IRIS Accounts Production v23.3.1.45 11977557 director 1.6.22 31.5.23 31.5.23 0 0 false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119775572022-05-31119775572023-05-31119775572022-06-012023-05-31119775572021-05-31119775572021-06-012022-05-31119775572022-05-3111977557ns10:Originalns15:EnglandWales2022-06-012023-05-3111977557ns14:PoundSterlingns10:Original2022-06-012023-05-3111977557ns10:Originalns10:Director12022-06-012023-05-3111977557ns10:Original2022-06-012023-05-3111977557ns10:Original2023-05-3111977557ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3111977557ns10:Originalns10:SmallEntities2022-06-012023-05-3111977557ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3111977557ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3111977557ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3111977557ns10:Originalns10:AbridgedAccounts2022-06-012023-05-3111977557ns10:Original2021-06-012022-05-3111977557ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3111977557ns10:Originalns10:OrdinaryShareClass22022-06-012023-05-3111977557ns10:Originalns10:RegisteredOffice2022-06-012023-05-3111977557ns10:Original2022-05-3111977557ns10:Originalns5:CurrentFinancialInstruments2023-05-3111977557ns10:Originalns5:CurrentFinancialInstruments2022-05-3111977557ns10:Originalns5:Non-currentFinancialInstruments2023-05-3111977557ns10:Originalns5:Non-currentFinancialInstruments2022-05-3111977557ns5:ShareCapitalns10:Original2023-05-3111977557ns5:ShareCapitalns10:Original2022-05-3111977557ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3111977557ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3111977557ns10:Original2022-05-3111977557ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-3111977557ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-05-3111977557ns5:Securedns10:Original2023-05-3111977557ns5:Securedns10:Original2022-05-3111977557ns10:Originalns5:DeferredTaxation2022-05-3111977557ns10:Originalns5:DeferredTaxation2023-05-3111977557ns10:Originalns10:OrdinaryShareClass12023-05-3111977557ns10:Originalns10:OrdinaryShareClass22023-05-31
REGISTERED NUMBER: 11977557 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

CROSBY GATE PROPERTY LIMITED

CROSBY GATE PROPERTY LIMITED (REGISTERED NUMBER: 11977557)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CROSBY GATE PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: J S Maclaren





REGISTERED OFFICE: 28 Echo Barn Lane
Farnham
Surrey
GU10 4NH





REGISTERED NUMBER: 11977557 (England and Wales)





ACCOUNTANTS: D & J Randles
Chartered Accountants
4 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

CROSBY GATE PROPERTY LIMITED (REGISTERED NUMBER: 11977557)

ABRIDGED BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 104,000 238,944

CURRENT ASSETS
Cash at bank 2,818 1,440

CREDITORS
Amounts falling due within one year 10,837 152,767
NET CURRENT LIABILITIES (8,019 ) (151,327 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,981

87,617

CREDITORS
Amounts falling due after more than one
year

5

(79,595

)

(79,595

)

PROVISIONS FOR LIABILITIES 7 (3,250 ) (1,661 )
NET ASSETS 13,136 6,361

CAPITAL AND RESERVES
Called up share capital 8 6 6
Retained earnings 13,130 6,355
SHAREHOLDERS' FUNDS 13,136 6,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

CROSBY GATE PROPERTY LIMITED (REGISTERED NUMBER: 11977557)

ABRIDGED BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 February 2024 and were signed by:





J S Maclaren - Director


CROSBY GATE PROPERTY LIMITED (REGISTERED NUMBER: 11977557)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Crosby Gate Property 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.

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 represents rents receivable. The company is not registered for value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2022 - NIL).

CROSBY GATE PROPERTY LIMITED (REGISTERED NUMBER: 11977557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 238,944
Additions 3,111
Disposals (138,055 )
At 31 May 2023 104,000
NET BOOK VALUE
At 31 May 2023 104,000
At 31 May 2022 238,944

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2022 18,232
Cost 85,768
104,000

If investment property had not been revalued it would have been included at the following historical cost:

31.5.23 31.5.22
£    £   
Cost 85,768 220,712

Investment property was valued on an open market basis on 31 May 2022 by the director .

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.5.23 31.5.22
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 79,595 79,595

6. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 79,595 79,595

Bank loans are secured by a charge on one of the company's investment properties.

7. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 3,250 1,661

CROSBY GATE PROPERTY LIMITED (REGISTERED NUMBER: 11977557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2022 1,661
Deferred tax on property reval 1,589
Less losses carried forward
Balance at 31 May 2023 3,250

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
5 Ordinary A £1 5 5
1 Ordinary B £1 1 1
6 6

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J S Maclaren.