Registered number
14264053
Crown Lodge Accommodation Limited
Unaudited Filleted Accounts
31 August 2024
Crown Lodge Accommodation Limited
Registered number: 14264053
Balance Sheet
as at 31 August 2024
As at 28 February
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 194,827 12,800
Current assets
Debtors 4 13,157,770 292,802
Cash at bank and in hand 10,568,620 3,676,584
23,726,390 3,969,386
Creditors: amounts falling due within one year 5 (18,598,434) (3,900,813)
Net current assets 5,127,956 68,573
Total assets less current liabilities 5,322,783 81,373
Creditors: amounts falling due after more than one year 6 (86,205) -
Net assets 5,236,578 81,373
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,236,478 81,273
Shareholders' funds 5,236,578 81,373
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved and authorised for issue by the board on:
Mandeep Singh Binning
Director
Signed on behalf of the board on 9 May 2025
Crown Lodge Accommodation Limited
Notes to the Accounts
for the period from 1 March 2023 to 31 August 2024
1 Accounting policies
Basis of preparation
Crown Lodge Accommodation Ltd Ltd is a company limited by shares incorporated in England within the United Kingdom. The registration number and the address of the registered office is given in the company information on page 1 of these financial statements. The company's principle place of business is at Olive Tree, 472A Larkshall Road, London, E4 9HH.

The financial statements cover the individual entity, are presented in sterling which is the functional currency of the company and are not rounded.

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The significant accounting policies applied in the preparation of these financial statements are set out below. "
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Vehicles Straight line over 5 years
Equiment, fixtures & fittings Straight line over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
18 Months ended 31 August 7 months ended 28 February
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 30 30
3 Tangible fixed assets
Equipment, fixtures & fittings Motor vehicles Total
£ £ £
Cost
At 1 March 2023 - 16,000 16,000
Additions 6,550 227,857 234,407
At 31 August 2024 6,550 243,857 250,407
Depreciation
At 1 March 2023 - 3,200 3,200
Charge for the period 2,170 50,210 52,380
At 31 August 2024 2,170 53,410 55,580
Net book value
At 31 August 2024 4,380 190,447 194,827
At 28 February 2023 - 12,800 12,800
18 Months ended 31 August 7 months ended 28 February
4 Debtors 2024 2023
£ £
Trade debtors 855,999 1,152
Other debtors & prepayments 12,301,771 291,650
13,157,770 292,802
18 Months ended 31 August 7 months ended 28 February
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 611,680 489,714
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,200 3,900
Taxation and social security costs 1,719,193 1,400,698
Accruals 4,010,020 2,006,501
Other creditors 12,255,341 -
18,598,434 3,900,813
18 Months ended 31 August 7 months ended 28 February
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 86,205 -
6 Controlling party
Crown Lodge Accomodation Limited is controlled by Crown Lodge Group Ltd.
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