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REGISTERED NUMBER: 12344393 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CRANTOCK LODGE LIMITED

CRANTOCK LODGE LIMITED (REGISTERED NUMBER: 12344393)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRANTOCK LODGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P Shaw
Mrs S Shaw
Mrs K Oakley Davis





REGISTERED OFFICE: 34 Bonython Road
NEWQUAY
Cornwall
TR7 3AN





REGISTERED NUMBER: 12344393 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

CRANTOCK LODGE LIMITED (REGISTERED NUMBER: 12344393)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 70,000 80,000
Tangible assets 5 33,819 40,832
103,819 120,832

CURRENT ASSETS
Stocks 5,775 5,775
Debtors 6 14,818 17,901
Cash at bank and in hand 27,617 5,459
48,210 29,135
CREDITORS
Amounts falling due within one year 7 137,280 121,015
NET CURRENT LIABILITIES (89,070 ) (91,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,749

28,952

PROVISIONS FOR LIABILITIES 6,426 7,758
NET ASSETS 8,323 21,194

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,223 21,094
SHAREHOLDERS' FUNDS 8,323 21,194

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CRANTOCK LODGE LIMITED (REGISTERED NUMBER: 12344393)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2024 and were signed on its behalf by:





P Shaw - Director


CRANTOCK LODGE LIMITED (REGISTERED NUMBER: 12344393)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Crantock Lodge 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the Balance Sheet date the Company had net current liabilities and is reliant on the continued support of its Directors. The Directors consider the Going Concern basis of preparation to be appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue in respect of accomodation is recognised to turnover on a per daily basis. Revenue in respect of other services is recognised on the day they are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CRANTOCK LODGE LIMITED (REGISTERED NUMBER: 12344393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 100,000
AMORTISATION
At 1 January 2023 20,000
Charge for year 10,000
At 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 70,000
At 31 December 2022 80,000

CRANTOCK LODGE LIMITED (REGISTERED NUMBER: 12344393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 63,712
Additions 1,564
At 31 December 2023 65,276
DEPRECIATION
At 1 January 2023 22,880
Charge for year 8,577
At 31 December 2023 31,457
NET BOOK VALUE
At 31 December 2023 33,819
At 31 December 2022 40,832

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,185 11,393
Other debtors 6,633 6,508
14,818 17,901

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 35,890 20,768
Taxation and social security 11,478 10,746
Other creditors 89,912 89,501
137,280 121,015

8. RELATED PARTY DISCLOSURES

The Directors were owed £21,013 by the company at 31 December 2023. (2022: £78,025.) The loan to the company by the Directors is free of interest and repayable on demand.

The company paid rent to the Directors of £78,192 during the period. (2022: £71,676.) No rent was owed to the Directors at 31 December 2023. (2022: £nil.)