LANGSTONE QUAYS HOTEL LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have considered the financial position of the group and its ability to continue as a going concern. The group is reliant on the support of its directors, bankers, and other related parties to meet its liabilities as they fall due. The group balance sheet shows net current liabilities of £6.3m and a net liabilities to £388,219. The new bank loan has a final repayment date of 4 March 2029. The consolidated financial statements show a loss after tax of £620,800 for the year ended 30 November 2024, compared to a loss after tax of £308,925 for the previous year. These conditions indicate the existence of a material uncertainty that may cast significant doubt on the group's ability to continue as a going concern. However, the directors have a reasonable expectation that the group will continue to operate and meet its liabilities as they fall due, and therefore, the financial statements have been prepared on a going concern basis.

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

  -11.6%

  £5,447,617 → £4,815,655

• Cash

  +101.1%

  £14,744 → £29,643

• Net assets

  -808.6%

  £54,787 → -£388,219

• Employees

  -1.8%

  114 → 112

• Operating profit

  -86.1%

  £388,794 → £54,081

• Profit before tax

  -203.4%

  -£244,551 → -£741,954

• Wages

  +8.7%

  £1,779,176 → £1,933,597

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

FWC Advisory Ltd

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have considered the financial position of the group and its ability to continue as a going concern. The group is reliant on the support of its directors, bankers, and other related parties to meet its liabilities as they fall due. The group balance sheet shows net current liabilities of £6.3m and a net liabilities to £388,219. The new bank loan has a final repayment date of 4 March 2029. The consolidated financial statements show a loss after tax of £620,800 for the year ended 30 November 2024, compared to a loss after tax of £308,925 for the previous year. These conditions indicate the existence of a material uncertainty that may cast significant doubt on the group's ability to continue as a going concern. However, the directors have a reasonable expectation that the group will continue to operate and meet its liabilities as they fall due, and therefore, the financial statements have been prepared on a going concern basis.”

Group structure

1. LANGSTONE QUAYS HOTEL LIMITED · parent
   1. Langstone Quays Limited 100% · England and Wales · Running of a hotel

Significant events

• “The year ended 30 November 2024 was a particularly challenging trading period for Langstone, reflecting both wider economic pressures and significant operational disruption. The hotel was adversely affected by major facilities failures and mechanical breakdowns for a second successive year. In particular, the total failure of the boiler systems resulted in the loss of over 2,000 room nights from Secret Escapes during the year, following adverse customer feedback. Efforts to replace this lost business through alternative leisure channels were hindered by exceptionally poor weather conditions, broader economic pressures affecting coastal destinations, and weak trading during key summer periods. The wider leisure market experienced similar trading pressures, with consequential impacts on food and beverage revenues. Website performance concerns, particularly in relation to organic traffic, resulted in the decision to implement a new website to improve visibility and booking conversion. Staffing challenges within the kitchen brigades led to increased reliance on agency staff, which adversely affected both operating standards and profitability across the resort.”

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

Filings

10

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.