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REGISTERED NUMBER: 04611209 (England and Wales)
















Financial Statements for the Year Ended 31 March 2023

for

Crosslands Developments Limited

Crosslands Developments Limited (Registered number: 04611209)






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


Crosslands Developments Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Dr R M Gordon





REGISTERED OFFICE: 1 Charlotte Mews
Pavilion Place
Exeter
Devon
EX2 4HA





REGISTERED NUMBER: 04611209 (England and Wales)





ACCOUNTANTS: Plunkett Yates Limited
1 Charlotte Mews
Pavilion Place
Exeter
Devon
EX2 4HA

Crosslands Developments Limited (Registered number: 04611209)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47 6,075
Investment property 5 1,021,766 727,732
1,021,813 733,807

CURRENT ASSETS
Debtors 6 1,551 8,659
Cash at bank 270,070 273,030
271,621 281,689
CREDITORS
Amounts falling due within one year 7 322,829 339,912
NET CURRENT LIABILITIES (51,208 ) (58,223 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

970,605

675,584

CREDITORS
Amounts falling due after more than one year 8 88,660 87,396
NET ASSETS 881,945 588,188

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 544,416 250,382
Retained earnings 337,527 337,804
SHAREHOLDERS' FUNDS 881,945 588,188

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.

Crosslands Developments Limited (Registered number: 04611209)

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 8 November 2023 and were signed by:





Dr R M Gordon - Director


Crosslands Developments Limited (Registered number: 04611209)

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

1. STATUTORY INFORMATION

Crosslands Developments 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

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.

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
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 - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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.

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 ) .

Crosslands Developments Limited (Registered number: 04611209)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 8,190 30,265 635 39,090
Disposals (1,326 ) (30,265 ) - (31,591 )
At 31 March 2023 6,864 - 635 7,499
DEPRECIATION
At 1 April 2022 7,521 24,859 635 33,015
Charge for year 15 - - 15
Eliminated on disposal (719 ) (24,859 ) - (25,578 )
At 31 March 2023 6,817 - 635 7,452
NET BOOK VALUE
At 31 March 2023 47 - - 47
At 31 March 2022 669 5,406 - 6,075

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 727,732
Revaluations 263,307
Exchange differences 30,727
At 31 March 2023 1,021,766
NET BOOK VALUE
At 31 March 2023 1,021,766
At 31 March 2022 727,732

The investment properties were valued as at 31 March 2019, on an open market basis on by Dr R Gordon, the director. The historical cost of the properties was £1,001,475.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 2,709
Other debtors 1,551 5,950
1,551 8,659

Crosslands Developments Limited (Registered number: 04611209)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts - 2,633
Other creditors 322,829 337,279
322,829 339,912

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 88,660 87,396

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 69,784 64,501

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Other loans 93,379 93,120

10. RESERVES
Fair
value
reserve
£   
At 1 April 2022 250,382
Property revaluation 294,034

At 31 March 2023 544,416