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REGISTERED NUMBER: 09514593 (England and Wales)















CROWN WATER LIMITED

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






CROWN WATER LIMITED (REGISTERED NUMBER: 09514593)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


CROWN WATER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: A J Curtis



REGISTERED OFFICE: Index House
St. Georges Lane
Ascot
Berkshire
SL5 7ET



REGISTERED NUMBER: 09514593 (England and Wales)



ACCOUNTANTS: Poole Resources
Chartered Certified Accountants
95 High Street
Street
Somerset
BA16 0EZ



BANKERS: HSBC Bank plc
250 High Street
Exeter
Devon
EX4 3PZ

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CROWN WATER LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crown Water Limited for the year ended 31 December 2022 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Crown Water Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crown Water Limited and state those matters that we have agreed to state to the director of Crown Water Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Crown Water Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crown Water Limited. You consider that Crown Water Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Crown Water Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Poole Resources
Chartered Certified Accountants
95 High Street
Street
Somerset
BA16 0EZ


28 September 2023

CROWN WATER LIMITED (REGISTERED NUMBER: 09514593)

ABRIDGED BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 344,612 456,379
Tangible assets 5 34,533 41,751
379,145 498,130

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 459,413 414,683
Cash at bank 525,751 350,248
997,164 776,931
CREDITORS
Amounts falling due within one year 424,202 327,657
NET CURRENT ASSETS 572,962 449,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

952,107

947,404

CREDITORS
Amounts falling due after more than one
year

(873,484

)

(876,885

)

PROVISIONS FOR LIABILITIES (8,414 ) (10,209 )
NET ASSETS 70,209 60,310

CROWN WATER LIMITED (REGISTERED NUMBER: 09514593)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 878 1,142
Retained earnings 69,231 59,068
SHAREHOLDERS' FUNDS 70,209 60,310

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

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

The director acknowledges his 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 28 September 2023 and were signed by:





A J Curtis - Director


CROWN WATER LIMITED (REGISTERED NUMBER: 09514593)

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

1. STATUTORY INFORMATION

Crown Water 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


CROWN WATER LIMITED (REGISTERED NUMBER: 09514593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022
and 31 December 2022 1,117,662
AMORTISATION
At 1 January 2022 661,283
Amortisation for year 111,767
At 31 December 2022 773,050
NET BOOK VALUE

At 31 December 2022 344,612
At 31 December 2021 456,379

CROWN WATER LIMITED (REGISTERED NUMBER: 09514593)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2022 118,975
Additions 1,497
At 31 December 2022 120,472
DEPRECIATION
At 1 January 2022 77,224
Charge for year 8,715
At 31 December 2022 85,939
NET BOOK VALUE
At 31 December 2022 34,533
At 31 December 2021 41,751

Cost or valuation at 31 December 2022 is represented by:

Totals
£   
Valuation in 2016 5,517
Cost 114,955
120,472

If tangible fixed assets had not been revalued they would have been included at the following historical cost:

31.12.22 31.12.21
£    £   
Cost 114,955 113,458
Aggregate depreciation 81,300 72,849

CROWN WATER LIMITED (REGISTERED NUMBER: 09514593)

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

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
£    £   
A J Curtis
Balance outstanding at start of year - 5,000
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

7. ULTIMATE CONTROLLING PARTY

The controlling party is Flow Control Systems Limited.

Crown Water Limited is a wholly owned subsidiary of Flow Control Systems Limited.