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REGISTERED NUMBER: 08327299 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

CRYSTAL PHOTOS 3D LIMITED

CRYSTAL PHOTOS 3D LIMITED (REGISTERED NUMBER: 08327299)

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


CRYSTAL PHOTOS 3D LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Ms A M Hatcher
Mr I Mackenzie





REGISTERED OFFICE: 11 Partridge Drive
Poole
Dorset
BH14 8HJ





REGISTERED NUMBER: 08327299 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

CRYSTAL PHOTOS 3D LIMITED (REGISTERED NUMBER: 08327299)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 395,000 254,086

CURRENT ASSETS
Debtors 5 6,471 26,247
Cash at bank 78,377 132,734
84,848 158,981
CREDITORS
Amounts falling due within one year 6 16,813 61,272
NET CURRENT ASSETS 68,035 97,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,035

351,795

PROVISIONS FOR LIABILITIES 35,229 -
NET ASSETS 427,806 351,795

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserve 7 105,685 -
Retained earnings 7 322,119 351,793
SHAREHOLDERS' FUNDS 427,806 351,795

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 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.

CRYSTAL PHOTOS 3D LIMITED (REGISTERED NUMBER: 08327299)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:





Ms A M Hatcher - Director


CRYSTAL PHOTOS 3D LIMITED (REGISTERED NUMBER: 08327299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Crystal Photos 3D 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 represents services provided and rents receivable during the year, exclusive of Value Added Tax.

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.

In accordance with the provisions of FRS 102 freehold investment buildings are not depreciated.

This is in contravention to the Companies Act 2006 which requires all tangible fixed assets to be depreciated. The directors are of the opinion that this departure from the Companies Act 2006 is needed to present a true and fair view.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CRYSTAL PHOTOS 3D LIMITED (REGISTERED NUMBER: 08327299)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 254,086
Revaluations 140,914
At 31 March 2023 395,000
NET BOOK VALUE
At 31 March 2023 395,000
At 31 March 2022 254,086

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 140,914
Cost 254,086
395,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 254,086 254,086

Investment property was valued on an open market basis on 31 March 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,471 26,247

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,071 23,809
Other creditors 11,742 37,463
16,813 61,272

CRYSTAL PHOTOS 3D LIMITED (REGISTERED NUMBER: 08327299)

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


7. RESERVES
Retained Other
earnings reserve Totals
£    £    £   

At 1 April 2022 351,793 - 351,793
Profit for the year 116,011 116,011
Dividends (40,000 ) (40,000 )
Transfer on reserves (105,685 ) 105,685 -
At 31 March 2023 322,119 105,685 427,804

The other reserve represents non distributable gains made by the company on the revaluation of investment properties.

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company had received loans from the directors of £432 (2022 - £26,198) which are included in creditors falling due within one year. This balance is interest free and repayable on demand.