Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06307154 Mr Robert Earing Dr Sarah Earing iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06307154 2023-12-31 06307154 2024-12-31 06307154 2024-01-01 2024-12-31 06307154 frs-core:CurrentFinancialInstruments 2024-12-31 06307154 frs-core:Non-currentFinancialInstruments 2024-12-31 06307154 frs-core:FurnitureFittings 2024-12-31 06307154 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06307154 frs-core:FurnitureFittings 2023-12-31 06307154 frs-core:PlantMachinery 2024-12-31 06307154 frs-core:PlantMachinery 2024-01-01 2024-12-31 06307154 frs-core:PlantMachinery 2023-12-31 06307154 frs-core:RevaluationReserve 2024-01-01 2024-12-31 06307154 frs-core:RevaluationReserve 2024-12-31 06307154 frs-core:ShareCapital 2024-12-31 06307154 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06307154 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06307154 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06307154 frs-bus:SmallEntities 2024-01-01 2024-12-31 06307154 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06307154 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06307154 frs-core:UnlistedNon-exchangeTraded 2024-12-31 06307154 frs-core:UnlistedNon-exchangeTraded 2023-12-31 06307154 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 06307154 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 06307154 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 06307154 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 06307154 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 06307154 frs-bus:Director1 2024-01-01 2024-12-31 06307154 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06307154 frs-core:CurrentFinancialInstruments 1 2024-12-31 06307154 frs-countries:EnglandWales 2024-01-01 2024-12-31 06307154 2022-12-31 06307154 2023-12-31 06307154 2023-01-01 2023-12-31 06307154 frs-core:CurrentFinancialInstruments 2023-12-31 06307154 frs-core:Non-currentFinancialInstruments 2023-12-31 06307154 frs-core:RevaluationReserve 2023-12-31 06307154 frs-core:ShareCapital 2023-12-31 06307154 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06307154 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 06307154
Champion Hotels Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06307154
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,428 4,032
Investment Properties 5 4,142,489 4,142,489
Investments 6 100 -
4,146,017 4,146,521
CURRENT ASSETS
Debtors 7 1,021,876 736,965
Cash at bank and in hand 201,267 54,762
1,223,143 791,727
Creditors: Amounts Falling Due Within One Year 8 (1,248,525 ) (1,319,109 )
NET CURRENT ASSETS (LIABILITIES) (25,382 ) (527,382 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,120,635 3,619,139
Creditors: Amounts Falling Due After More Than One Year 9 (431,600 ) (445,775 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (241,471 ) (322,970 )
NET ASSETS 3,447,564 2,850,394
CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 11 962,454 -
Profit and Loss Account 2,485,109 2,850,393
SHAREHOLDERS' FUNDS 3,447,564 2,850,394
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Earing
Director
03/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Champion Hotels Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06307154 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% WDV
Fixtures & Fittings 15% WDV
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 9)
8 9
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 10,957 20,554 31,511
As at 31 December 2024 10,957 20,554 31,511
Depreciation
As at 1 January 2024 10,582 16,897 27,479
Provided during the period 56 548 604
As at 31 December 2024 10,638 17,445 28,083
Net Book Value
As at 31 December 2024 319 3,109 3,428
As at 1 January 2024 375 3,657 4,032
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 4,142,489
6. Investments
Unlisted
£
Cost
As at 1 January 2024 -
Additions 100
As at 31 December 2024 100
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 100
As at 1 January 2024 -
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 12,500 12,500
Inter company account 1,009,376 724,465
1,021,876 736,965
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,899 1,799
Bank loans and overdrafts 13,724 10,335
Corporation tax 172,277 156,733
Other taxes and social security 3,111 5,161
VAT 32,162 34,965
Other creditors 1,123 -
Director's loan account 1,024,229 1,110,116
1,248,525 1,319,109
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 431,600 445,775
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Reserves
Revaluation Reserve
£
Transfer to profit and loss 962,454
As at 31 December 2024 962,454
Page 5
Page 6
12. Related Party Transactions
Included in the Other Debtors is an amount owed from Hover Film Ltd totalling £2,516 (2023 - £3,040), for which Mr R Earing is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Debtors is an amount owed from Champion Estates Ltd totalling £952,519 (2023 - £714,019), for which Mr R Earing is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Debtors is an amount owed from Champion Gaming Ltd totalling £54,352 (2023 - £7,406), for which Mr R Earing is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to the company director Mr R Earing totalling £1,024,229 (2023 - £1,110,116), no interest is to be charged.
Page 6