THE CROWN STREET PRACTICE LIMITED 09048617 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is the provision of dental services. Digita Accounts Production Advanced 6.30.9574.0 true true 09048617 2022-06-01 2023-05-31 09048617 2023-05-31 09048617 bus:OrdinaryShareClass1 2023-05-31 09048617 bus:Original 2023-05-31 09048617 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 09048617 core:OtherPropertyPlantEquipment 2023-05-31 09048617 bus:SmallEntities 2022-06-01 2023-05-31 09048617 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 09048617 bus:FullAccounts 2022-06-01 2023-05-31 09048617 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 09048617 bus:RegisteredOffice 2022-06-01 2023-05-31 09048617 bus:Director1 2022-06-01 2023-05-31 09048617 bus:Director2 2022-06-01 2023-05-31 09048617 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 09048617 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 09048617 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 09048617 core:ToolsEquipment 2022-06-01 2023-05-31 09048617 countries:EnglandWales 2022-06-01 2023-05-31 09048617 2022-05-31 09048617 core:OtherPropertyPlantEquipment 2022-05-31 09048617 2021-06-01 2022-05-31 09048617 2022-05-31 09048617 bus:OrdinaryShareClass1 2022-05-31 09048617 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 09048617 core:OtherPropertyPlantEquipment 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09048617

THE CROWN STREET PRACTICE LIMITED

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2023

 

THE CROWN STREET PRACTICE LIMITED

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

THE CROWN STREET PRACTICE LIMITED

Company Information

Directors

Mr D Driscoll

Mrs M Driscoll

Registered office

The White Cottage
27 The Causeway
Potters Bar
Herts
EN6 5HD

Accountants

Mawson Breskal & Co
Chartered Accountants
6 Parkgate Avenue
Barnet
Herts
EN4 0NR

 

THE CROWN STREET PRACTICE LIMITED

(Registration number: 09048617)
Abridged Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

5,552

7,402

Current assets

 

Cash at bank and in hand

 

61,504

46,952

Creditors: Amounts falling due within one year

(71,712)

(53,123)

Net current liabilities

 

(10,208)

(6,171)

Total assets less current liabilities

 

(4,656)

1,231

Accruals and deferred income

 

(1,050)

(990)

Net (liabilities)/assets

 

(5,706)

241

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(5,806)

141

Shareholders' (deficit)/funds

 

(5,706)

241

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 February 2024 and signed on its behalf by:
 

 

THE CROWN STREET PRACTICE LIMITED

(Registration number: 09048617)
Abridged Balance Sheet as at 31 May 2023

.........................................
Mr D Driscoll
Director

 

THE CROWN STREET PRACTICE LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The White Cottage
27 The Causeway
Potters Bar
Herts
EN6 5HD
United Kingdom

The principal place of business is:
Old Kings Yard
16a Crown street
CM14 4BA
United Kingdom

These financial statements were authorised for issue by the Board on 23 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

THE CROWN STREET PRACTICE LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Dental equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

THE CROWN STREET PRACTICE LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including any directors under contract) during the year, was 0 (2022 - 0).

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2022

17,546

17,546

At 31 May 2023

17,546

17,546

Depreciation

At 1 June 2022

10,144

10,144

Charge for the year

1,850

1,850

At 31 May 2023

11,994

11,994

Carrying amount

At 31 May 2023

5,552

5,552

At 31 May 2022

7,402

7,402

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

THE CROWN STREET PRACTICE LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

7

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £750.00 (2022 - £665.00) per ordinary share

 

75,000

 

66,500

         

8

Related party transactions

 

THE CROWN STREET PRACTICE LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

11,900

10,800

Contributions paid to money purchase schemes

11,639

11,639

23,539

22,439