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REGISTERED NUMBER: 03022504 (England and Wales)

























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 23 JUNE 2023

FOR


NEW CRANE WHARF FREEHOLD LIMITED


NEW CRANE WHARF FREEHOLD LIMITED (REGISTERED NUMBER: 03022504)



CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 23 June 2023











Page




Company Information  

1




Report of the Accountants  

2




Balance Sheet  

3




Notes to the Financial Statements  

5





NEW CRANE WHARF FREEHOLD LIMITED



COMPANY INFORMATION

For The Year Ended 23 June 2023









DIRECTORS:

L M Johnson


J Perry


L Sindberg


W J C Quarterman







SECRETARY:

Kinleigh Limited







REGISTERED OFFICE:

Kfh House


5 Compton Road


London


SW19 7QA







REGISTERED NUMBER:

03022504 (England and Wales)







ACCOUNTANTS:

TC Group


1st Floor


Ocean Village Innovation Centre


Ocean Way


Southampton


Hampshire


SO14 3JZ



NEW CRANE WHARF FREEHOLD LIMITED



REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF

NEW CRANE WHARF FREEHOLD LIMITED



The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company from the company's accounting records and from information and explanations you have given us.


This report is made solely to the Board of Directors of the company, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.


It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that the company is exempt from the statutory audit requirement for the year.


We have not been instructed to carry out an audit or a review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







TC Group

1st Floor

Ocean Village Innovation Centre

Ocean Way

Southampton

Hampshire

SO14 3JZ



6 March 2024


NEW CRANE WHARF FREEHOLD LIMITED (REGISTERED NUMBER: 03022504)



BALANCE SHEET

23 June 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Investment property

4

2,364,626


2,364,626




CURRENT ASSETS

Debtors

5

7,793


7,252



Cash at bank

288,739


220,170



296,532


227,422



CREDITORS

Amounts falling due within one year

6

169,071


144,056



NET CURRENT ASSETS

127,461


83,366



TOTAL ASSETS LESS CURRENT LIABILITIES

2,492,087


2,447,992




PROVISIONS FOR LIABILITIES

7

308,686


308,686



NET ASSETS

2,183,401


2,139,306




CAPITAL AND RESERVES

Called up share capital

8

99


99



Share premium

9

252,328


252,328



Fair value reserve

9

1,624,667


1,624,667



Retained earnings

9

306,307


262,212



SHAREHOLDERS' FUNDS

2,183,401


2,139,306




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 June 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 23 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.


NEW CRANE WHARF FREEHOLD LIMITED (REGISTERED NUMBER: 03022504)



BALANCE SHEET - continued

23 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 5 March 2024  and were signed on its behalf by:






J Perry - Director



NEW CRANE WHARF FREEHOLD LIMITED (REGISTERED NUMBER: 03022504)



NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 23 June 2023



1.

STATUTORY INFORMATION



New Crane Wharf Freehold 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 comprises revenue recognised by the company in respect of amounts invoiced to occupiers in respect of rent and other property related charges and is accounted for on an accruals basis. Revenue does not include value added tax.



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.


Dividends


Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was NIL (2022 - 8 ).


NEW CRANE WHARF FREEHOLD LIMITED (REGISTERED NUMBER: 03022504)



NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 23 June 2023



4.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 24 June 2022


and 23 June 2023

2,364,626




NET BOOK VALUE


At 23 June 2023

2,364,626




At 23 June 2022

2,364,626




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Ground rent debtors

6,840


6,299




Other debtors

953


953



7,793


7,252




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Corporation tax

24,059


23,821




Other creditors

145,012


120,235



169,071


144,056




7.

PROVISIONS FOR LIABILITIES

2023

2022


£   

£   



Deferred tax

308,686


308,686





Deferred



tax


£   



Balance at 24 June 2022

308,686




Balance at 23 June 2023

308,686




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



99

Ordinary shares

£1

99


99




NEW CRANE WHARF FREEHOLD LIMITED (REGISTERED NUMBER: 03022504)



NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 23 June 2023



9.

RESERVES


Fair



Retained


Share


value



earnings


premium


reserve


Totals

£   

£   

£   

£   




At 24 June 2022

262,212


252,328


1,624,667


2,139,207




Profit for the year

56,195


-


-


56,195




Dividends

(12,100

)

-


-


(12,100

)



At 23 June 2023

306,307


252,328


1,624,667


2,183,302




10.

CONTROLLING PARTY



In the directors' opinion there is no controlling party.