Crosshill Hotels LTD. Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC502180

Crosshill Hotels LTD.

Filleted Unaudited Financial Statements

31 March 2025

Crosshill Hotels LTD.

Financial Statements

Year ended 31 March 2025

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Crosshill Hotels LTD.

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Crosshill Hotels LTD.

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crosshill Hotels LTD. for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Crosshill Hotels LTD., as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Crosshill Hotels LTD. and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crosshill Hotels LTD. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Crosshill Hotels LTD. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crosshill Hotels LTD.. You consider that Crosshill Hotels LTD. is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Crosshill Hotels LTD.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

28 October 2025

Crosshill Hotels LTD.

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		67,095	89,459

Current assets

Debtors	6	522,000	187,000
Cash at bank and in hand		34,221	282,531
		---------	---------
		556,221	469,531

Creditors: amounts falling due within one year	7	95,879		84,883
		---------		---------
Net current assets			460,342	384,648
			---------	---------
Total assets less current liabilities			527,437	474,107

Creditors: amounts falling due after more than one year
Bank loans and overdrafts	28,467	34,895
	---------	---------
Net assets	498,970	439,212
	---------	---------

Capital and reserves

Called up share capital	404,000	404,000
Profit and loss account	94,970	35,212
	---------	---------
Shareholders funds	498,970	439,212
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Crosshill Hotels LTD.

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

Mr N Singh	Mr C Sahni
Director	Director

Company registration number: SC502180

Crosshill Hotels LTD.

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 8 Cambridge Avenue, Edinburgh, EH6 5AP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of 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.

Cash and cash equivalents

Cash is generated by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

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:

Fixtures and fittings	-	25% reducing balance
Equipment	-	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	389,809	1,474	391,283
	---------	-------	---------
Depreciation
At 1 April 2024	300,438	1,386	301,824
Charge for the year	22,342	22	22,364
	---------	-------	---------
At 31 March 2025	322,780	1,408	324,188
	---------	-------	---------
Carrying amount
At 31 March 2025	67,029	66	67,095
	---------	-------	---------
At 31 March 2024	89,371	88	89,459
	---------	-------	---------

6. Debtors

	2025	2024
	£	£
Other debtors	522,000	187,000
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	7,416	7,416
Trade creditors	34,551	48,611
Corporation tax	27,426	1,827
Social security and other taxes	9,380	9,756
Other creditors	17,106	17,273
	--------	--------
	95,879	84,883
	--------	--------

8. Related party transactions

At the year end, the company was owed £430,000 (2024: £120,000) from Marie Stuart Hotels LTD. Rent of £47,516 was also paid during the year to Marie Stuart Hotels LTD. This is a company that directors Mr N Singh and Mr C Sahni have a controlling interest in. At the year end, the company was due £92,000 from Clydebank Hotels Ltd (2024: £67,000), which is a company that directors Mr N Singh and Mr S Sahni have a controlling interest in.

9. Controlling party

The company was under the control of the directors in the current and previous period.