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REGISTERED NUMBER: 09319999 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

CROSSFOLD LIMITED

CROSSFOLD LIMITED (REGISTERED NUMBER: 09319999)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROSSFOLD LIMITED

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTORS: Mrs M Jackson
J E C Jackson





SECRETARY: J E C Jackson





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 09319999 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

CROSSFOLD LIMITED (REGISTERED NUMBER: 09319999)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,481 3,308
Investment property 5 757,577 851,018
760,058 854,326

CURRENT ASSETS
Debtors 6 46,813 -
Cash at bank and in hand 157,781 120,048
204,594 120,048
CREDITORS
Amounts falling due within one year 7 (27,523 ) (8,821 )
NET CURRENT ASSETS 177,071 111,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

937,129

965,553

CREDITORS
Amounts falling due after more than one
year

8

-

(39,443

)

PROVISIONS FOR LIABILITIES (471 ) (629 )
NET ASSETS 936,658 925,481

CAPITAL AND RESERVES
Called up share capital 602 602
Share premium 724,500 724,500
Retained earnings 211,556 200,379
936,658 925,481

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

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

CROSSFOLD LIMITED (REGISTERED NUMBER: 09319999)

BALANCE SHEET - continued
30 June 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 1 February 2024 and were signed on its behalf by:




J E C Jackson - Director



Mrs M Jackson - Director


CROSSFOLD LIMITED (REGISTERED NUMBER: 09319999)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Crossfold 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 rents received or receivable, net of discounts and value added taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

CROSSFOLD LIMITED (REGISTERED NUMBER: 09319999)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 24,781
DEPRECIATION
At 1 July 2022 21,473
Charge for year 827
At 30 June 2023 22,300
NET BOOK VALUE
At 30 June 2023 2,481
At 30 June 2022 3,308

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 851,018
Disposals (93,441 )
At 30 June 2023 757,577
NET BOOK VALUE
At 30 June 2023 757,577
At 30 June 2022 851,018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 35,000 -
Tax 11,813 -
46,813 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 19,423 482
VAT 828 825
Other creditors 645 1,125
Directors' current accounts 5,125 5,097
Accrued expenses 1,502 1,292
27,523 8,821

CROSSFOLD LIMITED (REGISTERED NUMBER: 09319999)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 39,443

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
J E C Jackson
Balance outstanding at start of year - -
Amounts advanced 35,000 14,513
Amounts repaid - (14,513 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,000 -

Mrs M Jackson
Balance outstanding at start of year - -
Amounts advanced - 16,000
Amounts repaid - (16,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £18,000 (2022 - £20,000) were paid to the directors .