		106,663
Taxation and social security	201,739		289,782
Obligations under finance leases and hire purchase contracts	6,086		6,086
Other creditors	408,886		408,106
	778,664		905,461

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

	2025		2024
	£		£
Bank loans	673,923		707,241
Obligations under finance leases and hire purchase contracts	7,608		13,732
	681,531		720,973

There are no amounts included above in respect of which any security has been given by the small entity.

11. Provision for liabilities

	2025		2024
	£		£
Deferred tax	136,102		155,379

12. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 155,379)		( 167,215)
Credited to the Statement of Income and Retained Earnings	19,224		11,836
Amounts written back	53		0
At the end of financial year	( 136,102)		( 155,379)

13. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

14. Financial commitments

Other financial commitments

	2025		2024
	£		£
The total amount of financial commitments not included in the balance sheet is	724,854		768,854