Cranefield Limited
Hotels and similar accommodation · London
ActiveUnited KingdomIncorporated 2016Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
−£69,438,000
Cash
£5,000
Turnover
—
Profit / loss
—
Current assets
£162,907,000
Creditors < 1 year
£232,426,000
Equity
−£69,438,000
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | −£69,438,000 | −£60,983,000 |
| Equity | −£69,438,000 | −£60,983,000 |
| Share capital | £2 | £2 |
| Retained earnings | −£69,438,000 | −£60,983,000 |
| Assets | ||
| Fixed assets | £81,000 | £81,000 |
| Investments | £81,000 | £81,000 |
| Current assets | £162,907,000 | £179,348,000 |
| Cash at bank | £5,000 | £4,000 |
| Debtors | £162,902,000 | £179,344,000 |
| Liabilities | ||
| Creditors within one year | £232,426,000 | £79,679,000 |
| Creditors after one year | — | £160,733,000 |
| Bank loans & overdrafts | £168,741,000 | — |
| Net current assets | −£69,519,000 | £99,669,000 |
| Assets less current liabilities | −£69,438,000 | £99,750,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The company's principal activity is to act as a holding company and lender to related parties. The company is the holding company of Carolia Tower Hotel Limited that operates Double Tree by Hilton Hotel London - Tower of London.
- What it does
- holding company · lender to related parties · hotel · hotel rooms · hotel services (AI keywords)
- The year
- In the year under review turnover has decreased by 0.8% (2024 - decreased by 2.6%), the principal reason for this being due to the decrease in lettable rooms towards the end of the year as a bedroom refurbishment program started, this, along with an increase in competitor hotels and increasingly difficult market conditions. Carolia Tower's reported a profit before tax of £12,456k in 2025 (2024 - £12,941k profit).
- Outlook
- The directors intend to continue to drive future development of the company by a continuing programme of stringent cost controls and aggressive marketing, which would enhance the performance of the company.
- Auditor
- BDO LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Tower Hill Holdings Limited
- Ultimate parent
- Prestmade Limited
- Ultimate controlling party
- The Paddington Trust
- Accounts
- FRS 102
- Approved
- 2026-07-31
Subsidiaries (1)
- Carolia Tower Hotel Limited · 100% · 14 Chester Terrace, London, NW1 4ND
Related parties (2)
- Carolia Tower Hotel Limited · subsidiary company · amounts receivable · £162,505,109
- Tower Hill Holdings Limited · parent company · amounts payable · £62,817,224
Borrowings (2)
- Bank loans; facilities include several financial covenants, being yield on debt and loan to value measured on the results of the subsidiary. Facilities A and B are due for final repayment in November 2026. · 168,741 (000s) · commercial rates · Facilities A and B are due for final repayment in November 2026. · secured on secured on the freehold property of the subsidiary and guaranteed by the subsidiary
- Loan from the parent undertaking · from Tower Hill Holdings Limited · 62,817 (000s) · interest free · repayable on demand
Shares issued in the year (1)
- 2 ordinary
Share classes (1)
- 2 ordinary of £1 each
Principal risks (7)
- interest rate exposure on third-party debt
- the recoverable amount of intercompany receivables
- loss of profitability due to cost of living crisis impacting demand for rooms and services and rising costs of wages and supplies
- wider economic conditions impacting supply chain and human capital availability, energy prices and consumer spending
- ongoing conflicts in Ukraine and Middle East
- exposure to rising interest rates and the impact this has on debt service
- compliance with and the impacts this may have on liquidity
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2016-11-30
—
Outstanding