REGISTERED NUMBER: 02082891 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Almondsbury Interchange Hotels Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G S Brar

P Singh

SECRETARY:

G S Brar

REGISTERED OFFICE:

Crest Hotels Group

Arnos Manor Hotel

470 Bath Road

Bristol

Somerset

BS4 3HQ

REGISTERED NUMBER:

02082891 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,670,809

3,851,773

CURRENT ASSETS

Stocks

10,320

8,081

Debtors

5

119,324

43,300

Cash at bank

17,352

68,915

146,996

120,296

CREDITORS

Amounts falling due within one year

6

740,952

816,840

NET CURRENT LIABILITIES

(593,956

)

(696,544

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,076,853

3,155,229

CREDITORS

Amounts falling due after more than one year

7

(1,252,771

)

(1,303,747

)

PROVISIONS FOR LIABILITIES

10

(96,714

)

(124,343

)

NET ASSETS

1,727,368

1,727,139

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

2,091,308

2,122,378

Retained earnings

(364,040

)

(395,339

)

SHAREHOLDERS' FUNDS

1,727,368

1,727,139

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 30 June 2026 and were signed on its behalf by:

G S Brar - Director

P Singh - Director

1.	STATUTORY INFORMATION

Almondsbury Interchange Hotels Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's principal place of business is 6 Gloucester Rd, Almondsbury, Bristol BS32 4AA.

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 as modified by the revaluation of certain assets.

Going Concern

The company is part of the Crest Hotels Group. After a period of significant refurbishment which temporarily affected profitability the trading is improving significantly. The financial statements have been prepared on the going concern basis which assumes that the group and company will continue in operational existence for the foreseeable future. The directors have reviewed the working capital requirements of the group and the company for at least 12 months from the anticipated date of signing the financial statements and are satisfied that the group and company will be able to meet its liabilities as they fall due.

Turnover

Turnover is recognised when the significant risks and rewards of the goods and services provided are transferred to the buyer, the amount of turnover can be measured reliably and it is probable that the economic benefits associated with the rendering transaction will flow to the company.

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Turnover for the company comprises of the following streams:

1) Sale of goods - Turnover from the sale of food and beverages is recognised at the point of sale.

2) Rendering of services - Turnover from room sales and other guest services is recognised when rooms are occupied and as services are provided.

Fixed assets

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

Freehold property

-

2% on straight line basis

Fixtures and fittings

-

25% on reducing balance

Freehold land is not depreciated.

The company has a policy of revaluation for its freehold property in accordance with FRS 102 section 17.

Freehold Property is stated in the balance sheet at its revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the balance sheet.

All fixed assets are initially recorded at cost. Expenditures incurred after the fixed assets have been put into operation, such as repairs and maintenance and overhaul costs, are normally charged to the profit and loss account in the period in which the costs are incurred. In situations where it can be clearly demonstrated that the expenditures have resulted in an increase in the future economic benefits expected to be obtained from the use of the item of property and equipment beyond its originally assessed standard of performance, the expenditures are capitalised as an additional cost of property and equipment.

Subsequent additions and major components

Subsequent costs are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the company and the cost can be measured reliably.

The carrying amount of any replaced component is derecognised. Major components are treated as a separate asset when they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life.

Derecognition

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

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

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

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

3,399,883

1,138,932

4,538,815

Additions

-

10,054

10,054

At 31 December 2025

3,399,883

1,148,986

4,548,869

DEPRECIATION

At 1 January 2025

95,835

591,207

687,042

Charge for year

52,992

138,026

191,018

At 31 December 2025

148,827

729,233

878,060

NET BOOK VALUE

At 31 December 2025

3,251,056

419,753

3,670,809

At 31 December 2024

3,304,048

547,725

3,851,773

Included in cost or valuation of land and buildings is freehold land of £ 750,000 (2024 - £ 750,000 ) which is not depreciated.

Cost or valuation at 31 December 2025 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2023

93,942

-

93,942

Valuation in 2016

1,984,989

-

1,984,989

Cost

1,320,952

1,148,986

2,469,938

3,399,883

1,148,986

4,548,869

If freehold property had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,320,952

1,320,952

Aggregate depreciation

153,487

142,068

The property was revalued on 13 March 2023 at £3,700,000 by MRICS valuers as a fully trading operational entity. The directors are of the opinion its carrying value at 31 December 2025 is not materially different to its market value.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,881

4,941

Other debtors

104,584

29,100

Prepayments and accrued income

9,859

9,259

119,324

43,300

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

37,000

37,000

Trade creditors

37,705

35,006

Amounts owed to group undertakings

519,775

607,148

Corporation tax

28,845

18,204

Social security and other taxes

13,649

13,056

VAT

37,271

31,674

Other creditors

31,950

32,696

Accruals & deferred income

34,757

42,056

740,952

816,840

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

37,000

37,000

Bank loans - 2-5 years

1,215,771

111,000

Bank loans more 5 yr by instal

-

155,747

Bank loans more 5 yrs non-inst

-

1,000,000

1,252,771

1,303,747

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

1,000,000

Repayable by instalments

Bank loans more 5 yr by instal

-

155,747

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

32,539

32,539

Between one and five years

13,795

46,334

46,334

78,873

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,289,771

1,340,747

A fixed and floating charge is secured against the freehold property and against all company property and undertakings.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

96,714

124,343

Deferred

tax

£

Balance at 1 January 2025

124,343

Credit to Income Statement during year

(27,629

)

Balance at 31 December 2025

96,714

Deferred tax is provided at 25% and represents temporary timing differences between depreciation and capital allowances. It is considered that due to accumulated property costs and available indexation allowances that there is no deferred tax provision required in respect of the revaluation of the property.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Black (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

12.	PENSION COMMITMENTS

At the year end the company's outstanding pension contributions payable amounted to £982 (2024: £1,095)

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Within other debtors are loans of £104,311 (2024: £29,100) owed by companies outside the group that are owned by the directors.

14.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors who are also directors of and own 100% of the share capital of the ultimate parent company Crest Group Limited.

The consolidated financial statements of Crest Group Limited are available from Companies House.