104 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

  +10.1%

  £4,140,650 → £4,559,069

• Cash

  +51.8%

  £172,053 → £261,246

  highest in 6 filed years

• Net assets

  +4.3%

  -£2,833,841 → -£2,712,522

• Employees

  +2.8%

  109 → 112

  highest in 6 filed years

• Operating profit

  +11.4%

  £358,629 → £399,420

• Profit before tax

  +29.7%

  £137,795 → £178,777

• Wages

  +10.7%

  £1,650,803 → £1,827,070

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.

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

1. 104 LIMITED · parent
   1. Queens Hotel (Portsmouth) Limited 100% · England · Hotelier
   2. Sharkfire Ltd 100% · England · Property development
   3. Brassfile Ltd 100% · England · Property development
   4. ORL Limited 100% · England · Property development
   5. Rego Property (Southsea) Limited 100% · England · Development of building projects

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

Filings

3

last 12 months

Capital events

1

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.