REGISTERED NUMBER: 10153667 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Crest Hotels (Bristol) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Singh

G S Brar

REGISTERED OFFICE:

Crest Hotels Group

Arnos Manor Hotel

470 Bath Road

Bristol

Somerset

BS4 3HQ

REGISTERED NUMBER:

10153667 (England and Wales)

FIXED ASSETS

Tangible assets

4

5,364,155

5,187,334

Investments

5

1

1

5,364,156

5,187,335

CURRENT ASSETS

Debtors

6

1,734,903

1,658,767

Cash at bank

37,638

52,224

1,772,541

1,710,991

CREDITORS

Amounts falling due within one year

7

92,847

146,733

NET CURRENT ASSETS

1,679,694

1,564,258

TOTAL ASSETS LESS CURRENT LIABILITIES

7,043,850

6,751,593

CREDITORS

Amounts falling due after more than one year

8

(3,110,400

)

(3,142,800

)

PROVISIONS FOR LIABILITIES

10

(655,403

)

(655,403

)

NET ASSETS

3,278,047

2,953,390

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

2,363,633

2,154,712

Retained earnings

914,413

798,677

SHAREHOLDERS' FUNDS

3,278,047

2,953,390

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 (Bristol) 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 principal place of business is 470 Bath Road, Arnos Vale, Bristol BS4 3HQ.

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.

Preparation of consolidated financial statements

The financial statements contain information about Crest Hotels (Bristol) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Crest Group Limited, Arnos Manor Hotel, 470 Bath Road, Bristol BS4 3HQ.

Turnover

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

Turnover represents the total invoice value, excluding value added tax, of rental income form operating leases received during the year.

Turnover is recognised on a straight-line basis over the term of the operating lease (Net of any incentives given to the lesees).

Turnover for the company comprises solely of rent receivable from Arnos Manor Hotel Limited (a wholly owned subsidiary) which it recognises on an accruals basis.

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

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any impairment.

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.

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 January 2025

5,400,000

Additions

833

At 31 December 2025

5,400,833

DEPRECIATION

At 1 January 2025

212,666

Charge for year

88,011

Revaluation adjustments

(263,999

)

At 31 December 2025

36,678

NET BOOK VALUE

At 31 December 2025

5,364,155

At 31 December 2024

5,187,334

Included in cost or valuation of land and buildings is freehold land of £ 1,000,000 (2024 - £ 1,000,000 ) which is not depreciated.

Cost or valuation at 31 December 2025 is represented by:

Freehold

property

£

Valuation in 2025

2,753,919

Cost

2,646,914

5,400,833

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

2025

2024

£

£

Cost

2,646,914

2,646,081

Aggregate depreciation

334,722

268,862

Value of land in freehold land and buildings

1,000,000

1,000,000

The freehold property was revalued at £5,400,000 on 5 August 2025 by qualified MRICS valuers. As this is unchanged from the previous 2022 valuation, the 2025 revaluation comprises adjustments in relation to depreciation only to restore the valuation.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2025

and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Arnos Manor Hotel limited

Registered office: 470 Bath Road, Bristol, Somerset, BS4 3HQ

Nature of business: Hoteliers

%

Class of shares:

holding

Ordinary

100.00

2025

2024

£

£

Aggregate capital and reserves

224,328

295,687

Loss for the year

(71,359

)

(20,257

)

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

1,202,896

1,525,582

VAT

2,250

-

Prepayments and accrued income

395,000

-

1,600,146

1,525,582

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

134,757

133,185

Aggregate amounts

1,734,903

1,658,767

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

32,400

32,400

Corporation tax

28,845

4,299

VAT

-

77,092

Accrued expenses

31,602

32,942

92,847

146,733

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

32,400

32,400

Bank loans - 2-5 years

3,078,000

3,110,400

3,110,400

3,142,800

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

3,142,800

3,175,200

Bank borrowings are secured by way of a fixed and floating charge over all of the assets of the company and its immediate subsidiary, Arnos Manor Hotel Limited.

10.	PROVISIONS FOR LIABILITIES

Deferred Tax

£

Balance at 1/1/2025

655,403

Balance at 31/12/2025

655,403

The deferred taxation provision relates to the potential deferred tax on the revaluation of the property less original cost.

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.	CONTINGENT LIABILITIES

The company and its subsidiary are subject to a guarantee in respect of a bank loan of £1.5M to a company outside the group that is owned by the directors.

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.

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.