Caseware UK (AP4) 2021.0.152 2021.0.152 2022-02-282022-02-28182021-03-01falseNo description of principal activity16falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10550537 2021-03-01 2022-02-28 10550537 2020-03-01 2021-02-28 10550537 2022-02-28 10550537 2021-02-28 10550537 c:Director1 2021-03-01 2022-02-28 10550537 d:Buildings d:LongLeaseholdAssets 2021-03-01 2022-02-28 10550537 d:Buildings d:LongLeaseholdAssets 2022-02-28 10550537 d:Buildings d:LongLeaseholdAssets 2021-02-28 10550537 d:Buildings d:ShortLeaseholdAssets 2021-03-01 2022-02-28 10550537 d:PlantMachinery 2021-03-01 2022-02-28 10550537 d:PlantMachinery 2022-02-28 10550537 d:PlantMachinery 2021-02-28 10550537 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 10550537 d:MotorVehicles 2021-03-01 2022-02-28 10550537 d:MotorVehicles 2022-02-28 10550537 d:MotorVehicles 2021-02-28 10550537 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 10550537 d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 10550537 d:CurrentFinancialInstruments 2022-02-28 10550537 d:CurrentFinancialInstruments 2021-02-28 10550537 d:Non-currentFinancialInstruments 2022-02-28 10550537 d:Non-currentFinancialInstruments 2021-02-28 10550537 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 10550537 d:CurrentFinancialInstruments d:WithinOneYear 2021-02-28 10550537 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 10550537 d:Non-currentFinancialInstruments d:AfterOneYear 2021-02-28 10550537 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 10550537 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-02-28 10550537 d:ShareCapital 2022-02-28 10550537 d:ShareCapital 2021-02-28 10550537 d:RetainedEarningsAccumulatedLosses 2022-02-28 10550537 d:RetainedEarningsAccumulatedLosses 2021-02-28 10550537 c:OrdinaryShareClass1 2021-03-01 2022-02-28 10550537 c:OrdinaryShareClass1 2022-02-28 10550537 c:OrdinaryShareClass1 2021-02-28 10550537 c:FRS102 2021-03-01 2022-02-28 10550537 c:AuditExempt-NoAccountantsReport 2021-03-01 2022-02-28 10550537 c:FullAccounts 2021-03-01 2022-02-28 10550537 c:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28 10550537 2 2021-03-01 2022-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10550537










THE CROWN (RADNAGE) LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2022

 
THE CROWN (RADNAGE) LIMITED
REGISTERED NUMBER: 10550537

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
52,179
64,142

  
52,179
64,142

Current assets
  

Stocks
  
1,000
100

Debtors: amounts falling due within one year
 5 
2,304
1,019

Cash at bank and in hand
 6 
30,529
46,258

  
33,833
47,377

Creditors: amounts falling due within one year
 7 
(134,849)
(171,211)

Net current liabilities
  
 
 
(101,016)
 
 
(123,834)

Total assets less current liabilities
  
(48,837)
(59,692)

Creditors: amounts falling due after more than one year
 8 
(33,333)
-

  

Net liabilities
  
(82,170)
(59,692)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(82,270)
(59,792)

  
(82,170)
(59,692)


Page 1

 
THE CROWN (RADNAGE) LIMITED
REGISTERED NUMBER: 10550537
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 August 2022.




Mr S Smith
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
THE CROWN (RADNAGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1.


General information

The Crown (Radnage) Limited is a company domiciled in England and Wales, registration number 10550537. The registered office is The Crown, City Road, Radnage, Bucks, HP14 4DW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
THE CROWN (RADNAGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property
-
10%
Plant and machinery
-
20%
Motor vehicles
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
THE CROWN (RADNAGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2021 - 18).

Page 5

 
THE CROWN (RADNAGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

4.


Tangible fixed assets





Leasehold improvements
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 March 2021
80,949
28,694
2,500
112,143


Additions
-
2,531
-
2,531



At 28 February 2022

80,949
31,225
2,500
114,674



Depreciation


At 1 March 2021
29,006
18,621
375
48,002


Charge for the year on owned assets
8,095
6,023
375
14,493



At 28 February 2022

37,101
24,644
750
62,495



Net book value



At 28 February 2022
43,848
6,581
1,750
52,179



At 28 February 2021
51,943
10,074
2,125
64,142

Page 6

 
THE CROWN (RADNAGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

5.


Debtors

2022
2021
£
£


Trade debtors
1,324
-

Other debtors
-
39

Prepayments and accrued income
980
980

2,304
1,019



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
30,529
46,258

30,529
46,258



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
10,000
50,000

Trade creditors
8,607
5,219

Other taxation and social security
1,824
1,114

Other creditors
112,918
113,378

Accruals and deferred income
1,500
1,500

134,849
171,211



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
33,333
-

33,333
-


Page 7

 
THE CROWN (RADNAGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
10,000
50,000


10,000
50,000


Amounts falling due 2-5 years

Bank loans
33,333
-


33,333
-


43,333
50,000



10.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1 each
100
100


 
Page 8