Year Ended
Registration number:
Jesmond Dene House Ltd
Balance Sheet
31 January 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Shareholders' deficit |
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( |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 05175461
Jesmond Dene House Ltd
Notes to the Financial Statements
Year Ended 31 January 2026
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
United Kingdom
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Adoption of new and revised Financial Reporting Standards (FRS102)
The Financial Reporting Council (FRC) has introduced significant amendments to FRS 102, effective for accounting periods beginning on or after 1 January 2026, with early adoption permitted. These changes, stemming from the 2024 periodic review, aim to align UK and Ireland Generally Accepted Accounting Practice (GAAP) more closely with international standards.
After due consideration the Directors have not chosen to early adopt the requirements of FRS102. The areas that have been reviewed as a potential change to the financial statements are as follows:
Revised revenue accounting requirements in FRS 102 and FRS 105, based on the IFRS 15 five-step model for revenue recognition, with appropriate simplifications;
Revised lease accounting requirements in FRS 102 based on the IFRS 16 'on-balance sheet' model, again with appropriate simplifications.
The Directors are assessing the impact of the amendment to the accounting standard, which will be reflected in the financial statements to 31 January 2027, however do not anticipate that this will be material.
Jesmond Dene House Ltd
Notes to the Financial Statements
Year Ended 31 January 2026
Going concern
At the balance sheet date the company had net current liabilities of £2,731,073 (2025 - £2,583,187) and net liabilities of £2,323,112 (2025 - £2,228,862). Included in current liabilities is £2,857,284 (2025 - £2,790,239) due to group undertakings, under the common control of Kronen Hotels Ltd. Kronen Hotels Ltd and fellow group companies have confirmed that they do not require repayment of this balance within the next 12 months from the balance sheet date.
The company is party to a composite guarantee provided to NatWest Bank in relation to the agreement entered into between Kronen Hotels Limited and NatWest Bank, with the total outstanding balance of £14,405,732 (2025 - £14,364,500) at the year end. The guarantee agreement is in conjunction with the other group companies.
The group's ability to continue as a going concern is dependent upon both the ongoing support of its bankers and its shareholders. However, in the event that this is not forthcoming then a material uncertainty would exist with regards to the appropriateness of the going conern assertion.
After due consideration the Directors continue to apply the going concern basis to the preparation of the financial statements.
Revenue recognition
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
Accommodation revenue is recognised at the point of the customer staying in the room. Deposits received in advance of customer stays are treated as payments on account and recognised within creditors due within one year.
Food, beverage and other income is recognised at the point of sale.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Jesmond Dene House Ltd
Notes to the Financial Statements
Year Ended 31 January 2026
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and Machinery |
15% reducing balance |
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Fixtures and Fittings |
15% reducing balance |
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Office Equipment |
33% straight line |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Goodwill |
20% straight line |
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Website costs |
20% straight line |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Jesmond Dene House Ltd
Notes to the Financial Statements
Year Ended 31 January 2026
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Intercompany loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for intercompany loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Critical judgements and estimation uncertainty
In applying the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
In the opinion of the Directors there are no areas of the financial statements where there exists estimation uncertainty.
The key judgement made by the Directors relates to the appropriateness of the going concern assertion represent material uncertainties
The board has concluded that there are no material uncertainties relating to events or conditions that individually or collectively may cast doubt on the company's ability to continue as a going concern for a period at least 12 months from the date the financial statements are authorised for issue..
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Jesmond Dene House Ltd
Notes to the Financial Statements
Year Ended 31 January 2026
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Intangible assets |
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Goodwill |
Trademarks, patents and licenses |
Total |
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Cost or valuation |
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At 1 February 2025 |
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At 31 January 2026 |
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Amortisation |
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At 1 February 2025 |
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At 31 January 2026 |
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Carrying amount |
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At 31 January 2026 |
- |
- |
- |
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At 31 January 2025 |
- |
- |
- |
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Tangible assets |
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Furniture, fittings and equipment |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 February 2025 |
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Additions |
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- |
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At 31 January 2026 |
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Depreciation |
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At 1 February 2025 |
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Charge for the year |
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At 31 January 2026 |
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Carrying amount |
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At 31 January 2026 |
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At 31 January 2025 |
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Jesmond Dene House Ltd
Notes to the Financial Statements
Year Ended 31 January 2026
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Stocks |
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2026 |
2025 |
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Consumables |
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Debtors |
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Note |
2026 |
2025 |
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Trade debtors |
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Amounts owed by related parties |
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Other debtors |
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Prepayments |
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Deferred tax assets |
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Income tax asset |
- |
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Creditors |
Creditors: amounts falling due within one year
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2026 |
2025 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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Accruals and deferred income |
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Payments on account |
191,271 |
174,330 |
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Jesmond Dene House Ltd
Notes to the Financial Statements
Year Ended 31 January 2026
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Share capital |
Allotted, called up and fully paid shares
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2026 |
2025 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £Nil (2025 - £
The company has provided unlimited guarantees in respect of borrowings due to NatWest Bank from its parent company, Kronen Hotels Limited and its subsidiaries.
The total amount of guarantees not included in the balance sheet is £14,405,732 (2025 - £14,364,500).
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Related party transactions |
The company has taken advantage of the exemption provided by FRS 102 to not disclose transactions entered in to between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
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Audit report |
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
The most senior parent entity producing publicly available financial statements is
The ultimate controlling party is