Crown River Cruises Limited 31/03/2025 iXBRL

Company registration number: 01980680

Crown River Cruises Limited

Unaudited filleted financial statements

31 March 2025

Crown River Cruises Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Crown River Cruises Limited

Directors and other information


Directors	Mr R A Prentice
	Mr C G Newens	(Resigned 8 September 2025)
	Mr R J Prentice	(Appointed 18 February 2025)


Secretary	Mr R A Prentice


Company number	01980680


Registered office	Crown River Cruises
	Tower Pier
	London
	EC3N 4DT

Crown River Cruises Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	392,179		467,937
Investments	7	400		400
		_______		_______
			392,579		468,337

Current assets
Debtors	8	1,100,688		907,540
Cash at bank and in hand		1,233,035		960,747
		_______		_______
		2,333,723		1,868,287
Creditors: amounts falling due
within one year	9	( 427,517)		( 392,516)
		_______		_______
Net current assets			1,906,206		1,475,771
			_______		_______
Total assets less current liabilities			2,298,785		1,944,108

Creditors: amounts falling due
after more than one year	10		( 2,500)		( 12,498)

Provisions for liabilities			( 98,145)		( 116,984)

			_______		_______
Net assets			2,198,140		1,814,626
			_______		_______

Capital and reserves
Called up share capital			102		102
Profit and loss account			2,198,038		1,814,524
			_______		_______
Shareholders funds			2,198,140		1,814,626
			_______		_______

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.

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.

These financial statements were approved by the board of directors and authorised for issue on 03 December 2025 , and are signed on behalf of the board by:

Mr R A Prentice

Director

Company registration number: 01980680

Crown River Cruises 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 and Wales. The address of the registered office is Crown River Cruises, Tower Pier, London, EC3N 4DT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

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

Turnover

Turnover represents the invoiced value, net of Value Added Tax, of goods and services provided to customers.

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are subsequently stated at cost less any accumulated depreciation and impairment losses.

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:


Pier and riverworks	-	4 %	straight line
Cruiser vessels	-	5 %	straight line
Fittings fixtures and equipment	-	20 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset 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

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.

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.

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.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	278,700	276,903
	_______	_______

Deferred tax:
Origination and reversal of timing differences	( 18,839)	17,358
	_______	_______
Tax on profit	259,861	294,261
	_______	_______

6. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	30,000	2,701,479	43,650	27,230	2,802,359
Additions	-	-	2,629	-	2,629
	_______	_______	_______	_______	_______
At 31 March 2025	30,000	2,701,479	46,279	27,230	2,804,988
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	30,000	2,254,824	42,790	6,808	2,334,422
Charge for the year	-	70,767	813	6,807	78,387
	_______	_______	_______	_______	_______
At 31 March 2025	30,000	2,325,591	43,603	13,615	2,412,809
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	-	375,888	2,676	13,615	392,179
	_______	_______	_______	_______	_______
At 31 March 2024	-	446,655	860	20,422	467,937
	_______	_______	_______	_______	_______

7. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	400	400
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	400	400
	_______	_______
At 31 March 2024	400	400
	_______	_______

Investments in group undertakings
	Country of registration or incorporation	Class of share	Percentage of shares held

Participating interest
Thames River Cruises Ltd	England and Wales	Ordinary	40

8. Debtors

	2025	2024
	£	£
Trade debtors	12,849	14,656
Other debtors	1,087,839	892,884
	_______	_______
	1,100,688	907,540
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	108,221	77,668
Corporation tax	278,700	276,903
Social security and other taxes	1,764	1,636
Other creditors	28,832	26,309
	_______	_______
	427,517	392,516
	_______	_______

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,500	12,498
	_______	_______

11. Directors advances, credits and guarantees

	Balance brought forward and o/standing	Balance brought forward and o/standing
	2025	2024
	£	£
Mr R A Prentice	20,932	20,932
	_______	_______