104 LIMITED
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Cash
£261K
+51.8% highest in 6 filed years
Net assets
-£2.7M
+4.3% vs 2024
Employees
112
+2.8% highest in 6 filed years
Profit before tax
£179K
+29.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £4,140,650 | £4,559,069 | +10.1% | |
| Operating profit | — | — | — | — | £358,629 | £399,420 | +11.4% | |
| Profit before tax | — | — | — | — | £137,795 | £178,777 | +29.7% | |
| Net profit | — | — | — | — | £211,535 | £121,319 | -42.6% | |
| Cash | £116 | £737 | £854 | £1,309 | £172,053 | £261,246 | +51.8% | |
| Total assets less current liabilities | -£143,454 | -£197,560 | £3,241,120 | £3,217,969 | -£2,775,507 | -£168,806 | +93.9% | |
| Net assets | — | -£518,699 | £2,919,981 | £2,896,830 | -£2,833,841 | -£2,712,522 | +4.3% | |
| Equity | -£143,454 | -£518,699 | £2,919,981 | £2,896,830 | -£2,833,841 | -£2,712,522 | +4.3% | |
| Average employees | 91 | 76 | 83 | 102 | 109 | 112 | +2.8% | |
| Wages | — | — | — | — | £1,650,803 | £1,827,070 | +10.7% | |
| Directors' remuneration | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 8.7% | 8.8% | |
| Net margin | — | — | — | — | 5.1% | 2.7% | |
| Current ratio | — | — | — | — | 0.52x | 0.65x | |
| Interest cover | — | — | — | — | 1.61x | 1.79x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Lewis Brownlee (Chichester) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The group made another profit during the year. This is in line with the directors' strategic plans of investing into the group to improve the hotel, its activities, and the surrounding owned properties under development to increase revenue levels and therefore profitability. A subsidiary company is reliant on the continued support of its bankers. A new long term bank loan was agreed in the year, repayable over a total period of 15 years. Therefore, there has been a significant improvement in the net current liabilities position this year. The group still reports a significant net liabilities position and is reliant on the continued support of the directors and shareholders. The directors and shareholders remain fully committed through their desire and ability financially to support the group further, as they have done previously, if required.”
Group structure
- 104 LIMITED · parent
- Queens Hotel (Portsmouth) Limited 100%
- Sharkfire Ltd 100%
- Brassfile Ltd 100%
- ORL Limited 100%
- Rego Property (Southsea) Limited 100%
Significant events
- “The hotel has now been fully refurbished, with just the currently vacant 4th floor remaining unused. A period of trading consolidation is underway, while we prepare to bring the 4th floor back into operational use, at the same time enhancing the structural integrity of the roof.”
- “During the year, 104 Limited acquired the remaining 50% of the share capital of Rego Property (Southsea) Limited.”
- “Future plans include the reintroduction of the 4th floor into operational use for the hotel and obtaining planning permissions for assets.”
- “After the balance sheet date, the company issued 20 ordinary shares for a total consideration of £20.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SCHWERDTFEGER, Thomas | Director | 2016-01-22 | Jan 1954 | German |
| STEWART, Paul | Director | 2016-01-22 | May 1968 | British |
| YEGANEH, Farid | Director | 2016-01-22 | Sep 1969 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Thomas Schwerdtfeger | Individual | Shares 25–50% | 2016-04-06 | Active |
| Mr Farid Yeganeh | Individual | Shares 25–50% | 2016-04-06 | Active |
| Mr Paul Stewart | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 31 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-10 | AA | accounts | Accounts with accounts type group | |
| 2025-08-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-11 | SH01 | capital | Capital allotment shares | |
| 2025-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-26 | AA | accounts | Accounts with accounts type group | |
| 2024-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-22 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-22 | CH01 | officers | Change person director company with change date | |
| 2023-12-20 | AA | accounts | Accounts with accounts type group | |
| 2023-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-22 | AA | accounts | Accounts with accounts type group | |
| 2022-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-23 | AA | accounts | Accounts with accounts type group | |
| 2021-10-19 | CH01 | officers | Change person director company with change date | |
| 2021-04-01 | AA | accounts | Accounts with accounts type group | |
| 2021-02-04 | CH01 | officers | Change person director company with change date | |
| 2021-02-04 | CH01 | officers | Change person director company with change date | |
| 2021-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-11-21 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.