Company Registration No. 01172262 (England and Wales)
Crocus Developments UK Limited
Unaudited accounts
for the year ended 31 December 2023
Crocus Developments UK Limited
Unaudited accounts
Contents
Crocus Developments UK Limited
Company Information
for the year ended 31 December 2023
Directors
C V Pool
C L Pool
H L Pool
R J Pool
S J Pool
S E Pool
Company Number
01172262 (England and Wales)
Registered Office
Lansdown
Chalk Hill
Coleshill, Amersham
Buckinghamshire
HP7 0LY
Accountants
Grass & Holm
Thornbury Cottage
Chalk Hill
Amersham
BUCKS
HP7 0LY
Crocus Developments UK Limited
Statement of financial position
as at 31 December 2023
Investments
678,843
606,383
Cash at bank and in hand
2,872
2,964
Creditors: amounts falling due within one year
(37,153)
(32,735)
Net current liabilities
(34,281)
(29,771)
Net assets
644,563
576,869
Called up share capital
150,076
150,076
Profit and loss account
494,487
426,793
Shareholders' funds
644,563
576,869
For the year ending 31 December 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
C L Pool
Director
Company Registration No. 01172262
Crocus Developments UK Limited
Notes to the Accounts
for the year ended 31 December 2023
Crocus Developments UK Limited is a private company, limited by shares, registered in England and Wales, registration number 01172262. The registered office is Lansdown, Chalk Hill, Coleshill, Amersham, Buckinghamshire, HP7 0LY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Investments are included at market fair value. Gains are recognised in the income statement.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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.
Crocus Developments UK Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
5
Investments
Other investments
Valuation at 1 January 2023
606,383
Fair value adjustments
23,855
Valuation at 31 December 2023
678,843
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,905
-
Loans from directors
33,768
32,255
Allotted, called up and fully paid:
150,072 Ordinary shares of £1 each
150,072
150,072
4 Special shares of £1 each
4
4
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).