Crisplane Limited 05044409 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is property investment and development. Digita Accounts Production Advanced 6.30.9574.0 true false true 05044409 2022-12-01 2023-11-30 05044409 2023-11-30 05044409 bus:OrdinaryShareClass1 2023-11-30 05044409 core:RetainedEarningsAccumulatedLosses 2023-11-30 05044409 core:ShareCapital 2023-11-30 05044409 core:CurrentFinancialInstruments 2023-11-30 05044409 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 05044409 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 05044409 core:MoreThanFiveYears 1 2023-11-30 05044409 core:InvestmentPropertyIncludedWithinPPE 2023-11-30 05044409 bus:SmallEntities 2022-12-01 2023-11-30 05044409 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 05044409 bus:FullAccounts 2022-12-01 2023-11-30 05044409 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05044409 bus:RegisteredOffice 2022-12-01 2023-11-30 05044409 bus:CompanySecretary1 2022-12-01 2023-11-30 05044409 bus:Director1 2022-12-01 2023-11-30 05044409 bus:Director3 2022-12-01 2023-11-30 05044409 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 05044409 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05044409 core:InvestmentPropertyIncludedWithinPPE 2022-12-01 2023-11-30 05044409 1 2022-12-01 2023-11-30 05044409 countries:AllCountries 2022-12-01 2023-11-30 05044409 2022-11-30 05044409 core:InvestmentPropertyIncludedWithinPPE 2022-11-30 05044409 2021-12-01 2022-11-30 05044409 2022-11-30 05044409 bus:OrdinaryShareClass1 2022-11-30 05044409 core:RetainedEarningsAccumulatedLosses 2022-11-30 05044409 core:ShareCapital 2022-11-30 05044409 core:CurrentFinancialInstruments 2022-11-30 05044409 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 05044409 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 05044409 core:MoreThanFiveYears 1 2022-11-30 05044409 core:InvestmentPropertyIncludedWithinPPE 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Crisplane Limited

Annual Report and Unaudited Financial Statements
Year Ended 30 November 2023

Registration number: 05044409

 

Crisplane Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Crisplane Limited

Company Information

Directors

Mr A Trump

Mrs J Trump

Company secretary

Ms J Trump

Registered office

Vici House
2 Mallard Road
Sowton
Exeter
EX2 7LD

Accountants

Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

 

Crisplane Limited

Balance Sheet

30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

17,277,091

17,566,043

Current assets

 

Stocks

5

1,508,691

1,508,691

Debtors

6

162,612

218,749

Cash at bank and in hand

 

127,832

381,230

 

1,799,135

2,108,670

Creditors: Amounts falling due within one year

7

(9,184,967)

(8,767,413)

Net current liabilities

 

(7,385,832)

(6,658,743)

Total assets less current liabilities

 

9,891,259

10,907,300

Creditors: Amounts falling due after more than one year

7

(5,053,905)

(6,347,836)

Provisions for liabilities

(330,000)

(330,000)

Net assets

 

4,507,354

4,229,464

Capital and reserves

 

Called up share capital

10

100

100

Profit and loss account

4,507,254

4,229,364

Shareholders' funds

 

4,507,354

4,229,464

 

Crisplane Limited

Balance Sheet

30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 August 2024 and signed on its behalf by:
 

.........................................
Mr A Trump
Director

Company Registration Number: 05044409

 

Crisplane Limited

Notes to the Unaudited Financial Statements

Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Vici House
2 Mallard Road
Sowton
Exeter
EX2 7LD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 Section 1A, and the Companies Act 2006. There are no material departures from FRS 102. The financial statements are presented in pounds sterling.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable in respect of rental amounts receivable during the year, exclusive of Value Added Tax.

Tax

Tax is recognised in profit or loss, calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on all timing differences at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investment property

Investment properties are measured at fair value annually with any change recognised in the profit and loss account. Fair value is determined by the director using his knowledge of current market prices, primarily driven by rental yields.

 

Crisplane Limited

Notes to the Unaudited Financial Statements

Year Ended 30 November 2023

Stocks

Work in progress is valued on the basis of directly attributable costs. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other, debtors and creditors;
• Bank loans;
• Cash and bank balances; and
• Informal inter-company loans.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

The exception to this is bank loans, these are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 5).

 

Crisplane Limited

Notes to the Unaudited Financial Statements

Year Ended 30 November 2023

4

Tangible assets

Investment properties
£

Total
£

Cost or valuation

At 1 December 2022

17,566,043

17,566,043

Additions

1,091

1,091

Disposals

(290,043)

(290,043)

At 30 November 2023

17,277,091

17,277,091

Carrying amount

At 30 November 2023

17,277,091

17,277,091

At 30 November 2022

17,566,043

17,566,043

5

Stocks

2023
£

2022
£

Work in progress

1,508,691

1,508,691

6

Debtors

2023
 £

2022
 £

Trade debtors

16,162

28,093

Amounts due from group undertakings

14,570

114,492

Other debtors

35,000

-

Prepayments

96,880

76,164

162,612

218,749

 

Crisplane Limited

Notes to the Unaudited Financial Statements

Year Ended 30 November 2023

7

Creditors

2023
 £

2022
 £

Due within one year

Trade creditors

25,088

20,337

Amounts due to group undertakings

7,512,614

7,512,614

Social security and other taxes

4,030

4,030

Other creditors

1,487,857

1,129,509

Accrued expenses

31,504

25,727

Corporation tax

123,874

75,196

9,184,967

8,767,413

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Loans and borrowings

5,053,905

6,347,836

2023
£

2022
£

Due after more than five years

After more than five years by instalments

5,053,905

6,347,836

-

-

Bank borrowings are secured on all assets of the company by way of fixed and floating charges.

8

Parent and ultimate parent undertaking

The company's immediate parent is Allen Trump Holdings Limited, incorporated in England & Wales.

 The ultimate parent is AT Property Holdings Limited, incorporated in England & Wales.

 The ultimate controlling party is Mr A Trump.

9

Reserves

Included within the profit and loss account is £3,589,614 (2022: £3,589,614) relating to unrealised revaluation gains on investment properties.

 

Crisplane Limited

Notes to the Unaudited Financial Statements

Year Ended 30 November 2023

10

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100