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REGISTERED NUMBER: 01080606 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CROWN PARK ESTATES LIMITED

CROWN PARK ESTATES LIMITED (REGISTERED NUMBER: 01080606)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CROWN PARK ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: D L Titmuss



REGISTERED OFFICE: 9a Rushden Road
Wymington
Bedfordshire
NN10 9LN



REGISTERED NUMBER: 01080606 (England and Wales)



ACCOUNTANTS: Cox & Co. (Accountancy) Limited
Chartered Accountants
The Granary
High Street
Turvey
Bedford
Bedfordshire
MK43 8DB



SOLICITORS: Howes Percival
No 1 Bede Island Road
Bede Island Business Park
Leicester
Leicestershire
LE2 7EA

CROWN PARK ESTATES LIMITED (REGISTERED NUMBER: 01080606)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,728,597 8,835,018

CURRENT ASSETS
Debtors 5 47,744 74,551
Cash at bank 3,099,126 2,817,792
3,146,870 2,892,343
CREDITORS
Amounts falling due within one year 6 3,065,513 3,128,573
NET CURRENT ASSETS/(LIABILITIES) 81,357 (236,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,809,954

8,598,788

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 1,680 1,680
Revaluation reserve 8 7,955,223 7,955,223
Retained earnings 843,051 631,885
SHAREHOLDERS' FUNDS 8,809,954 8,598,788

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

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

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 director and authorised for issue on 16 February 2024 and were signed by:





D L Titmuss - Director


CROWN PARK ESTATES LIMITED (REGISTERED NUMBER: 01080606)

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

1. STATUTORY INFORMATION

Crown Park Estates 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 is measured at the fair value of consideration received from the rental of industrial properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 25% on cost

Going concern
At the balance sheet date, the company is dependant upon the continued support of the director who is financing the company.The director has considered a period of at least 12 months and considers the company will continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 12,621,325 59,252 12,680,577
Additions 123,945 - 123,945
At 30 September 2023 12,745,270 59,252 12,804,522
DEPRECIATION
At 1 October 2022 3,786,316 59,243 3,845,559
Charge for year 230,366 - 230,366
At 30 September 2023 4,016,682 59,243 4,075,925
NET BOOK VALUE
At 30 September 2023 8,728,588 9 8,728,597
At 30 September 2022 8,835,009 9 8,835,018

Included in cost or valuation of land and buildings is freehold land of £ 1,226,952 (2022 - £ 1,226,952 ) which is not depreciated.

CROWN PARK ESTATES LIMITED (REGISTERED NUMBER: 01080606)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2008 7,037,736 - 7,037,736
Valuation in 2010 1,227,003 - 1,227,003
Cost 4,480,531 59,252 4,539,783
12,745,270 59,252 12,804,522

If Freehold Land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 4,480,531 4,356,586
Aggregate depreciation 1,641,331 1,551,720

Value of land in freehold land and buildings 2,839,200 2,804,866

Some of the land and buildings include valuation by Underwood FRICS in 2008 and the directors consider the property values have not fallen since that date. Other properties have been valued by Harwoods FRICS in August 2010.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,400 47,200
Other debtors 30,344 27,351
47,744 74,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 23,478 13,317
Taxation and social security 136,382 154,696
Other creditors 2,905,653 2,960,560
3,065,513 3,128,573

CROWN PARK ESTATES LIMITED (REGISTERED NUMBER: 01080606)

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

7. SECURED DEBTS

Security is in the form of a fixed charge and negative pledge over freehold property, being:

3 Bury Close, Higham Ferrers, Northants;
Site E, Crown Way, Crown Park, Rushden, Northants;
Units 23 & 24 Francis Court, Wellingborough Road, Rushden, Northants;
Land at Henson Way, Kettering, Northants;
Units 25-29 Francis Court, Wellingborough Road, Rushden, Northants;
Site B1, Crown Business Park, Northampton Road, Rushden, Northants;
2 Crown Court, Crown Park, Rushden, Northants;
Units 2-22 Francis Court, Wellingborough Road, Rushden, Northants;
Unit 6 Norris Way, Rushden, Northants;
Land at Norris Way, Rushden, Northants;
Land at Paddocks Road, Rushden, Northants;
Land at Northampton Road, Rushden, Northants;
Land at Wellington Road, Rushden, Northants;
Site B, Crown Park, Rushden, Northants.

Also a fixed and floating charge over the undertaking and all property and assets.

8. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 7,955,223

9. RELATED PARTY DISCLOSURES

There is also a balance owing from the Company to the director, Mr D L Titmuss in the sum of £2,761,801 (2021: £2,761,801) at the balance sheet date.

10. ULTIMATE CONTROLLING PARTY

The company is 100% subsidiary company of Crown Park Holdings (Rushden) Ltd, previously known as Deejak Holdings Ltd. The company has taken advantage in not producing consolidated accounts on the basis that the group is a small group.

Mr D L Titmuss is the majority shareholder of Crown Park Holdings (Rushden) Ltd and is therefore the ultimate controlling party.