Registered number
09439388
Crestdene Limited
Filleted Accounts
28 February 2023
Crestdene Limited
Registered number: 09439388
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,752,806 1,752,806
Current assets
Debtors 4 342,524 90,091
Cash at bank and in hand 12,592 51,831
355,116 141,922
Creditors: amounts falling due within one year 5 (1,377,868) (1,378,399)
Net current liabilities (1,022,752) (1,236,477)
Total assets less current liabilities 730,054 516,329
Creditors: amounts falling due after more than one year 6 (720,715) (507,621)
Net assets 9,339 8,708
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,338 8,707
Shareholders' funds 9,339 8,708
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Maurice Freund
Director
Approved by the board on 22 November 2023
Crestdene Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2022 1,752,806
At 28 February 2023 1,752,806
Depreciation
At 28 February 2023 -
Net book value
At 28 February 2023 1,752,806
At 28 February 2022 1,752,806
4 Debtors 2023 2022
£ £
Trade debtors - 20,090
Other debtors 342,524 70,001
342,524 90,091
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 148 678
Other creditors 1,377,720 1,377,721
1,377,868 1,378,399
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 720,715 507,621
7 Other information
Crestdene Limited is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
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