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Company Registration No. 11047701 (England and Wales)
85 CRESCENT HOUSE LIMITED Unaudited accounts for the year ended 30 November 2021
85 CRESCENT HOUSE LIMITED Unaudited accounts Contents
Page
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85 CRESCENT HOUSE LIMITED Company Information for the year ended 30 November 2021
Directors
Miss C Bromley Ms P F Andreani
Company Number
11047701 (England and Wales)
Registered Office
8 HOGARTH PLACE LONDON SW5 0QT UNITED KINGDOM
Accountants
Kaushik Khiroya, AFA LMK ACCOUNTING LTD THE GATEHOUSE GATEHOUSE WAY AYLESBURY HP19 8DB
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85 CRESCENT HOUSE LIMITED Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Investment property
59,984 
59,984 
Creditors: amounts falling due within one year
(60,985)
(60,590)
Net current liabilities
(60,985)
(60,590)
Net liabilities
(1,001)
(606)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(1,003)
(608)
Shareholders' funds
(1,001)
(606)
For the year ending 30 November 2021 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by
Miss C Bromley Director Company Registration No. 11047701
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85 CRESCENT HOUSE LIMITED Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
85 CRESCENT HOUSE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11047701. The registered office is 8 HOGARTH PLACE, LONDON, SW5 0QT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are recognised at amortised cost. Advanced financial instruments which include interest rate swaps and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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85 CRESCENT HOUSE LIMITED Notes to the Accounts for the year ended 30 November 2021
Going concern
These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the contining support of the director and sharesholders of the company. If the were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets as current assets and to provide for further liabilities which might arise.
4
Investment property
2021 
£ 
Fair value at 1 December 2020
59,984 
At 30 November 2021
59,984 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Loans from directors
60,700 
60,415 
Accruals
285 
175 
60,985 
60,590 
6
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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