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REGISTERED NUMBER: 01229021 (England and Wales)










CROWTHER INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






CROWTHER INVESTMENTS LIMITED (REGISTERED NUMBER: 01229021)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


CROWTHER INVESTMENTS LIMITED (REGISTERED NUMBER: 01229021)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 460 -
Investment property 5 940,000 910,000
940,460 910,000

CURRENT ASSETS
Debtors 6 2,632 2,500
Cash at bank 88,046 85,107
90,678 87,607
CREDITORS
Amounts falling due within one year 7 18,986 8,562
NET CURRENT ASSETS 71,692 79,045
TOTAL ASSETS LESS CURRENT LIABILITIES 1,012,152 989,045

PROVISIONS FOR LIABILITIES 88,203 82,503
NET ASSETS 923,949 906,542

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Non-distributable reserves 9 524,988 500,688
Distributable reserves 397,961 404,854
SHAREHOLDERS' FUNDS 923,949 906,542

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

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

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 26th October 2023 and were signed by:




R M Crowther - Director


CROWTHER INVESTMENTS LIMITED (REGISTERED NUMBER: 01229021)

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


1. STATUTORY INFORMATION

Crowther Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01229021

Registered office: 1 Coates Hall
Skipton Road
Barnoldswick
BB18 6HS

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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:


Land - Nil
Buildings - 2.5% on cost
Computer Equipment - 25% SL

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value 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.


CROWTHER INVESTMENTS LIMITED (REGISTERED NUMBER: 01229021)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 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.

Pension costs and other post-retirement benefits
Investments are stated in the balance sheet at the lower of cost and market value. Investment income is included in the profit and loss account when it is received.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 470
At 31st July 2023 470
DEPRECIATION
Charge for year 10
At 31st July 2023 10
NET BOOK VALUE
At 31st July 2023 460

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2022 910,000
Revaluations 30,000
At 31st July 2023 940,000
NET BOOK VALUE
At 31st July 2023 940,000
At 31st July 2022 910,000

CROWTHER INVESTMENTS LIMITED (REGISTERED NUMBER: 01229021)

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


5. INVESTMENT PROPERTY - continued

Fair value at 31st July 2023 is represented by:
£   
Valuation in 2017 166,786
Valuation in 2019 24,985
Valuation in 2020 266,421
Valuation in 2021 65,000
Valuation in 2022 60,000
Valuation in 2023 30,000
Cost 326,808
940,000

In the opinion of the directors the valuation fairly represents the open market value at 31st July 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 132 -
Amounts owed by group undertakings 2,500 2,500
2,632 2,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,636 7,541
Other creditors 11,350 1,021
18,986 8,562

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Non-distribut
reserves
£   
At 1st August 2022 500,688
Revaluation 30,000
Deferred tax (5,700 )

At 31st July 2023 524,988