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REGISTERED NUMBER: 11878621 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Crowcombe Properties Ltd

Crowcombe Properties Ltd (Registered number: 11878621)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crowcombe Properties Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S Guy





REGISTERED OFFICE: Fairview House
Portland Road
East Grinstead
West Sussex
RH19 4ET





REGISTERED NUMBER: 11878621 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Crowcombe Properties Ltd (Registered number: 11878621)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,889,714 2,739,714

CURRENT ASSETS
Investments 5 100 100
Cash at bank 8,391 13,806
8,491 13,906
CREDITORS
Amounts falling due within one year 6 120,002 60,000
NET CURRENT LIABILITIES (111,511 ) (46,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,778,203

2,693,620

CREDITORS
Amounts falling due after more than one
year

7

2,673,608

2,609,029
NET ASSETS 104,595 84,591

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 104,495 84,491
SHAREHOLDERS' FUNDS 104,595 84,591

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 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.

Crowcombe Properties Ltd (Registered number: 11878621)

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.

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

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





S Guy - Director


Crowcombe Properties Ltd (Registered number: 11878621)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Crowcombe Properties 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 April 2022 2,571,406 108,308 60,000 2,739,714
Additions - 150,000 - 150,000
At 31 March 2023 2,571,406 258,308 60,000 2,889,714
NET BOOK VALUE
At 31 March 2023 2,571,406 258,308 60,000 2,889,714
At 31 March 2022 2,571,406 108,308 60,000 2,739,714

Crowcombe Properties Ltd (Registered number: 11878621)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£    £   
Shares in group undertakings 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 120,000 60,000
Accrued expenses 2 -
120,002 60,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 31,200 39,000
Bank loans more 5 yr by instal 1,467,812 1,317,327
Amounts owed to participating interests 717,096 625,202
Other creditors 457,500 627,500
2,673,608 2,609,029

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,467,812 1,317,327

8. FINANCIAL INSTRUMENTS

Together Commercial Finance Limited has a Floating Charge over this company assets.

A registered Charge has been made from David Frederick Harvey & Kate Elizabeth Kenyon over Title Assets held in this company.

All charges can be seen on Companies House.

9. RELATED PARTY DISCLOSURES

LOANS TO ASSOCIATED COMPANIES

During the year the company made various loans to and from various associated companies, These are shown within the Financial Statements as 'Amounts owed to and from participating interests'

During the year management charges are charged from associated companies on a commercial basis.

10. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is 'Gilchrist Holdings Ltd' company number 14268557.