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REGISTERED NUMBER: 07293043 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

CHRISTAL INVESTMENTS LTD

CHRISTAL INVESTMENTS LTD (REGISTERED NUMBER: 07293043)






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


CHRISTAL INVESTMENTS LTD

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTORS: A Battu
P K Farmah





SECRETARY: A Battu





REGISTERED OFFICE: 59 Kenilworth Road
Coventry
West Midlands
CV4 7AF





REGISTERED NUMBER: 07293043 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

CHRISTAL INVESTMENTS LTD (REGISTERED NUMBER: 07293043)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 196,738 210,245
Investment property 5 249,345 249,345
446,083 459,590

CURRENT ASSETS
Debtors 6 3,569 4,069
Cash at bank 5,692 62,615
9,261 66,684
CREDITORS
Amounts falling due within one year 7 22,112 32,674
NET CURRENT (LIABILITIES)/ASSETS (12,851 ) 34,010
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,232

493,600

CREDITORS
Amounts falling due after more than one
year

8

493,359

580,792
NET LIABILITIES (60,127 ) (87,192 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (61,127 ) (88,192 )
SHAREHOLDERS' FUNDS (60,127 ) (87,192 )

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.

CHRISTAL INVESTMENTS LTD (REGISTERED NUMBER: 07293043)

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 March 2024 and were signed on its behalf by:





P K Farmah - Director


CHRISTAL INVESTMENTS LTD (REGISTERED NUMBER: 07293043)

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

1. STATUTORY INFORMATION

Christal Investments Ltd 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.

The accounts have been prepared on a going concern basis which assumes the continued support of the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
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.

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.

3. EMPLOYEES AND DIRECTORS

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

CHRISTAL INVESTMENTS LTD (REGISTERED NUMBER: 07293043)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Long to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2022
and 30 June 2023 249,526 73,418 98,854 673 422,471
DEPRECIATION
At 1 July 2022 58,652 58,734 94,167 673 212,226
Charge for year 4,991 7,342 1,174 - 13,507
At 30 June 2023 63,643 66,076 95,341 673 225,733
NET BOOK VALUE
At 30 June 2023 185,883 7,342 3,513 - 196,738
At 30 June 2022 190,874 14,684 4,687 - 210,245

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 249,345
NET BOOK VALUE
At 30 June 2023 249,345
At 30 June 2022 249,345

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,069 4,069
Accrued income 2,500 -
3,569 4,069

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 7,961
Tax 9,452 10,819
VAT 3,023 4,331
Other creditors 8,500 8,500
Accrued expenses 1,137 1,063
22,112 32,674

CHRISTAL INVESTMENTS LTD (REGISTERED NUMBER: 07293043)

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 - 1-2 years - 8,347
Bank loans - 2-5 years - 25,040
Bank loans more 5 yr by instal - 75,081
Other creditors 493,359 472,324
493,359 580,792

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 75,081