The Hotel Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 03801629

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,164,227		979,369
Investment Properties	6		688,748		688,748
Investments	7		8,500,000		8,500,000

			10,352,975		10,168,117
CURRENT ASSETS
Debtors	8	56,263		57,851
Cash at bank and in hand		122,925		235,027

		179,188		292,878
Creditors: Amounts Falling Due Within One Year	9	(491,737 )		(476,937 )

NET CURRENT ASSETS (LIABILITIES)			(312,549 )		(184,059 )

TOTAL ASSETS LESS CURRENT LIABILITIES			10,040,426		9,984,058

Creditors: Amounts Falling Due After More Than One Year	10		(440,000 )		(400,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,024,693 )		(2,025,924 )

NET ASSETS			7,575,733		7,558,134

CAPITAL AND RESERVES
Called up share capital			400,000		400,000
Share premium account			36,176		36,176
Revaluation reserve			6,047,868		6,047,868
Profit and Loss Account			1,091,689		1,074,090

SHAREHOLDERS' FUNDS			7,575,733		7,558,134

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The Hotel Group Limited

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Antoni Michaelides

Director

29 October 2026

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

The Hotel Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03801629 . The registered office is 1st Floor Global House, 299-303 Ballards Lane, London, N12 8NP.

The presentation currency of the financial statements is Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Revenue is measured at the fair value of services provided net of VAT. Revenue for the provision of services is recognised when the services are provided to the customer.

Revenue is also generated from property rental. The company recognises revenue based on short lease agreement with tenants.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Straight line over 50 years
Fixtures & Fittings	15% on reducing balance
Computer Equipment	25% on reducing balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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The Hotel Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Investments in subsidiaries

Investments in subsidiary undertakings are recognised at fair value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2025: 13)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 July 2025	74,999

As at 30 June 2026	74,999

...CONTINUED

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The Hotel Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

Amortisation
As at 1 July 2025	74,999

As at 30 June 2026	74,999

Net Book Value
As at 30 June 2026	-

As at 1 July 2025	-

Goodwill relates to the acquisition of the hotels from the subsidiary companies and was written off over 20 years which at the time represented the expected life of the assets.

The business continues to operate from those premises.

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 July 2025	1,005,102	260,292	19,242	1,284,636
Additions	219,000	-	582	219,582

As at 30 June 2026	1,224,102	260,292	19,824	1,504,218

Depreciation
As at 1 July 2025	66,594	221,616	17,057	305,267
Provided during the period	28,231	5,801	692	34,724

As at 30 June 2026	94,825	227,417	17,749	339,991

Net Book Value
As at 30 June 2026	1,129,277	32,875	2,075	1,164,227

As at 1 July 2025	938,508	38,676	2,185	979,369

The amounts included for long leasehold represents improvements carried out on the hotel premises, owned by the subsidiary companies.

6. Investment Property

	2026
	£
Fair Value
As at 1 July 2025 and 30 June 2026	688,748

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The Hotel Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

7. Investments

	Unlisted
	£
Cost or Valuation
As at 1 July 2025	8,500,000

As at 30 June 2026	8,500,000

Provision
As at 1 July 2025	-

As at 30 June 2026	-

Net Book Value
As at 30 June 2026	8,500,000

As at 1 July 2025	8,500,000

Cost or valuation at 30 June 2026 is represented by:

Cost: £436,176

Revaluations: £8,063,824

The company owns 100% of the share capital of A. A. Michaelides Limited and Margariets Limited. These are both dormant subsidiary companies which own some of the freehold properties from which the company trades.

As at the balance sheet date the directors believe the value freehold properties are an accurate representation of the current market value. The valuation was based on a comparison with other hotel properties in the area and has been based on the lower end of market values.

8. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	-	1,588
Other debtors	41,636	41,636
Amounts owed by connected companies	14,627	14,627

	56,263	57,851

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The Hotel Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	98,439	152,161
Bank loans and overdrafts	3,791	-
Amounts owed to participating interests	204,069	205,434
Other creditors	123,952	72,588
Taxation and social security	61,486	46,754

	491,737	476,937

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Amounts owed to participating interests	440,000	400,000

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 July 2025	2,025,924	2,025,924
Reversals	(1,231 )	(1,231)

Balance at 30 June 2026	2,024,693	2,024,693

12. Related Party Transactions

Included within creditors: amounts falling due within one year is a balance of £204,069 (2025 -£205,434), and within creditors: amounts falling due after more than one year is a balance of £440,000 (2025 - £400,000) owed to A. A. Michaelides (Brook Green) Limited, a company under common control of the shareholders.

Debtors includes an amount of £18,687 (2025 - £18,687) due from M&J Limited, £14,095 (2025 - £14,095) from Juan Limited, £21,104 (2025 - £21,104) from The Hotel Boutique Limited, companies that share common directorships although under the different control by virtue of shareholding. In addition, included within debtors is an amount of £266 (2025 - £266) due from AA Michaelides Limited and £266 (2025: £266) due from Margariets Limited, for which the company owns 100% of the issued share capital of both companies.

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