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Registered number: 00977119
Crown Court Hotel Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
More Group (Accounting) Limited
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mrs Nicola Savage Hutchens
Company Number 00977119
Registered Office 1 Giltspur Street
Farringdon
London
EC1A 9DD
Accountants More Group (Accounting) Limited
1 Giltspur Street
Farringdon
London
EC1A 9DD
Page 1
Page 2
Balance Sheet
Registered number: 00977119
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 209 246
Tangible Assets 5 1,946,691 1,992,928
1,946,900 1,993,174
CURRENT ASSETS
Debtors 6 2,033,140 1,990,558
Cash at bank and in hand 79,865 94,327
2,113,005 2,084,885
Creditors: Amounts Falling Due Within One Year 7 (1,141,345 ) (1,420,454 )
NET CURRENT ASSETS (LIABILITIES) 971,660 664,431
TOTAL ASSETS LESS CURRENT LIABILITIES 2,918,560 2,657,605
PROVISIONS FOR LIABILITIES
Deferred Taxation (183,718 ) (148,050 )
NET ASSETS 2,734,842 2,509,555
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 2,546,546 2,546,546
Profit and Loss Account 188,196 (37,091 )
SHAREHOLDERS' FUNDS 2,734,842 2,509,555
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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 her 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
Mrs Nicola Savage Hutchens
Director
29/07/2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Crown Court Hotel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00977119 . The registered office is 1 Giltspur Street, Farringdon, London, EC1A 9DD.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold 1.5% straight line basis
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. 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 year 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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
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4. Intangible Assets
Other
£
Cost
As at 1 January 2024 2,672
As at 31 December 2024 2,672
Amortisation
As at 1 January 2024 2,426
Provided during the period 37
As at 31 December 2024 2,463
Net Book Value
As at 31 December 2024 209
As at 1 January 2024 246
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 3,000,000 12,758 182,789 12,517 3,208,064
Additions - - 2,909 - 2,909
As at 31 December 2024 3,000,000 12,758 185,698 12,517 3,210,973
Depreciation
As at 1 January 2024 1,035,000 9,251 163,211 7,674 1,215,136
Provided during the period 45,000 526 3,165 455 49,146
As at 31 December 2024 1,080,000 9,777 166,376 8,129 1,264,282
Net Book Value
As at 31 December 2024 1,920,000 2,981 19,322 4,388 1,946,691
As at 1 January 2024 1,965,000 3,507 19,578 4,843 1,992,928
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 29,272 -
Prepayments and accrued income 4,098 3,896
Other debtors 209,467 209,467
Amounts owed by group undertakings 1,790,303 1,777,195
2,033,140 1,990,558
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 103,793 80,492
Corporation tax 1,368 -
Other taxes and social security 20,269 21,844
VAT 51,047 52,177
Net wages 7,286 7,481
Other creditors 907,595 968,425
Loan - Westminster Council business grant - 50,543
Director's loan account 49,987 239,492
1,141,345 1,420,454
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Reserves
Revaluation Reserve
£
As at 1 January 2024 2,546,546
As at 31 December 2024 2,546,546
10. Related Party Transactions
The company has a receivable amount of £1,790,303 (2023: £1,777,195) from Gatecourt Limited, an entity under common control of the directors, arising from intercompany transactions.
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