Company Registration No. 03832224 (England and Wales)
CROWNDELL CONSULTING LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CROWNDELL CONSULTING LIMITED
COMPANY INFORMATION
Directors
Mr P R Fair
Mrs J Fair
Mr D J Trotter
Secretary
Mr P R Fair
Company number
03832224
Registered office
Lewinnick Lodge
Pentire Headland
NEWQUAY
Cornwall
England
TR 7 1NX
Auditor
TC Group
Vivian House
Newham Road
Truro
Cornwall
United Kingdom
TR1 2DP
CROWNDELL CONSULTING LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 8
Profit and loss account
9
Group statement of comprehensive income
10
Group balance sheet
11 - 12
Company balance sheet
13 - 14
Group statement of changes in equity
15
Company statement of changes in equity
16
Group statement of cash flows
17
Company statement of cash flows
18
CROWNDELL CONSULTING LIMITED
CONTENTS
Notes to the financial statements
19 - 41
CROWNDELL CONSULTING LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

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

Review of the Business

The directors consider that the Group's key financial performance indicators are those that communicate the financial performance of the Group as a whole, these being turnover, gross profit margin and net profit.

The results for the year are a clear indication that the cost control strategies put in place are working in that, with similar gross profit, the Group’s profit before tax has increased from £333k to £6 1 5k.

Turnover for the year under review has been maintained at £6,0 84 k (2023/24: £6,0 89 k) with an improved gross margin of 37.2% (202 3/2 4: 34.4%). Over the same period operating profit has increased again to £712 k (202 3/2 4: £428 k). Given the circumstances, the directors are pleased to report this increase in profitability for the year, which reflects the impact of improved cost controls and further operational streamlining. The directors believe that both venues continue to offer a high-quality offering and are committed to continued innovation to ensure the business is well placed to react to changing conditions and continue to increase profitability.

Despite the current challenging economic environment, the Directors are positive regarding the long-term future opportunities.

Principle Risks and Uncertainties

Due to the economic conditions, the Directors have carefully considered the position of the company and its group.

The success of the business is dependent on the economic and political climate, with ongoing affairs, particularly the current challenging economic climate influencing customer activity and key costs.

Future Developments

Building on the successes of 2024/25 the Directors believe that further work can be done to further improve cost control and further streamline operations. To this end the company is currently investing heavily in new systems which will allow further integration between all operational areas and the head office function, which will result in both cost-saving and improved customer experience.

Going Concern

The Directors have considered all the information available to them and following a full and detailed assessment we are satisfied that there are adequate resources with which the group can continue to prepare the accounts on a going concern basis.

On behalf of the board

Mr P R Fair
Director
5 November 2025
CROWNDELL CONSULTING LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

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

Principal activities

The principal activity of the company and group continued to be that of the operation of bars, restaurants and accommodation.

Secondary to this is the rental of investment properties.

Results and dividends

The results for the year are set out on page 9.

Ordinary dividends were paid amounting to £51,250. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr P R Fair
Mrs J Fair
Mr D J Trotter
Qualifying third party indemnity provisions

The group has maintained directors' liability insurance in respect of its directors.

Financial instruments
Objectives and Policies

The company's and group's principal financial instruments comprise of bank balances, trade creditors, deposits in advance from customers, and bank loans. The main purpose of these instruments is to raise funds for the company's operations.

Liquidity risk

The group manages this particular risk through a combination of compiling projections and regular review of the management figures by Directors. Where necessary, additional funds are sought to ensure that necessary funds are available to continue the groups objectives.

Price risk

The group has a set tariff in place for customers staying at their premises, the tariffs are set by the Directors and factored in to projections which enables the group to ensure that sufficient funds are available. Deposits in advance help to fund the group and therefore setting tariffs to ensure they encourage payments in advance is an important element of financial instruments.

Operational risk

The Directors are aware of the continual changes in law and regulations and the associated compliance costs and plan ahead accordingly.

CROWNDELL CONSULTING LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Credit risk

Given that customers are required to pay a deposit to reserve a room, and that all accounts are liable for settlement on arrival, the Directors do not believe the group is adversely exposed to credit risk.

Auditor

In accordance with the company's articles, a resolution proposing that TC Group be reappointed as auditor of the group will be put at a General Meeting.

Statement of directors' responsibilities

The directors are responsible for preparing the Annual 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 group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and 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 group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
Mr P R Fair
Director
5 November 2025
CROWNDELL CONSULTING LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF CROWNDELL CONSULTING LIMITED
- 4 -
Opinion

We have audited the financial statements of Crowndell Consulting Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including 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 group's and the parent company's affairs as at 31 March 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- 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 company 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 group's and parent 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.

CROWNDELL CONSULTING LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CROWNDELL CONSULTING LIMITED
- 5 -

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 contained within the annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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 our audit:

- the information given in the strategic report and the directors' r eport 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 group and the parent company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report and the directors' r eport.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company 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' r esponsibilities s tatement, 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 parent 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.

CROWNDELL CONSULTING LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CROWNDELL CONSULTING LIMITED
- 6 -
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. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

CROWNDELL CONSULTING LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CROWNDELL CONSULTING LIMITED
- 7 -

Our approach was as follows:

- We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations;

- We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK;

- We considered the nature of the industry, the control environment and business performance, including the key drivers for management’s remuneration;

- We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit;

- We considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk and risk of management override of controls. These procedures included: testing manual journals and evaluating the business rationale of significant transactions outside the normal course of business (where identified); reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

CROWNDELL CONSULTING LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CROWNDELL CONSULTING LIMITED
- 8 -

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.

James Pearce (Senior Statutory Auditor)
For and on behalf of TC Group
6 November 2025
Chartered Accountants
Statutory Auditor
Vivian House
Newham Road
Truro
Cornwall
United Kingdom
TR1 2DP
CROWNDELL CONSULTING LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
2025
2024
Notes
£
£
Turnover
3
6,084,077
6,089,413
Cost of sales
(3,821,442)
(3,994,081)
Gross profit
2,262,635
2,095,332
Administrative expenses
(1,550,154)
(1,666,875)
Operating profit
4
712,481
428,457
Interest receivable and similar income
8
19,544
47,818
Interest payable and similar expenses
9
(116,481)
(143,563)
Profit before taxation
615,544
332,712
Tax on profit
10
(155,906)
(96,659)
Profit for the financial year
459,638
236,053
Profit for the financial year is attributable to:
- Owners of the parent company
457,333
236,171
- Non-controlling interests
2,305
(118)
459,638
236,053
CROWNDELL CONSULTING LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
2025
2024
£
£
Profit for the year
459,638
236,053
Other comprehensive income
-
-
Total comprehensive income for the year
459,638
236,053
Total comprehensive income for the year is attributable to:
- Owners of the parent company
457,333
236,171
- Non-controlling interests
2,305
(118)
459,638
236,053
CROWNDELL CONSULTING LIMITED
GROUP BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
5,576,301
5,654,626
Investment properties
13
815,000
815,000
6,391,301
6,469,626
Current assets
Stocks
16
51,585
48,781
Debtors
17
169,735
110,376
Cash at bank and in hand
648,840
1,157,291
870,160
1,316,448
Creditors: amounts falling due within one year
18
(1,804,303)
(2,289,517)
Net current liabilities
(934,143)
(973,069)
Total assets less current liabilities
5,457,158
5,496,557
Creditors: amounts falling due after more than one year
19
(1,997,151)
(2,444,857)
Provisions for liabilities
Deferred tax liability
22
288,259
288,340
(288,259)
(288,340)
Net assets
3,171,748
2,763,360
Capital and reserves
Called up share capital
24
2,053,952
2,053,952
Capital redemption reserve
7,789
7,789
Profit and loss reserves
835,425
429,342
Equity attributable to owners of the parent company
2,897,166
2,491,083
Non-controlling interests
274,582
272,277
3,171,748
2,763,360
CROWNDELL CONSULTING LIMITED
GROUP BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 12 -
The financial statements were approved by the board of directors and authorised for issue on 5 November 2025 and are signed on its behalf by:
05 November 2025
Mr P R Fair
Director
CROWNDELL CONSULTING LIMITED
COMPANY BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 13 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
5,550,345
5,620,018
Investments
14
235,885
235,885
5,786,230
5,855,903
Current assets
Stocks
16
51,585
48,781
Debtors
17
293,477
219,601
Cash at bank and in hand
637,405
1,138,136
982,467
1,406,518
Creditors: amounts falling due within one year
18
(1,857,404)
(2,367,861)
Net current liabilities
(874,937)
(961,343)
Total assets less current liabilities
4,911,293
4,894,560
Creditors: amounts falling due after more than one year
19
(1,776,621)
(2,162,386)
Provisions for liabilities
Deferred tax liability
22
286,153
287,338
(286,153)
(287,338)
Net assets
2,848,519
2,444,836
Capital and reserves
Called up share capital
24
2,053,952
2,053,952
Capital redemption reserve
7,789
7,789
Profit and loss reserves
786,778
383,095
Total equity
2,848,519
2,444,836

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £454,933 (2024 - £236,645 profit).

CROWNDELL CONSULTING LIMITED
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 14 -
The financial statements were approved by the board of directors and authorised for issue on 5 November 2025 and are signed on its behalf by:
05 November 2025
Mr P R Fair
Director
Company Registration No. 03832224
CROWNDELL CONSULTING LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total controlling interest
Non-controlling interest
Total
Notes
£
£
£
£
£
£
Balance at 1 April 2023
2,064,273
-
0
476,606
2,540,879
272,395
2,813,274
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
-
236,171
236,171
(118)
236,053
Dividends
11
-
-
(283,435)
(283,435)
-
(283,435)
Redemption of shares
24
-
7,789
-
7,789
-
7,789
Reduction of shares
24
(10,321)
-
-
(10,321)
-
(10,321)
Balance at 31 March 2024
2,053,952
7,789
429,342
2,491,083
272,277
2,763,360
Year ended 31 March 2025:
Profit and total comprehensive income for the year
-
-
457,333
457,333
2,305
459,638
Dividends
11
-
-
(51,250)
(51,250)
-
(51,250)
Balance at 31 March 2025
2,053,952
7,789
835,425
2,897,166
274,582
3,171,748
CROWNDELL CONSULTING LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2023
2,064,273
-
0
429,885
2,494,158
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
-
236,645
236,645
Dividends
11
-
-
(283,435)
(283,435)
Redemption of shares
24
-
7,789
-
7,789
Reduction of shares
24
(10,321)
-
-
(10,321)
Balance at 31 March 2024
2,053,952
7,789
383,095
2,444,836
Year ended 31 March 2025:
Profit and total comprehensive income for the year
-
-
454,933
454,933
Dividends
11
-
-
(51,250)
(51,250)
Balance at 31 March 2025
2,053,952
7,789
786,778
2,848,519
CROWNDELL CONSULTING LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
29
813,065
611,018
Interest paid
(116,481)
(143,563)
Income taxes paid
(91,664)
(26,672)
Net cash inflow from operating activities
604,920
440,783
Investing activities
Purchase of tangible fixed assets
(71,035)
(134,969)
Proceeds on disposal of tangible fixed assets
-
1,083
Interest received
19,544
47,818
Net cash used in investing activities
(51,491)
(86,068)
Financing activities
Share buyback
-
(2,532)
Repayment of borrowings
(590,757)
150,940
Repayment of bank loans
(361,734)
(352,061)
Payment of finance leases obligations
(58,139)
(28,853)
Dividends paid to equity shareholders
(51,250)
(283,435)
Net cash used in financing activities
(1,061,880)
(515,941)
Net decrease in cash and cash equivalents
(508,451)
(161,226)
Cash and cash equivalents at beginning of year
1,157,291
1,318,517
Cash and cash equivalents at end of year
648,840
1,157,291
CROWNDELL CONSULTING LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
30
762,369
562,066
Interest paid
(95,080)
(118,971)
Income taxes paid
(91,665)
(26,672)
Net cash inflow from operating activities
575,624
416,423
Investing activities
Purchase of tangible fixed assets
(71,035)
(134,969)
Proceeds on disposal of tangible fixed assets
-
0
1,083
Interest received
19,544
47,818
Net cash used in investing activities
(51,491)
(86,068)
Financing activities
Share buyback
-
(2,532)
Repayment of borrowings
(590,757)
150,940
Repayment of bank loans
(333,272)
(325,422)
Payment of finance leases obligations
(49,585)
(20,299)
Dividends paid to equity shareholders
(51,250)
(283,435)
Net cash used in financing activities
(1,024,864)
(480,748)
Net decrease in cash and cash equivalents
(500,731)
(150,393)
Cash and cash equivalents at beginning of year
1,138,136
1,288,529
Cash and cash equivalents at end of year
637,405
1,138,136
CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
1
Accounting policies
Company information

Crowndell Consulting Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Lewinnick Lodge, Pentire Headland, NEWQUAY, Cornwall, England, TR 7 1NX.

The group consists of Crowndell Consulting Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 20 -
1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Crowndell Consulting Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 March 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

1.4
Going concern

In the year ended 31 March 2025 the results of the business continued to improve despite the continued inflationary pressures being felt across the sector. Adding to the already difficult market is the additional cost imposed by the UK Government in their 2024 budget. The company has managed to pass on a proportion of these costs but has inevitably had to absorb some. Despite this the first quarter of 2025/26 has seen turnover increase sufficiently to maintain net profit close to the year under review.

The group retains the full support of its creditors, Directors' and other related parties. The Directors have indicated their willingness not to call on their current accounts until such time as the group is in a position to continue to trade without these funds being available.

The directors have taken all the above into account in their projections which extend 12 months from the date of approval of the accounts and indicate a sufficient level of headroom. The directors consider that the group is a going concern and the accounts are accordingly prepared on a going concern basis.

1.5
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 21 -

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

The group has a number of revenue streams, each of which has a specific revenue recognition policy. Turnover from services and goods provided by the venues is recognised on a daily basis once the goods and services have been provided to the customer and the right to consideration has been earned. For accommodation, turnover is recognised daily from the day of arrival, for food and beverages this is when the goods have been provided and for events, turnover is recognised on the day of the event. Rental income from investment property is recognised in the profit and loss account on a straight line basis in line with the tenancy agreement, payable in advance.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Straight line over 20 years to 80% of historic cost (residual value)
Fixtures and fittings
15% on reducing balance and straight line over 3 years
Motor vehicles
25% on reducing balance

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.7
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Investment property is shown at most recent valuation determined annually by the directors or professional valuers as may be appropriate.

CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 22 -
1.8
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.10
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 23 -

Stock is valued using first in, first out method after making due allowance for obsolete and slow moving items.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.11
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 24 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 25 -
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.13
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.14
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 26 -
1.15
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.16
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.17
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 27 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Depreciation

Depreciation is expensed at a rate that is determined to best represent the useful economic life of relevant assets, which is reviewed by the directors, along with the associated estimated residual values.

Deferred income

Deferred income is derived from a deposits ledger, being the value of monies received in relation to services to be rendered in a future accounting period.

Accrued costs

Accrued costs, where possible, are based on post year end economic outflows relating to the accounting period. Where this is not known with certainty, an estimate will be determined based on historic trends and the knowledge available at the time of provision.

Valuation of investment property

The directors review the valuation of the investment property annually. The directors obtain third party valuations periodically to assist them in the review. Although these estimates are based on the directors' best knowledge of the current amount, events or actions, actual results may differ from their estimates.

3
Turnover and other revenue

An analysis of the group's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Accomodation
1,459,042
1,422,121
Food and drink
4,569,971
4,614,644
Property rental
48,290
51,280
Other
6,774
1,368
6,084,077
6,089,413
CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Turnover and other revenue
(Continued)
- 28 -
2025
2024
£
£
Other significant revenue
Interest income
19,544
47,818
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
125,360
131,998
Depreciation of tangible fixed assets held under finance leases
23,150
30,868
Loss/(profit) on disposal of tangible fixed assets
850
(1,083)
Operating lease charges
17,950
15,000
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
15,400
8,000
Audit of the financial statements of the company's subsidiaries
1,000
1,000
16,400
9,000
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Administrattion and support
13
13
12
13
Other departments
101
108
101
108
Total
114
121
113
121
CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
Employees
(Continued)
- 29 -

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
2,345,471
2,395,599
2,345,471
2,395,426
Social security costs
183,923
162,268
183,923
162,268
Pension costs
37,314
37,031
37,314
37,031
2,566,708
2,594,898
2,566,708
2,594,725
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
184,324
234,728
Company pension contributions to defined contribution schemes
-
991
184,324
235,719

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 0 (2024 - 1).

Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
n/a
83,784

As total directors' remuneration was less than £200,000 in the current year, no disclosure is provided for that year.

8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
19,544
47,818
CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8
Interest receivable and similar income
(Continued)
- 30 -

Investment income includes the following:

Interest on financial assets not measured at fair value through profit or loss
19,544
47,818
9
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
112,640
134,586
Other finance costs:
Interest on finance leases and hire purchase contracts
3,841
8,977
Total finance costs
116,481
143,563
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
163,634
91,154
Adjustments in respect of prior periods
(7,647)
-
0
Total current tax
155,987
91,154
Deferred tax
Origination and reversal of timing differences
(81)
5,505
Total tax charge
155,906
96,659
CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10
Taxation
(Continued)
- 31 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
615,544
332,712
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
153,886
83,178
Tax effect of expenses that are not deductible in determining taxable profit
1,542
274
Tax effect of utilisation of tax losses not previously recognised
(3,038)
(6,236)
Unutilised tax losses carried forward
1,091
4,130
Depreciation in excess of capital allowances
11,244
10,306
Adjustments to tax in respect of previous periods
(7,647)
(498)
Deferred tax - accelerated capital allowances rate
(2,770)
5,505
Tax rate difference in subsidiary
1,598
-
Taxation charge
155,906
96,659
11
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Interim paid
51,250
283,435
CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 32 -
12
Tangible fixed assets
Group
Freehold land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
7,683,385
1,868,196
364,315
9,915,896
Additions
-
0
71,035
-
0
71,035
Disposals
-
0
(3,618)
-
0
(3,618)
At 31 March 2025
7,683,385
1,935,613
364,315
9,983,313
Depreciation and impairment
At 1 April 2024
2,635,249
1,388,866
237,155
4,261,270
Depreciation charged in the year
36,866
79,855
31,789
148,510
Eliminated in respect of disposals
-
0
(2,768)
-
0
(2,768)
At 31 March 2025
2,672,115
1,465,953
268,944
4,407,012
Carrying amount
At 31 March 2025
5,011,270
469,660
95,371
5,576,301
At 31 March 2024
5,048,136
479,330
127,160
5,654,626
CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12
Tangible fixed assets
(Continued)
- 33 -
Company
Freehold land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
7,293,688
1,156,198
301,480
8,751,366
Additions
-
0
71,035
-
0
71,035
Disposals
-
0
(3,618)
-
0
(3,618)
At 31 March 2025
7,293,688
1,223,615
301,480
8,818,783
Depreciation and impairment
At 1 April 2024
2,245,552
676,868
208,928
3,131,348
Depreciation charged in the year
36,866
79,855
23,137
139,858
Eliminated in respect of disposals
-
0
(2,768)
-
0
(2,768)
At 31 March 2025
2,282,418
753,955
232,065
3,268,438
Carrying amount
At 31 March 2025
5,011,270
469,660
69,415
5,550,345
At 31 March 2024
5,048,136
479,330
92,552
5,620,018

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Group
Company
2025
2024
2025
2024
£
£
£
£
Motor vehicles
69,450
92,600
43,494
57,992

Freehold land and buildings have been pledged to secure borrowings of the company. Details of the security is included in the creditors note.

Included in cost of land and buildings is freehold land of £1,560,973 (2024: £1,560,973) which is not depreciated.

Prior to 1 April 2020, land was included in the depreciable amount of freehold property.

CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 34 -
13
Investment property
Group
Company
2025
2025
£
£
Fair value
At 1 April 2024 and 31 March 2025
815,000
-

The property was valued by Jonathan Wall BSc (Hons) MRICS, director of Davis Coffer Lyons on 27 September 2021 on the open market basis. Davis Coffer Lyons are independent valuers not connected with the company. The directors have reviewed the value of property at year end and do not believe that the value has changed as at 31 March 2025.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
Group
Company
2025
2024
2025
2024
£
£
£
£
Cost
832,162
832,162
-
-
Accumulated depreciation
-
-
-
-
Carrying amount
832,162
832,162
-
-

The investment property owned by the company is pledged to secure the borrowings of the company and the group.

The carrying value of land and buildings comprises:

Group
Company
2025
2024
2025
2024
£
£
£
£
Freehold
815,000
815,000
-
-
14
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
15
-
0
-
0
235,885
235,885
CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14
Fixed asset investments
(Continued)
- 35 -
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024 and 31 March 2025
235,885
Carrying amount
At 31 March 2025
235,885
At 31 March 2024
235,885
15
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Faronpark Limited
Lewinnick Lodge, PentireHeadland, Newquay, Cornwall, TR7 1NX
Dormant
Ordinary
100.00
Summergrand Limited
Vivian House, Newham Road, Truro, Cornwall, United Kingdom, TR1 2DP
Property rental
Ordinary
51.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Faronpark Limited
235,285
-
0
Summergrand Limited
324,929
4,705
16
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
51,585
48,781
51,585
48,781
CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 36 -
17
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
4,102
100
-
0
-
0
Amounts owed by group undertakings
-
-
129,438
110,608
Other debtors
55,098
15,049
55,098
15,049
Prepayments and accrued income
110,535
95,227
108,941
93,944
169,735
110,376
293,477
219,601
18
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
20
372,487
347,071
344,023
321,858
Obligations under finance leases
21
60,556
58,139
30,328
49,585
Other borrowings
20
368,490
959,247
368,490
959,247
Payments received on account
232,807
148,680
232,807
148,680
Trade creditors
163,476
169,930
163,034
169,930
Amounts owed to group undertakings
-
0
-
0
234,534
234,534
Corporation tax payable
155,939
91,616
155,939
91,616
Other taxation and social security
228,144
293,054
228,144
293,054
Other creditors
154,565
157,770
36,309
39,514
Accruals and deferred income
67,839
64,010
63,796
59,843
1,804,303
2,289,517
1,857,404
2,367,861

Hire purchase agreements are secured against the assets to which they relate.

19
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
20
1,997,151
2,384,301
1,776,621
2,132,058
Obligations under finance leases
21
-
0
60,556
-
0
30,328
1,997,151
2,444,857
1,776,621
2,162,386
CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 37 -
20
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
2,369,638
2,731,372
2,120,644
2,453,916
Other loans
368,490
959,247
368,490
959,247
2,738,128
3,690,619
2,489,134
3,413,163
Payable within one year
740,977
1,306,318
712,513
1,281,105
Payable after one year
1,997,151
2,384,301
1,776,621
2,132,058

The company has a five year fixed term loan with an interest rate of 3.8% p.a, which expires in January 2027. The company also has a CBIL loan which expires in June 2026. All loans that were held during the year were denominated in Great British Pounds.

The loans are secured by cross guarantee and debentures from the group companies (including fixed and floating charges over the assets of the group). Additionally, director's personal guarantees are in place as well as a legal charge over property owned by the group.

21
Finance lease obligations
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
60,556
58,139
30,328
49,585
In two to five years
-
0
60,556
-
0
30,328
60,556
118,695
30,328
79,913

Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The agreements come to an end in January 2026. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 38 -
22
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
289,088
291,478
Tax losses
(829)
(3,138)
288,259
288,340
Liabilities
Liabilities
2025
2024
Company
£
£
Accelerated capital allowances
286,153
287,338
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 April 2024
288,340
287,338
Credit to profit or loss
(81)
(1,185)
Liability at 31 March 2025
288,259
286,153
23
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
37,314
37,031

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 39 -
24
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
454,141
454,141
454,141
454,141
Ordinary A shares of £1 each
1,599,811
1,599,811
1,599,811
1,599,811
2,053,952
2,053,952
2,053,952
2,053,952

Ordinary and Ordinary A shares rank pari passu with one another.

25
Events after the reporting date

On 14th April 2025 the subsidiary company ended the Personal Contract Purchase agreement for a motor vehicle held in the accounts as at 31st March 2025. The net book value of this vehicle was £25,956 at 31 March 2025.

26
Related party transactions

Mr P R Fair and Mrs J Fair

(Directors and shareholders)

The directors have provided a personal guarantee of £250,000 in respect of bank borrowings.

During the current and previous year a loan account existed between the company and Mr and Mrs P R Fair. No interest was paid on this loan. At the balance sheet date the amount due to Mr and Mrs P R Fair was £367,116 (2024: £955,695).

Mr P F Stanford

(Director and shareholder of Summergrand Limited)

During the current and previous year a loan account existed between Summergrand Limited and Mr P F Stanford. No interest was paid on the loan. At the balance sheet date the amount due was £118,256 (2024: £118,256).

There are no key management personnel other than the directors. Details of directors' remuneration is provided in note 7.

CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 40 -
27
Directors' transactions

Dividends totalling £51,250 (2024 - £283,435) were paid in the year in respect of shares held by the company's directors.

Advances or credits have been granted by the group to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan
-
(3,552)
55,235
(53,057)
(1,374)
(3,552)
55,235
(53,057)
(1,374)
28
Controlling party

The ultimate controlling party is Mr P R Fair and Mrs J Fair.

29
Cash generated from group operations
2025
2024
£
£
Profit for the year after tax
459,638
236,053
Adjustments for:
Taxation charged
155,906
96,659
Finance costs
116,481
143,563
Investment income
(19,544)
(47,818)
Loss/(gain) on disposal of tangible fixed assets
850
(1,083)
Depreciation and impairment of tangible fixed assets
148,510
162,866
Movements in working capital:
(Increase)/decrease in stocks
(2,804)
41,570
(Increase)/decrease in debtors
(59,359)
30,932
Increase/(decrease) in creditors
13,387
(51,724)
Cash generated from operations
813,065
611,018
CROWNDELL CONSULTING LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 41 -
30
Cash generated from operations - company
2025
2024
£
£
Profit for the year after tax
454,933
236,645
Adjustments for:
Taxation charged
154,803
96,715
Finance costs
95,080
118,971
Investment income
(19,544)
(47,818)
Loss/(gain) on disposal of tangible fixed assets
850
(1,083)
Depreciation and impairment of tangible fixed assets
139,858
151,330
Movements in working capital:
(Increase)/decrease in stocks
(2,804)
41,570
(Increase)/decrease in debtors
(73,876)
19,059
Increase/(decrease) in creditors
13,069
(53,323)
Cash generated from operations
762,369
562,066
31
Analysis of changes in net debt - group
1 April 2024
Cash flows
31 March 2025
£
£
£
Cash at bank and in hand
1,157,291
(508,451)
648,840
Borrowings excluding overdrafts
(3,690,619)
952,491
(2,738,128)
Obligations under finance leases
(118,695)
58,139
(60,556)
(2,652,023)
502,179
(2,149,844)
32
Analysis of changes in net debt - company
1 April 2024
Cash flows
31 March 2025
£
£
£
Cash at bank and in hand
1,138,136
(500,731)
637,405
Borrowings excluding overdrafts
(3,413,163)
924,029
(2,489,134)
Obligations under finance leases
(79,913)
49,585
(30,328)
(2,354,940)
472,883
(1,882,057)
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