M1 RE EDINBURGH 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

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In line with the FRC guidance on going concern, the directors have undertaken an exercise to review the appropriateness of the continued use of the going concern basis and have concluded that it is appropriate. During the year 2024 the company recorded a profit after tax of £0,8m and net current liabilities of £5,014m, which are resulting from the bank loan repayable in December 2025. In the meantime a new loan agreement was signed on 23 December 2025, with a maturity of three years and variable interest rates. The directors have reviewed the cash flow forecast covering a twelve-month period after the date of approving the financial statements. Cash inflows comprise rental income from the letting of the land and building to Motel One (Scotland) Ltd.. This is highly predictable and is forecast to cover the liquidity requirements of the company, being the interest on the bank loan, the loan repayments, administrative expenses and taxes for the twelve months following the date of approval of the financial statements. Uncertainty exists relating to the interest rates. Predictions show a decreasing SONIA rate until 2028. As a result of the uncertainty noted above a severe downside scenario was modelled in which interest rates increase and rent is not paid, but due to the existing liquidity reserves at the end of 2025 in the amount of £6,005m, the company remains able to settle its liabilities in the next twelve months following approval of the balance sheet date. 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 on Market Street, Edinburgh, and all the employees, assets, liabilities, licenses, and contracts related to the hotel business were transferred to Motel One (Scotland) Limited. The land and building and the bank loan were not transferred and remain within M1 RE Edinburgh Limited. Motel One (Scotland) Limited as tenant and M1 RE Edinburgh Limited as landlord entered into a 30-year lease agreement for the land and building commencing on 1 January 2024.”

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

Filings

8

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

  -71.7%

  £8,515,778 → £2,406,011

• Cash

  +6.5%

  £4,806,901 → £5,119,068

• Net assets

  +7.4%

  £10,782,620 → £11,585,220

• Employees

  —

  Not reported

• Operating profit

  -46.8%

  £3,348,791 → £1,780,256

• Profit before tax

  -57.6%

  £2,651,823 → £1,124,988

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