SANDY PARK HOTEL LIMITED

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  Material uncertainty over going concern

  The company's existing lending facilities mature in May 2025. The directors are engaged in ongoing discussions with NatWest Bank PLC in respect of renewing these facilities. The company remains dependent on the continued support of its banking partner and on the financial support of its shareholders to provide funding as and when required within the appropriate timeframes. These conditions, along with other matters as set out in note 2, indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern.

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  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. SANDY PARK HOTEL LIMITED 2018-04-10 → present
2. ROWE PROPERTIES SANDY PARK LIMITED 2017-03-13 → 2018-04-10

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Thompson Jenner LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company's existing lending facilities mature in May 2025. The directors are engaged in ongoing discussions with NatWest Bank PLC in respect of renewing these facilities. The company remains dependent on the continued support of its banking partner and on the financial support of its shareholders to provide funding as and when required within the appropriate timeframes. These conditions, along with other matters as set out in note 2, indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “In the previous accounting period, the company shortened the year end from 30 June 2024 to 31 December 2023. This was due to internal reporting systems which operate on a calendar year basis. The comparative amounts presented in the financial statements (including the related notes) are therefore not entirely comparable.”

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

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.