Croisille Limited 06075028 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is that of hotel management services. Digita Accounts Production Advanced 6.30.9574.0 true false true 06075028 2022-02-01 2023-01-31 06075028 2023-01-31 06075028 bus:OrdinaryShareClass1 2023-01-31 06075028 core:CurrentFinancialInstruments 2023-01-31 06075028 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 06075028 core:FurnitureFittingsToolsEquipment 2023-01-31 06075028 bus:SmallEntities 2022-02-01 2023-01-31 06075028 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 06075028 bus:FullAccounts 2022-02-01 2023-01-31 06075028 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 06075028 bus:RegisteredOffice 2022-02-01 2023-01-31 06075028 bus:Director1 2022-02-01 2023-01-31 06075028 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 06075028 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 06075028 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 06075028 countries:AllCountries 2022-02-01 2023-01-31 06075028 2022-01-31 06075028 core:CostValuation 2022-01-31 06075028 core:FurnitureFittingsToolsEquipment 2022-01-31 06075028 2021-02-01 2022-01-31 06075028 2022-01-31 06075028 bus:OrdinaryShareClass1 2022-01-31 06075028 core:CurrentFinancialInstruments 2022-01-31 06075028 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 06075028 core:FurnitureFittingsToolsEquipment 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06075028

Croisille Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

Pages for Filing with Registrar

 

Croisille Limited

(Registration number: 06075028)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1

829

Investment property

5

674,975

674,975

Investments

6

11

11

 

674,987

675,815

Current assets

 

Debtors

7

427,916

418,681

Cash at bank and in hand

 

3,658

1,752

 

431,574

420,433

Creditors: Amounts falling due within one year

8

(1,314,156)

(1,307,932)

Net current liabilities

 

(882,582)

(887,499)

Net liabilities

 

(207,595)

(211,684)

Capital and reserves

 

Called up share capital

9

1,000

1,000

Retained earnings

(208,595)

(212,684)

Shareholders' deficit

 

(207,595)

(211,684)

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Croisille Limited

(Registration number: 06075028)
Balance Sheet as at 31 January 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 October 2023
 

.........................................
S V Rowe
Director

 

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
114 St. Martin's Lane
London
WC2N 4BE
England

Principal activity

The principal activity of the Company is that of hotel management services.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has made a loss in the year and has net current liabilities.The company is dependent on the support of its shareholders to continue as a going concern. Confirmation of this support has been provided and the directors consider it appropriate to prepare the accounts on a going concern basis. Therefore, the financial statements have been prepared on a going concern basis.

 

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.
Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and equipment

25% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

 

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Significant judgements and estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

 

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2022

7,848

7,848

At 31 January 2023

7,848

7,848

Depreciation

At 1 February 2022

7,019

7,019

Charge for the year

828

828

At 31 January 2023

7,847

7,847

Carrying amount

At 31 January 2023

1

1

At 31 January 2022

829

829

5

Investment properties

2023
£

At 1 February

674,975

At 31 January

674,975

There has been no valuation of investment property by an independent valuer.

 

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

6

Investments

2023
£

2022
£

Investments in subsidiaries

11

11

Subsidiaries

£

Cost or valuation

At 1 February 2022

11

Provision

Carrying amount

At 31 January 2023

11

At 31 January 2022

11

7

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings and undertakings in which the Company has a participating interest

11

-

65,435

Other debtors

 

427,916

353,246

 

427,916

418,681

 

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

13,610

5,579

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11

1,297,816

1,299,623

Other creditors

 

2,730

2,730

 

1,314,156

1,307,932

Total trade and other creditors

 

1,314,156

1,307,932

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

         

10

Dividends

There were no dividends paid or proposed in either the current year or the previous year.

11

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

-

3,725

 

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

12

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).