Company registration number 11552248 (England and Wales)
CROSBY & HOPE LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CROSBY & HOPE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CROSBY & HOPE LTD (REGISTERED NUMBER: 11552248)
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
173,288
196,592
Current assets
Debtors
4
1,536
1,240
Cash at bank and in hand
9,597
21,153
11,133
22,393
Creditors: amounts falling due within one year
5
(196,524)
(227,044)
Net current liabilities
(185,391)
(204,651)
Net liabilities
(12,103)
(8,059)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(12,203)
(8,159)
Total equity
(12,103)
(8,059)

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

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 23 September 2024 and are signed on its behalf by:
C D S Wright
Director
CROSBY & HOPE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Crosby & Hope Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, United Kingdom, WC2R 0LT.

1.1
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 £1.

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

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 

The company will continue to receive the support of its parent company, Swan London Limited.

1.3
Turnover

Turnover relates to the sale of food and beverages. Takings are recognised as turnover at the point of sale and are shown net of VAT.'

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
Depreciated at £2,500 per month fixed depreciation rate

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

CROSBY & HOPE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
2
Employees

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

2023
2022
Number
Number
Total
3
3
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 January 2023
196,592
Additions
6,696
At 31 December 2023
203,288
Depreciation and impairment
At 1 January 2023
-
0
Depreciation charged in the year
30,000
At 31 December 2023
30,000
Carrying amount
At 31 December 2023
173,288
At 31 December 2022
196,592
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,021
1,140
Other debtors
515
100
1,536
1,240
CROSBY & HOPE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
21,580
5,914
Amounts owed to group undertakings
165,698
214,097
Taxation and social security
5,076
2,063
Other creditors
4,170
4,970
196,524
227,044
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Declan McCusker
Statutory Auditor:
Perrys Audit Limited
Date of audit report:
24 September 2024
7
Related party transactions

At the balance sheet date, the company owed its parent company £123,051 (2022: £210,000).

 

At the balance sheet date, the company owed fellow group companies £42,647 (2022: £4,097).

 

During the year, the company purchased goods amounting to £74,127 (2022: £11,709) from fellow group companies.

8
Directors' transactions

At the balance sheet date, the company owed a director £848 (2022: £1,040).

9
Parent company

The parent company is Swan London, a company registered in England and Wales. The registered office address of the parent company is 4th Floor 399-401 Strand, London, England, WC2R 0LT.

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