PL HOTEL LIMITED

1. PL HOTEL LIMITED 2006-06-05 → present
2. MWB PARK LANE HOTEL LIMITED 2004-12-23 → 2006-06-05
3. FINLAW 467 LIMITED 2004-08-25 → 2004-12-23

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

Standalone (parent only)

Auditor

Ernst & Young

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has performed an assessment of whether it is a going concern in the light of current economic conditions and all available information about future risks and uncertainties. As at 31 December 2024, the Company had a net current liability position of GBP 94,425,741 (2023: net current liability of GBP 95,532,044) and accumulated losses of GBP 13,056,796 (2023: GBP 12,652,652). The Company has not met Interest Cover ratio as prescribed in the terms of the loan agreement with First Abu Dhabi Bank PJSC ("the Lender"). As of the reporting date, the Company has received waiver from the lender with regard to breach in covenant. This mitigates any adverse impact on the Company's liquidity position. The management has forecasted that the Company will be able to meet its obligations that arise in the future for the 12 months from sign off. In addition, the ultimate parent undertaking has indicated its intention to provide continuing financial support by way of support letter. The Directors believe, taking into account the matters discussed above, that the Company has sufficient financial support and that it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “The bank loan which was originally due for repayment in full on 8 October 2024, was extended to 4 April 2025 during the year, subsequent to year the term loan was further extended till 4 July 2025. This constitutes a significant event.”

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

Filings

3

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

  -6.2%

  £22,734,032 → £21,321,378

• Cash

  +5.4%

  £7,496,749 → £7,905,015

• Net assets

  +0.7%

  £70,579,268 → £71,050,383

• Employees

  —

  Not reported

• Operating profit

  +18.7%

  £6,584,792 → £7,816,896

• Profit before tax

  +119.4%

  -£631,153 → £122,482

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