IRIS Accounts Production v24.1.0.576 05718233 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057182332022-12-31057182332023-12-31057182332023-01-012023-12-31057182332021-12-31057182332022-01-012022-12-31057182332022-12-3105718233ns15:EnglandWales2023-01-012023-12-3105718233ns14:PoundSterling2023-01-012023-12-3105718233ns10:Director12023-01-012023-12-3105718233ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105718233ns10:SmallEntities2023-01-012023-12-3105718233ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105718233ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105718233ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105718233ns10:FullAccounts2023-01-012023-12-3105718233ns10:OrdinaryShareClass12023-01-012023-12-3105718233ns10:Director22023-01-012023-12-3105718233ns10:Director32023-01-012023-12-3105718233ns10:Director42023-01-012023-12-3105718233ns10:CompanySecretary12023-01-012023-12-3105718233ns10:RegisteredOffice2023-01-012023-12-3105718233ns5:CurrentFinancialInstruments2023-12-3105718233ns5:CurrentFinancialInstruments2022-12-3105718233ns5:ShareCapital2023-12-3105718233ns5:ShareCapital2022-12-3105718233ns5:SharePremium2023-12-3105718233ns5:SharePremium2022-12-3105718233ns5:LandBuildings2023-01-012023-12-3105718233ns5:LandBuildings2022-12-3105718233ns5:LandBuildings2023-12-3105718233ns5:LandBuildings2022-12-3105718233ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 05718233 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CROWN CLOSE FREEHOLD LIMITED

CROWN CLOSE FREEHOLD LIMITED (REGISTERED NUMBER: 05718233)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CROWN CLOSE FREEHOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: B Danson
S Mourad
Ms R Price
Dr N Oswal





SECRETARY: B Danson





REGISTERED OFFICE: 57 Crown Close
Winkfield Road
Wood Green
London
N22 5HG





REGISTERED NUMBER: 05718233 (England and Wales)





ACCOUNTANTS: Skingle Helps & Co
28 Southway
Carshalton Beeches
Surrey
SM5 4HW

CROWN CLOSE FREEHOLD LIMITED (REGISTERED NUMBER: 05718233)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 115,810 115,810

CREDITORS
Amounts falling due within one year 5 5,730 5,730
NET CURRENT LIABILITIES (5,730 ) (5,730 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,080

110,080

CAPITAL AND RESERVES
Called up share capital 6 86 86
Share premium 109,994 109,994
SHAREHOLDERS' FUNDS 110,080 110,080

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2024 and were signed on its behalf by:





B Danson - Director


CROWN CLOSE FREEHOLD LIMITED (REGISTERED NUMBER: 05718233)

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


1. STATUTORY INFORMATION

Crown Close 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
The turnover of the company arises from the ground rents payable on 1 January and 1 July each year by the owners of flats at Crown Close, Winkfield Road, London N22 5HG.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - no depreciation is charged

The fixed asset comprises the freehold title to the land at Crown Close, Winkfield Road, London N22 5HG.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors
Short term debtors are measured at the transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short-term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

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

CROWN CLOSE FREEHOLD LIMITED (REGISTERED NUMBER: 05718233)

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


4. TANGIBLE FIXED ASSETS
Freehold
land
£   
COST
At 1 January 2023
and 31 December 2023 115,810
NET BOOK VALUE
At 31 December 2023 115,810
At 31 December 2022 115,810

The freehold land comprises the freehold of the land at Crown Close, Winkfield Road, London, N22 5HG, purchased on 30 June 2008.

£
Freehold purchase107,500
Legal fees of purchase8,310
115,810


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,707 1,374
Other creditors 4,023 4,356
5,730 5,730

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
86 Ordinary 1 86 86

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid dividends to the following directors who are also shareholders: Mr B Danson: £2,620; Mr S Mourad £3,274; Mrs R Price: £1,310; Dr N Oswal: £218.

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as the shares are owned by 48 shareholders and the shareholding of the largest shareholder is 17.4%.