Registered number: 03262930 | ||||||||
FOR THE YEAR ENDED 31/03/2022 | ||||||||
Prepared By: | ||||||||
Berry Kearsley Stockwell Ltd | ||||||||
Accountants | ||||||||
Sterling House | ||||||||
31-32 High Street | ||||||||
Wellingborough | ||||||||
Northants | ||||||||
NN8 4HL |
Crownmax Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2022 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
Mr H Patel | ||||||||
REGISTERED OFFICE | ||||||||
Northants | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 03262930 | ||||||||
ACCOUNTANTS | ||||||||
Berry Kearsley Stockwell Ltd | ||||||||
Accountants | ||||||||
Sterling House | ||||||||
31-32 High Street | ||||||||
Wellingborough | ||||||||
Northants | ||||||||
NN8 4HL |
Crownmax Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2022 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 5 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Crownmax Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2022 | 2021 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
Investment Assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
106,482 | 197,347 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 137,401 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | - | 68,370 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 1,318,380 | 1,338,750 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Crownmax Limited | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
Mr K C Chan | ||||||||||
Director | ||||||||||
Crownmax Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2022 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Land And Buildings | straight line 2% | |||||||
Short Leasehold Properties | straight line 5% |
1c. Government Grants | ||||||||
Government grants are recognised in profit and loss in the year in which they are received. |
1d. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
2. EMPLOYEES | ||||||
2022 | 2021 | |||||
No. | No. | |||||
Average number of employees | - | |||||
Crownmax Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||
Land And | Short Leasehold | |||||
Buildings | Properties | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/04/2021 | 873,014 | 164,049 | 1,037,063 | |||
At 31/03/2022 | 873,014 | 164,049 | 1,037,063 | |||
Depreciation | ||||||
At 01/04/2021 | 87,158 | 41,000 | 128,158 | |||
For the year | 17,457 | 8,200 | 25,657 | |||
At 31/03/2022 | 104,615 | 49,200 | 153,815 | |||
Net Book Amounts | ||||||
At 31/03/2022 | 114,849 | 883,248 | ||||
At 31/03/2021 | 123,049 | 908,905 | ||||
4. FINANCIAL ASSETS | |||||||||
Listed | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/04/2021 | 361,016 | 361,016 | |||||||
Revaluation | 14,640 | 14,640 | |||||||
At 31/03/2022 | 375,656 | 375,656 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/03/2022 | 375,656 | 375,656 | |||||||
At 31/03/2021 | 361,016 | 361,016 | |||||||
The listed investments were revalued to open market value at the 31st March 2022. Open market value was considered to be the fair value of the assets. | |||||||||
5. DEBTORS | 2022 | 2021 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
VAT | 8 | 39 | ||||||
Other debtors | 2 | - | ||||||
Amounts due from group companies | 76,058 | 76,274 | ||||||
76,068 | 76,313 | |||||||
Crownmax Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
UK corporation tax | 6,584 | 7,260 | ||||||
Directors current account | 19,483 | 19,483 | ||||||
Directors current account | 19,885 | 19,885 | ||||||
Bank Loan | - | 12,466 | ||||||
Accruals | 852 | 852 | ||||||
46,804 | 59,946 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | - | 68,370 | ||||||
- | 68,370 | |||||||
8. SHARE CAPITAL | 2022 | 2021 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
202 | 202 | |||||||
202 | 202 | |||||||
9. CONTROLLING PARTY | ||||||||
The company is a wholly owned subsidiary of Lakeproppharm Ltd. Lakeproppharm Ltd is the ultimate parent company. | ||||||||