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REGISTERED NUMBER: 09849757 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2023

FOR

CROWN ALUMINIUM HOLDINGS LTD

CROWN ALUMINIUM HOLDINGS LTD (REGISTERED NUMBER: 09849757)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROWN ALUMINIUM HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 OCTOBER 2023







DIRECTORS: G Summers
B S Summers
L Summers
L McBeth
S J Smith
D Hayward-Bradley





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 09849757 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

CROWN ALUMINIUM HOLDINGS LTD (REGISTERED NUMBER: 09849757)

BALANCE SHEET
30 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 823,501 907,943
Investments 5 1 1
823,502 907,944

CURRENT ASSETS
Cash at bank 176 23,358

CREDITORS
Amounts falling due within one year 6 331,756 366,134
NET CURRENT LIABILITIES (331,580 ) (342,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,922

565,168

CREDITORS
Amounts falling due after more than one
year

7

(315,535

)

(391,300

)

PROVISIONS FOR LIABILITIES (37,684 ) (49,009 )
NET ASSETS 138,703 124,859

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 138,603 124,759
SHAREHOLDERS' FUNDS 138,703 124,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 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 ALUMINIUM HOLDINGS LTD (REGISTERED NUMBER: 09849757)

BALANCE SHEET - continued
30 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 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 30 July 2024 and were signed on its behalf by:





D Hayward-Bradley - Director


CROWN ALUMINIUM HOLDINGS LTD (REGISTERED NUMBER: 09849757)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023


1. STATUTORY INFORMATION

Crown Aluminium Holdings 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Crown Aluminium Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is based on total invoiced value of sales made during the year, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.


CROWN ALUMINIUM HOLDINGS LTD (REGISTERED NUMBER: 09849757)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The financial statements have been prepared on the going concern basis, on the understanding that the company will receive continued support from the directors for a period of at least 12 months from the date of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 October 2022
and 30 October 2023 650,000 422,634 1,072,634
DEPRECIATION
At 31 October 2022 - 164,691 164,691
Charge for year - 84,442 84,442
At 30 October 2023 - 249,133 249,133
NET BOOK VALUE
At 30 October 2023 650,000 173,501 823,501
At 30 October 2022 650,000 257,943 907,943

CROWN ALUMINIUM HOLDINGS LTD (REGISTERED NUMBER: 09849757)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31 October 2022
and 30 October 2023 1
NET BOOK VALUE
At 30 October 2023 1
At 30 October 2022 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 32,500 32,500
Hire purchase contracts 46,390 46,390
Trade creditors 390 -
Amounts owed to group undertakings 21,138 56,150
Amounts owed to participating interests 224,536 224,536
Taxation and social security 5,427 5,272
Other creditors 1,375 1,286
331,756 366,134

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 216,667 249,167
Hire purchase contracts 98,868 142,133
315,535 391,300

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 249,167 281,667

The debts are secured by fixed and floating charges over the assets they relate.

9. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £224,536 (2022 £224,536) was due to a company controlled by the directors.