REGISTERED NUMBER: 15047094 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Crest Hotels (Tenby) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G S Brar

P Singh

REGISTERED OFFICE:

Crest Hotels Group

Arnos Manor Hotel

470 Bath Road

Bristol

Avon

BS4 3HQ

REGISTERED NUMBER:

15047094 (England and Wales)

FIXED ASSETS

Intangible assets

4

3

3

Tangible assets

5

3,418,751

1,960,427

Investments

6

100

100

3,418,854

1,960,530

CURRENT ASSETS

Stocks

12,163

6,989

Debtors

7

52,076

234,392

Cash at bank

37,173

29,523

101,412

270,904

CREDITORS

Amounts falling due within one year

8

2,589,562

1,851,194

NET CURRENT LIABILITIES

(2,488,150

)

(1,580,290

)

TOTAL ASSETS LESS CURRENT LIABILITIES

930,704

380,240

CREDITORS

Amounts falling due after more than one year

9

2,132,196

609,514

NET LIABILITIES

(1,201,492

)

(229,274

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,201,592

)

(229,374

)

(1,201,492

)

(229,274

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 (Tenby) 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 main place of business is the Imperial Hotel, The Paragon,Tenby SA70 7HR.

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.

Going concern

The company commenced trading in May 2024 and bank facilities of £2.275M were agreed in May 2024 with significant refurbishments carried out in 2024 and 2025 which have temporarily reduced profitability. Based on prepared budgets and forecasts the directors have a reasonable expectation that the company will have sufficient resources to meet its obligations and the accounts are prepared on a going concern basis.

Turnover

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

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.

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, fittings & equipment

-

25% on reducing balance

Freehold land is not depreciated.

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 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 23 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

3

NET BOOK VALUE

At 31 December 2025

3

At 31 December 2024

3

5.	TANGIBLE FIXED ASSETS

Fixtures,

Freehold

fittings

property

& equipment

Totals

£

£

£

COST

At 1 January 2025

1,453,720

522,819

1,976,539

Additions

653,293

1,153,997

1,807,290

At 31 December 2025

2,107,013

1,676,816

3,783,829

DEPRECIATION

At 1 January 2025

16,112

-

16,112

Charge for year

35,797

313,169

348,966

At 31 December 2025

51,909

313,169

365,078

NET BOOK VALUE

At 31 December 2025

2,055,104

1,363,647

3,418,751

At 31 December 2024

1,437,608

522,819

1,960,427

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2025

and 31 December 2025

100

NET BOOK VALUE

At 31 December 2025

100

At 31 December 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,146

936

Directors' current accounts

100

100

VAT

-

92,778

Prepayments and accrued income

43,830

140,578

52,076

234,392

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

131,822

21,969

Trade creditors

153,497

206,425

Social security and other taxes

28,063

20,949

VAT

49,225

-

Other creditors

2,171,020

1,535,862

Accrued expenses

55,935

65,989

2,589,562

1,851,194

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

131,819

131,819

Bank loans - 2-5 years

450,377

376,350

Bank loans more 5 yrs non-inst

1,550,000

101,345

2,132,196

609,514

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,550,000

101,345

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

2,264,018

631,483

11.	PENSION COMMITMENTS

At the year end the company's outstanding pension contributions payable amounted to £2,225 (2024: £2,035)

12.	RELATED PARTY DISCLOSURES

Within other creditors are loans amounting to £2,114,180 (2024: £1,504,914) due to other companies that are owned by the directors.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.