Croydon ApartHotel Ltd - Filleted accounts

Registered number

12747156

Croydon ApartHotel Ltd

Filleted Accounts

31 December 2024

Croydon ApartHotel Ltd
Registered number:		12747156
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		16,629,978			16,027,974

Current assets
Debtors	4	7,473,703			7,650,070
Cash at bank and in hand		212,213			250,382
		7,685,916			7,900,452

Creditors: amounts falling due within one year	5	(700,545)			(1,243,557)

Net current assets			6,985,371			6,656,895

Total assets less current liabilities			23,615,349			22,684,869

Creditors: amounts falling due after more than one year	6		(8,097,500)			(8,179,500)



Net assets			15,517,849			14,505,369

Capital and reserves
Called up share capital			329			329
Special reserve			12,673,806			12,673,806
Revaluation reserve	7		600,000			-
Profit and loss account			2,243,714			1,831,234

Shareholders' funds			15,517,849			14,505,369

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 accounts.
The accounts 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.




Gauhar Nawab
Director
Approved by the board on 26 September 2025

Croydon ApartHotel Ltd
Notes to the Accounts
for the year ended 31 December 2024





1	Accounting policies

	Basis of preparation
	The accounts 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).

	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.

	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.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			8		8




3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2024	16,000,000		41,978		16,041,978
	Additions	-		9,006		9,006
	Surplus on revaluation	600,000		-		600,000
	At 31 December 2024	16,600,000		50,984		16,650,984

	Depreciation
	At 1 January 2024	-		14,004		14,004
	Charge for the year	-		7,002		7,002
	At 31 December 2024	-		21,006		21,006

	Net book value
	At 31 December 2024	16,600,000		29,978		16,629,978
	At 31 December 2023	16,000,000		27,974		16,027,974


4	Debtors			2024		2023
£					£

	Trade debtors			2,994		666
	Amounts owed by group undertakings			7,470,709		7,649,404
				7,473,703		7,650,070


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			90,814		58,487
	Amounts owed to group undertakings			-		650,000
	Taxation and social security costs			402,402		327,112
	Other creditors			207,329		207,958
				700,545		1,243,557


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			8,097,500		8,179,500







7	Revaluation reserve			2024		2023
£					£

	Gain on revaluation of land and buildings			600,000		-

	At 31 December 2024			600,000		-


8	Other information

	Croydon ApartHotel Ltd is a private company limited by shares and incorporated in England. Its registered office is:

	Lynton House
	54 Clapham Common South Side
	London
	SW4 9BX