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REGISTERED NUMBER: 06816476 (England and Wales)


Financial Statements for the Year Ended 28 February 2023

for

Crownvale Entertainment Ltd

Crownvale Entertainment Ltd (Registered number: 06816476)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Crownvale Entertainment Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr A J Dattani
Mr N Desai
Mr A A Modi





REGISTERED OFFICE: 144-146 Kings Cross Road
London
WC1X 9DU





REGISTERED NUMBER: 06816476 (England and Wales)





ACCOUNTANTS: Andrew Murray & Co
Chartered Accountants & Statutory Auditors
144-146 Kings Cross Road
London
WC1X 9DU

Crownvale Entertainment Ltd (Registered number: 06816476)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 946,335 951,507
Investments 5 100 100
946,435 951,607

CURRENT ASSETS
Debtors 6 444,719 534,719
Prepayments and accrued income 5,609 -
Cash at bank 13,555 97,939
463,883 632,658
CREDITORS
Amounts falling due within one year 7 1,733,244 1,893,931
NET CURRENT LIABILITIES (1,269,361 ) (1,261,273 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(322,926

)

(309,666

)

CAPITAL AND RESERVES
Called up share capital 999 999
Retained earnings (323,925 ) (310,665 )
8 (322,926 ) (309,666 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Crownvale Entertainment Ltd (Registered number: 06816476)

Statement of Financial Position - continued
28 February 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 Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mr A A Modi - Director


Crownvale Entertainment Ltd (Registered number: 06816476)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Crownvale Entertainment 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL).

Crownvale Entertainment Ltd (Registered number: 06816476)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 925,649 118,502 58,276 6,674 1,109,101
DEPRECIATION
At 1 March 2022 - 102,314 49,885 5,395 157,594
Charge for year - 3,238 1,678 256 5,172
At 28 February 2023 - 105,552 51,563 5,651 162,766
NET BOOK VALUE
At 28 February 2023 925,649 12,950 6,713 1,023 946,335
At 28 February 2022 925,649 16,188 8,391 1,279 951,507

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 100
NET BOOK VALUE
At 28 February 2023 100
At 28 February 2022 100

The additions to Other Investments is offshore investments through Offshore company, now brought inshore and included in the UK company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 923 923
Amounts owed by group undertakings 420,996 510,996
Share Contributions 999 999
Pampas Estates 21,801 21,801
444,719 534,719

Crownvale Entertainment Ltd (Registered number: 06816476)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Tax - 13,538
VAT 1,650 -
Loan from A Modi (A) 150,000 150,000
Loan from A Modi (B) 155,000 155,000
Loan from Modi J & A 275,000 275,000
Loan from B Desai ( N Desai) 50,000 50,000
Loan from K modi 80,000 80,000
Loan from J Tyrakowski - 150,000
Loan account Flat - AM 12,200 12,200
Loan from M Desai 300,000 300,000
Loan 2 from A Dattani 40,000 40,000
Loan account Flat - ND 12,200 12,200
Loan account Flat - AD 12,200 12,200
Loan from K Modi (B) 155,000 155,000
Accruals 4,994 3,793
Loan from K Modi (A) 150,000 150,000
Loan from Ms Rhea Dattani (A) 150,000 150,000
Rent deposits (Flats_ 35,000 35,000
Loan from Ms Risha Dattani (A) 150,000 150,000
1,733,244 1,893,931

8. RECONCILIATION OF MOVEMENTS IN RESERVES
28.2.23 28.2.22
£    £   
(Loss)/profit for the financial year (13,260 ) 51,249
Net (reduction)/addition to reserves (13,260 ) 51,249
Opening reserves (309,666 ) (360,915 )
Closing reserves (322,926 ) (309,666 )