1 January 2023 false No description of principal activity Taxfiler 2024.5 13625817business:PrivateLimitedCompanyLtd2023-01-012023-12-31 136258172022-12-31 136258172023-01-012023-12-31 13625817business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 13625817business:FilletedAccounts2023-01-012023-12-31 136258172023-12-31 136258172022-12-31 13625817core:WithinOneYear2023-12-31 13625817core:WithinOneYear2022-12-31 13625817core:AfterOneYear2023-12-31 13625817core:AfterOneYear2022-12-31 13625817core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 13625817core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 13625817core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 13625817core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 13625817core:PreviouslyStatedAmount2023-12-31 13625817core:PreviouslyStatedAmount2022-12-31 13625817business:SmallEntities2023-01-012023-12-31 13625817business:Director12023-01-012023-12-31 13625817countries:EnglandWales2023-01-012023-12-31 13625817business:RegisteredOffice2023-01-012023-12-31 13625817core:FurnitureFittings2022-12-31 13625817core:FurnitureFittings2023-12-31 13625817core:FurnitureFittings2023-01-012023-12-31 136258172022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 13625817 (England and Wales)
CRESTA HOUSE (LUTON) LIMITED Unaudited accounts for the year ended 31 December 2023
CRESTA HOUSE (LUTON) LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
76,105 
171,497 
Investment property
11,185,000 
9,926,121 
11,261,105 
10,097,618 
Current assets
Debtors
131,785 
51,400 
Cash at bank and in hand
60,851 
67,341 
192,636 
118,741 
Creditors: amounts falling due within one year
(378,888)
(518,639)
Net current liabilities
(186,252)
(399,898)
Total assets less current liabilities
11,074,853 
9,697,720 
Creditors: amounts falling due after more than one year
(8,029,117)
(7,989,795)
Provisions for liabilities
Deferred tax
(190,258)
- 
Net assets
2,855,478 
1,707,925 
Capital and reserves
Called up share capital
2,501,000 
2,321,000 
Profit and loss account
354,478 
(613,075)
Shareholders' funds
2,855,478 
1,707,925 
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 director acknowledges his 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 and authorised for issue on 1 July 2024 and were signed on its behalf by
Christos DIMITRIADIS Director Company Registration No. 13625817
- 2 -
CRESTA HOUSE (LUTON) LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
CRESTA HOUSE (LUTON) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13625817. The registered office is 60 WELBECK STREET, LONDON, W1G 9XB, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
217,248 
At 31 December 2023
217,248 
Depreciation
At 1 January 2023
45,751 
Charge for the year
95,392 
At 31 December 2023
141,143 
Net book value
At 31 December 2023
76,105 
At 31 December 2022
171,497 
5
Investment property
2023 
£ 
Fair value at 1 January 2023
9,926,121 
Additions
15,899 
Net gain from fair value adjustments
1,242,980 
At 31 December 2023
11,185,000 
- 3 -
CRESTA HOUSE (LUTON) LIMITED Notes to the Accounts for the year ended 31 December 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
61,345 
(11,013)
Accrued income and prepayments
70,440 
62,413 
131,785 
51,400 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
298,259 
411,943 
Other creditors
61,610 
72,084 
Accruals
19,019 
34,612 
378,888 
518,639 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
8,028,764 
7,989,795 
Accruals
353 
- 
8,029,117 
7,989,795 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 4 -