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REGISTERED NUMBER: 00654348 (England and Wales)












CRESCENT ESTATES (SOUTHAMPTON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






CRESCENT ESTATES (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 00654348)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRESCENT ESTATES (SOUTHAMPTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: R N Hickox
Mrs J K Bath



SECRETARY: Mrs C J Short



REGISTERED OFFICE: Highland House
Mayflower Close
Chandlers Ford
Eastleigh
Hampshire
SO53 4AR



REGISTERED NUMBER: 00654348 (England and Wales)



BANKERS: Lloyds Bank plc
92 - 94 Above Bar Street
Southampton
Hampshire
SO14 7DT

CRESCENT ESTATES (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 00654348)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £ £
FIXED ASSETS
Tangible assets 4 5,428 6,182
Investment property 5 1,750,000 1,500,000
1,755,428 1,506,182

CURRENT ASSETS
Debtors 6 160 150
Cash at bank 202,171 184,642
202,331 184,792
CREDITORS
Amounts falling due within one year 7 (44,005 ) (42,036 )
NET CURRENT ASSETS 158,326 142,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,913,754

1,648,938

PROVISIONS FOR LIABILITIES 8 (418,312 ) (270,560 )
NET ASSETS 1,495,442 1,378,378

CAPITAL AND RESERVES
Called up share capital 240 240
Non-distributable reserves 1,314,309 1,211,878
Retained earnings 180,893 166,260
SHAREHOLDERS' FUNDS 1,495,442 1,378,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CRESCENT ESTATES (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 00654348)

BALANCE SHEET - continued
31 MARCH 2022


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2022 and were signed on its behalf by:




R N Hickox - Director



Mrs J K Bath - Director


CRESCENT ESTATES (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 00654348)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Crescent Estates (Southampton) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is the total amount receivable by the company in the ordinary course of business, excluding value added tax, from rental income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CRESCENT ESTATES (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 00654348)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

CRESCENT ESTATES (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 00654348)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 April 2021 18,924
Additions 999
At 31 March 2022 19,923
DEPRECIATION
At 1 April 2021 12,742
Charge for year 1,753
At 31 March 2022 14,495
NET BOOK VALUE
At 31 March 2022 5,428
At 31 March 2021 6,182

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2021 1,500,000
Revaluations 250,000
At 31 March 2022 1,750,000
NET BOOK VALUE
At 31 March 2022 1,750,000
At 31 March 2021 1,500,000

Fair value at 31 March 2022 is represented by:
£
Valuation in 2006 1,231,464
Valuation in 2007 100,000
Valuation in 2016 67,500
Valuation in 2017 82,300
Valuation in 2022 250,000
Cost 18,736
1,750,000

CRESCENT ESTATES (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 00654348)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£ £
Cost 18,736 18,736

Investment property was valued on an open market basis on 31 March 2022 by the directors' of the company .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 160 150

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Taxation and social security 28,898 26,336
Other creditors 15,107 15,700
44,005 42,036

8. PROVISIONS FOR LIABILITIES
2022 2021
£ £
Deferred tax 418,312 270,560

Deferred tax
£
Balance at 1 April 2021 270,560
Accelerated capital allowances 182
Deferred tax on investment 147,570
properties
Balance at 31 March 2022 418,312