Registered number
06438893
Crystal Palace Developments Ltd
Filleted Accounts
30 November 2023
Crystal Palace Developments Ltd
Registered number: 06438893
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,940,000 1,940,000
Current assets
Debtors 4 7,200 -
Cash at bank and in hand 33,237 27,606
40,437 27,606
Creditors: amounts falling due within one year 5 (672,484) (752,456)
Net current liabilities (632,047) (724,850)
Total assets less current liabilities 1,307,953 1,215,150
Creditors: amounts falling due after more than one year 6 (1,077,774) (955,318)
Net assets 230,179 259,832
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 279,400 279,400
Profit and loss account (49,321) (19,668)
Shareholders' funds 230,179 259,832
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R G Barca
Director
Approved by the board on 2 August 2024
Crystal Palace Developments Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2022 1,940,000
At 30 November 2023 1,940,000
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 1,940,000
At 30 November 2022 1,940,000
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 7,200 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 55,868 55,868
Amounts owed to group undertakings and undertakings in which the company has a participating interest 53,713 4,610
Other creditors 562,903 691,978
672,484 752,456
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,077,774 955,318
7 Revaluation reserve 2023 2022
£ £
At 1 December 2022 279,400 279,400
At 30 November 2023 279,400 279,400
8 Related party transactions
Other Creditors includes balances owed to Richard Barca (Director) of £ 550,549.75
9 Other information
Crystal Palace Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
18 Carlisle Street
London
W1D 3BX
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