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REGISTERED NUMBER: 10388850 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CRESCO INVESTORS LIMITED

CRESCO INVESTORS LIMITED (REGISTERED NUMBER: 10388850)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRESCO INVESTORS LIMITED

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTORS: N S Gill
Mrs A K Gill



REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT



REGISTERED NUMBER: 10388850 (England and Wales)



BANKERS: National Westminster Bank Plc
Royal Priors
59 The Parade
Leamington Spa
Warwickshire
CV32 4ZX

CRESCO INVESTORS LIMITED (REGISTERED NUMBER: 10388850)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,419 -
Investment property 5 6,116,462 5,695,904
6,164,881 5,695,904

CURRENT ASSETS
Stocks 1,266,135 1,265,755
Debtors 6 224,683 181,640
Cash at bank 18,368 357,685
1,509,186 1,805,080
CREDITORS
Amounts falling due within one year 7 435,435 308,166
NET CURRENT ASSETS 1,073,751 1,496,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,238,632

7,192,818

CREDITORS
Amounts falling due after more than one year 8 3,523,476 3,427,472
NET ASSETS 3,715,156 3,765,346

CAPITAL AND RESERVES
Called up share capital 2,647,102 2,647,102
Retained earnings 1,068,054 1,118,244
3,715,156 3,765,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CRESCO INVESTORS LIMITED (REGISTERED NUMBER: 10388850)

BALANCE SHEET - continued
30 September 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





N S Gill - Director


CRESCO INVESTORS LIMITED (REGISTERED NUMBER: 10388850)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Cresco Investors 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 or deferred 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.

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.

CRESCO INVESTORS LIMITED (REGISTERED NUMBER: 10388850)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 63,275 1,445 64,720
At 30 September 2023 63,275 1,445 64,720
DEPRECIATION
Charge for year 15,819 482 16,301
At 30 September 2023 15,819 482 16,301
NET BOOK VALUE
At 30 September 2023 47,456 963 48,419

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 5,695,904
Additions 420,938
Reclassification (380 )
At 30 September 2023 6,116,462
NET BOOK VALUE
At 30 September 2023 6,116,462
At 30 September 2022 5,695,904

In the opinion of the directors' there is no material change in the fair value of the investment properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 61,133 165,622
Other debtors 163,550 16,018
224,683 181,640

CRESCO INVESTORS LIMITED (REGISTERED NUMBER: 10388850)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 202,275 129,630
Trade creditors 3,715 -
Taxation and social security 78,999 75,639
Other creditors 150,446 102,897
435,435 308,166

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 3,523,476 3,427,472

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,725,751 3,557,102

Fixed and floating charges are secured against the properties in which they relate.

10. GUARANTEE

The directors have guaranteed up to an amount of £50,000 in respect of the bank loans held by the company.