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REGISTERED NUMBER: 07907464 (England and Wales)












REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

CRESTHAVEN CONSTRUCTION LIMITED

CRESTHAVEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07907464)






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




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


CRESTHAVEN CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: D M Stevens





REGISTERED OFFICE: 28 Pepper Hill
Great Amwell
Ware
Hertfordshire
SG12 9RZ





REGISTERED NUMBER: 07907464 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

CRESTHAVEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07907464)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31ST JANUARY 2023

The director presents his report with the financial statements of the company for the year ended 31st January 2023.

DIRECTOR
D M Stevens held office during the whole of the period from 1st February 2022 to the date of this report.

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 M Stevens - Director


23rd October 2023

CRESTHAVEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07907464)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,681 4,008

CURRENT ASSETS
Stocks 70,000 54,177
Debtors 5 16,421 11,828
Cash at bank 156,759 62,062
243,180 128,067
CREDITORS
Amounts falling due within one year 6 160,920 79,439
NET CURRENT ASSETS 82,260 48,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,941

52,636

CREDITORS
Amounts falling due after more than one
year

7

24,946

34,836
NET ASSETS 65,995 17,800

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 65,993 17,798
SHAREHOLDERS' FUNDS 65,995 17,800

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CRESTHAVEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07907464)

BALANCE SHEET - continued
31ST JANUARY 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd October 2023 and were signed by:





D M Stevens - Director


CRESTHAVEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07907464)

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

1. STATUTORY INFORMATION

Cresthaven Construction 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

Accounting convention
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.

Going Concern Justification
The director has assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The director has not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31st January 2023 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the provision of services once completed.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CRESTHAVEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07907464)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2022 763 21,500 2,083 24,346
Additions - 7,500 - 7,500
At 31st January 2023 763 29,000 2,083 31,846
DEPRECIATION
At 1st February 2022 673 17,901 1,764 20,338
Charge for year 23 2,724 80 2,827
At 31st January 2023 696 20,625 1,844 23,165
NET BOOK VALUE
At 31st January 2023 67 8,375 239 8,681
At 31st January 2022 90 3,599 319 4,008

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,305 11,828
Other debtors 7,116 -
16,421 11,828

CRESTHAVEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 07907464)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,890 9,646
Trade creditors 6,063 3,695
Corporation tax 24,330 10,138
Social security and other taxes 4,178 160
VAT 47,743 19,055
Other creditors 103 2,763
Directors' current accounts 68,613 33,982
160,920 79,439

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,140 9,890
Bank loans - 2-5 years 14,806 24,946
24,946 34,836

8. RELATED PARTY DISCLOSURES

Interest of £6,000 at a rate of 15% pa (2022: £4,500) was paid to Mr D Stevens a director of the company during the year on the balance of his directors loan account.