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REGISTERED NUMBER: 06971922 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 31 July 2023

for

CROSSGATE PROPERTIES LIMITED

CROSSGATE PROPERTIES LIMITED (REGISTERED NUMBER: 06971922)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROSSGATE PROPERTIES LIMITED

Company Information
for the year ended 31 July 2023







DIRECTORS: G P Dentith
M G Stedman





REGISTERED OFFICE: Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX





REGISTERED NUMBER: 06971922 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

CROSSGATE PROPERTIES LIMITED (REGISTERED NUMBER: 06971922)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,350,170

CURRENT ASSETS
Debtors 5 14,747 38,324
Cash at bank 386,690 89,066
401,437 127,390
CREDITORS
Amounts falling due within one year 6 17,874 54,098
NET CURRENT ASSETS 383,563 73,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,563

1,423,462

CREDITORS
Amounts falling due after more than one
year

7

-

1,113,997
NET ASSETS 383,563 309,465

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 - 46,075
Retained earnings 383,463 263,290
SHAREHOLDERS' FUNDS 383,563 309,465

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

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

CROSSGATE PROPERTIES LIMITED (REGISTERED NUMBER: 06971922)

Balance Sheet - continued
31 July 2023


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:





G P Dentith - Director


CROSSGATE PROPERTIES LIMITED (REGISTERED NUMBER: 06971922)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Crossgate Properties 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.

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.
Freehold property - Nil
Improvements to property - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

CROSSGATE PROPERTIES LIMITED (REGISTERED NUMBER: 06971922)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 August 2022 1,051,525 298,475 2,553 1,957 1,354,510
Disposals (1,051,525 ) (298,475 ) (2,553 ) (1,957 ) (1,354,510 )
At 31 July 2023 - - - - -
DEPRECIATION
At 1 August 2022 - - 2,383 1,957 4,340
Eliminated on disposal - - (2,383 ) (1,957 ) (4,340 )
At 31 July 2023 - - - - -
NET BOOK VALUE
At 31 July 2023 - - - - -
At 31 July 2022 1,051,525 298,475 170 - 1,350,170

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,845 28,738
Other debtors 6,902 9,586
14,747 38,324

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 45,133
Trade creditors 4,673 8,965
Taxation and social security 13,201 -
17,874 54,098

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 517,241
Other creditors - 596,756
- 1,113,997

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 426,975

CROSSGATE PROPERTIES LIMITED (REGISTERED NUMBER: 06971922)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 562,374

The bank loan is secured by a fixed and floating charge over the assets of the company.

9. RESERVES
Revaluation
reserve
£   
At 1 August 2022 46,075
Revaluation movement (46,075 )

At 31 July 2023 -