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Registered number: 11688922

Crown Developments (Waverley) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2022

Prepared By:
R F Love & Company
Chartered Accountant
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS

Crown Developments (Waverley) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2022
DIRECTORS
Paul O'Brien
Adam Phelps
REGISTERED OFFICE
Holly House, 21d Chudleigh Road
Alphington
Exeter
Devon
EX2 8TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11688922
ACCOUNTANTS
R F Love & Company
Chartered Accountant
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS

Crown Developments (Waverley) Limited

ACCOUNTS
FOR THEYEARENDED30/11/2022
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Crown Developments (Waverley) Limited

BALANCE SHEET AT 30/11/2022
20222021
Notes££
CURRENT ASSETS
Stock533,112530,000
Debtors49,68367,966
Cash at bank and in hand650225
543,445598,191
CREDITORS: Amounts falling due within one year5475,275520,576
NET CURRENT ASSETS68,17077,615
TOTAL ASSETS LESS CURRENT LIABILITIES68,17077,615
CREDITORS: Amounts falling due after more than one year641,66747,210
NET ASSETS26,50330,405
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account26,50130,403
SHAREHOLDERS' FUNDS26,50330,405
For the year ending 30/11/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/11/2023 and signed on their behalf by
.............................
Paul O'Brien
Director

Crown Developments (Waverley) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20222021
No.No.
Average number of employees22
3. STOCK 20222021
££
Stock comprises:
Work in progress533,112530,000
533,112530,000

Crown Developments (Waverley) Limited

4. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors-58,282
VAT9,6819,681
Directors current account23
9,68367,966
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax6,3337,249
Loans - Crown Developments (Bristol)465,289509,827
Accruals3,6533,500
475,275520,576
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Bank loans (unsecured) >1yr41,66747,210
41,66747,210
7. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22