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REGISTERED NUMBER: 06184700 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CROWNBELL INVESTMENTS LIMITED

CROWNBELL INVESTMENTS LIMITED (REGISTERED NUMBER: 06184700)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROWNBELL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr J Feldman





REGISTERED OFFICE: 105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ





REGISTERED NUMBER: 06184700 (England and Wales)





ACCOUNTANTS: DAS Accounting Services Ltd
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

CROWNBELL INVESTMENTS LIMITED (REGISTERED NUMBER: 06184700)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible fixed assets 5 6,550,000 6,379,538

CURRENT ASSETS
Debtors 6 3,477,354 3,359,882
Cash at bank 36,171 23,352
3,513,525 3,383,234
CREDITORS
Amounts falling due within one year 7 (3,770,129 ) (3,542,382 )
NET CURRENT LIABILITIES (256,604 ) (159,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,293,396

6,220,390

CREDITORS
Amounts falling due after more than one year 8 (3,154,134 ) (3,237,476 )

PROVISIONS FOR LIABILITIES 9 (494,000 ) (488,638 )
NET ASSETS 2,645,262 2,494,276

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,645,260 2,494,274
2,645,262 2,494,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CROWNBELL INVESTMENTS LIMITED (REGISTERED NUMBER: 06184700)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





Mr J Feldman - Director


CROWNBELL INVESTMENTS LIMITED (REGISTERED NUMBER: 06184700)

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

1. STATUTORY INFORMATION

Crownbell Investments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The director does not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

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

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


CROWNBELL INVESTMENTS LIMITED (REGISTERED NUMBER: 06184700)

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

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Investment
property
£   
COST OR VALUATION
At 1 April 2022 6,379,538
Additions 9,848
Revaluations 160,614
At 31 March 2023 6,550,000
NET BOOK VALUE
At 31 March 2023 6,550,000
At 31 March 2022 6,379,538

The director is of the opinion that £6,550,000 represents the open market value of the investment properties at 31 March 2023. The historical cost of the investment properties is £3,515,043 (2022: £3,505,195).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 3,631
Other debtors 3,477,354 3,356,251
3,477,354 3,359,882

CROWNBELL INVESTMENTS LIMITED (REGISTERED NUMBER: 06184700)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 89,342 104,916
Taxation and social security 15,940 15,940
Other creditors 3,664,847 3,421,526
3,770,129 3,542,382

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 3,154,134 3,237,476

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 494,000 488,638

Deferred
tax
£   
Balance at 1 April 2022 488,638
Movement during the year 5,362
Balance at 31 March 2023 494,000

The provision for deferred tax is in relation to timing differences in respect of the revaluation of investment
properties.