Crown Properties (York) Limited |
Registered number: |
11825860 |
Abridged Balance Sheet |
as at 31 December 2022 |
|
Notes |
|
|
2022 |
|
|
2021 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
475,035 |
|
|
341,422 |
|
Current assets |
Cash at bank and in hand |
|
|
1,077 |
|
|
631 |
|
Creditors: amounts falling due within one year |
|
|
(38,748) |
|
|
(35,748) |
|
Net current liabilities |
|
|
|
(37,671) |
|
|
(35,117) |
|
Total assets less current liabilities |
|
|
|
437,364 |
|
|
306,305 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(430,583) |
|
|
(328,330) |
|
Net assets/(liabilities) |
|
|
|
6,781 |
|
|
(22,025) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
6 |
|
|
6 |
Revaluation reserve |
5 |
|
|
46,000 |
|
|
- |
Profit and loss account |
|
|
|
(39,225) |
|
|
(22,031) |
|
Shareholders' funds |
|
|
|
6,781 |
|
|
(22,025) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
|
|
|
|
Richard Ian Matthews |
Director |
Approved by the board on 30 September 2023 |
|
Crown Properties (York) Limited |
Notes to the Abridged Accounts |
for the year ended 31 December 2022 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents gross rental income received. |
|
|
Investments |
|
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
2 |
Employees |
2022 |
|
2021 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Investments |
|
Other |
investments |
£ |
|
Cost |
|
At 1 January 2022 |
341,422 |
|
Additions |
87,613 |
|
Revaluation |
46,000 |
|
|
At 31 December 2022 |
475,035 |
|
|
4 |
Loans |
2022 |
|
2021 |
£ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
372,583 |
|
270,330 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
372,583 |
|
270,330 |
|
|
|
|
|
|
|
|
|
|
A charge against properties in favour of Pratus AMC Limited and Charter Court Financial Services Limited. |
|
|
5 |
Revaluation reserve |
2022 |
|
2021 |
£ |
£ |
|
|
Gain on revaluation of land and buildings |
46,000 |
|
- |
|
|
At 31 December 2022 |
46,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
6 |
Related party transactions |
|
|
Company directors were owed £38149 (£34,699) by the company at 31st December 2022. The loan is interest free and no agreed terms for its repayment. |
|
|
7 |
Other information |
|
|
Crown Properties (York) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite 7 |
|
Brackenholme Business Park |
|
Brackenholme |
|
Selby |
|
YO8 6EL |