Company registration number 00782053 (England and Wales)
CROWTON PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CROWTON PROPERTIES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
CROWTON PROPERTIES LTD (REGISTERED NUMBER: 00782053)
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,287,000
2,287,000
Current assets
Debtors
4
30,683
15,894
Cash at bank and in hand
58,592
195,656
89,275
211,550
Creditors: amounts falling due within one year
5
(44,822)
(172,517)
Net current assets
44,453
39,033
Total assets less current liabilities
2,331,453
2,326,033
Provisions for liabilities
(192,771)
(124,475)
Net assets
2,138,682
2,201,558
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
6
1,021,234
1,072,781
Distributable profit and loss reserves
1,117,348
1,128,677
Total equity
2,138,682
2,201,558

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

CROWTON PROPERTIES LTD (REGISTERED NUMBER: 00782053)
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2023
30 September 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 August 2024 and are signed on its behalf by:
D Turner
Director
CROWTON PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information

Crowton Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Gatehouse, Cross Lane, Ottershaw, Surrey, England, KT16 0PD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the rental income provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of turnover can be measured reliably

 

 

 

 

- It is probable that the company will receive the consideration due under the contract

 

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably

 

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Held at fair value and revalued anually
Computers
Fully depreciated

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CROWTON PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Freehold land and buildings
Computers
Total
£
£
£
Cost
At 1 October 2022
2,287,000
9,621
2,296,621
Disposals
-
0
(9,621)
(9,621)
At 30 September 2023
2,287,000
-
0
2,287,000
Depreciation and impairment
At 1 October 2022
-
0
9,621
9,621
Eliminated in respect of disposals
-
0
(9,621)
(9,621)
At 30 September 2023
-
0
-
0
-
0
Carrying amount
At 30 September 2023
2,287,000
-
0
2,287,000
At 30 September 2022
2,287,000
-
0
2,287,000
CROWTON PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
9,085
10,894
Other debtors
21,598
5,000
30,683
15,894
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
-
0
128,403
Trade creditors
-
0
5,562
Taxation and social security
16,444
1,256
Other creditors
28,378
37,296
44,822
172,517
6
Non-distributable profits reserve
2023
2022
£
£
At the beginning of the year
1,072,781
1,072,781
Non distributable profits in the year
(51,547)
-
At the end of the year
1,021,234
1,072,781
2023-09-302022-10-01false21 August 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityD TurnerMrs E PulmanMrs B A TurnerA Wattsfalsefalse007820532022-10-012023-09-30007820532023-09-30007820532022-09-3000782053core:LandBuildingscore:OwnedOrFreeholdAssets2023-09-3000782053core:ComputerEquipment2023-09-3000782053core:LandBuildingscore:OwnedOrFreeholdAssets2022-09-3000782053core:ComputerEquipment2022-09-3000782053core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3000782053core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-3000782053core:CurrentFinancialInstruments2023-09-3000782053core:CurrentFinancialInstruments2022-09-3000782053core:ShareCapital2023-09-3000782053core:ShareCapital2022-09-3000782053core:FurtherSpecificReserve1ComponentTotalEquity2023-09-3000782053core:FurtherSpecificReserve1ComponentTotalEquity2022-09-3000782053core:RetainedEarningsAccumulatedLosses2023-09-3000782053core:RetainedEarningsAccumulatedLosses2022-09-3000782053bus:Director12022-10-012023-09-3000782053core:LandBuildingscore:OwnedOrFreeholdAssets2022-10-012023-09-3000782053core:ComputerEquipment2022-10-012023-09-30007820532021-10-012022-09-3000782053core:LandBuildingscore:OwnedOrFreeholdAssets2022-09-3000782053core:ComputerEquipment2022-09-30007820532022-09-3000782053core:WithinOneYear2023-09-3000782053core:WithinOneYear2022-09-3000782053bus:PrivateLimitedCompanyLtd2022-10-012023-09-3000782053bus:SmallCompaniesRegimeForAccounts2022-10-012023-09-3000782053bus:FRS1022022-10-012023-09-3000782053bus:AuditExemptWithAccountantsReport2022-10-012023-09-3000782053bus:Director22022-10-012023-09-3000782053bus:Director32022-10-012023-09-3000782053bus:CompanySecretary12022-10-012023-09-3000782053bus:FullAccounts2022-10-012023-09-30xbrli:purexbrli:sharesiso4217:GBP