APARTHOTEL KENSINGTON LIMITED

• ⚠

  Material uncertainty over going concern

  Edyn Aparthotel Europe S.à r.l. has provided the Company with a letter of support, however it is not legally binding and they have also issued this support to a significant number of other entities within the group. Based on the above, the company is reliant on the wider group for financial support which is not guaranteed. This indicates the existence of a material uncertainty that may cast significant doubt over the Company's ability to continue as a going concern and therefore, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business. The Directors have reasonable expectation that the funding from the wider group will be forthcoming and therefore the financial statements are prepared on a going concern basis. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. APARTHOTEL KENSINGTON LIMITED 2022-07-14 → present
2. KENSINGTON HOTEL VALUE ADDED, I LIMITED 2009-12-29 → 2022-07-14
3. LOSAN INVESTMENTS LIMITED 2006-03-07 → 2009-12-29

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 101

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Edyn Aparthotel Europe S.à r.l. has provided the Company with a letter of support, however it is not legally binding and they have also issued this support to a significant number of other entities within the group. Based on the above, the company is reliant on the wider group for financial support which is not guaranteed. This indicates the existence of a material uncertainty that may cast significant doubt over the Company's ability to continue as a going concern and therefore, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business. The Directors have reasonable expectation that the funding from the wider group will be forthcoming and therefore the financial statements are prepared on a going concern basis. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.”

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

Filings

15

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +199.9%

  £916,000 → £2,747,000

• Cash

  +283.5%

  £381,000 → £1,461,000

• Net assets

  -9%

  £25,901,000 → £23,569,000

• Employees

  —

  Not reported

• Operating profit

  +1,372.2%

  £151,000 → £2,223,000

• Profit before tax

  -283%

  -£1,029,000 → -£3,941,000

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