CROWNLEIGH COURT LIMITED |
Notes to the Accounts |
for the year ended 31 March 2024 |
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1 |
Accounting policies |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
Nil |
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Leasehold land and buildings |
over the lease term |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A position of mutuality exists between the shareholders of the company. Consequently, there is no liability to corporation tax on the profit of a non-trading nature. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Tangible fixed assets |
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Land and buildings |
£ |
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Cost |
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At 1 April 2023 |
15,528 |
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At 31 March 2024 |
15,528 |
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Depreciation |
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At 31 March 2024 |
- |
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Net book value |
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At 31 March 2024 |
15,528 |
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At 31 March 2023 |
15,528 |
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4 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
768 |
|
732 |
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Shareholders loans |
18,911 |
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18,911 |
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19,679 |
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19,643 |
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5 |
Controlling party |
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The Company was controlled throughout the year by the five shareholders by virtue of the fact that they own all of the ordinary shares. |
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6 |
Other information |
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CROWNLEIGH COURT LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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90 Brixton Hill |
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London |
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SW2 1QN |