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REGISTERED NUMBER: 05947420 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Crown Close Properties Ltd

Crown Close Properties Ltd (Registered number: 05947420)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crown Close Properties Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S C Littlebury
N M Sullivan
A K Tohani





SECRETARY: N M Sullivan





REGISTERED OFFICE: Burrows House
415 High St
Stratford
London
E15 4QZ





REGISTERED NUMBER: 05947420 (England and Wales)





ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA

Crown Close Properties Ltd (Registered number: 05947420)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 577,000 577,000

CURRENT ASSETS
Debtors 5 9,545 8,026
Cash at bank 51,659 50,311
61,204 58,337
CREDITORS
Amounts falling due within one year 6 113,198 149,343
NET CURRENT LIABILITIES (51,994 ) (91,006 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,006

485,994

CREDITORS
Amounts falling due after more than one
year

7

(5,683

)

(7,700

)

PROVISIONS FOR LIABILITIES (24,018 ) (24,018 )
NET ASSETS 495,305 454,276

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 9 495,302 454,273
SHAREHOLDERS' FUNDS 495,305 454,276

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Crown Close Properties Ltd (Registered number: 05947420)

Balance Sheet - continued
31 December 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 18 April 2024 and were signed on its behalf by:





S C Littlebury - Director


Crown Close Properties Ltd (Registered number: 05947420)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Crown Close Properties 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 NIL (2022 - NIL).

Crown Close Properties Ltd (Registered number: 05947420)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Freehold Long
property leasehold Totals
£    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 467,000 110,000 577,000
NET BOOK VALUE
At 31 December 2023 467,000 110,000 577,000
At 31 December 2022 467,000 110,000 577,000

Cost or valuation at 31 December 2023 is represented by:

Freehold Long
property leasehold Totals
£    £    £   
Valuation in 2017 467,000 110,000 577,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 9,249 7,550
Prepayments and accrued income 296 476
9,545 8,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 30,880
Tax 9,849 9,958
VAT 385 770
Other creditors 15,960 15,960
Directors' current accounts 76,478 82,478
Accrued expenses 10,526 9,297
113,198 149,343

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loan - Lloyds TSB04269519 5,683 7,700

Crown Close Properties Ltd (Registered number: 05947420)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
3 Ordinary shares 1 3 3

9. RESERVES
Retained
earnings
£   

At 1 January 2023 454,273
Profit for the year 41,029
At 31 December 2023 495,302