REGISTERED NUMBER: 12485168 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CROWNS VENUES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

P Fossey

J M Kensett

H F Pomery

S N Pomery

REGISTERED OFFICE:

Tottington Manor Hotel

Edburton Road

Edburton

Henfield

West Sussex

BN5 9LJ

REGISTERED NUMBER:

12485168 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

287,648

249,146

287,649

249,147

CURRENT ASSETS

Stocks

14,950

13,000

Debtors

6

48,263

38,586

Cash at bank and in hand

36,780

32,623

99,993

84,209

CREDITORS

Amounts falling due within one year

7

356,668

348,138

NET CURRENT LIABILITIES

(256,675

)

(263,929

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,974

(14,782

)

CREDITORS

Amounts falling due after more than one year

8

-

(5,324

)

PROVISIONS FOR LIABILITIES

(39,573

)

(37,287

)

NET LIABILITIES

(8,599

)

(57,393

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(8,603

)

(57,397

)

(8,599

)

(57,393

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

S N Pomery - Director

1.	STATUTORY INFORMATION

Crowns Venues Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

20% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2024

100,001

33,342

63,459

Additions

-

58,935

8,461

At 31 December 2024

100,001

92,277

71,920

DEPRECIATION

At 1 January 2024

1

10,638

29,412

Charge for year

-

18,575

10,627

At 31 December 2024

1

29,213

40,039

NET BOOK VALUE

At 31 December 2024

100,000

63,064

31,881

At 31 December 2023

100,000

22,704

34,047

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

173,131

13,702

383,635

Additions

27,032

5,401

99,829

At 31 December 2024

200,163

19,103

483,464

DEPRECIATION

At 1 January 2024

82,148

12,290

134,489

Charge for year

29,504

2,621

61,327

At 31 December 2024

111,652

14,911

195,816

NET BOOK VALUE

At 31 December 2024

88,511

4,192

287,648

At 31 December 2023

90,983

1,412

249,146

Leasehold property of £100,000 relates to monies paid in relation to an Option to Buy agreement for the property in 2026.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Trade debtors

5,000

12,754

Other debtors

32,763

7,071

Directors' loan accounts

-

4,179

Prepayments

10,500

14,582

48,263

38,586

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Bank loans and overdrafts

5,605

10,648

Trade creditors

75,136

79,577

Tax

168

53

Social security and other taxes

70,496

63,453

VAT

147,073

128,221

Other creditors

53,636

16,089

Directors' loan accounts

1,055

48,522

Accrued expenses

3,499

1,575

356,668

348,138

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Bank loans - 1-2 years

-

5,324

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

as restated

£

£

Within one year

45,000

45,000

Between one and five years

22,500

67,500

67,500

112,500

10.	RELATED PARTY DISCLOSURES

At the year end £1.055 was owed to the Directors with no terms attached.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crowns Venues Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Crowns Venues Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crowns Venues Ltd and state those matters that we have agreed to state to the Board of Directors of Crowns Venues Ltd, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crowns Venues Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Crowns Venues 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 Crowns Venues Ltd. You consider that Crowns Venues 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 Crowns Venues 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.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

22 December 2025