Registered number
12242013
Crew Property Services Ltd
Filleted Accounts
30 April 2023
Crew Property Services Ltd
Registered number: 12242013
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,046,422 930,468
Current assets
Debtors 4 19,628 18,253
Cash at bank and in hand 5,929 8,804
25,557 27,057
Creditors: amounts falling due within one year 5 (260,859) (233,871)
Net current liabilities (235,302) (206,814)
Total assets less current liabilities 811,120 723,654
Creditors: amounts falling due after more than one year 6 (667,477) (608,342)
Provisions for liabilities (28,874) (5,894)
Net assets 114,769 109,418
Capital and reserves
Called up share capital 10 10
Profit and loss account 114,759 109,408
Shareholders' funds 114,769 109,418
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.
Mrs S L Crew
Director
Approved by the board on 22 June 2023
Crew Property Services Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
Motor vehicles 20% reducing balance
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2022 921,895 4,314 8,994 935,203
Additions 17,949 - - 17,949
Surplus on revaluation 100,156 - - 100,156
At 30 April 2023 1,040,000 4,314 8,994 1,053,308
Depreciation
At 1 May 2022 - 1,209 3,526 4,735
Charge for the year - 1,057 1,094 2,151
At 30 April 2023 - 2,266 4,620 6,886
Net book value
At 30 April 2023 1,040,000 2,048 4,374 1,046,422
At 30 April 2022 921,895 3,105 5,468 930,468
Freehold land and buildings: 2023 2022
£ £
Historical cost 796,557 796,557
Cumulative depreciation based on historical cost - -
796,557 796,557
4 Debtors 2023 2022
£ £
Trade debtors 13,246 304
Amounts owed by group undertakings and undertakings in which the company has a participating interest 3,015 -
Other debtors 3,367 17,949
19,628 18,253
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,091 5,679
Other creditors 253,768 228,192
260,859 233,871
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 667,477 431,227
Other creditors - 177,115
667,477 608,342
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 431,227 431,227
[Give an indication of the nature and form of the security for the bank loans]
8 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Jonathan James Crew
Directors Loan Account 88,930 - - 88,930
Sarah Louise Crew
Directors Loan Account 88,930 - - 88,930
177,860 - - 177,860
9 Controlling party
The company was under the control of the Directors throughout the period by virtue of them owning 100% of the issued share capital.
10 Other information
Crew Property Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Granary Wharf Business Park
Wetmore Road
Burton on Trent
Staffordshire
DE14 1DU
Crew Property Services Ltd 12242013 false 2022-05-01 2023-04-30 2023-04-30 VT Final Accounts April 2022 Mrs S L Crew No description of principal activity 12242013 2021-05-01 2022-04-30 12242013 core:WithinOneYear 2022-04-30 12242013 core:AfterOneYear 2022-04-30 12242013 core:ShareCapital 2022-04-30 12242013 core:RetainedEarningsAccumulatedLosses 2022-04-30 12242013 2022-05-01 2023-04-30 12242013 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 12242013 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 12242013 bus:Director40 2022-05-01 2023-04-30 12242013 1 2022-05-01 2023-04-30 12242013 2 2022-05-01 2023-04-30 12242013 core:LandBuildings 2022-05-01 2023-04-30 12242013 core:PlantMachinery 2022-05-01 2023-04-30 12242013 core:Vehicles 2022-05-01 2023-04-30 12242013 bus:Director1 2022-05-01 2023-04-30 12242013 bus:Director1 1 2022-05-01 2023-04-30 12242013 bus:Director2 2022-05-01 2023-04-30 12242013 bus:Director2 1 2022-05-01 2023-04-30 12242013 countries:England 2022-05-01 2023-04-30 12242013 bus:FRS102 2022-05-01 2023-04-30 12242013 bus:FullAccounts 2022-05-01 2023-04-30 12242013 2023-04-30 12242013 core:WithinOneYear 2023-04-30 12242013 core:AfterOneYear 2023-04-30 12242013 core:ShareCapital 2023-04-30 12242013 core:RetainedEarningsAccumulatedLosses 2023-04-30 12242013 core:LandBuildings 2023-04-30 12242013 core:PlantMachinery 2023-04-30 12242013 core:Vehicles 2023-04-30 12242013 bus:Director1 1 2023-04-30 12242013 bus:Director2 1 2023-04-30 12242013 2022-04-30 12242013 core:LandBuildings 2022-04-30 12242013 core:PlantMachinery 2022-04-30 12242013 core:Vehicles 2022-04-30 12242013 bus:Director1 1 2022-04-30 12242013 bus:Director2 1 2022-04-30 iso4217:GBP xbrli:pure