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REGISTERED NUMBER: 00551388 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

CRESSWELL GARDENS PROPERTY CO. LIMITED

CRESSWELL GARDENS PROPERTY CO. LIMITED (REGISTERED NUMBER: 00551388)






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


CRESSWELL GARDENS PROPERTY CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs G M Lane
Mrs L F H Lane
Miss C E I Lane
Mrs F R L Roberts





REGISTERED OFFICE: Leigh Place
Leigh Place Road
Leigh
Reigate
Surrey
RH2 8RF





REGISTERED NUMBER: 00551388 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

CRESSWELL GARDENS PROPERTY CO. LIMITED (REGISTERED NUMBER: 00551388)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 785,000 785,000
785,000 785,000

CURRENT ASSETS
Debtors 6 13,797 24,399
Cash at bank 3,410 810
17,207 25,209
CREDITORS
Amounts falling due within one year 7 212,930 208,192
NET CURRENT LIABILITIES (195,723 ) (182,983 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,277

602,017

PROVISIONS FOR LIABILITIES 36,809 36,809
NET ASSETS 552,468 565,208

CAPITAL AND RESERVES
Called up share capital 8 105 105
Retained earnings 552,363 565,103
552,468 565,208

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.

CRESSWELL GARDENS PROPERTY CO. LIMITED (REGISTERED NUMBER: 00551388)

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 17 April 2024 and were signed on its behalf by:





Mrs G M Lane - Director


CRESSWELL GARDENS PROPERTY CO. LIMITED (REGISTERED NUMBER: 00551388)

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

1. STATUTORY INFORMATION

Cresswell Gardens Property Co. 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.

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.

Turnover
Turnover represents rental income. Rental Income is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022
and 31 July 2023 1,368
DEPRECIATION
At 1 August 2022
and 31 July 2023 1,368
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

CRESSWELL GARDENS PROPERTY CO. LIMITED (REGISTERED NUMBER: 00551388)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 785,000
NET BOOK VALUE
At 31 July 2023 785,000
At 31 July 2022 785,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 1994 186,512
Valuation in 2013 208,847
Valuation in 2015 115,000
Cost 274,641
785,000

Investment property was valued on an open market basis on 31 July 2019 by a director, N.S.W.R Lane.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 4,755 8,307
Rent Account 4,489 8,810
Rosterney Property Limited 4,553 4,282
Rostaglow Limited - 3,000
13,797 24,399

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Tax (649 ) 10,705
Other creditors 9,125 19,125
Gleanbeam properties ltd 191,930 169,330
Accrued expenses 12,524 9,032
212,930 208,192

CRESSWELL GARDENS PROPERTY CO. LIMITED (REGISTERED NUMBER: 00551388)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number Class Nominal Value 2023 2022
£    £   
140 Ordinary A £0.25 35 35
68 Ordinary C £0.25 17 17
16 Ordinary E £0.25 4 4
19 Ordinary F £0.25 5 5
19 Ordinary G £0.25 5 5
19 Ordinary H £0.25 5 5
16 Ordinary I £0.25 4 4
16 Ordinary J £0.25 4 4
16 Ordinary K £0.25 4 4
16 Ordinary L £0.25 4 4
72 Ordinary M £0.25 18 18
1 Ordinary N £0.25 0 0
1 Ordinary O £0.25 0 0
1 Ordinary P £0.25 0 0
105 105

9. RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors, there is an amount owed to companies under common control of £191,930 (2022: £179,330). These amounts are interest free and repayable upon demand.

At the balance sheet date, included within other debtors, there is an amount due from companies under common control of £4,755 (2022: £8,307). These amounts are interest free and repayable upon demand.

At the balance sheet date, included within other debtors, there is an amount due from companies under common control of £4,553 (2022: £4,282). These amounts are interest free and repayable upon demand.