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REGISTERED NUMBER: 12298481 (England and Wales)















CROSSWAYS CAPITAL LTD

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023






CROSSWAYS CAPITAL LTD (REGISTERED NUMBER: 12298481)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company information 1

Report of the directors 2

Accountants' report 3

Income statement 4

Abridged statement of financial position 5 to 6

Statement of changes in equity 7

Notes to the financial statements 8 to 9


CROSSWAYS CAPITAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







Directors: D N Pearce
A B Pearce





Registered office: Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP





Registered number: 12298481 (England and Wales)





Accountants: Menzies LLP
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP

CROSSWAYS CAPITAL LTD (REGISTERED NUMBER: 12298481)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2023


The directors present their report with the financial statements of the company for the year ended 31st March 2023.

Directors
The directors shown below have held office during the whole of the period from 1st April 2022 to the date of this report.

D N Pearce
A B Pearce

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





D N Pearce - Director


5th October 2023

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CROSSWAYS CAPITAL LTD



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crossways Capital Ltd for the year ended 31st March 2023 which comprise the Income statement, Abridged Statement of financial position, Statement of changes in equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Crossways Capital Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crossways Capital Ltd and state those matters that we have agreed to state to the Board of Directors of Crossways Capital Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crossways Capital Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Crossways Capital Ltd 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 Crossways Capital Ltd. You consider that Crossways Capital Ltd 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 Crossways Capital Ltd. 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.






Menzies LLP
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP


5th October 2023

CROSSWAYS CAPITAL LTD (REGISTERED NUMBER: 12298481)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2023

2023 2022
Notes £    £   

TURNOVER - -

Administrative expenses (996 ) (799 )
(996 ) (799 )

Other operating income 53,000 -
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS) BEFORE TAXATION 52,004 (799 )

Tax on profit/(loss) 5 (9,881 ) -
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 42,123 (799 )

CROSSWAYS CAPITAL LTD (REGISTERED NUMBER: 12298481)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 6 1,435,627 660,627

CURRENT ASSETS
Debtors 41,000 -
Cash at bank 163 59
41,163 59
CREDITORS
Amounts falling due within one year (1,435,366 ) (661,385 )
NET CURRENT LIABILITIES (1,394,203 ) (661,326 )
TOTAL ASSETS LESS CURRENT LIABILITIES 41,424 (699 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 41,324 (799 )
SHAREHOLDERS' FUNDS 41,424 (699 )

CROSSWAYS CAPITAL LTD (REGISTERED NUMBER: 12298481)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

The financial statements have been prepared 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 Statement of financial position for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the Board of Directors and authorised for issue on 5th October 2023 and were signed on its behalf by:





D N Pearce - Director


CROSSWAYS CAPITAL LTD (REGISTERED NUMBER: 12298481)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST MARCH 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1st April 2021 100 - 100

Changes in equity
Total comprehensive income - (799 ) (799 )
Balance at 31st March 2022 100 (799 ) (699 )

Changes in equity
Total comprehensive income - 42,123 42,123
Balance at 31st March 2023 100 41,324 41,424

CROSSWAYS CAPITAL LTD (REGISTERED NUMBER: 12298481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Crossways Capital Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared on a going concern basis and under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value are recognised in the income statement and fair value reserve.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 9,881 -
Tax on profit/(loss) 9,881 -

UK corporation tax has been charged at 19% .

CROSSWAYS CAPITAL LTD (REGISTERED NUMBER: 12298481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st April 2022 660,627
Additions 775,000
At 31st March 2023 1,435,627
Net book value
At 31st March 2023 1,435,627
At 31st March 2022 660,627

Investment property fair values were established on an open market basis and based on local residential property values. This was done so on 31st March 2022 by the director of the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
40 Ordinary A 1 40 40
60 Ordinary B 1 60 60
100 100