CIEL HOTELS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 2.2 in the financial statements, which indicates that the company's ability to continue as a going concern is dependent on the timely sale of certain assets of the Directors. These assets are fundamental to generating the necessary cash flows to enable the company to meet its obligations as they fall due over the next 12 months from the reporting date. As stated in Note 2.2, the timing and outcome of these sales are uncertain and, therefore, a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

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

  +11.8%

  £3,223,041 → £3,601,754

• Cash

  +236.7%

  £38,015 → £127,988

  highest in 10 filed years

• Net assets

  -29.7%

  £2,862,369 → £2,011,373

  lowest in 6 filed years

• Employees

  -6.9%

  102 → 95

  lowest in 6 filed years

• Operating profit

  -8.8%

  -£519,013 → -£564,901

  lowest in 6 filed years

• Profit before tax

  -19.7%

  -£622,167 → -£744,968

  lowest in 6 filed years

• Wages

  +2.5%

  £1,587,519 → £1,626,546

  highest in 6 filed years

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. CIEL HOTELS LIMITED 2008-02-07 → present
2. KINGFISHER PROPERTY ACQUISITIONS LIMITED 2007-04-05 → 2008-02-07

Accounting basis

FRS 102

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 2.2 in the financial statements, which indicates that the company's ability to continue as a going concern is dependent on the timely sale of certain assets of the Directors. These assets are fundamental to generating the necessary cash flows to enable the company to meet its obligations as they fall due over the next 12 months from the reporting date. As stated in Note 2.2, the timing and outcome of these sales are uncertain and, therefore, a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “Construction and refurbishment works were therefore put on hold whilst increased funding is found through sales of family farming assets, which will also enable us to reduce levels of debt by 60%.”
• “The projection is for significant family land sales to be completed by next year's end reducing debt by over 50%.”
• “By 2027 Ciel Hotels will comprise of A dedicated luxury wedding venue Askham Hall An upmarket coaching inn - George and Dragon Well renowned country pub - Queens Head Best in county and Internationally regarded Country House Hotel - Sharrow Bay.”
• “As part of its investment plan, CIEL Hotels Limited is undertaking a six-figure refurbishment of the iconic Sharrow Bay on Ullswater. This will add a further 19 luxury bedrooms to its portfolio as well as offering the perfect setting for its Michelin Star restaurant Allium. This exciting development will also create more opportunities for Askham Hall to develop its luxury weddings and events business.”

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

Filings

4

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.