Chariet Limited Company accounts

COMPANY REGISTRATION NUMBER: 03193438

Chariet Limited

Financial Statements

31 March 2025

Chariet Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Strategic report	1

Directors' report	2

Independent auditor's report to the members	4

Statement of comprehensive income	7

Statement of financial position	8

Statement of changes in equity	9

Notes to the financial statements	10

Chariet Limited

Strategic Report

Year ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

Review of the business

The principal activity of the company during the year continued to be that of a hotel operator. The results for the year and financial position of the company are shown in the annexed financial statements.

Environment

The company is committed to protecting the environment predominantly through recycling.

Principal risks and uncertainties

The company's principal risk is that of competitor price competition. In light of this the company's emphasis on service levels is key to retaining customers.

This report was approved by the board of directors on 27 August 2025 and signed on behalf of the board by:

S H Choo	C T Lim
Director	Director

Registered office:

c/o Edwards Veeder (UK) Limited

Ground Floor, 4 Broadgate

Broadway Business Park

Chadderton

Oldham

OL9 9XA

Chariet Limited

Directors' Report

Year ended 31 March 2025

The directors present their report and the financial statements of the company for the year ended 31 March 2025 .

Directors

The directors who served the company during the year were as follows:

S H Choo
C T Lim
M Y M Wong
T C Lim
K H J Tay

Dividends

The directors do not recommend the payment of a dividend.

Disclosure of information in the strategic report

In accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors Report) Regulation 2013 of the company chosen to include the strategic report information as required by schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008. The directors have chosen to disclose information regarding the future developments and risks exposure of the company within their strategic report on page 1 of these financial statements.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 27 August 2025 and signed on behalf of the board by:

S H Choo	C T Lim
Director	Director

Registered office:

c/o Edwards Veeder (UK) Limited

Ground Floor, 4 Broadgate

Broadway Business Park

Chadderton

Oldham

OL9 9XA

Chariet Limited

Independent Auditor's Report to the Members of Chariet Limited

Year ended 31 March 2025

Opinion

We have audited the financial statements of Chariet Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - Enquiries with management, about any known or suspected instances of non-compliance with laws and regulations and fraud. - Auditing the risk of management of override controls, including through testing journal entries and other adjustments for appropriateness. - Challenging assumptions and judgments made by management in their significant accounting estimates. Because of the field in which the client operates, we identified that employment law, health and safety legislation and compliance with the UK Companies Act are most likely to have a material impact on the financial statements. Owing to the inherent limitations of an audit, there's an unavoidable risk that some material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISAs (UK). For instance, the further removed non-compliances from the events and transactions reflected in the financial statements, the less likely the auditor is to become aware of it or to recognise the non-compliance. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Wadsworth FCCA

(Senior Statutory Auditor)

For and on behalf of

Edwards Veeder (UK) Limited

Chartered accountants & statutory auditor

4 Broadgate

Broadway Business Park

Chadderton

Oldham

OL9 9XA

27 August 2025

Chariet Limited

Statement of Comprehensive Income

Year ended 31 March 2025

		2025	2024
Note		£	£
Turnover	4	4,301,441	4,385,010

Cost of sales	2,420,542	2,426,830
	------------	------------
Gross profit	1,880,899	1,958,180

Administrative expenses		1,315,716	1,565,069
		------------	------------
Operating profit	5	565,183	393,111

Other interest receivable and similar income	9	1,346	–
		------------	------------
Profit before taxation		566,529	393,111

Tax on profit	10	( 527)	9,770
		---------	---------
Profit for the financial year		567,056	383,341
		---------	---------

Tax relating to components of other comprehensive income	50,488	50,488
	---------	---------
Total comprehensive income for the year	617,544	433,829
	---------	---------

All the activities of the company are from continuing operations.

Chariet Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	11	1	1
Tangible assets	12	14,357,635	14,565,021
Investments	13	3	3
		-------------	-------------
		14,357,639	14,565,025

Current assets

Stocks	14	19,695	27,885
Debtors	15	2,193,407	1,604,958
Cash at bank and in hand		223,629	170,708
		------------	------------
		2,436,731	1,803,551

Creditors: amounts falling due within one year	16	547,019	687,754
		------------	------------
Net current assets		1,889,712	1,115,797
		-------------	-------------
Total assets less current liabilities		16,247,351	15,680,822

Provisions	17	2,168,366	2,219,381
		-------------	-------------
Net assets		14,078,985	13,461,441
		-------------	-------------

Capital and reserves

Called up share capital	20	36,000	36,000
Share premium account	21	240,000	240,000
Revaluation reserve	21	8,639,224	8,588,736
Capital redemption reserve	21	24,000	24,000
Profit and loss account	21	5,139,761	4,572,705
		-------------	-------------
Shareholders funds		14,078,985	13,461,441
		-------------	-------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:

S H Choo	C T Lim
Director	Director

Company registration number: 03193438

Chariet Limited

Statement of Changes in Equity

Year ended 31 March 2025

			Called up share capital	Share premium account	Revaluation reserve	Capital redemption reserve	Profit and loss account	Total
			£	£	£	£	£	£
At 1 April 2023			36,000	240,000	8,538,248	24,000	4,189,364	13,027,612

Profit for the year							383,341	383,341
Other comprehensive income for the year:
	Tax relating to components of other comprehensive income	10	–	–	50,488	–	–	50,488
			--------	---------	------------	--------	------------	-------------
Total comprehensive income for the year			–	–	50,488	–	383,341	433,829

At 31 March 2024			36,000	240,000	8,588,736	24,000	4,572,705	13,461,441

Profit for the year							567,056	567,056
Other comprehensive income for the year:
	Tax relating to components of other comprehensive income	10	–	–	50,488	–	–	50,488
			--------	---------	------------	--------	------------	-------------
Total comprehensive income for the year			–	–	50,488	–	567,056	617,544

			--------	---------	------------	--------	------------	-------------
At 31 March 2025			36,000	240,000	8,639,224	24,000	5,139,761	14,078,985
			--------	---------	------------	--------	------------	-------------

Chariet Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is c/o Edwards Veeder (UK) Limited, Ground Floor, 4 Broadgate, Broadway Business Park, Chadderton, Oldham, OL9 9XA. The principal place of business is Crown Spa Hotel, 7-11 Esplanade, Scarborough, YO11 2AG.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Seacare Hospitality (UK) Limited, which can be obtained from,4 Broadgate, Broadway Business Park, Chadderton, Oldham, England, OL9 9XA. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Sales are recognised by reference to the occupancy date of the rooms let and all deposits received in advance are treated as deposits held on behalf of customers. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	50 years straight line
Fixtures and fittings	-	3 to 25 years straight line
Motor vehicles	-	4 years straight line
Equipment	-	3 to 25 years straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	1,116,316	1,152,537
Rendering of services	3,185,125	3,232,473
	------------	------------
	4,301,441	4,385,010
	------------	------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit or loss is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	261,849	266,430
	---------	---------

6. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	8,900	8,800
	-------	-------

7. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	97	97
Management staff	4	4
	----	----
	101	101
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	1,517,763	1,519,120
Social security costs	92,531	91,764
Other pension costs	23,618	23,058
	------------	------------
	1,633,912	1,633,942
	------------	------------

8. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	4,644	4,740
	-------	-------

9. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	1,346	–
	-------	----

10. Tax on profit

Major components of tax (income)/expense

	2025	2024
	£	£

Deferred tax:

Origination and reversal of timing differences	( 527)	9,770
	----	-------
Tax on profit	( 527)	9,770
	----	-------

Tax recognised as other comprehensive income or equity

The aggregate current and deferred tax relating to items recognised as other comprehensive income or equity for the year was £( 50,488 ) (2024: £( 50,488 )).

Reconciliation of tax (income)/expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	566,529	393,111
	---------	---------
Profit on ordinary activities by rate of tax	141,632	98,277
Effect of expenses not deductible for tax purposes	–	66,608
Effect of capital allowances and depreciation	46,857	( 25,889)
Deferred tax movement	( 527)	9,770
Utilisation of goup tax losses	( 188,489)	( 138,996)
	---------	---------
Tax on profit	( 527)	9,770
	---------	---------

11. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	1
	----
Amortisation
At 1 April 2024 and 31 March 2025	–
	----
Carrying amount
At 31 March 2025	1
	----
At 31 March 2024	1
	----

12. Tangible assets

	Freehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	15,534,798	3,202,663	19,481	534,983	19,291,925
Additions	–	5,497	–	48,966	54,463
	-------------	------------	--------	---------	-------------
At 31 March 2025	15,534,798	3,208,160	19,481	583,949	19,346,388
	-------------	------------	--------	---------	-------------
Depreciation
At 1 April 2024	1,329,256	3,018,640	19,481	359,527	4,726,904
Charge for the year	201,953	29,839	–	30,057	261,849
	-------------	------------	--------	---------	-------------
At 31 March 2025	1,531,209	3,048,479	19,481	389,584	4,988,753
	-------------	------------	--------	---------	-------------
Carrying amount
At 31 March 2025	14,003,589	159,681	–	194,365	14,357,635
	-------------	------------	--------	---------	-------------
At 31 March 2024	14,205,542	184,023	–	175,456	14,565,021
	-------------	------------	--------	---------	-------------

13. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	3
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	3
	----
At 31 March 2024	3
	----

Subsidiaries, associates and other investments

	Class of share	Percentage of shares held
Subsidiary undertakings
The Crown Spa Hotel Limited	Ordinary	100
The Crown Spa Limited	Ordinary	100
Event Assure Limited	Ordinary	100

The registered office for all investments above is C/O Edwards Veeder (UK) Limited Ground Floor, 4 Broadgate Broadway Business Park, Chadderton, Oldham, England, OL9 9XA.

The results and capital and reserves for the year are as follows:

	Capital and reserves		Profit/(loss) for the year
	2025	2024	2025	2024
	£	£	£	£
Subsidiary undertakings
The Crown Spa Hotel Limited	1	1	–	–
The Crown Spa Limited	1	1	–	–
Event Assure Limited	1	1	–	–
	----	----	----	----

14. Stocks

	2025	2024
	£	£
Raw materials and consumables	19,695	27,885
	--------	--------

15. Debtors

	2025	2024
	£	£
Trade debtors	46,595	52,785
Amounts owed by group undertakings	2,110,275	1,513,539
Prepayments and accrued income	36,537	38,418
Other debtors	–	216
	------------	------------
	2,193,407	1,604,958
	------------	------------

16. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	162,838	248,138
Amounts owed to group undertakings	20,022	13,902
Accruals and deferred income	90,592	164,349
Social security and other taxes	138,208	101,208
Other creditors	135,359	160,157
	---------	---------
	547,019	687,754
	---------	---------

The overdraft is secured on the land and buildings of the company .

17. Provisions

	Deferred tax (note 18)
	£
At 1 April 2024	2,219,381
Charge against provision	( 527)
On revaluation	( 50,488)
	------------
At 31 March 2025	2,168,366
	------------

18. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 17)	2,168,366	2,219,381
	------------	------------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	338,869	339,396
Revaluation of tangible assets	1,829,497	1,879,985
	------------	------------
	2,168,366	2,219,381
	------------	------------

19. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 23,618 (2024: £ 23,058 ).

20. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	36,000	36,000	36,000	36,000
	--------	--------	--------	--------

21. Reserves

Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs. Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Capital redemption reserve - This represents the repurchase of 21,000 "B" Ordinary shares in 2009 and 3,000 "B" Ordinary shares in 2011. Profit and loss account - This reserve records retained earnings and accumulated losses.

22. Contingencies

The bank loan held by the parent company Seacare Scarborough Limited as at 31 March 2025 amounting to £3,142,076 (2024: £3,300,821), is secured by way of a charge over the assets of Chariet Limited .

23. Related party transactions

Included within debtors, as at 31 March 2025 was £2,106,784 (2024: £1,513,539) owed from Seacare Scarborough Limited, the parent company of Chariet Limited . Included within debtors, as at 31 March 2025 was £3,491 (2024: £Nil) owed from Seacare Compass Scarborough Limited, a related party of Chariet Limited .

24. Controlling party

Since September 2017, the company has been a wholly owned subsidiary of Seacare Scarborough Limited, a company incorporated in England & Wales. Seacare Scarborough Limited is a wholly owned subsidiary of Seacare Hospitality (UK) Limited, a company incorporated in England & Wales. Seacare Holdings Private Limited (incorporated in Singapore) owns 100% of the share capital of Seacare Hospitality (UK) Limited and is the parent company.