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REGISTERED NUMBER: 04529236 (England and Wales)











CROSSMILE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






CROSSMILE LIMITED (REGISTERED NUMBER: 04529236)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CROSSMILE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr N B Oliver





SECRETARY: Mr M I Oliver





REGISTERED OFFICE: Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW





REGISTERED NUMBER: 04529236 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

CROSSMILE LIMITED (REGISTERED NUMBER: 04529236)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,319 -
Investment property 5 354,550 350,000
365,869 350,000

CURRENT ASSETS
Debtors: amounts falling due within one
year

36,908

41,612
Debtors: amounts falling due after more
than one year

6

495,000

495,000
Cash at bank 800,156 813,453
1,332,064 1,350,065
CREDITORS
Amounts falling due within one year 768,178 794,634
NET CURRENT ASSETS 563,886 555,431
TOTAL ASSETS LESS CURRENT LIABILITIES 929,755 905,431

PROVISIONS FOR LIABILITIES 19,449 19,449
NET ASSETS 910,306 885,982

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable retained
earnings 58,347 58,347
Retained earnings 851,957 827,633
910,306 885,982

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.

CROSSMILE LIMITED (REGISTERED NUMBER: 04529236)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





Mr N B Oliver - Director


CROSSMILE LIMITED (REGISTERED NUMBER: 04529236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Crossmile 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises rent receivable and costs recharged in respect of the investment property.

Turnover also includes interest receivable on external loans to unconnected parties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently, investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties are included in the Profit and Loss Account and retained earnings in the period in which they arise.

Aggregate retained earnings on the revaluation of investment properties are non-distributable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CROSSMILE LIMITED (REGISTERED NUMBER: 04529236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 11,629
At 31 December 2023 11,629
DEPRECIATION
Charge for year 310
At 31 December 2023 310
NET BOOK VALUE
At 31 December 2023 11,319

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 350,000
Additions 4,550
At 31 December 2023 354,550
NET BOOK VALUE
At 31 December 2023 354,550
At 31 December 2022 350,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 77,795
Cost 276,755
354,550

CROSSMILE LIMITED (REGISTERED NUMBER: 04529236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INVESTMENT PROPERTY - continued

The properties have been valued by the director, having taken advice from property surveyors.

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other debtors 495,000 495,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Director's current account 534,132 532,692

Mr N B Oliver has taken a first legal charge over the properties at Clough Road and Stoneferry Road dated January 2004.

8. RELATED PARTY DISCLOSURES

Within creditors is an amount of £532,692 (2021: £532,692 ) due to the director.

The loan is interest free and repayable on demand.