Crewe Hotel Trading Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07737635 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

CREWE HOTEL TRADING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P E Wildes

M A Wildes

REGISTERED OFFICE:

Holiday Inn Express

The Kings Gap

Hoylake

Wirral

CH47 1HE

REGISTERED NUMBER:

07737635 (England and Wales)

SENIOR STATUTORY AUDITOR:

Michael Caputo FCA

AUDITORS:

McLintocks Partnership Limited

Chartered Accountants

Statutory Auditors

2 Hilliards Court

Chester Business Park

Chester

Cheshire

CH4 9PX

FIXED ASSETS

Tangible assets

4

53,379

110,687

CURRENT ASSETS

Stocks

2,123

2,622

Debtors

5

931,660

681,344

Cash at bank and in hand

9,146

8,413

942,929

692,379

CREDITORS

Amounts falling due within one year

6

257,106

255,626

NET CURRENT ASSETS

685,823

436,753

TOTAL ASSETS LESS CURRENT LIABILITIES

739,202

547,440

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

739,201

547,439

SHAREHOLDERS' FUNDS

739,202

547,440

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 February 2019 and were signed on its behalf by:

P E Wildes - Director

1.	STATUTORY INFORMATION

Crewe Hotel Trading 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 (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The directors have prepared cash flow forecasts for the company for a period of 12 months

from the date of approval of these financial statements and have a reasonable expectation

that the company can continue to meet its liabilities as they fall due. On this basis, the

directors consider it appropriate to prepare the financial statements on the going concern

basis.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make

judgement, estimates and assumptions about the carrying amount 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 where the

revision affects only that period, or in the period of the revision and future periods where the

revision affects both current and future periods.

Income

Income is recognised to the extent that it is probable that the economic benefits will flow to

the company and the revenue can be reliably measured once the goods or services are

provided to the customer. The income received or receivable excludes discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on cost and at varying rates on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

Debtors

Debtors are recognised at the settlement amount due after any trade discounts offered.

Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank

Cash at bank and cash in hand includes cash and short term deposits.

Creditors and Provisions

Creditors and provisions are recognised where the company has a present obligation

resulting from a past event that will probably result in the transfer of funds to a third party

and the amount due to settle the obligation can be measured or estimated reliably. Creditors

and provisions are normally recognised at their settlement amount after allowing for any

trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2017 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

538,501

Additions

21,609

Disposals

(308,011

)

At 31 March 2018

252,099

DEPRECIATION

At 1 April 2017

427,814

Charge for year

38,917

Eliminated on disposal

(268,011

)

At 31 March 2018

198,720

NET BOOK VALUE

At 31 March 2018

53,379

At 31 March 2017

110,687

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

22,538

21,354

Amounts owed by group undertakings

892,434

522,839

Other debtors

16,688

137,151

931,660

681,344

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

114,713

94,166

Taxation and social security

73,660

30,313

Other creditors

68,733

131,147

257,106

255,626

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Caputo FCA (Senior Statutory Auditor)

for and on behalf of McLintocks Partnership Limited

8.	RELATED PARTY DISCLOSURES

During the year the following transactions were entered into with companies in which Mr P E

Wildes held an interest:-

During the year rents amounting to £90,000 (2017 - £125,000) were charged by its

immediate parent company, Crewe Hotel (Guernsey) Limited. At 31 March 2018, £209,164

was owed to Crewe Hotel (Guernsey) Limited (2017 - £327,758 was due from Crewe Hotel

Guernsey)

At March 2018 a loan of £73,660 was advanced to Kings Gap Trading Limited (2017 -

£58,692 was due to Kings Gap Trading Limited).

At March 2018 a loan of £704,802 was advanced to Wildes Branded Hotels Limited (formally

P Wildes Group Limited) (2017 - £13,124).

At March 2018 a loan of £323,136 was advanced to Wildes Investment Group (2017 -

£240,648).

Included in creditors is a directors loan of £nil (2017 - £31,204) due to Mr P Wildes.

9.	PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

The immediate parent company of Crewe Hotel Trading Limited is Crewe Hotel (Guernsey)

Limited, a company registered in Guernsey, who itself is 100% owned by Wildes Branded

Hotels, a company incorporated in England and Wales. Wildes Branded Hotels is 100%

owned by P Wildes Group Limited.

The ultimate controlling party of P Wildes Group Limited is P E Wildes.

The registered address of P Wildes Group Limited is Van Dyk Hotel, Worksop Road,

Clowne, Chesterfield, England, S43 4TD.