COCKPIT HOTEL (LONDON) 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

• Turnover

  -8.6%

  £19,034,918 → £17,392,199

• Cash

  +100.4%

  £627,021 → £1,256,813

• Net assets

  +117.9%

  -£348,741 → £62,289

• Employees

  +4.3%

  93 → 97

• Operating profit

  -74.3%

  £1,666,034 → £428,200

• Profit before tax

  -74.3%

  £1,666,954 → £429,182

• Wages

  +8.8%

  £3,001,291 → £3,265,639

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

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.

1. COCKPIT HOTEL (LONDON) LIMITED 1997-08-28 → present
2. COCKPIT HOTEL LIMITED 1997-08-15 → 1997-08-28
3. PRECIS (1562) LIMITED 1997-07-18 → 1997-08-15

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MHA, Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Director has assessed the Company's ability to continue as a going concern and has a reasonable expectation that the Company has adequate resources to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements. The Company has shown improvement in its financial position during the year, now being in a net assets position compared to net liabilities in 2023 and continued profitability in 2024. Trading has remained robust into 2025, supported by the refurbishment of hotel rooms, restaurant, and bar, as well as the successful rebranding of the property under the dual Ibis and Mercure brands. Revenue growth is being driven by both higher occupancy volumes and improved average room rates across the two brands. The Company holds sufficient cash reserves and maintains access to adequate financial resources to support ongoing operations. The ultimate owner has confirmed that balances due to related parties, which are under common ownership, will not be recalled by these parties unless the Company has sufficient funds to do so and it will not impact the cash requirements of the Company. The broader UK economic outlook is positive due to strong wage growth, and anticipated reductions in interest rates expected to support further growth in the hospitality sector. The refurbishment programme, funded by Lillie Investments Limited, progressed significantly during 2024, with the majority of works now completed. The remaining elements are expected to be finalised during 2025. The Company's fellow subsidiary, Lillie Investments Limited, owns the property used by Cockpit Hotel (London) Limited to trade. Lillie Investments Limited has confirmed it will continue to financially support the Company in relation to the refurbishment of the hotel. Cockpit Hotel (London) Limited continues to act as guarantor for the bank loan refinanced by Lillie Investments Limited in 2022. In preparing the forecasts, management has considered current trading trends, the impact of the refurbishment, seasonality, and cost pressures. Based on these forecasts and cash flow projections covering a period of at least 12 months from the date of approval of the financial statements, the Director is satisfied that the going concern basis remains appropriate.”

Significant events

• “The company's financial and operational performance in the current year has been impacted by an ongoing refurbishment, expected to continue until the first quarter of 2025.”

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

Filings

2

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.