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REGISTERED NUMBER: 05855300 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

CRESSAR LIMITED

CRESSAR LIMITED (REGISTERED NUMBER: 05855300)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRESSAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: V A Rajkumar
Mrs T V Lashkari





SECRETARY: Mrs T V Lashkari





REGISTERED OFFICE: Park View
Mount Park Road
Harrow
Middlesex
HA1 3JS





REGISTERED NUMBER: 05855300 (England and Wales)





ACCOUNTANTS: Panton Accountancy Services Limited
The Pinnacle
170 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 1BP

CRESSAR LIMITED (REGISTERED NUMBER: 05855300)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,663 30,261
Investments 5 261,345 256,168
284,008 286,429

CURRENT ASSETS
Debtors 6 152,759 181,089
Cash at bank 34,832 25,863
187,591 206,952
CREDITORS
Amounts falling due within one year 7 247,368 211,598
NET CURRENT LIABILITIES (59,777 ) (4,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,231

281,783

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 224,131 281,683
224,231 281,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:



V A Rajkumar - Director


CRESSAR LIMITED (REGISTERED NUMBER: 05855300)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Cressar 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

CRESSAR LIMITED (REGISTERED NUMBER: 05855300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 47,990
DEPRECIATION
At 1 July 2022 17,729
Charge for year 7,598
At 30 June 2023 25,327
NET BOOK VALUE
At 30 June 2023 22,663
At 30 June 2022 30,261

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2022 256,168
Revaluations 5,177
At 30 June 2023 261,345
NET BOOK VALUE
At 30 June 2023 261,345
At 30 June 2022 256,168

Cost or valuation at 30 June 2023 is represented by:

Other
investments
£   
Valuation in 2019 5,926
Valuation in 2020 (81,962 )
Valuation in 2021 31,808
Valuation in 2022 (119,861 )
Valuation in 2023 5,177
Cost 420,257
261,345

CRESSAR LIMITED (REGISTERED NUMBER: 05855300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 293,244 293,244

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors - 28,088
Other debtors 152,759 153,001
152,759 181,089

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 2,160 -
Other creditors 245,208 211,598
247,368 211,598