| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2025 |
| for |
| Crest Hotels 1 Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2025 |
| for |
| Crest Hotels 1 Limited |
| Crest Hotels 1 Limited (Registered number: 13711544) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Crest Hotels 1 Limited |
| Company Information |
| for the Year Ended 31 December 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Crest Hotels 1 Limited (Registered number: 13711544) |
| Balance Sheet |
| 31 December 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Crest Hotels 1 Limited (Registered number: 13711544) |
| Balance Sheet - continued |
| 31 December 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Crest Hotels 1 Limited (Registered number: 13711544) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2025 |
| 1. | STATUTORY INFORMATION |
| Crest Hotels 1 Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The company's main place of business is the Park House Hotel, Park Street, Shifnal, Shropshire TF11 9BA. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The company undertook a significant refurbishment project in the 2024 and 2025 which has temporarily reduced profitability and has resulted in net current liabilities. Based on prepared budgets and forecasts, the directors are of the opinion that the company's trading position will improve in 2026 and the company is a going concern with the accounts prepared on that basis. |
| 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 probably 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. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Crest Hotels 1 Limited (Registered number: 13711544) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| 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. |
| Crest Hotels 1 Limited (Registered number: 13711544) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 company's 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 January 2025 |
| and 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| Crest Hotels 1 Limited (Registered number: 13711544) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and |
| property | fittings | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 January 2025 |
| Additions |
| At 31 December 2025 |
| DEPRECIATION |
| At 1 January 2025 |
| Charge for year |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| Included in cost or valuation of land and buildings is freehold land of £ 500,000 (2024 - £ 500,000 ) which is not depreciated. |
| The property was revalued at £3.2M as a fully trading operational entity on 1 December 2023 by independent MRICS valuers. |
| Cost or valuation at 31 December 2025 is represented by: |
| Fixtures |
| Freehold | and |
| property | fittings | Totals |
| £ | £ | £ |
| Valuation in 2023 | 554,184 | - | 554,184 |
| Cost | 2,388,746 | 558,600 | 2,947,346 |
| 2,942,930 | 558,600 | 3,501,530 |
| If the property had not been revalued it would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 2,388,746 | 2,373,861 |
| Aggregate depreciation | 77,389 | 39,792 |
| Value of land in freehold land and buildings | 500,000 | 500,000 |
| Crest Hotels 1 Limited (Registered number: 13711544) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| VAT | 72,587 | 81,335 |
| Other creditors |
| Directors' current accounts | 19,900 | 19,900 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans - 2-5 years |
| Other loans - 2-5 years |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Other loans |
| The company is subject to a debenture and legal charge secured over the assets of the company and cross-guarantee with two other companies that are owned by the directors. |
| 10. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 15,533 | 209,977 |
| Crest Hotels 1 Limited (Registered number: 13711544) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 10. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2025 |
| Credit to Income Statement during year | ( |
) |
| Balance at 31 December 2025 |
| The deferred tax provision is calculated at 25%. This comprises timing differences on accelerated capital allowances of £83,812 and a deferred tax provision of £120,439 on the 2023 revaluation of the property less a deferred tax asset provision for tax losses of £188,718. |
| 11. | PENSION COMMITMENTS |
| At the year end the company's outstanding pension contributions payable amounted to £1,872 (2024: £2,446) |
| 12. | RELATED PARTY DISCLOSURES |
| Included within other creditors within one year are loans amounting to £934,225 (2024: £1,081,696) owed to other companies that are owned by the directors. Management and administrative services were charged to these companies overall of £31,200 (2024: £128,000 due from other companies). |
| Included within other loans due after one year is a loan of £579,520 (2024: £579,520 due to a company that is owned by the directors which is subject to a sub-ordination agreement in connection with this company's bank loan. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling parties are the directors. |