Company registration number 04280525 (England and Wales)
CROMWELL LANE MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
CROMWELL LANE MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
CROMWELL LANE MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
298
298
Tangible assets
5
2,428
2,428
2,726
2,726
Current assets
Debtors
6
148
(52)
Cash at bank and in hand
5,894
4,856
6,042
4,804
Creditors: amounts falling due within one year
7
(2,816)
(2,767)
Net current assets
3,226
2,037
Total assets less current liabilities
5,952
4,763
Provisions for liabilities
(2,506)
(2,506)
Net assets
3,446
2,257
Capital and reserves
Called up share capital
15
15
Profit and loss reserves
3,431
2,242
Total equity
3,446
2,257

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

CROMWELL LANE MANAGEMENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2023
31 May 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 31 August 2023 and are signed on its behalf by:
Mrs J Bates
Director
Company Registration No. 04280525
CROMWELL LANE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
1
Accounting policies
Company information

Cromwell Lane Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16 The Pines, Cromwell Lane, Coventry, West Midlands, CV4 8AR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
The residual values of assets and their useful economic lives are reviewed at the end of each accounting period to determine whether those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CROMWELL LANE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
4
Intangible fixed assets
Spare Asset 3
£
Cost
At 1 June 2022 and 31 May 2023
298
Amortisation and impairment
At 1 June 2022 and 31 May 2023
-
Carrying amount
At 31 May 2023
298
At 31 May 2022
298
5
Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2022 and 31 May 2023
2,428
Depreciation and impairment
At 1 June 2022 and 31 May 2023
-
0
Carrying amount
At 31 May 2023
2,428
At 31 May 2022
2,428
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
148
(52)
CROMWELL LANE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 5 -
7
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
2,816
2,767
2023-05-312022-06-01false31 August 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMrs J BatesMr D FrenchMrs J Bates042805252022-06-012023-05-31042805252023-05-31042805252022-05-3104280525core:LandBuildings2023-05-3104280525core:LandBuildings2022-05-3104280525core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3104280525core:CurrentFinancialInstrumentscore:WithinOneYear2022-05-3104280525core:ShareCapital2023-05-3104280525core:ShareCapital2022-05-3104280525core:RetainedEarningsAccumulatedLosses2023-05-3104280525core:RetainedEarningsAccumulatedLosses2022-05-3104280525bus:CompanySecretaryDirector12022-06-012023-05-31042805252021-06-012022-05-3104280525core:LandBuildings2022-05-3104280525core:CurrentFinancialInstruments2023-05-3104280525core:CurrentFinancialInstruments2022-05-3104280525bus:PrivateLimitedCompanyLtd2022-06-012023-05-3104280525bus:SmallCompaniesRegimeForAccounts2022-06-012023-05-3104280525bus:FRS1022022-06-012023-05-3104280525bus:AuditExemptWithAccountantsReport2022-06-012023-05-3104280525bus:Director12022-06-012023-05-3104280525bus:Director22022-06-012023-05-3104280525bus:CompanySecretary12022-06-012023-05-3104280525bus:FullAccounts2022-06-012023-05-31xbrli:purexbrli:sharesiso4217:GBP