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Registered number: 11821721
Crucible Properties Ltd
Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11821721
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 500,375 500,151
500,375 500,151
CURRENT ASSETS
Debtors 5 368 -
Cash at bank and in hand 768 38,304
1,136 38,304
Creditors: Amounts Falling Due Within One Year 6 (66,136 ) (96,072 )
NET CURRENT ASSETS (LIABILITIES) (65,000 ) (57,768 )
TOTAL ASSETS LESS CURRENT LIABILITIES 435,375 442,383
Creditors: Amounts Falling Due After More Than One Year 7 (381,868 ) (389,319 )
NET ASSETS 53,507 53,064
CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 59,500 59,500
Profit and Loss Account (5,994 ) (6,437 )
SHAREHOLDERS' FUNDS 53,507 53,064
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Andrew Sakr
Director
4 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Crucible Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11821721 . The registered office is Progress House, 206 White Lane, Sheffield, South Yorkshire, S12 3GL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Fixtures & Fittings 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 March 2023 496,690 4,778 501,468
Additions - 1,677 1,677
Disposals - (299 ) (299 )
As at 28 February 2024 496,690 6,156 502,846
Depreciation
As at 1 March 2023 - 1,317 1,317
Provided during the period - 1,229 1,229
Disposals - (75 ) (75 )
As at 28 February 2024 - 2,471 2,471
...CONTINUED
Page 3
Page 4
Net Book Value
As at 28 February 2024 496,690 3,685 500,375
As at 1 March 2023 496,690 3,461 500,151
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 368 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,500 2,500
PAYE 632 319
Tenant Security Deposits Held - 300
Accruals 766 766
Director's loan account 62,238 92,187
66,136 96,072
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loans 367,483 369,956
Other creditors 14,385 19,363
381,868 389,319
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Reserves
Revaluation Reserve
£
As at 1 March 2023 59,500
As at 28 February 2024 59,500
Page 4