CHESTERFIELD (MAYFAIR) LIMITED

1. CHESTERFIELD (MAYFAIR) LIMITED 1984-09-21 → present
2. RELICJET LIMITED 1984-02-13 → 1984-09-21

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have, at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Directors have considered the economic impact in global events in making their going concern assessment based on the current situation and the impact on the Company. As shown in the accompanying financial statements, the Group's total liabilities exceed its total assets by £91,354,169 at 31 December 2024. The Company's total liabilities exceed its total assets by £4,853,628 at 31 December 2024. However, the majority of the Group's and Company's liabilities are due to related parties, with no external debt outstanding. To support the going concern assessment, the Group obtained a signed letter from its ultimate parent confirming that no repayment of current liabilities will be demanded for at least 12 months from the date the financial statements are signed, or until the Group is financially able to do so. The directors are optimistic in the Group's financial outlook, supported by its positive EBITDA. Furthermore, management has also approved a series of investment projects aimed at enhancing competitiveness in the four- and five-star hotel market. These initiatives are expected to drive future growth and profitability through new business opportunities and cost management, with the goal of sustaining positive EBITDA and strong cash generation. Funding for these projects has been provided by the parent company, although it remains discretionary. Importantly, repayment of these funds is not expected to be demanded within 12 months of signing the accounts, in line with aforementioned support, In light of this, the Directors continue to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements do not include any adjustments that might be necessary if the Group were unable to continue as a going concern.”

Group structure

1. CHESTERFIELD (MAYFAIR) LIMITED · parent
   1. Montague Management Services Limited 100% · England and Wales · Hotels/Restaurants
   2. Rubens Management Services Limited 100% · England and Wales · Hotels/Restaurants
   3. Milestone Hotel Management Services Limited 100% · England and Wales · Hotels/Restaurants
   4. Egerton Hotel Management Services Limited 100% · England and Wales · Hotels/Restaurants
   5. 41 Buckingham Palace Road Limited 100% · England and Wales · Hotels/Restaurants
   6. Bbar Restaurant Limited 100% · England and Wales · Hotels/Restaurants
   7. Red Carnation Hotels (U.K.) Limited 100% · England and Wales · Administrative Services

Significant events

• “Since the year end, the Group has undergone a change in ownership and a restructuring (Note 29).”
• “The loan held with Tollman Financial Services was novated to Red Carnations Hotels Group Limited since the year end. The terms and conditions of the original loan remains unchanged following the novation (Note 28 for details).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +0.3%

  £64,756,635 → £64,935,616

• Cash

  +52.6%

  £5,560,162 → £8,484,353

• Net assets

  -3.5%

  -£88,226,099 → -£91,354,169

• Employees

  +0.4%

  760 → 763

• Operating profit

  -20.1%

  £685,601 → £548,001

• Profit before tax

  -25.3%

  -£1,975,950 → -£2,475,519

• Wages

  +4.4%

  £23,573,862 → £24,620,558

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers