Kas No.1 Limited
Private Limited Company · London
ActiveUnited KingdomIncorporated 2004Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Group accounts
Net assets
£666,014
Cash
£132,194
Turnover
£7,952,131
Profit / loss
£1,284,071
Current assets
£2,751,956
Creditors < 1 year
£12,866,516
Equity
£666,014
Average employees
86
Balance-sheet trend
GBP · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £666,014 | −£664,978 |
| Equity | £666,014 | −£664,978 |
| Share capital | £151,000 | £151,000 |
| Retained earnings | −£9,082,257 | −£10,437,098 |
| Assets | ||
| Fixed assets | £33,229,355 | £33,455,443 |
| Property, plant & equipment | £33,229,355 | £33,455,443 |
| Current assets | £2,751,956 | £2,562,752 |
| Cash at bank | £132,194 | £101,368 |
| Debtors | £2,595,639 | £2,440,490 |
| Stock | £24,123 | £20,894 |
| Liabilities | ||
| Creditors within one year | £12,866,516 | £13,986,682 |
| Creditors after one year | £18,948,072 | £19,409,937 |
| Provisions | £3,500,709 | £3,286,554 |
| Net current assets | −£10,114,560 | −£11,423,930 |
| Assets less current liabilities | £23,114,795 | £22,031,513 |
| Profit & loss | ||
| Turnover | £7,952,131 | £9,148,685 |
| Cost of sales | £3,748,094 | £4,746,527 |
| Gross profit | £4,204,037 | £4,402,158 |
| Administrative expenses | £2,444,452 | £2,673,146 |
| Other operating income | £320,083 | £327,581 |
| Operating profit | £3,121,174 | −£3,459,455 |
| Interest payable | £1,390,873 | £1,568,791 |
| Profit before tax | £1,545,147 | −£5,029,925 |
| Tax | £261,076 | £11,287 |
| Profit / loss | £1,284,071 | −£5,041,212 |
| Operating costs | ||
| Depreciation | £404,464 | £373,302 |
| Operating lease charges | £8,423 | £9,678 |
| Audit fees | £8,500 | £8,000 |
| Cash flow | ||
| Cash from operations | £1,602,065 | £542,820 |
| Capital expenditure | £178,376 | £434,063 |
| People & pay | ||
| Average employees | 86 | 82 |
| Staff costs | £2,870,764 | £3,022,685 |
| Wages & salaries | £2,509,298 | £2,700,778 |
| Social security costs | £298,961 | £260,216 |
| Pension costs | £62,505 | £61,691 |
| Directors' remuneration | £48,471 | £105,349 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The group owns and operates the Holiday Inn Express Hotel based near Heathrow Terminal 5.
- What it does
- hotel · accommodation · room hire · restaurant · conference facilities · corporate and tourist clientele · airport trade (AI keywords)
- The year
- The group's turnover for the year was £7,952,131 (2024: £9,148,685) which showed a decrease of 13.1% over the previous year. It also posted a profit before tax, pre adjustment for change in fair value of interest rate derivative and of exceptional items, of £688,795 (2024: £487,802).
- Outlook
- The directors will continue their efforts to integrate additional revenue streams and cost savings measures in its operations to maximise profitability. New arrangements to promote the hotel's offerings through innovative national and global media will also be undertaken to keep the hotel's position as a premier venue for local and corporate events.
- Auditor
- Saffery LLP · senior statutory auditor Roger Wareham
- Audit opinion
- Clean (unmodified)
- Ultimate controlling party
- Mr Alykhan Kassam
- Accounts
- Medium-sized company · FRS 102
- Approved
- 2026-06-30, signed by Mr Aly Khan Kassam
Turnover by segment (6)
- Accommodation and room hire: 6,813,677 (2025-12-31)
- Food and beverage: 773,959 (2025-12-31)
- Other: 364,495 (2025-12-31)
- Accommodation and room hire: 7,374,051 (2024-12-31)
- Food and beverage: 1,229,147 (2024-12-31)
- Other: 545,487 (2024-12-31)
Related parties (7)
- companies controlled by Mr Alykhan Kassam · companies controlled by a director · management charges and cross charges receivable during the year · £1,597,146 (2024: £2,000,355)
- companies controlled by Mr Alykhan Kassam · companies controlled by a director · unpaid rent released during the year · £nil (2024: £5,516,048)
- a company controlled by Mr Alykhan Kassam · company controlled by a director · rent payable · £18,000 (2024: £18,000)
- companies controlled by Mr Alykhan Kassam · companies controlled by a director · other debtors owed at year end · £2,043,484 (2024: £1,261,787)
- a related party but not controlled by Mr Alykhan Kassam · related party · other debtors owed at year end · £nil (2024: £354,011)
- companies controlled by Mr Alykhan Kassam · companies controlled by a director · other creditors due at year end · £9,556,992 (2024: £10,639,392)
- one of the directors · director · amount owed at year end · £500 (2024: £8,290)
Borrowings (1)
- Bank loans · 19,563,750 · variable rates linked to SONIA plus bank's margin; interest rate cap 4.25% and floor 3.838% · Repayment is by instalments; maturities payable within one year £649,279 and between two and five years £18,761,239 · secured on secured by a legal charge over the freehold property, issued shares of the group and the life insurance of the director
Share classes (1)
- 151,000 Ordinary of £1 each
Principal risks (5)
- economic risks
- price risks
- financial risks
- credit risks
- interest rate risk
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.