CROWN_LODGE_SECURITIES_LI - Accounts

CROWN LODGE SECURITIES LIMITED - Company Information

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Company Registration No. 03237902 (England and Wales)

CROWN LODGE SECURITIES LIMITED

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

CROWN LODGE SECURITIES LIMITED

COMPANY INFORMATION

Director

G T Lever

Secretary

T J Prosser

Company number

03237902

Registered office

189-193 Earls Court Road

London

SW5 9AN

Accountants

Terry Prosser Accounting Solutions Limited

2 Hopkins Mead

Chelmsford

Essex

CM2 6SS

Business address

189-193 Earls Court Road

London

SW5 9AN

Solicitors

Cornerstone Law

Building 7

Queens Park

Queensway

Team Valley

Gateshead

NE11 0QD

CROWN LODGE SECURITIES LIMITED

CONTENTS

Page

Director's report

Profit and loss account

Balance sheet

Notes to the financial statements

4 - 5

CROWN LODGE SECURITIES LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2016

- 1 -

The director presents his report and financial statements for the year ended 31 December 2016.

Principal activities

The principal activity continued to be that of a property investment company.

Director

The following director has held office since 1 January 2016:

G T Lever

Statement of director's responsibilities

The director is responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

By order of the board

T J Prosser

Secretary

10 April 2017

CROWN LODGE SECURITIES LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2016

- 2 -

2016

2015

Notes

Turnover

74,640

Administrative expenses

(75,415)

(75,407)

Loss on ordinary activities before taxation

(775)

(767)

Tax on loss on ordinary activities

Loss for the year

(775)

(767)

CROWN LODGE SECURITIES LIMITED

BALANCE SHEET

AS AT

31 DECEMBER 2016

- 3 -

2016

2015

Notes

Current assets

Debtors

87,868

88,630

Creditors: amounts falling due within one year

(56,794)

(56,781)

Total assets less current liabilities

31,074

31,849

Capital and reserves

Called up share capital

1,000

Profit and loss account

30,074

30,849

Shareholders' funds

31,074

31,849

For the financial year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the Board for issue on 10 April 2017

G T Lever

Director

Company Registration No. 03237902

CROWN LODGE SECURITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents rents receivable.

1.3

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

Taxation

On the basis of these financial statements no provision has been made for corporation tax.

Debtors

2016

2015

Amounts owed by group undertakings and undertakings in which the company has a participating interest

31,837

32,599

Other debtors

56,031

87,868

88,630

Creditors: amounts falling due within one year

2016

2015

Other creditors

56,794

56,781

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

CROWN LODGE SECURITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2016

- 5 -

Statement of movements on profit and loss account

Profit and loss
account

Balance at 1 January 2016

30,849

Loss for the year

(775)

Balance at 31 December 2016

30,074

Control

The immediate parent undertaking and controlling party is David Kirch Holdings Limited, a company incorporated in Jersey.

The ultimate parent undertaking is The David Kirch Charitable Trust, situated in Jersey. The David Kirch Charitable Trust is controlled by the board of trustees.

The David Kirch Charitable Trust prepares group financial statements and copies can be obtained by writing to The Octagon, Le Mont De Gouray, St. Martin, Jersey, JE3 6ET.

Related party relationships and transactions

Amounts owed by group undertakings, per note 3, are due from a group company, Channel Hotels & Properties Limited. At 31 December 2016 the total amount due from Channel Hotels & Properties Limited was £31,837 (2015: £32,599).