THE ABBEY HOTEL LIMITED

1. THE ABBEY HOTEL LIMITED 1997-07-31 → present
2. MB98 LIMITED 1997-06-19 → 1997-07-31

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

FRS 102 §1A

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Mercer & Hole LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the appropriateness of the going concern assumption, the Directors have prepared detailed cash flow forecasts for the Company and connected hotels extending 12 months from the date of approval of these financial statements. The forecasts take into account the expected hotel occupancy levels and rates based upon known calendar of events and a targeted marketing strategy. The forecasts also take into account anticipated inflationary increase in costs, in particular utility process and staff wages. The forecasts indicate that in any reasonable scenario, the Company has sufficient cash to meet its liabilities as they fall due.”

Significant events

• “The company's major asset is a luxury hotel in London. Its operations are reliant on corporate and leisure clients. It is also in competition with other similar hotels in the area.”
• “As an entity providing services to the general public, the directors and management are subject to the legislative requirements that this entails.”

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

  +6%

  £3,598,717 → £3,816,387

  highest in 4 filed years

• Cash

  -15.9%

  £352,663 → £296,420

• Net assets

  -53.5%

  £281,650 → £131,024

  first positive since 2020

• Employees

  +1.3%

  77 → 78

  highest in 5 filed years

• Operating profit

  -287.6%

  £80,283 → -£150,626

• Profit before tax

  -317.4%

  £69,297 → -£150,626

• Wages

  +11%

  £1,476,804 → £1,638,748

  highest in 5 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers