REGISTERED NUMBER: 07307655 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

CRANFORD HOTEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Takhar

P S Takhar

Mrs I K Takhar

SECRETARY:

Mrs I K Takhar

REGISTERED OFFICE:

114-116 Goodmayes Road

Ilford

Essex

IG3 9UZ

REGISTERED NUMBER:

07307655 (England and Wales)

AUDITORS:

Ashfords Partnership LLP

114-116 Goodmayes Road

Ilford

Esex

IG3 9UZ

FIXED ASSETS

Tangible assets

4

4,094,977

4,194,994

CURRENT ASSETS

Debtors

5

720,247

190,688

Cash at bank and in hand

530,999

504,407

1,251,246

695,095

CREDITORS

Amounts falling due within one year

6

243,842

158,587

NET CURRENT ASSETS

1,007,404

536,508

TOTAL ASSETS LESS CURRENT LIABILITIES

5,102,381

4,731,502

CREDITORS

Amounts falling due after more than one year

7

(1,727,791

)

(1,709,838

)

PROVISIONS FOR LIABILITIES

8

(425,398

)

(425,398

)

NET ASSETS

2,949,192

2,596,266

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

2,119,882

2,119,882

Retained earnings

10

829,210

476,284

SHAREHOLDERS' FUNDS

2,949,192

2,596,266

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 1 September 2025 and were signed on its behalf by:

S Takhar - Director

1.	STATUTORY INFORMATION

Cranford 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on going concern basis. The directors have concluded that the company will continue to receive adequate financial assistance from the Directors, Bankers and other creditors and fellow subsidiaries.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 July 2023

and 30 June 2024

5,000,000

3,057

5,003,057

DEPRECIATION

At 1 July 2023

805,073

2,990

808,063

Charge for year

100,000

17

100,017

At 30 June 2024

905,073

3,007

908,080

NET BOOK VALUE

At 30 June 2024

4,094,927

50

4,094,977

At 30 June 2023

4,194,927

67

4,194,994

5.

DEBTORS

30.6.24

30.6.23

£

£

Amounts falling due within one year:

Trade debtors

100,875

-

Other debtors

11,870

11,092

112,745

11,092

Amounts falling due after more than one year:

Amounts owed by group undertakings

607,502

179,596

Aggregate amounts

720,247

190,688

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

£

Trade creditors

12,662

10,967

Taxation and social security

205,482

119,449

Other creditors

25,698

28,171

243,842

158,587

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.24

30.6.23

£

£

Amounts owed to group undertakings

1,727,791

1,709,838

8.	PROVISIONS FOR LIABILITIES

30.6.24

30.6.23

£

£

Deferred tax

425,398

425,398

Deferred

tax

£

Balance at 1 July 2023

425,398

Balance at 30 June 2024

425,398

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.24

30.6.23

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 July 2023

476,284

2,119,882

2,596,166

Profit for the year

352,926

352,926

At 30 June 2024

829,210

2,119,882

2,949,092

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashok Mukundlal Shah (Senior Statutory Auditor)

for and on behalf of Ashfords Partnership LLP

12.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous year by the directors, Mr S S Takhar, and Mrs I K Takhar by virtue of their ownership of the majority issued share capital of SIP Group Limited, the parent company.