REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
CROWN PARK ESTATES LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Granary |
High Street |
Turvey |
Bedford |
Bedfordshire |
MK43 8DB |
SOLICITORS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Revaluation reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of consideration received from the rental of industrial properties. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 October 2022 |
Additions |
At 30 September 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for year |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
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 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
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. |