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REGISTERED NUMBER: 03007459 (England and Wales)















Corniche Hotels Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Corniche Hotels Limited (Registered number: 03007459)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Corniche Hotels Limited

Company Information
for the year ended 31 March 2023







Directors: J H S Laycock
A G Miller





Secretary: J H S Laycock





Registered office: 250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP





Registered number: 03007459 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

Corniche Hotels Limited (Registered number: 03007459)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 83,639 81,025

Current assets
Debtors 5 2 2
Cash at bank 11,037 9,941
11,039 9,943
Creditors
Amounts falling due within one year 6 96,265 96,110
Net current liabilities (85,226 ) (86,167 )
Total assets less current liabilities (1,587 ) (5,142 )

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings (2,587 ) (6,142 )
(1,587 ) (5,142 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





J H S Laycock - Director


Corniche Hotels Limited (Registered number: 03007459)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Corniche Hotels Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

These financial statements for the year ended 31 March 2023 are the first financial statements of Corniche Hotels Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 April 2022. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in bank and hand.

Fixed asset investments
Investment in shares are included at cost less impairment.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include debtors are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

Corniche Hotels Limited (Registered number: 03007459)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Fixed asset investments
Listed Unlisted
investments investments Totals
£ £ £
Cost or valuation
At 1 April 2022 53,050 27,975 81,025
Revaluations 2,614 - 2,614
At 31 March 2023 55,664 27,975 83,639
Net book value
At 31 March 2023 55,664 27,975 83,639
At 31 March 2022 53,050 27,975 81,025

Cost or valuation at 31 March 2023 is represented by:

Listed Unlisted
investments investments Totals
£ £ £
Valuation in 2023 2,614 - 2,614
Cost 53,050 27,975 81,025
55,664 27,975 83,639

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 2 2

6. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 96,265 96,110