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REGISTERED NUMBER: 10402122 (England and Wales)















Crofts Holdings Limited

Unaudited Financial Statements for the Year Ended 31 October 2023






Crofts Holdings Limited (Registered number: 10402122)






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


Crofts Holdings Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr N Holdcroft





SECRETARY: Mrs S C H Holdcroft





REGISTERED OFFICE: Suite H, Kennet House
Office Village
River Way
Uckfield
East Sussex
TN22 1SL





REGISTERED NUMBER: 10402122 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Crofts Holdings Limited (Registered number: 10402122)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,370 2,370
Investment property 5 425,420 425,420
427,790 427,790

CURRENT ASSETS
Cash at bank 5,429 8,260

CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

404,897

324,856
NET CURRENT LIABILITIES (399,468 ) (316,596 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,322

111,194

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

29,962

103,056
NET (LIABILITIES)/ASSETS (1,640 ) 8,138

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings (1,650 ) 8,128
SHAREHOLDERS' FUNDS (1,640 ) 8,138

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.

Crofts Holdings Limited (Registered number: 10402122)

Balance Sheet - continued
31 October 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 director and authorised for issue on 26 July 2024 and were signed by:





Mr N Holdcroft - Director


Crofts Holdings Limited (Registered number: 10402122)

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

1. STATUTORY INFORMATION

Crofts Holdings 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
Turnover represents rent receivable. The company is not registered for VAT.

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.

Fixed asset investments
Investments in other participating interests are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Crofts Holdings Limited (Registered number: 10402122)

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

2. ACCOUNTING POLICIES - continued

Going concern
The director has assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern.

At the time of approving the financial statements the director believes that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next twelve months and thus conclude that the going concern basis remains appropriate.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 November 2022
and 31 October 2023 2,370
NET BOOK VALUE
At 31 October 2023 2,370
At 31 October 2022 2,370

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 425,420
NET BOOK VALUE
At 31 October 2023 425,420
At 31 October 2022 425,420

Crofts Holdings Limited (Registered number: 10402122)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,275 6,275
Other creditors 398,622 318,581
404,897 324,856

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 29,962 103,056

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over five years paid by
instalments

4,861

77,955

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 36,237 109,331

The bank loan is secured by way of a fixed charge over the property to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

10. RELATED PARTY DISCLOSURES

During the period Crofts Holdings Limited received loans from companies under common control totalling £80,000 (2022 - £nil). Crofts Holdings Limited made repayments to these companies totalling £nil (2022 - £nil). At the balance sheet date Crofts Holdings Limited owed the companies £394,287 (2022 - £314,287). These loans are unsecured, interest free and repayable on demand.