2023-04-012024-03-312024-03-31false12538159CROWN HOUSE ESTATES 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CROWN HOUSE ESTATES LIMITED

Registered Number
12538159
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

CROWN HOUSE ESTATES LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Chandrakant Bhimji Khimji

Registered Address

Unit 2, Archgate Business Centre 823-825 High Road
North Finchley
London
N12 8UB

Registered Number

12538159 (England and Wales)
CROWN HOUSE ESTATES LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,385653
1,385653
Current assets
Debtors4149,726120,790
Cash at bank and on hand51,38896,586
201,114217,376
Creditors amounts falling due within one year5(189,575)(199,798)
Net current assets (liabilities)11,53917,578
Total assets less current liabilities12,92418,231
Net assets12,92418,231
Capital and reserves
Called up share capital100100
Profit and loss account12,82418,131
Shareholders' funds12,92418,231
The financial statements were approved and authorised for issue by the Director on 24 July 2024, and are signed on its behalf by:
Chandrakant Bhimji Khimji
Director
Registered Company No. 12538159
CROWN HOUSE ESTATES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents income receivable from sale, lettings and management of properties net of VAT.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings15
Office Equipment25
Finance leases and hire purchase contracts
Hire purchase and leasing commitments Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets 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. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 April 23-1,5501,550
Additions709288997
At 31 March 247091,8382,547
Depreciation and impairment
At 01 April 23-897897
Charge for year96169265
At 31 March 24961,0661,162
Net book value
At 31 March 246137721,385
At 31 March 23-653653
4.Debtors: amounts due within one year

2024

2023

££
Other debtors149,726119,124
Prepayments and accrued income-1,666
Total149,726120,790
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,7769,112
Taxation and social security4,9945,830
Other creditors179,986183,356
Accrued liabilities and deferred income1,8191,500
Total189,575199,798
6.Related party transactions
Included in other debotrs at the year end is an amount of £605 (2023: £2,720 credit) due to the directors.