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REGISTERED NUMBER: 04604459 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CROSTON HALL LIMITED

CROSTON HALL LIMITED (REGISTERED NUMBER: 04604459)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


CROSTON HALL LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: M J Ainscough



SECRETARY: Mrs H M Ainscough



REGISTERED OFFICE: c/o Eagle & Child
Bispham Green
Ormskirk
Lancashire
L40 3SG



REGISTERED NUMBER: 04604459 (England and Wales)



ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: Santander UK plc
BBAM
Bridle Road
Bootle
Merseyside
L30 4GB



SOLICITORS: MSB Solicitors
13th Floor
Silkhouse Court
Tithebarn Street
Liverpool
Merseyside
L2 2LZ

CROSTON HALL LIMITED (REGISTERED NUMBER: 04604459)

ABRIDGED STATEMENT OF FINANCIAL POSITION
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 776,214 368,761

CURRENT ASSETS
Stocks 8,478 7,349
Debtors 968,700 1,281,178
Cash at bank and in hand 50,335 237,242
1,027,513 1,525,769
CREDITORS
Amounts falling due within one year 142,109 124,437
NET CURRENT ASSETS 885,404 1,401,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,661,618

1,770,093

CAPITAL AND RESERVES
Called up share capital 2,100,000 2,100,000
Retained earnings (438,382 ) (329,907 )
SHAREHOLDERS' FUNDS 1,661,618 1,770,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CROSTON HALL LIMITED (REGISTERED NUMBER: 04604459)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
29 February 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





M J Ainscough - Director


CROSTON HALL LIMITED (REGISTERED NUMBER: 04604459)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Croston Hall 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.

Turnover
Turnover represents income receivable from the Company's principal activities of operating public houses and restaurants and is net of value added tax.

Sales of goods and services provided are recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold property - 2% on cost
Improvements to property - 15% on cost
Fixtures and fittings - 15% on cost

Tangible fixed assets are stated at cost less depreciation and impairment.

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.


CROSTON HALL LIMITED (REGISTERED NUMBER: 04604459)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Short term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the income statement.

Government income
The company has claimed monies from local government as part of the Government furlough scheme. This is recognised immediately the benefit becomes due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 1,047,422
Additions 415,973
At 29 February 2024 1,463,395
DEPRECIATION
At 1 March 2023 678,661
Charge for year 8,520
At 29 February 2024 687,181
NET BOOK VALUE
At 29 February 2024 776,214
At 28 February 2023 368,761

Included in cost of land and buildings is freehold land of £ 410,798 (2023 - £ 0 ) which is not depreciated.

CROSTON HALL LIMITED (REGISTERED NUMBER: 04604459)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

5. OTHER FINANCIAL COMMITMENTS

The company has total operating lease commitments amounting to £480,000 (2023 - £510,000).