Crownleaf Estates Limited 03920578 false 2023-02-01 2024-03-31 2024-03-31 The principal activity of the company is Letting of real estate Digita Accounts Production Advanced 6.30.9574.0 true 03920578 2023-02-01 2024-03-31 03920578 2024-03-31 03920578 core:RetainedEarningsAccumulatedLosses 2024-03-31 03920578 core:ShareCapital 2024-03-31 03920578 core:CurrentFinancialInstruments 2024-03-31 03920578 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03920578 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 03920578 core:LandBuildings 2024-03-31 03920578 bus:SmallEntities 2023-02-01 2024-03-31 03920578 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-03-31 03920578 bus:FullAccounts 2023-02-01 2024-03-31 03920578 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-03-31 03920578 bus:RegisteredOffice 2023-02-01 2024-03-31 03920578 bus:Director2 2023-02-01 2024-03-31 03920578 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-03-31 03920578 core:LandBuildings 2023-02-01 2024-03-31 03920578 countries:EnglandWales 2023-02-01 2024-03-31 03920578 2023-01-31 03920578 core:LandBuildings 2023-01-31 03920578 2022-02-01 2023-01-31 03920578 2023-01-31 03920578 core:RetainedEarningsAccumulatedLosses 2023-01-31 03920578 core:ShareCapital 2023-01-31 03920578 core:CurrentFinancialInstruments 2023-01-31 03920578 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 03920578 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 03920578 core:LandBuildings 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 03920578

Crownleaf Estates Limited

Unaudited Financial Statements

for the Period from 1 February 2023 to 31 March 2024

 

Crownleaf Estates Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Crownleaf Estates Limited

(Registration number: 03920578)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

2,177,478

Investment property

5

2,980,000

-

 

2,980,000

2,177,478

Current assets

 

Debtors

6

36,180

33,635

Cash at bank and in hand

 

31,653

95,948

 

67,833

129,583

Creditors: Amounts falling due within one year

7

(368,510)

(348,552)

Net current liabilities

 

(300,677)

(218,969)

Total assets less current liabilities

 

2,679,323

1,958,509

Creditors: Amounts falling due after more than one year

7

(162,411)

(316,510)

Provisions for liabilities

(345,467)

(110,076)

Net assets

 

2,171,445

1,531,923

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

2,171,443

1,531,921

Shareholders' funds

 

2,171,445

1,531,923

 

Crownleaf Estates Limited

(Registration number: 03920578)
Balance Sheet as at 31 March 2024

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and directors' report has been taken.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

.........................................
Mr P Galletley
Director

 

Crownleaf Estates Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15 Mill Hill Drive
Sandbach
Cheshire
CW11 4PW
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

No depreciation

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate
determined annually by external valuers or the expert opinion of the director. The valuers use observable
market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset.
Changes in fair value are recognised in profit or loss.

 

Crownleaf Estates Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2023 - 3).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 February 2023

2,177,478

2,177,478

Transfers to/from investment property

(2,177,478)

(2,177,478)

At 31 March 2024

-

-

Depreciation

Carrying amount

At 31 March 2024

-

-

At 31 January 2023

2,177,478

2,177,478

5

Investment properties

2024
£

Additions

2,177,478

Fair value adjustments

802,522

At 31 March

2,980,000

There has been no valuation of investment property by an independent valuer.

 

Crownleaf Estates Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 March 2024

6

Debtors

2024
£

2023
£

Other debtors

36,180

33,635

36,180

33,635

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

9,829

25,566

Trade creditors

 

3,771

3,771

Amounts owed to group undertakings and undertakings in which the company has a participating interest

329,000

299,000

Taxation and social security

 

532

574

Other creditors

 

25,378

19,641

 

368,510

348,552

Due after one year

 

Loans and borrowings

162,411

316,510

2024
£

2023
£

Current loans and borrowings

Bank borrowings

9,829

25,566

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

162,411

316,510