Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04526015 Mr C T Llewellyn Mr D J Llewellyn Mr D R Llewellyn Mr D J Llewellyn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04526015 2023-03-31 04526015 2024-03-31 04526015 2023-04-01 2024-03-31 04526015 frs-core:CurrentFinancialInstruments 2024-03-31 04526015 frs-core:ShareCapital 2024-03-31 04526015 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04526015 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04526015 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04526015 frs-bus:SmallEntities 2023-04-01 2024-03-31 04526015 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04526015 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04526015 frs-core:CostValuation 2023-03-31 04526015 frs-core:CostValuation 2024-03-31 04526015 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 04526015 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 04526015 frs-bus:Director1 2023-04-01 2024-03-31 04526015 frs-bus:Director2 2023-04-01 2024-03-31 04526015 frs-bus:Director3 2023-04-01 2024-03-31 04526015 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04526015 frs-countries:EnglandWales 2023-04-01 2024-03-31 04526015 2022-03-31 04526015 2023-03-31 04526015 2022-04-01 2023-03-31 04526015 frs-core:CurrentFinancialInstruments 2023-03-31 04526015 frs-core:ShareCapital 2023-03-31 04526015 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04526015 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 04526015
CriSeren Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Agnitio Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04526015
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 192,000 192,000
192,000 192,000
CURRENT ASSETS
Debtors 5 207,854 205,355
Cash at bank and in hand 474,444 926,264
682,298 1,131,619
Creditors: Amounts Falling Due Within One Year 6 (2,350 ) (456,805 )
NET CURRENT ASSETS (LIABILITIES) 679,948 674,814
TOTAL ASSETS LESS CURRENT LIABILITIES 871,948 866,814
NET ASSETS 871,948 866,814
CAPITAL AND RESERVES
Called up share capital 7 25,000 25,000
Profit and Loss Account 846,948 841,814
SHAREHOLDERS' FUNDS 871,948 866,814
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D J Llewellyn
Director
29/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CriSeren Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04526015 . The registered office is 15 St.Andrews Crescent, Cardiff, CF10 3DB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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 £.

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.
2.2. 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 statement of financial position 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Page 3
Page 4
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.4. Fixed Asset Investments
Fixed asset investments are stated at fair value.
2.5. Cash At Bank And In Hand
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.
2.6. Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Investments
Other
£
Cost
As at 1 April 2023 270,000
As at 31 March 2024 270,000
Provision
As at 1 April 2023 78,000
As at 31 March 2024 78,000
Net Book Value
As at 31 March 2024 192,000
As at 1 April 2023 192,000
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 207,854 205,355
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 3,959
Corporation tax 1,204 1,700
Other creditors 1,146 1,146
CSL loan - 450,000
2,350 456,805
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 25,000 25,000
Page 5