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REGISTERED NUMBER: 10195364 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CROWDITBUILDIT (OWERSBY) LIMITED

CROWDITBUILDIT (OWERSBY) LIMITED (REGISTERED NUMBER: 10195364)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROWDITBUILDIT (OWERSBY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Dr J P Kawalek



REGISTERED OFFICE: 620 Attercliffe Road
Atterclife
Sheffield
S9 3QS



REGISTERED NUMBER: 10195364 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: HSBC Bank PLC
5 Market Hill
Barnsley
South Yorkshire
S70 2PY

CROWDITBUILDIT (OWERSBY) LIMITED (REGISTERED NUMBER: 10195364)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 193 445

CURRENT ASSETS
Stocks 1,203,562 951,935
Debtors 5 10,361 22,344
Cash at bank 5,002 84,464
1,218,925 1,058,743
CREDITORS
Amounts falling due within one year 6 1,271,001 1,095,909
NET CURRENT LIABILITIES (52,076 ) (37,166 )
TOTAL ASSETS LESS CURRENT LIABILITIES (51,883 ) (36,721 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (51,983 ) (36,821 )
SHAREHOLDERS' FUNDS (51,883 ) (36,721 )

CROWDITBUILDIT (OWERSBY) LIMITED (REGISTERED NUMBER: 10195364)

BALANCE SHEET - continued
31 OCTOBER 2023


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

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

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 director and authorised for issue on 26 July 2024 and were signed by:





Dr J P Kawalek - Director


CROWDITBUILDIT (OWERSBY) LIMITED (REGISTERED NUMBER: 10195364)

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

1. STATUTORY INFORMATION

Crowditbuildit (Owersby) 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer Equipment33% straight line

Stocks
Properties under development and land & buildings for resale are valued at the lower of direct costs and net realisable value. No element of profit is included in the valuation of properties under development and land & buildings for resale.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments as appropriate. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CROWDITBUILDIT (OWERSBY) LIMITED (REGISTERED NUMBER: 10195364)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 757
DEPRECIATION
At 1 November 2022 312
Charge for year 252
At 31 October 2023 564
NET BOOK VALUE
At 31 October 2023 193
At 31 October 2022 445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax - 1,976
VAT 10,361 20,368
10,361 22,344

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 600 -
Other creditors 1,049,849 1,027,158
Directors' current accounts 219,438 67,689
Accruals and deferred income 1,114 1,062
1,271,001 1,095,909

CROWDITBUILDIT (OWERSBY) LIMITED (REGISTERED NUMBER: 10195364)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

8. PARENT COMPANY

The ultimate parent company is CrowditBuildit Limited, a company registered in England & Wales whose registered office is:

c/o Wosskow-Brown Solicitors
The John Banner Centre
620 Attercliffe Road
Sheffield
S9 3QS