Crown and Canopy Ltd 13384054 false 2023-11-30 2024-12-31 2024-12-31 The principal activity of the company is the provision of glamping consultancy and architectural design services. Digita Accounts Production Advanced 6.30.9574.0 true true 13384054 2023-11-30 2024-12-31 13384054 2024-12-31 13384054 bus:OrdinaryShareClass1 2024-12-31 13384054 bus:Consolidated 2024-12-31 13384054 core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 13384054 core:ProvisionsDeferredTax 2024-12-31 13384054 core:CurrentFinancialInstruments 2024-12-31 13384054 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13384054 core:Goodwill 2024-12-31 13384054 core:FurnitureFittingsToolsEquipment 2024-12-31 13384054 bus:SmallEntities 2023-11-30 2024-12-31 13384054 bus:Audited 2023-11-30 2024-12-31 13384054 bus:FilletedAccounts 2023-11-30 2024-12-31 13384054 bus:SmallCompaniesRegimeForAccounts 2023-11-30 2024-12-31 13384054 bus:RegisteredOffice 2023-11-30 2024-12-31 13384054 bus:Director1 2023-11-30 2024-12-31 13384054 bus:Director2 2023-11-30 2024-12-31 13384054 bus:Director3 2023-11-30 2024-12-31 13384054 bus:OrdinaryShareClass1 2023-11-30 2024-12-31 13384054 bus:PrivateLimitedCompanyLtd 2023-11-30 2024-12-31 13384054 core:Goodwill 2023-11-30 2024-12-31 13384054 core:FurnitureFittingsToolsEquipment 2023-11-30 2024-12-31 13384054 core:OfficeEquipment 2023-11-30 2024-12-31 13384054 1 2023-11-30 2024-12-31 13384054 countries:EnglandWales 2023-11-30 2024-12-31 13384054 core:Goodwill 2023-11-29 13384054 core:FurnitureFittingsToolsEquipment 2023-11-29 13384054 2023-05-01 2023-11-29 13384054 2023-11-29 13384054 bus:OrdinaryShareClass1 2023-11-29 13384054 core:CurrentFinancialInstruments 2023-11-29 13384054 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-29 13384054 core:Goodwill 2023-11-29 13384054 core:FurnitureFittingsToolsEquipment 2023-11-29 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13384054

Prepared for the registrar

Crown and Canopy Ltd

Annual Report and Financial Statements

for the Period from 30 November 2023 to 31 December 2024

 

Crown and Canopy Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Crown and Canopy Ltd

Company Information

Directors

T H Dixon

E J Busby

M J Bevens

Registered office

Merchants House
Wapping Road
Bristol
BS1 4RW

Auditors

Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
GL51 0UX

 

Crown and Canopy Ltd

(Registration number: 13384054)
Balance Sheet as at 31 December 2024

Note

31 December
2024
£

29 November
2023
£

Fixed assets

 

Intangible assets

4

7,600

10,500

Tangible assets

5

2,346

1,761

 

9,946

12,261

Current assets

 

Debtors

6

22,273

40,884

Cash at bank and in hand

 

44,518

93,930

 

66,791

134,814

Creditors: Amounts falling due within one year

7

(36,950)

(75,151)

Net current assets

 

29,841

59,663

Total assets less current liabilities

 

39,787

71,924

Deferred tax liabilities

8

(2,329)

-

Net assets

 

37,458

71,924

Capital and reserves

 

Called up share capital

10

100

100

Retained earnings

37,358

71,824

Total equity

 

37,458

71,924

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

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


M J Bevens
Director

 

Crown and Canopy Ltd

Notes to the Financial Statements for the Period from 30 November 2023 to 31 December 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:
Merchants House
Wapping Road
Bristol
BS1 4RW
England

 

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 periods presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Disclosure of long or short period

The financial statements cover the period of 30 November 2023 to 31 December 2024. The comparative period covers 1 May 2023 to 29 November 2023, therefore are not entirely comparable.

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The directors consider that it is appropriate for the financial statements to be prepared on the going concern basis having received a letter of support from the company's parent company, Alastair Sawday Publishing Co. Limited, which indicates that it will continue to provide sufficient funds to enable the Company to meet all of its financial obligations as they fall due for a period of at least 12 months from the date of signing the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

 

Crown and Canopy Ltd

Notes to the Financial Statements for the Period from 30 November 2023 to 31 December 2024

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax and discounts.

Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity. The 'percentage completion method' is used to determine the amount to recognise in a given period. The assessment of the stage of completion is dependent on the nature of the contract, but will generally be recognised by reference to the value of the work performed to date as a proportion of the total contract value. If a contract is expected to be loss making, provision for the full amount of foreseeable losses is recognised.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

40 months straight line

Intangible assets

Goodwill arising on the incorporation of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line

 

Crown and Canopy Ltd

Notes to the Financial Statements for the Period from 30 November 2023 to 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

Crown and Canopy Ltd

Notes to the Financial Statements for the Period from 30 November 2023 to 31 December 2024


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5 (2023 - 5).

 

4

Intangible assets

Goodwill
 £

Cost

At 30 November 2023 and 31 December 2024

12,000

Amortisation

At 30 November 2023

1,500

Amortisation charge

2,900

At 31 December 2024

4,400

Carrying amount

At 31 December 2024

7,600

At 29 November 2023

10,500

 

Crown and Canopy Ltd

Notes to the Financial Statements for the Period from 30 November 2023 to 31 December 2024

 

5

Tangible assets

Furniture, fittings and equipment
 £

Cost

At 30 November 2023

1,877

Additions

1,624

At 31 December 2024

3,501

Depreciation

At 30 November 2023

116

Charge for the period

1,039

At 31 December 2024

1,155

Carrying amount

At 31 December 2024

2,346

At 29 November 2023

1,761

 

6

Debtors

31 December
2024
£

29 November
2023
£

Trade debtors

8,418

30,635

Prepayments

1,919

2,541

Accrued income

11,936

7,708

22,273

40,884

 

7

Creditors

Note

31 December
2024
£

29 November
2023
£

Due within one year

 

Loans and borrowings

9

7,236

7,378

Trade creditors

 

176

2,147

Amounts due to group undertakings

 

6,837

-

Social security and other taxes

 

2,463

9,248

Accrued expenses

 

12,145

26,470

Deferred income

 

6,797

-

Other creditors

 

1,296

8,405

Corporation tax liability

 

-

21,503

 

36,950

75,151

 

Crown and Canopy Ltd

Notes to the Financial Statements for the Period from 30 November 2023 to 31 December 2024

 

8

Deferred tax

Deferred tax assets and liabilities

2024

Liability
£

Fixed asset timing differences

2,487

Short term timing differences

(158)

2,329

 

9

Loans and borrowings

Current loans and borrowings

31 December
2024
£

29 November
2023
£

Other borrowings

7,236

7,378

Other borrowings relate to a loan from a director, which was given interest free and is repayable on demand.

 

10

Share capital

Allotted, called up and fully paid shares

 

31 December 2024

29 November 2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

11

Related party transactions

The company has taken advantage of the exemption available under FRS 102 section 33.1A from disclosing transactions with entities that are wholly owned by the group.

In the period, £142 (2023 - £36,493) was repaid to a director of the company in relation to a loan. At the balance sheet date, amounts owed to directors were £7,236 (2023 - £7,378).

 

12

Parent and ultimate parent undertaking

The company's immediate parent is Alastair Sawday Publishing Co. Limited, incorporated in the United Kingdom.

 

 

13

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 June 2025 was Rebecca Copping, who signed for and on behalf of Hazlewoods LLP.