Company registration number 05829385 (England and Wales)
CROUCHMANN UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CROUCHMANN UK LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
CROUCHMANN UK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
31 December 2023
31 May 2023
Notes
£
£
£
£
Fixed assets
Investments
4
546,584
542,582
Current assets
Debtors
5
1,644,432
1,907,581
Cash at bank and in hand
63,698
551
1,708,130
1,908,132
Creditors: amounts falling due within one year
6
(68,627)
(1,769)
Net current assets
1,639,503
1,906,363
Total assets less current liabilities
2,186,087
2,448,945
Creditors: amounts falling due after more than one year
7
(2,384,104)
(2,511,780)
Net liabilities
(198,017)
(62,835)
Capital and reserves
Called up share capital
1,146
1,144
Profit and loss reserves
(199,163)
(63,979)
Total equity
(198,017)
(62,835)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 13 September 2024 and are signed on its behalf by:
Helen Linley
Director
Company registration number 05829385 (England and Wales)
CROUCHMANN UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 June 2022
1,144
(61,739)
(60,595)
Year ended 31 May 2023:
Loss and total comprehensive income
-
(2,240)
(2,240)
Balance at 31 May 2023
1,144
(63,979)
(62,835)
Period ended 31 December 2023:
Loss and total comprehensive income
-
(135,184)
(135,184)
Issue of share capital
2
-
2
Balance at 31 December 2023
1,146
(199,163)
(198,017)
CROUCHMANN UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Crouchmann UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Anchor, Purls Bridge Drove, Manea, March, Cambridgeshire, PE15 0ND.

1.1
Reporting period

These financial statements are prepared for a period of 7 months to 31 December 2023, the comparative period is a full 12 months to 31 May 2023 and therefore amounts presented in the financial statements (including the related notes) are not entirely comparable. The company changed the financial year end to December to align with the accounting reference date of new 100% subsidiary Amani Reservations Limited.

1.2
Accounting convention

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.

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 £.

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

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.3
Going concern

The financial statements have been prepared on a going concern basis. The directors have committed to continue supporting the company throughout this loss making phase.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CROUCHMANN UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.6
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.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Other creditors classed as amounts falling due after more than one year are interest free loans due to the directors and shareholders of the company and as such, have been recognised at the transaction price and not at the present value of the future payments discounted at a market rate of interest.

 

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

CROUCHMANN UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2023
Number
Number
Total
3
-
0
4
Fixed asset investments
2023
2023
£
£
Shares in group undertakings and participating interests
546,584
542,582

During the year the company acquired 100% of the share capital of Amani Reservations Limited, a company previously owned and controlled by the directors. The financial period end of Amani Reservations Limited is 31 December. For the 11 months to 31 December 2023 the company recorded a profit of £32,560. The aggregate of capital and reserves at the end of the period was (£173,174). The Directors of Crouchmann UK Limited consider that the value of Amani Reservations Limited exceeds the balance sheet carrying value of £4,002 and there is no indication of impairment.

 

The financial period end of Crouchmann SARL is 31 December. The profit for the financial period of Crouchmann SARL for the year ended 31 December 2023 was £196,439 and the aggregate amount of capital and reserves at the end of the period was £127,320. The Directors of Crouchmann UK Limited consider that the value of Crouchmann SARL considerably exceeds the balance sheet carrying value of £542,582 and there is no indication of impairment.

 

The amount of share capital in local currency is 500,000 Dirhams.

CROUCHMANN UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
4
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 June 2023
542,582
Additions
4,002
At 31 December 2023
546,584
Carrying amount
At 31 December 2023
546,584
At 31 May 2023
542,582
5
Debtors
2023
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,644,432
1,844,666
Other debtors
-
0
62,915
1,644,432
1,907,581
6
Creditors: amounts falling due within one year
2023
2023
£
£
Other creditors
68,627
1,769
7
Creditors: amounts falling due after more than one year
2023
2023
£
£
Other creditors
2,384,104
2,511,780
CROUCHMANN UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 7 -
8
Related party transactions

During the year the company made the following related party transactions:

 

Directors and shareholders loans to the company

At the balance sheet date the amount due to directors and shareholders was £2,384,103 (2023/05 - £2,511,780).

 

Amani Reservations Limited

(A company that was controlled by the directors and became a 100% subsidiary during the year)

At the balance sheet date the amount due from Amani Reservations Limited was £241,907 (2023/05 - £62,915). This is included in amounts owed by group and previously included in other debtors prior to acquisition.

9
Directors' transactions

During the year, the company acquired 100% of the share capital of Amani Reservations Limited. The company was owned by the directors, who are also directors of Crouchmann UK Limited.

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