WATERGATE BAY HOTEL LIMITED

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

Reporting scope

Consolidated group

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Group structure

1. WATERGATE BAY HOTEL LIMITED · parent
   1. Beach Retreats Holidays Limited 95% · holiday letting and holiday let property management
   2. Beach Retreats Operations Limited 95% · dormant company
   3. The Extreme Academy Limited 100% · dormant company
   4. Seaspace Porth Limited 100% · trading hotel

Significant events

• “Beach Retreats Holidays Limited was sold in July 2025.”
• “SeaSpace Porth Limited 'SeaSpace' was completely refurbished during the year and opened as Cornwall's first coastal aparthotel in October 2024.”
• “The padel courts at SeaSpace were damaged in November/December 2024 and rebuilt/reopened in May 2025.”
• “The banking facilities with Barclays were renewed on 8th July 2025.”

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

Filings

7

last 12 months

Capital events

1

last 24 months

Officers appointed

1

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

  -10%

  £19,209,981 → £17,294,535

• Cash

  -68.8%

  £4,485,269 → £1,399,956

• Net assets

  -7.8%

  £10,756,203 → £9,920,859

• Employees

  -4.2%

  433 → 415

• Operating profit

  -77.2%

  £1,119,716 → £254,834

• Profit before tax

  -312.2%

  £408,529 → -£866,784

• Wages

  -8.7%

  £7,904,851 → £7,215,914

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