REGISTERED NUMBER: 04458284 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Crest Hotels (Knowsley) 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:

04458284 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,710,260

5,850,290

5,710,260

5,850,290

CURRENT ASSETS

Stocks

7,776

9,071

Debtors

6

1,664,573

1,589,189

Cash at bank and in hand

80,355

81,786

1,752,704

1,680,046

CREDITORS

Amounts falling due within one year

7

3,074,550

548,260

NET CURRENT (LIABILITIES)/ASSETS

(1,321,846

)

1,131,786

TOTAL ASSETS LESS CURRENT LIABILITIES

4,388,414

6,982,076

CREDITORS

Amounts falling due after more than one year

8

-

(2,611,745

)

PROVISIONS FOR LIABILITIES

10

(148,653

)

(175,250

)

NET ASSETS

4,239,761

4,195,081

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

2,398,635

2,444,974

Retained earnings

1,841,026

1,750,007

SHAREHOLDERS' FUNDS

4,239,761

4,195,081

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

Crest Hotels (Knowsley) 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 Knowsley Business Park, Ribblers Ln, Knowsley, Liverpool L34 9HA.

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. 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.

Goodwill

Goodwill being the amount paid in connection with the acquisition of a business in 2002, has been amortised evenly over its estimated useful life of 4 years.

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.

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.

Pension costs and other post-retirement benefits

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

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 29 (2024 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

400,000

AMORTISATION

At 1 January 2025

and 31 December 2025

400,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

5,703,367

862,462

6,565,829

Additions

-

23,714

23,714

At 31 December 2025

5,703,367

886,176

6,589,543

DEPRECIATION

At 1 January 2025

99,068

616,471

715,539

Charge for year

99,067

64,677

163,744

At 31 December 2025

198,135

681,148

879,283

NET BOOK VALUE

At 31 December 2025

5,505,232

205,028

5,710,260

At 31 December 2024

5,604,299

245,991

5,850,290

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

1,129,795

-

1,129,795

Valuation in 2018

1,187,145

-

1,187,145

Cost

3,386,427

886,176

4,272,603

5,703,367

886,176

6,589,543

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

2025

2024

£

£

Cost

3,386,427

3,386,427

Aggregate depreciation

391,294

338,566

The freehold property was revalued at £6M as a fully operational entity on 31 December 2023 by independent qualified MRICS valuers. The directors are of the opinion its carrying value at 31 December 2025 is not materially different to its market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

43,523

14,285

Amounts owed by group undertakings

1,321,691

1,341,200

Other debtors

278,261

212,936

Prepayments and accrued income

21,098

20,768

1,664,573

1,589,189

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,812,909

331,989

Trade creditors

66,113

32,745

Social security and other taxes

22,644

24,976

VAT

51,819

47,822

Other loans

2,286

-

Other creditors

82,280

52,506

Accrued expenses

36,499

58,222

3,074,550

548,260

The company's bank loan is subject to periodic covenant tests. At the year end the company was in breach of one out of three of these tests. Therefore, in accordance with accounting standard requirements, the bank loan has been reclassified as due in less than one year rather than in accordance with its expiry term of 1-2 years. The directors have discussed the performance of the company with the bank and no additional terms have been applied. The directors are satisfied that the company continues to be supported by the bank. In addition, the company has the support of the wider Crest Group if required.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

331,989

Bank loans - 2-5 years

-

2,279,756

-

2,611,745

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

2,812,909

2,943,734

Bank borrowings are secured by way of a fixed and floating charge over all assets of the company.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

148,653

175,250

Deferred

tax

£

Balance at 1 January 2025

175,250

Credit to Income Statement during year

(26,597

)

Balance at 31 December 2025

148,653

Deferred tax is provided at 25% and represents temporary timing differences between depreciation and capital allowances of £33,231 and potential deferred taxation of £115,422 on the property revaluation after allowing for cost and indexation where applicable.

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 £3,085 (2024: £1,445)

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 £277,793 (2024: £212,468) 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.