St Moritz (Holdings) Limited 08153777 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true H Ridgway S Ridgway false false true false false 08153777 2023-04-01 2024-03-31 08153777 2024-03-31 08153777 bus:OrdinaryShareClass1 2024-03-31 08153777 bus:OrdinaryShareClass2 2024-03-31 08153777 core:RetainedEarningsAccumulatedLosses 2024-03-31 08153777 core:ShareCapital 2024-03-31 08153777 core:CurrentFinancialInstruments 2024-03-31 08153777 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08153777 bus:FRS102 2023-04-01 2024-03-31 08153777 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08153777 bus:FullAccounts 2023-04-01 2024-03-31 08153777 bus:RegisteredOffice 2023-04-01 2024-03-31 08153777 bus:Director1 2023-04-01 2024-03-31 08153777 bus:Director2 2023-04-01 2024-03-31 08153777 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08153777 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 08153777 bus:EntityHasNeverTraded 2023-04-01 2024-03-31 08153777 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08153777 core:Subsidiary1 2023-04-01 2024-03-31 08153777 core:Subsidiary1 1 2023-04-01 2024-03-31 08153777 core:Subsidiary2 2023-04-01 2024-03-31 08153777 core:Subsidiary2 1 2023-04-01 2024-03-31 08153777 1 2023-04-01 2024-03-31 08153777 countries:EnglandWales 2023-04-01 2024-03-31 08153777 core:CostValuation 2023-03-31 08153777 2022-04-01 2023-03-31 08153777 2023-03-31 08153777 bus:OrdinaryShareClass1 2023-03-31 08153777 bus:OrdinaryShareClass2 2023-03-31 08153777 core:RetainedEarningsAccumulatedLosses 2023-03-31 08153777 core:ShareCapital 2023-03-31 08153777 core:CurrentFinancialInstruments 2023-03-31 08153777 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08153777 core:Subsidiary1 1 2022-04-01 2023-03-31 08153777 core:Subsidiary2 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

St Moritz (Holdings) Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2024

Registration number: 08153777

 

St Moritz (Holdings) Limited

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

3

1,412,773

1,412,773

Current assets

 

Debtors

4

28,244

28,244

Net assets

 

1,441,017

1,441,017

Capital and reserves

 

Called up share capital

5

1,031

1,031

Profit and loss account

1,439,986

1,439,986

Shareholders' funds

 

1,441,017

1,441,017

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 January 2025 and signed on its behalf by:
 

.........................................

H Ridgway

Director

Company Registration Number: 08153777

 

St Moritz (Holdings) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

The principal place of business is:
St Moritz Hotel
Trebetherick
Near Wadebridge
Cornwall
PL27 6SD

These financial statements were authorised for issue by the Board on 27 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The functional and presentational currency for the company is pound sterling, on the basis that this is the currency in the primary economic environment in which the company operates.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

Management evaluate estimates and judgements on an annual basis, and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Investments in subsidiaries are carried at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

St Moritz (Holdings) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

 

3

Investments

2024
£

2023
£

Investments in subsidiaries

1,412,773

1,412,773

 

St Moritz (Holdings) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

Subsidiaries

£

Cost or valuation

At 1 April 2023

1,412,773

Provision

Carrying amount

At 31 March 2024

1,412,773

At 31 March 2023

1,412,773

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

St Moritz Hotel and Garden Villas Limited

Ordinary

100%

100%

St Moritz Developments Limited

Ordinary

100%

100%

Subsidiary undertakings

St Moritz Hotel and Garden Villas Limited

The principal activity of St Moritz Hotel and Garden Villas Limited is that of a Hotelier.

St Moritz Developments Limited

The principal activity of St Moritz Developments Limited is that of Property Management.

4

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

28,244

28,244

 

28,244

28,244

 

St Moritz (Holdings) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

Threshold shares of £1 each

31

31

31

31

1,031

1,031

1,031

1,031

6

Parent and ultimate parent undertaking

The ultimate controlling party is S Ridgway and H Ridgway by virtue of their controlling shareholdings.