IRIS Accounts Production v23.3.0.418 SC318304 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3183042022-08-31SC3183042023-08-31SC3183042022-09-012023-08-31SC3183042021-08-31SC3183042021-09-012022-08-31SC3183042022-08-31SC318304ns10:Originalns15:Scotland2022-09-012023-08-31SC318304ns14:PoundSterlingns10:Original2022-09-012023-08-31SC318304ns10:Originalns10:Director12022-09-012023-08-31SC318304ns10:Original2022-09-012023-08-31SC318304ns10:Original2023-08-31SC318304ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-31SC318304ns10:Originalns10:SmallEntities2022-09-012023-08-31SC318304ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-31SC318304ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-31SC318304ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-31SC318304ns10:Originalns10:FullAccounts2022-09-012023-08-31SC318304ns10:Originalns10:EntityNoLongerTradingButTradedInPast2022-09-012023-08-31SC318304ns10:Originalns10:Director32022-09-012023-08-31SC318304ns10:Originalns10:RegisteredOffice2022-09-012023-08-31SC318304ns10:Original2022-08-31SC318304ns10:Originalns5:CurrentFinancialInstruments2023-08-31SC318304ns10:Originalns5:CurrentFinancialInstruments2022-08-31SC318304ns5:ShareCapitalns10:Original2023-08-31SC318304ns5:ShareCapitalns10:Original2022-08-31SC318304ns10:Originalns5:RevaluationReserve2023-08-31SC318304ns10:Originalns5:RevaluationReserve2022-08-31SC318304ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-31SC318304ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-31SC318304ns10:Originalns5:LandBuildings2022-09-012023-08-31SC318304ns10:Original2021-09-012022-08-31SC318304ns10:Originalns5:LandBuildings2022-08-31SC318304ns10:Originalns5:LandBuildings2023-08-31SC318304ns10:Originalns5:LandBuildings2022-08-31
REGISTERED NUMBER: SC318304 (Scotland)















Crown Parks (Estates) Limited

Unaudited Financial Statements for the Year Ended 31 August 2023






Crown Parks (Estates) Limited (Registered number: SC318304)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Crown Parks (Estates) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: C A Welch (Snr)
A J Welch





REGISTERED OFFICE: Seaton House
Seaton Estate
Seaton Road
Seaton
Arbroath, Angus
DD11 5SE





REGISTERED NUMBER: SC318304 (Scotland)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Crown Parks (Estates) Limited (Registered number: SC318304)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 350,000 850,000

CREDITORS
Amounts falling due within one year 5 621,642 621,642
NET CURRENT LIABILITIES (621,642 ) (621,642 )
TOTAL ASSETS LESS CURRENT LIABILITIES (271,642 ) 228,358

PROVISIONS FOR LIABILITIES - 122,500
NET (LIABILITIES)/ASSETS (271,642 ) 105,858

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve (10,000 ) 367,500
Retained earnings (261,643 ) (261,643 )
SHAREHOLDERS' FUNDS (271,642 ) 105,858

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 6 February 2024 and were signed on its behalf by:





C A Welch (Snr) - Director


Crown Parks (Estates) Limited (Registered number: SC318304)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Crown Parks (Estates) Limited is a private company, limited by shares , registered in Scotland. 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.

The financial statements have been prepared adopting the going concern principle despite the balance sheet showing an excess of liabilities over assets of £271,642. The current liabilities include amounts of £621,642 owed to group companies.The directors have confirmed the continued support of the group companies and that amounts due will not be repayable by the company until cash flow and profitability allow.
On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

The company was dormant throughout the current year and previous year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - not provided

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.In years where an independent valuation was not sought the freehold property is revalued on a fair value basis by the director.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.


Crown Parks (Estates) Limited (Registered number: SC318304)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 September 2022 850,000
Revaluations (500,000 )
At 31 August 2023 350,000
NET BOOK VALUE
At 31 August 2023 350,000
At 31 August 2022 850,000

The freehold property was valued by an independent valuer on an open market basis in May 2021 and was revalued on a fair value basis by the directors on 31 August 2023.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 621,642 621,642

6. SECURED DEBTS

The property is held as security, in favour of the Clydesdale Bank, with regards to the bank loan included in the parent company's accounts.

Crown Parks (Estates) Limited (Registered number: SC318304)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. ULTIMATE CONTROLLING PARTY

Crown Parks (Estates) Limited is a 100% owned subsidiary of the parent undertaking, Crown Parks Limited, a company incorporated in Scotland with its registered office at Seaton House, Seaton Estate, Seaton Road, Arbroath, Angus, 0D11 SSE.