Company Registration No. 10474539 (England and Wales)
CROMWELL PROPERTY GROUP LIMITED
Unaudited accounts
for the period from 1 December 2021 to 28 February 2023
CROMWELL PROPERTY GROUP LIMITED
Unaudited accounts
Contents
CROMWELL PROPERTY GROUP LIMITED
Company Information
for the period from 1 December 2021 to 28 February 2023
Director
Johan Andrew Logathasan
Company Number
10474539 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
CROMWELL PROPERTY GROUP LIMITED
Accountants' report
Accountants' report to the director of CROMWELL PROPERTY GROUP LIMITED on the preparation of the unaudited statutory accounts for the period from 1 December 2021 to 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
CROMWELL PROPERTY GROUP LIMITED for the period from
1 December 2021 to
28 February 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CROMWELL PROPERTY GROUP LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CROMWELL PROPERTY GROUP LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CROMWELL PROPERTY GROUP LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CROMWELL PROPERTY GROUP LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of CROMWELL PROPERTY GROUP LIMITED. You consider that CROMWELL PROPERTY GROUP LIMITED is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of CROMWELL PROPERTY GROUP LIMITED. 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 accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
19 October 2023
CROMWELL PROPERTY GROUP LIMITED
Statement of financial position
as at 28 February 2023
Investment property
182,905
152,165
Cash at bank and in hand
3,559
2,756
Creditors: amounts falling due within one year
(194,321)
(100,426)
Net current liabilities
(190,762)
(97,670)
Total assets less current liabilities
(764)
54,495
Creditors: amounts falling due after more than one year
(85,105)
(85,105)
Net liabilities
(85,869)
(30,610)
Called up share capital
10
10
Profit and loss account
(85,879)
(30,620)
Shareholders' funds
(85,869)
(30,610)
For the period ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 November 2023 and were signed on its behalf by
Johan Andrew Logathasan
Director
Company Registration No. 10474539
CROMWELL PROPERTY GROUP LIMITED
Notes to the Accounts
for the period from 1 December 2021 to 28 February 2023
CROMWELL PROPERTY GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10474539. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
CROMWELL PROPERTY GROUP LIMITED
Notes to the Accounts
for the period from 1 December 2021 to 28 February 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2021
-
1,619
1,619
At 28 February 2023
7,809
1,619
9,428
At 1 December 2021
-
1,619
1,619
Charge for the period
716
-
716
At 28 February 2023
716
1,619
2,335
At 28 February 2023
7,093
-
7,093
Fair value at 1 December 2021
152,165
Net loss from fair value adjustments
(40,823)
At 28 February 2023
182,905
6
Creditors: amounts falling due within one year
2023
2021
Other creditors
35,500
35,500
Loans from directors
157,561
64,326
7
Creditors: amounts falling due after more than one year
2023
2021
Other creditors
85,105
85,105
Aggregate of amounts that fall due for payment after five years
85,105
85,105
8
Transactions with related parties
Included in short-term liabilities is a loan of £35,500 (2021 - £35,500) from a related company. The loan is interest-free and repayable on demand.
9
Average number of employees
During the period the average number of employees was 0 (2021: 0).