0 0 Croisille Limited 06075028 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of hotel management services. Digita Accounts Production Advanced 6.30.9574.0 true false true 06075028 2024-01-01 2024-12-31 06075028 2024-12-31 06075028 bus:OrdinaryShareClass1 2024-12-31 06075028 core:CurrentFinancialInstruments 2024-12-31 06075028 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 06075028 core:PlantMachinery 2024-12-31 06075028 bus:SmallEntities 2024-01-01 2024-12-31 06075028 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06075028 bus:FilletedAccounts 2024-01-01 2024-12-31 06075028 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06075028 bus:RegisteredOffice 2024-01-01 2024-12-31 06075028 bus:Director1 2024-01-01 2024-12-31 06075028 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06075028 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06075028 bus:Agent1 2024-01-01 2024-12-31 06075028 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 06075028 core:PlantMachinery 2024-01-01 2024-12-31 06075028 countries:AllCountries 2024-01-01 2024-12-31 06075028 2023-12-31 06075028 core:PlantMachinery 2023-12-31 06075028 2023-02-01 2023-12-31 06075028 2023-12-31 06075028 bus:OrdinaryShareClass1 2023-12-31 06075028 core:CurrentFinancialInstruments 2023-12-31 06075028 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06075028 core:PlantMachinery 2023-12-31 06075028 bus:OrdinaryShareClass1 2023-02-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 06075028

Croisille Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Croisille Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Croisille Limited

Company Information

Director | S Rowe

Registered office | 114 St Martin's Lane Covent Garden London WC2N 4BE

Accountants | Bourner Bullock Chartered Accountants 114 St Martin's Lane Covent Garden London WC2N 4BE

Croisille Limited

(Registration number: 06075028)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 5 | - | 1
Investment property | 6 | 674,975 | 674,975
Investments | 7 | 11 | 11
|  | 674,986 | 674,987
Current assets |  |  |
Debtors | 8 | 270,928 | 433,376
Cash at bank and in hand |  | 43,802 | 10,858
|  | 314,730 | 444,234
Creditors: Amounts falling due within one year | 9 | (1,321,055) | (1,323,564)
Net current liabilities |  | (1,006,325) | (879,330)
Net liabilities |  | (331,339) | (204,343)
Capital and reserves |  |  |
Called up share capital | 10 | 1,000 | 1,000
Retained earnings |  | (332,339) | (205,343)
Shareholders' deficit |  | (331,339) | (204,343)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 December 2025

......................................... S Rowe Director

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
114 St Martin's Lane
Covent Garden
London
WC2N 4BE
United Kingdom

Principal activity

The principal activity of the Company is that of hotel management services.

These financial statements were authorised for issue by the director on 23 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has made a loss in the year and has net current liabilities. The company is dependent on the support of its shareholders to continue as a going concern. Confirmation of this support has been provided and the directors consider it appropriate to prepare the accounts on a going concern basis. Therefore, the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.
Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture and equipment | 25% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Financial instruments

Classification
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to/from related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Debtors

Basic financial assets, including trade and other debtors, are intially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3 | Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The value of the investment property requires judgement. The carrying amount of the investment property is £674,97 (2023: £674,975) indicating there has been no change in the fair value.

4 | Staff numbers

The average number of persons employed by the Company (including the director) during the year, was 0 (2023 - 0).

5 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 January 2024 | 7,848 | 7,848
At 31 December 2024 | 7,848 | 7,848
Depreciation
At 1 January 2024 | 7,847 | 7,847
Charge for the year | 1 | 1
At 31 December 2024 | 7,848 | 7,848
Carrying amount
At 31 December 2024 | - | -
At 31 December 2023 | 1 | 1

6 | Investment properties

| 2024 £
At 1 January | 674,975
At 31 December | 674,975

There has been no valuation of investment property by an independent valuer.

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7 | Investments

| 2024 £ | 2023 £
Investments in subsidiaries | 11 | 11

Subsidiaries | £
Carrying amount
At 31 December 2024 | 11
At 31 December 2023 | 11

8 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | - | 7,280
Amounts owed by related parties |  | 270,728 | -
Other debtors |  | 200 | 426,096
|  | 270,928 | 433,376

Croisille Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Trade creditors |  | 11,392 | 24,233
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest |  | 1,307,805 | 1,296,601
Accruals and deferred income |  | - | 2,730
Other creditors |  | 1,858 | -
|  | 1,321,055 | 1,323,564

10 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary of £1 each | 1,000 | 1,000 | 1,000 | 1,000

11 | Dividends

Final dividends paid

|  | 2024 £ |  | 2023 £
Final dividend of £Nil per each Ordinary |  | - |  | -