Company No:
Contents
Note | 31.12.2024 | |
£ | ||
Fixed assets | ||
Investments | 3 |
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1,519,177 | ||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (447,610) | |
Total assets less current liabilities | 1,071,567 | |
Creditors: amounts falling due after more than one year | 5 | (
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Net assets |
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Capital and reserves | ||
Called-up share capital | 6 |
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Capital contribution reserve |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of C&D Hotels Limited (registered number:
D J Partridge
Director |
C J Knight
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
C&D Hotels Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 87 Fore Street, North Petherton, TA6 6QA, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net assets of £218,297. The Company is supported through loans from its Subsidiary Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Subsidiary Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.
The reporting period length is a shorter period from 22 January 2024 to 31 December 2024, due to being newly incorporated.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Period from 22.01.2024 to 31.12.2024 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Investments in subsidiaries
31.12.2024 | |
£ | |
Cost | |
At 22 January 2024 | 0 |
Additions |
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At 31 December 2024 |
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Carrying value at 31 December 2024 |
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31.12.2024 | |
£ | |
Amounts owed to Group undertakings |
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Other creditors |
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31.12.2024 | |
£ | |
Other creditors |
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Amounts repayable after more than 5 years are included in creditors falling due over one year:
31.12.2024 | |
£ | |
Other creditors (secured / repayable by instalments) |
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31.12.2024 | |
£ | |
Allotted, called-up and fully-paid | |
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100 |
50 Ordinary A shares were allotted on incorporation with an aggregate nominal value of £50 and consideration of £50 was received
50 Ordinary B shares were allotted on incorporation with an aggregate nominal value of £50 and consideration of £50 was received.