Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01false1Selling and distribution oF dried yeast and other bakery products1true 00879831 2022-04-01 2023-03-31 00879831 2021-04-01 2022-03-31 00879831 2023-03-31 00879831 2022-03-31 00879831 c:Director1 2022-04-01 2023-03-31 00879831 d:FurnitureFittings 2022-04-01 2023-03-31 00879831 d:FurnitureFittings 2023-03-31 00879831 d:FurnitureFittings 2022-03-31 00879831 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00879831 d:OfficeEquipment 2022-04-01 2023-03-31 00879831 d:OfficeEquipment 2023-03-31 00879831 d:OfficeEquipment 2022-03-31 00879831 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00879831 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00879831 d:CurrentFinancialInstruments 2023-03-31 00879831 d:CurrentFinancialInstruments 2022-03-31 00879831 d:Non-currentFinancialInstruments 2023-03-31 00879831 d:Non-currentFinancialInstruments 2022-03-31 00879831 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00879831 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00879831 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00879831 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 00879831 d:ShareCapital 2023-03-31 00879831 d:ShareCapital 2022-03-31 00879831 d:RetainedEarningsAccumulatedLosses 2023-03-31 00879831 d:RetainedEarningsAccumulatedLosses 2022-03-31 00879831 c:FRS102 2022-04-01 2023-03-31 00879831 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00879831 c:FullAccounts 2022-04-01 2023-03-31 00879831 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00879831 d:OtherDeferredTax 2023-03-31 00879831 d:OtherDeferredTax 2022-03-31 00879831 2 2022-04-01 2023-03-31 00879831 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 00879831








CROWN YEAST COMPANY LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED  31 MARCH 2023

 
CROWN YEAST COMPANY LIMITED
REGISTERED NUMBER: 00879831

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
60

Investments
 5 
1,813,858
1,968,551

  
1,813,858
1,968,611

Current assets
  

Stocks
  
12,000
17,437

Debtors: amounts falling due within one year
 6 
84,248
54,390

Cash at bank and in hand
  
140,300
365,071

  
236,548
436,898

Creditors: amounts falling due within one year
 7 
(148,840)
(328,257)

Net current assets
  
 
 
87,708
 
 
108,641

Total assets less current liabilities
  
1,901,566
2,077,252

Creditors: amounts falling due after more than one year
 8 
(600,000)
(600,000)

Provisions for liabilities
  

Deferred tax
 9 
(76,287)
(102,828)

  
 
 
(76,287)
 
 
(102,828)

Net assets
  
1,225,279
1,374,424


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Profit and loss account
  
1,220,279
1,369,424

  
1,225,279
1,374,424


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.
 
Page 1

 
CROWN YEAST COMPANY LIMITED
REGISTERED NUMBER: 00879831
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 October 2023.





D. P. N. Bushell
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CROWN YEAST COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Crown Yeast Company Limited is a private company limited by share capital, incorporated in England and Wales, registration number 00879831. The address of the registered office is Amp House, 4th Floor, Dingwall Road, Croydon, Surrey, CR0 2LX. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured.

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value added Tax and trade discounts.

Page 3

 
CROWN YEAST COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CROWN YEAST COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33 1/3% straight line
Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
CROWN YEAST COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.14

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and third parties, loans to related parties and investments in ordinary shares.
Financial instruments that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income including profit and loss.
Financial assets and liabilties are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
CROWN YEAST COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
6,722
15,498
22,220



At 31 March 2023

6,722
15,498
22,220



Depreciation


At 1 April 2022
6,662
15,498
22,160


Charge for the year on owned assets
60
-
60



At 31 March 2023

6,722
15,498
22,220



Net book value



At 31 March 2023
-
-
-



At 31 March 2022
60
-
60

Page 7

 
CROWN YEAST COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2022
1,968,551


Additions
554,210


Disposals
(543,694)


Revaluations
(165,209)



At 31 March 2023
1,813,858





6.


Debtors

2023
2022
£
£


Trade debtors
80,386
51,409

Other debtors
3,862
2,981

84,248
54,390



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
63,650
41,396

Corporation tax
12,331
1,640

Other taxation and social security
-
3,952

Other creditors
67,559
275,969

Accruals and deferred income
5,300
5,300

148,840
328,257


Page 8

 
CROWN YEAST COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
600,000
600,000

600,000
600,000


Other creditors represents a Directors loan which is only repayable as and when the company has sufficient funds in order to do so.


9.


Deferred taxation




2023


£






At beginning of year
(102,828)


Charged to profit or loss
26,541



At end of year
(76,287)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


On investment revaluation gains
(76,287)
(102,828)

(76,287)
(102,828)

 
Page 9