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REGISTERED NUMBER: 05926652 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CHARLES COTTON HOTEL LIMITED

CHARLES COTTON HOTEL LIMITED (REGISTERED NUMBER: 05926652)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARLES COTTON HOTEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr R M Cork
Mrs C E Cork





SECRETARY: Mrs C E Cork





REGISTERED OFFICE: 31 Broad Street
Ludlow
SY8 1NJ





REGISTERED NUMBER: 05926652 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ

CHARLES COTTON HOTEL LIMITED (REGISTERED NUMBER: 05926652)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,269,610 1,269,610

CURRENT ASSETS
Debtors 5 491 3,111
Cash at bank 8,682 12,009
9,173 15,120
CREDITORS
Amounts falling due within one year 6 21,020 24,389
NET CURRENT LIABILITIES (11,847 ) (9,269 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,257,763

1,260,341

CREDITORS
Amounts falling due after more than one
year

7

1,462,530

1,489,096
NET LIABILITIES (204,767 ) (228,755 )

CAPITAL AND RESERVES
Called up share capital 330 330
Share premium 229,808 229,808
Retained earnings (434,905 ) (458,893 )
(204,767 ) (228,755 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CHARLES COTTON HOTEL LIMITED (REGISTERED NUMBER: 05926652)

BALANCE SHEET - continued
31 OCTOBER 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





Mr R M Cork - Director


CHARLES COTTON HOTEL LIMITED (REGISTERED NUMBER: 05926652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Charles Cotton Hotel 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.

Significant judgements and estimates
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical Judgements
The following judgement (apart from those involving estimates) has had the most significant effect on amounts recognised in the financial statements.

Investment properties
The investment properties should be carried on the balance sheet at fair value. The directors have considered this and in their judgement have concluded that the cost is an accurate representation of the fair value of the investment properties at the year end.

Turnover
Rental income from investment property is recognised in the profit or loss on a straight line basis over the lease term. Contingent rents, such as turnover rents, rent reviews and indexation, are recorded as income in the periods in which they are earned. Rent reviews are recognised when such reviews have been agreed with tenants. Surrender premiums receivable are recognised on completion ofthe surrender.

Where a rent free period is included in a lease, the rental income foregone is allocated evenly over the period from the date of lease commencement to the earlier of the first break option or the lease termination date. Lease incentives and costs associated with entering into tenant leases areamortised over the period from the date oflease commencement to the earlier of the first break option orthelease termination date.

Property operating expenses are expensed as incurred and any property operating expenditure not recovered from tenants through service charges is charged to profit or loss.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognized at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date and is not depreciated. The surplus or deficit on revaluation is recognised in profit or loss. The Directors have used their extensive knowledge of the local property market to determine fair value.


CHARLES COTTON HOTEL LIMITED (REGISTERED NUMBER: 05926652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
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.

Going concern
The financial statements have been prepared on a going concern basis. The company's working capital requirements are met with the support of its directors and shareholders, which the directors do not anticipate being withdrawn. On this basis, the directors consider it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of this support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 1,269,610
NET BOOK VALUE
At 31 October 2024 1,269,610
At 31 October 2023 1,269,610

The investment property was acquired during 2016 and is shown above at fair value. The directors consider that the fair value at 31 October 2024 is as stated above.

CHARLES COTTON HOTEL LIMITED (REGISTERED NUMBER: 05926652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 491 3,111

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,066 2,015
Taxation and social security 5,498 7,826
Other creditors 13,456 14,548
21,020 24,389

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,407 3,473
Other creditors 1,461,123 1,485,623
1,462,530 1,489,096

Other loans provided by the principle shareholders Mr R M Cork and Mrs C E Cork are secured by way of a legal charge dated 16 September 2011 and a debenture dated 8 January 2013.

Included within creditors is a loan from Natwest amounting to £3,473 (2023 - £5,488) as part of the Government's Bounce Back Loan incentive scheme. The interest rate for the loan is 2.5%. The loan is repayable by 25 June 2026.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company operated a long term loan account with its principal shareholder amounting to £1,461,123 (2023: £1,485,623). The loans are secured by a legal charge and debenture and do not attract interest.

9. RELATED PARTY DISCLOSURES

During the year the company operated a loan with Ranelagh Production Limited, a related party by common control. Expenses totalling £3,810 were paid by Ranelagh Production Limited and repayments totalling £6,006 were made.

At 31 October 2024, the balance due to Ranelagh Production Limited was £1,210 (2023: £3,406) and is included in other creditors due within one year.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R M Cork.