Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31Property holding companyfalse0falsetrue2023-04-010trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01853484 2023-04-01 2024-03-31 01853484 2022-04-01 2023-03-31 01853484 2024-03-31 01853484 2023-03-31 01853484 c:Director1 2023-04-01 2024-03-31 01853484 d:FreeholdInvestmentProperty 2024-03-31 01853484 d:FreeholdInvestmentProperty 2023-03-31 01853484 d:CurrentFinancialInstruments 2024-03-31 01853484 d:CurrentFinancialInstruments 2023-03-31 01853484 d:Non-currentFinancialInstruments 2024-03-31 01853484 d:Non-currentFinancialInstruments 2023-03-31 01853484 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01853484 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01853484 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 01853484 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 01853484 d:ShareCapital 2024-03-31 01853484 d:ShareCapital 2023-03-31 01853484 d:RetainedEarningsAccumulatedLosses 2024-03-31 01853484 d:RetainedEarningsAccumulatedLosses 2023-03-31 01853484 c:OrdinaryShareClass1 2023-04-01 2024-03-31 01853484 c:OrdinaryShareClass1 2024-03-31 01853484 c:OrdinaryShareClass1 2023-03-31 01853484 c:FRS102 2023-04-01 2024-03-31 01853484 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01853484 c:FullAccounts 2023-04-01 2024-03-31 01853484 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01853484 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01853484









CRYSTAL DEVELOPMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CRYSTAL DEVELOPMENT LIMITED
REGISTERED NUMBER: 01853484

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Investment property
 4 
600,000
600,000

  
600,000
600,000

CURRENT ASSETS
  

Cash at bank and in hand
  
37,116
39,610

  
37,116
39,610

Creditors: amounts falling due within one year
 5 
(122,619)
(87,708)

NET CURRENT LIABILITIES
  
 
 
(85,503)
 
 
(48,098)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
514,497
551,902

Creditors: amounts falling due after more than one year
 6 
-
(90,186)

  

NET ASSETS
  
514,497
461,716


CAPITAL AND RESERVES
  

Called up share capital 
 7 
2
2

Profit and loss account
  
514,495
461,714

  
514,497
461,716


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

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CRYSTAL DEVELOPMENT LIMITED
REGISTERED NUMBER: 01853484
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr M N Denley
Director

Date: 21 August 2024

Page 2

 
CRYSTAL DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Crystal Development Limited is a private company limited by shares and incorporated in England and Wales. The registered office is Salisbury House, Station Road, Cambridge, CB1 2LA, England.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of rental income during the year.

 
2.3

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.7

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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CRYSTAL DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 April 2023
600,000



AT 31 MARCH 2024
600,000

The 2024 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
850,033
850,033

Accumulated depreciation and impairments
(250,033)
(250,033)

600,000
600,000

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CRYSTAL DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
-
34,253

Corporation tax
14,649
12,425

Other creditors
97,000
30,000

Accruals and deferred income
10,970
11,030

122,619
87,708


Included within other creditors is a balance due to the shareholders of £97,000 (2023 - £30,000).


6.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
-
90,186

-
90,186


Secured loans
The bank loan was secured by a first legal charge over the freehold property and a fixed charge over all the Company's assets. In addition to this Mr M N Denley, director, had given a personal guarantee in respect of the bank loan. The loan was fully settled in the year.


7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



2 (2023 - 2) Ordinary shares of £1.00 each
2
2


 
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