IRIS Accounts Production v24.2.0.383 10892059 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108920592022-12-31108920592023-12-31108920592023-01-012023-12-31108920592021-12-31108920592022-01-012022-12-31108920592022-12-3110892059ns15:EnglandWales2023-01-012023-12-3110892059ns14:PoundSterling2023-01-012023-12-3110892059ns10:Director12023-01-012023-12-3110892059ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110892059ns10:SmallEntities2023-01-012023-12-3110892059ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3110892059ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110892059ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110892059ns10:FullAccounts2023-01-012023-12-3110892059ns10:OrdinaryShareClass12023-01-012023-12-3110892059ns10:RegisteredOffice2023-01-012023-12-3110892059ns5:CurrentFinancialInstruments2023-12-3110892059ns5:CurrentFinancialInstruments2022-12-3110892059ns5:Non-currentFinancialInstruments2023-12-3110892059ns5:Non-currentFinancialInstruments2022-12-3110892059ns5:ShareCapital2023-12-3110892059ns5:ShareCapital2022-12-3110892059ns5:RetainedEarningsAccumulatedLosses2023-12-3110892059ns5:RetainedEarningsAccumulatedLosses2022-12-3110892059ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110892059ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3110892059ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 10892059 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CRESCENT DEVELOPMENTS (YORK) LIMITED

CRESCENT DEVELOPMENTS (YORK) LIMITED (REGISTERED NUMBER: 10892059)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


CRESCENT DEVELOPMENTS (YORK) LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTOR: I P J Leedham





REGISTERED OFFICE: Field House
Low Crankley
Easingwold
York
YO61 3NY





REGISTERED NUMBER: 10892059 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

CRESCENT DEVELOPMENTS (YORK) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
CRESCENT DEVELOPMENTS (YORK) LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA


24 September 2024

CRESCENT DEVELOPMENTS (YORK) LIMITED (REGISTERED NUMBER: 10892059)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 1,770,579 1,754,937
Debtors 4 440 3,609
Cash at bank 800 1,254
1,771,819 1,759,800
CREDITORS
Amounts falling due within one year 5 7,501 5,430
NET CURRENT ASSETS 1,764,318 1,754,370
TOTAL ASSETS LESS CURRENT LIABILITIES 1,764,318 1,754,370

CREDITORS
Amounts falling due after more than
one year

6

1,635,856

2,151,146
NET ASSETS/(LIABILITIES) 128,462 (396,776 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 128,362 (396,876 )
SHAREHOLDERS' FUNDS 128,462 (396,776 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:




I P J Leedham - Director


CRESCENT DEVELOPMENTS (YORK) LIMITED (REGISTERED NUMBER: 10892059)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Crescent Developments (York) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value and relates to costs incurred in respect of the property development sites held by the company.

Taxation
Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

The total tax adjusted losses available to carry forward are £492,946.

Cash at bank and in hand
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 with borrowings in current liabilities.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources and that financing will continue until the next phase of the project. There has been a change in ownership and debt has been restructured since the year end which further strengthens the going concern position. The directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 440 3,609

CRESCENT DEVELOPMENTS (YORK) LIMITED (REGISTERED NUMBER: 10892059)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,560 2,600
Taxation and social security 211 -
Other creditors 3,730 2,830
7,501 5,430

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 806,250
Other creditors 1,635,856 1,344,896
1,635,856 2,151,146

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary .10 100 100