CROFTPROP 1 LIMITED

Company Registration Number:
10634493 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 23 February 2017

End date: 31 March 2018

CROFTPROP 1 LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

CROFTPROP 1 LIMITED

Balance sheet

As at 31 March 2018


Notes

13 months to 31 March 2018


£
Fixed assets
Tangible assets: 2 980,507
Total fixed assets: 980,507
Current assets
Cash at bank and in hand: 14,362
Total current assets: 14,362
Creditors: amounts falling due within one year: 3 (523,880)
Net current assets (liabilities): (509,518)
Total assets less current liabilities: 470,989
Creditors: amounts falling due after more than one year:   (471,000)
Total net assets (liabilities): (11)
Capital and reserves
Called up share capital: 20
Profit and loss account: (31)
Shareholders funds: (11)

The notes form part of these financial statements

CROFTPROP 1 LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 November 2018
and signed on behalf of the board by:

Name: Walter Graeme Weeden
Status: Director

The notes form part of these financial statements

CROFTPROP 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CROFTPROP 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Tangible Assets

Total
Cost £
Additions 980,507
At 31 March 2018 980,507
Net book value
At 31 March 2018 980,507

Tangible Assets consist of Land and Buildings at cost. All costs related to the development of Land and Building are capitalised. Interest of £32,177 has been capitalised during the year.

CROFTPROP 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Creditors: amounts falling due within one year note

Included in creditors is an amount of £526 000 which is secured against Land and Buildings.Total secured £526 000Falling due within one year £315 000Included in long term creditors £211 000

CROFTPROP 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Related party transactions

CroftProp 1 Limited is 100% subsidiary of Croftlands Properties Limited whose registered address and place of business is:61 Lion LaneHaslemereGU27 1JL

CROFTPROP 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

5. Post balance sheet events

Subsequent to year end a property was sold for £601,400 net of sales commission.