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REGISTERED NUMBER: 08876812 (England and Wales)























Unaudited Financial Statements

for the Year Ended 28 February 2024

for

Croft House (Preston) Ltd

Croft House (Preston) Ltd (Registered number: 08876812)

Contents of the Financial Statements
for the Year Ended 28 February 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Croft House (Preston) Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTOR: Mr S S Phull





REGISTERED OFFICE: 11 Glasbrook Avenue
Twickenham
Middlesex
TW2 6AH





REGISTERED NUMBER: 08876812 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Croft House (Preston) Ltd (Registered number: 08876812)

Statement of Financial Position
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,266 12,619

CURRENT ASSETS
Stocks 3,000 2,000
Debtors 5 47,242 62,056
Cash at bank and in hand 194,294 112,031
244,536 176,087
CREDITORS
Amounts falling due within one year 6 96,130 64,171
NET CURRENT ASSETS 148,406 111,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,672

124,535

CREDITORS
Amounts falling due after more than one
year

7

(40,000

)

(40,000

)

PROVISIONS FOR LIABILITIES (3,317 ) (2,398 )
NET ASSETS 118,355 82,137

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 118,255 82,037
SHAREHOLDERS' FUNDS 118,355 82,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 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.

Croft House (Preston) Ltd (Registered number: 08876812)

Statement of Financial Position - continued
28 February 2024


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 6 August 2024 and were signed by:





Mr S S Phull - Director


Croft House (Preston) Ltd (Registered number: 08876812)

Notes to the Financial Statements
for the Year Ended 28 February 2024


1. STATUTORY INFORMATION

Croft House (Preston) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Croft House (Preston) Ltd (Registered number: 08876812)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 24,160 13,143 37,303
Additions 3,802 1,069 4,871
At 28 February 2024 27,962 14,212 42,174
DEPRECIATION
At 1 March 2023 12,702 11,982 24,684
Charge for year 3,298 926 4,224
At 28 February 2024 16,000 12,908 28,908
NET BOOK VALUE
At 28 February 2024 11,962 1,304 13,266
At 28 February 2023 11,458 1,161 12,619

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Other debtors 47,242 62,056

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 27,495 -
Taxation and social security 24,979 4,354
Other creditors 33,656 49,817
96,130 64,171

Croft House (Preston) Ltd (Registered number: 08876812)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans 40,000 40,000

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.24 28.2.23
£    £   
Bounce back loan 50,000 50,000

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Westminster Bank PLC

9. RELATED PARTY DISCLOSURES

During the year the company paid rent of £100,000 to Westend Apartments (Preston) ltd, a company is which the director is also director & shareholder.

The company was owed £46,383 from Westend Apartments (Preston) Ltd. This loan is repayable on demand. and interest is recieved at 0.75%.