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REGISTERED NUMBER: 02653278 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Crownmead Properties Ltd

Crownmead Properties Ltd (Registered number: 02653278)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Crownmead Properties Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr H B Clarke





SECRETARY: Mrs V A Clarke





REGISTERED OFFICE: 19-21 Manor Road
Caddington
Bedfordshire
LU1 4EE





REGISTERED NUMBER: 02653278 (England and Wales)





ACCOUNTANTS: Astons Accountants
Chartered Certified Accountants
19-21 Manor Road
Caddington
Bedfordshire
LU1 4EE

Crownmead Properties Ltd (Registered number: 02653278)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 2,000
Tangible assets 5 - 48
1,000 2,048

CURRENT ASSETS
Debtors 6 1,843 799
Prepayments and accrued income 15,423 -
Cash at bank 270,822 186,638
288,088 187,437
CREDITORS
Amounts falling due within one year 7 51,769 32,525
NET CURRENT ASSETS 236,319 154,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,319

156,960

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 237,311 156,952
SHAREHOLDERS' FUNDS 237,319 156,960

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.

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 5 September 2023 and were signed by:



Mr H B Clarke - Director


Crownmead Properties Ltd (Registered number: 02653278)

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

1. STATUTORY INFORMATION

Crownmead Properties Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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 NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022 8,000
Amortisation for year 1,000
At 31 March 2023 9,000
NET BOOK VALUE
At 31 March 2023 1,000
At 31 March 2022 2,000

Crownmead Properties Ltd (Registered number: 02653278)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 1,794 524 2,318
DEPRECIATION
At 1 April 2022 1,746 524 2,270
Charge for year 48 - 48
At 31 March 2023 1,794 524 2,318
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 48 - 48

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 900 616
Prepayments 943 183
1,843 799

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 24,256 15,896
VAT 12,818 6,049
Directors' current accounts 12,670 8,730
Accrued expenses 2,025 1,850
51,769 32,525