M1 RE GLASGOW LIMITED

1. M1 RE GLASGOW LIMITED 2013-11-07 → present
2. M1 RE MANCHESTER LIMITED 2013-10-11 → 2013-11-07
3. M1 RE GLASGOW LIMITED 2012-10-05 → 2013-10-11

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

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Taking account of the above factors, the directors concluded that it is appropriate to prepare the financial statements on a going concern basis for a period of twelve months following approval of the balance sheet date.”

Significant events

• “With effective date 31 December 2023 at 24 o'clock the hotel business of the Motel One hotel Glasgow and all the employees, assets, liabilities, licenses, and contracts related to the hotel business were transferred to Motel One (Scotland) Limited, which is a related party within the DM Capital Group.”
• “The land and building and the bank loan were not transferred and remain within M1 RE Glasgow Limited. Motel One (Scotland) Limited as tenant and M1 RE Glasgow Limited as landlord entered into a 30-year lease agreement for the land and building commencing on 1 January 2024.”
• “During the year, the directors identified that a loan balance of £17,664,451 was incorrectly classified as a non-current liability in the prior year following a default event that arose as a result of the Motel One group restructuring. The comparative information has been restated to present this balance within current liabilities.”

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

Filings

6

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

  -71.1%

  £8,711,556 → £2,517,372

• Cash

  +53.6%

  £1,901,445 → £2,920,568

• Net assets

  -1%

  £10,225,320 → £10,122,382

• Employees

  —

  Not reported

• Operating profit

  -2.6%

  £1,604,981 → £1,563,400

• Profit before tax

  -93.6%

  £679,058 → £43,187

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