APEX HOTELS (LONDON 3) LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the above indications the Directors believe it remains appropriate to prepare the financial statements on a going concern basis. In making their assessment the Directors have considered a period of at least 12 months from the date of approval of these financial statements.”

Significant events

• “A robust trading period for the company, despite increased competition and room stock in the London marketplace, sees a continued increase in demand, albeit at a marginally reduced average rate. This has resulted in a 1% year on year increase in revenues.”
• “Apex Hotel Ltd's opted to refinance with Barclays Bank plc in July 2023, securing facilities for a five-year term comprising of a term loan of £47.9m and a £10m Revolving Credit Facility. All previous Royal Bank of Scotland facilities were repaid in full.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +0.9%

  £15,542,000 → £15,680,000

• Cash

  -57.6%

  £33,000 → £14,000

• Net assets

  +13.9%

  £41,426,000 → £47,175,000

• Employees

  —

  Not reported

• Operating profit

  -5%

  £6,281,000 → £5,970,000

• Profit before tax

  +2.9%

  £6,021,000 → £6,195,000

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