Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mrs B Eyles Mrs N Eyles Mr A D G Eyles 16 September 2025 The principal activity of the Company during the financial year was the running of leisure and hospitality facilities. 00710856 2024-12-31 00710856 2023-12-31 00710856 core:CurrentFinancialInstruments 2024-12-31 00710856 core:CurrentFinancialInstruments 2023-12-31 00710856 core:Non-currentFinancialInstruments 2024-12-31 00710856 core:Non-currentFinancialInstruments 2023-12-31 00710856 core:ShareCapital 2024-12-31 00710856 core:ShareCapital 2023-12-31 00710856 core:RevaluationReserve 2024-12-31 00710856 core:RevaluationReserve 2023-12-31 00710856 core:RetainedEarningsAccumulatedLosses 2024-12-31 00710856 core:RetainedEarningsAccumulatedLosses 2023-12-31 00710856 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-12-31 00710856 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 00710856 core:LandBuildings 2023-12-31 00710856 core:PlantMachinery 2023-12-31 00710856 core:Vehicles 2023-12-31 00710856 core:FurnitureFittings 2023-12-31 00710856 core:LandBuildings 2024-12-31 00710856 core:PlantMachinery 2024-12-31 00710856 core:Vehicles 2024-12-31 00710856 core:FurnitureFittings 2024-12-31 00710856 2024-01-01 2024-12-31 00710856 bus:FilletedAccounts 2024-01-01 2024-12-31 00710856 bus:SmallEntities 2024-01-01 2024-12-31 00710856 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 00710856 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00710856 bus:Director1 2024-01-01 2024-12-31 00710856 bus:Director2 2024-01-01 2024-12-31 00710856 bus:Director3 2024-01-01 2024-12-31 00710856 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2024-01-01 2024-12-31 00710856 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 00710856 core:PlantMachinery 2024-01-01 2024-12-31 00710856 core:Vehicles core:TopRangeValue 2024-01-01 2024-12-31 00710856 core:FurnitureFittings 2024-01-01 2024-12-31 00710856 2023-01-01 2023-12-31 00710856 core:LandBuildings 2024-01-01 2024-12-31 00710856 core:Vehicles 2024-01-01 2024-12-31 00710856 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 00710856 (England and Wales)

# CRANTOCK BAY HOTEL LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

CRANTOCK BAY HOTEL LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

CRANTOCK BAY HOTEL LIMITED

## BALANCE SHEET

As at 31 December 2024
CRANTOCK BAY HOTEL LIMITED

## BALANCE SHEET (continued)

As at 31 December 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 423,462 |  | 460,813
|  | 423,462 |  | 460,813
Current assets |  |  |  |
Stocks | 5 | 4,030 |  | 4,642
Debtors | 6 | 9,684 |  | 7,974
Investments |  | 105 |  | 105
Cash at bank and in hand |  | 228,226 |  | 274,343
|  | 242,045 |  | 287,064
Creditors: amounts falling due within one year | 7 | ( 252,716) |  | ( 276,958)
Net current (liabilities)/assets |  | (10,671) |  | 10,106
Total assets less current liabilities |  | 412,791 |  | 470,919
Creditors: amounts falling due after more than one year | 8 | ( 162,726) |  | ( 194,302)
Provision for liabilities |  | ( 34,852) |  | ( 38,405)
Net assets |  | 215,213 |  | 238,212
Capital and reserves |  |  |  |
Called-up share capital |  | 15,000 |  | 15,000
Revaluation reserve |  | 17,531 |  | 28,710
Profit and loss account |  | 182,682 |  | 194,502
Total shareholders' funds |  | 215,213 |  | 238,212

For the financial 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.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Crantock Bay Hotel Limited (registered number: 00710856) were approved and authorised for issue by the Board of Directors on 16 September 2025. They were signed on its behalf by:

Mrs N Eyles Director |

CRANTOCK BAY HOTEL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
CRANTOCK BAY HOTEL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Crantock Bay Hotel Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Crantock Bay Hotel, Crantock Newquay, Cornwall, TR8 5SE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of leisure and hospitality services. Turnover is shown net of value added tax, returns, rebates and discounts.
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.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs | 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery | 10 % reducing balance
Vehicles | 4 years straight line
Fixtures and fittings | 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete to sell; the impairment loss is recognised immediately in profit or loss.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 22 |  | 22

#### 3. Intangible assets

| Website costs |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2024 | 2,100 |  | 2,100
At 31 December 2024 | 2,100 |  | 2,100
Accumulated amortisation |  |  |
At 01 January 2024 | 2,100 |  | 2,100
At 31 December 2024 | 2,100 |  | 2,100
Net book value |  |  |
At 31 December 2024 | 0 |  | 0
At 31 December 2023 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 January 2024 | 417,680 |  | 9,239 |  | 1,000 |  | 232,551 |  | 660,470
Additions | 12,321 |  | 0 |  | 0 |  | 8,180 |  | 20,501
Disposals | ( 37,260) |  | 0 |  | 0 |  | 0 |  | ( 37,260)
At 31 December 2024 | 392,741 |  | 9,239 |  | 1,000 |  | 240,731 |  | 643,711
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 January 2024 | 78,190 |  | 1,755 |  | 750 |  | 118,962 |  | 199,657
Charge for the financial year | 7,538 |  | 749 |  | 250 |  | 12,055 |  | 20,592
At 31 December 2024 | 85,728 |  | 2,504 |  | 1,000 |  | 131,017 |  | 220,249
Net book value |  |  |  |  |  |  |  |  |
At 31 December 2024 | 307,013 |  | 6,735 |  | 0 |  | 109,714 |  | 423,462
At 31 December 2023 | 339,490 |  | 7,484 |  | 250 |  | 113,589 |  | 460,813

#### 5. Stocks

| 2024 |  | 2023
| £ |  | £
Stocks | 4,030 |  | 4,642

#### 6. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 445 |  | 200
Other debtors | 9,239 |  | 7,774
| 9,684 |  | 7,974

#### 7. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 31,918 |  | 33,860
Trade creditors | 28,659 |  | 23,332
Other taxation and social security | 25,546 |  | 26,975
Other creditors | 166,593 |  | 192,791
| 252,716 |  | 276,958

#### 8. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 160,476 |  | 192,427
Other creditors | 2,250 |  | 1,875
| 162,726 |  | 194,302

Creditors include bank loans which are secured of £173,611 (2023 - £197,954). Security for this debt is held against all property owned by Crantock Bay Hotel Limited.