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REGISTERED NUMBER: 08447879 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE CROFT PROPERTY CO. LIMITED

THE CROFT PROPERTY CO. LIMITED (REGISTERED NUMBER: 08447879)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE CROFT PROPERTY CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr M Heshaishi
Mr Y Hashaishi





REGISTERED OFFICE: 20 Brompton Road
Northallerton
DL6 1EA





REGISTERED NUMBER: 08447879 (England and Wales)





ACCOUNTANTS: Lyons & Co Ltd
23 Yarm Road
Stockton on Tees
TS18 3NJ

THE CROFT PROPERTY CO. LIMITED (REGISTERED NUMBER: 08447879)

ABRIDGED BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 676 902
Investment property 5 255,000 405,000
255,676 405,902

CURRENT ASSETS
Debtors 693 605
Cash at bank 233,358 86,544
234,051 87,149
CREDITORS
Amounts falling due within one year 363,992 364,399
NET CURRENT LIABILITIES (129,941 ) (277,250 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,735

128,652

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserve 6 15,100 15,100
Retained earnings 110,535 113,452
SHAREHOLDERS' FUNDS 125,735 128,652

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 CROFT PROPERTY CO. LIMITED (REGISTERED NUMBER: 08447879)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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 March 2023 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 Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:





Mr M Heshaishi - Director


THE CROFT PROPERTY CO. LIMITED (REGISTERED NUMBER: 08447879)

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

1. STATUTORY INFORMATION

The Croft Property Co. 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.

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

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

THE CROFT PROPERTY CO. LIMITED (REGISTERED NUMBER: 08447879)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 2,375
DEPRECIATION
At 1 April 2022 1,473
Charge for year 226
At 31 March 2023 1,699
NET BOOK VALUE
At 31 March 2023 676
At 31 March 2022 902

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 446,405
Disposals (178,168 )
At 31 March 2023 268,237
DEPRECIATION
At 1 April 2022 41,405
Eliminated on disposal (28,168 )
At 31 March 2023 13,237
NET BOOK VALUE
At 31 March 2023 255,000
At 31 March 2022 405,000

Investment properties have a cost of £253,137.

6. RESERVES
Other
reserve
£   
At 1 April 2022
and 31 March 2023 15,100