Company Registration No. 11364441 (England and Wales)
CROWNHOUSE PROJECT MANAGEMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
CROWNHOUSE PROJECT MANAGEMENT LTD
COMPANY INFORMATION
Director
Mr V D Hughes
Company number
11364441
Registered office
13 Stedham Walk
Swindon
Wiltshire
SN3 2LJ
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Metro Bank Plc
1 Southampton Row
London
WC1B 5HA
CROWNHOUSE PROJECT MANAGEMENT LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
CROWNHOUSE PROJECT MANAGEMENT LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CROWNHOUSE PROJECT MANAGEMENT LTD FOR THE YEAR ENDED 28 FEBRUARY 2023
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crownhouse Project Management Ltd for the year ended 28 February 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Crownhouse Project Management Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crownhouse Project Management Ltd and state those matters that we have agreed to state to the Board of Directors of Crownhouse Project Management Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crownhouse Project Management Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Crownhouse Project Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Crownhouse Project Management Ltd. You consider that Crownhouse Project Management Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Crownhouse Project Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
21 November 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
CROWNHOUSE PROJECT MANAGEMENT LTD
BALANCE SHEET
AS AT 28 FEBRUARY 2023
28 February 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,857
1,857
Current assets
Debtors
4
240,376
240,376
Creditors: amounts falling due within one year
5
(28,354)
(18,354)
Net current assets
212,022
222,022
Total assets less current liabilities
213,879
223,879
Creditors: amounts falling due after more than one year
6
(23,333)
(33,333)
Provisions for liabilities
8
(591)
(591)
Net assets
189,955
189,955
Capital and reserves
Called up share capital
9
1
1
Profit and loss reserves
189,954
189,954
Total equity
189,955
189,955
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has 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.
The financial statements were approved and signed by the director and authorised for issue on 21 November 2023.
Mr V D Hughes
Director
Company Registration No. 11364441
CROWNHOUSE PROJECT MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
1
Accounting policies
Company information
Crownhouse Project Management Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 13 Stedham Walk, Swindon, Wiltshire, SN3 2LJ.
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:
Computer equipment
33% on cost
Motor vehicles
25% reducing balance
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2022 - 1).
3
Tangible fixed assets
Computer equipment
Motor vehicles
Total
£
£
£
Cost
At 1 March 2022 and 28 February 2023
2,375
2,500
4,875
Depreciation and impairment
At 1 March 2022 and 28 February 2023
1,924
1,094
3,018
Carrying amount
At 28 February 2023
451
1,406
1,857
At 28 February 2022
451
1,406
1,857
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
240,376
240,376
CROWNHOUSE PROJECT MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
26,680
16,680
Trade creditors
1,674
1,674
28,354
18,354
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
23,333
33,333
7
Secured debts
The following secured debts are included within creditors:
2023
2022
£
£
Bank overdrafts
13
13
Bank loans
50,000
50,000
50,013
50,013
Bank loans are secured by way of a government-backed guarantee.
8
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
591
591
9
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary of £1 each
1
1
1
1
10
Ultimate controlling party
The ultimate controlling party is Mr V D Hughes.