Company Registration No. 04507591 (England and Wales)
Cross Rail Hotels Limited
Unaudited accounts
for the year ended 31 August 2025
Cross Rail Hotels Limited
Unaudited accounts
Contents
Cross Rail Hotels Limited
Company Information
for the year ended 31 August 2025
Company Number
04507591 (England and Wales)
Registered Office
St Georges Quarter
New North Parade
Huddersfield
HD1 5JP
Accountants
Smart Accounts & Tax Ltd
Bay Hall
Miln Road Birkby
Huddersfield
West Yorkshire
HD1 5EJ
Cross Rail Hotels Limited
Statement of financial position
as at 31 August 2025
Investment property
1,712,222
1,712,222
Creditors: amounts falling due within one year
(1,229,542)
(1,206,067)
Net current liabilities
(1,024,823)
(1,010,269)
Total assets less current liabilities
687,399
701,953
Creditors: amounts falling due after more than one year
(192,165)
(211,546)
Net assets
495,234
490,407
Called up share capital
1
1
Profit and loss account
495,233
490,406
Shareholders' funds
495,234
490,407
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2026 and were signed on its behalf by
S H Jan
Director
Company Registration No. 04507591
Cross Rail Hotels Limited
Notes to the Accounts
for the year ended 31 August 2025
Cross Rail Hotels Limited is a private company, limited by shares, registered in England and Wales, registration number 04507591. The registered office and principal place of business is St Georges Quarter, New North Parade, Huddersfield, HD1 5JP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Cross Rail Hotels Limited
Notes to the Accounts
for the year ended 31 August 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual
provisions of the instrument.
Financial assets and liabilities are offset, with 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 method 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.
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 company 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 payments 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.
Equity instruments issued by the company 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 company.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
Cross Rail Hotels Limited
Notes to the Accounts
for the year ended 31 August 2025
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is 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.
Fair value at 1 September 2024
1,712,222
At 31 August 2025
1,712,222
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. FRS 102 requires that subsequently it is measured at fair value at the reporting end date, The director considers that to comply with this requirement would involve unjustifiable expense and investment property is continuing to be stated at cost. The director acknowledges that this treatment is not in compliance with FRS102.
Amounts falling due within one year
Trade debtors
199,221
190,300
Accrued income and prepayments
498
498
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
19,382
17,554
Taxes and social security
50,513
66,448
Other creditors
1,063,265
1,037,831
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
192,165
211,546
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Cross Rail Hotels Limited
Notes to the Accounts
for the year ended 31 August 2025
9
Transactions with related parties
Transactions with director
The director's loan account included in other creditors in the amounts of £788,542 (2024: £808,917) is unsecured, repayable on demand and currently interest free.
Other Creditors due with in one year includes loan of 31 August 2025 £187,743 (2024: £187,743) due to Energy Plus Limited. Energy Plus Limited is beneficially owned by a relative of the director. This loan is unsecured, repayable on demand and interest is charged at the bank base rate plus 1.5%. The interest charge for the year is £11,147 (2024: £12,633). Interest accrued at 31 August 2025 totalled £92,250 (2024: £81,103).
Other creditors includes £36,980 (2024: £36,980) due to Zillion Energy DMCC. Zillion Energy DMCC is owned by a relative of the director. This loan is unsecured, repayable on demand and interest free.
Included in debtors is a loan of £199,221 (2024: £190,300) due from HD1 Developments Limited, a company under common control. This loan is unsecured, repayable on demand and interest free.
At 31 August 2025 the company was controlled by Mr S H Jan.
11
Average number of employees
During the year the average number of employees was 2 (2024: 1).