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REGISTERED NUMBER: 06040478 (England and Wales)










CROUCH MGR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






CROUCH MGR LIMITED (REGISTERED NUMBER: 06040478)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROUCH MGR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: N W Angus
R B Angus





SECRETARY: N W Angus





REGISTERED OFFICE: 69-71 East Street
Epsom
Surrey
KT17 1BP





REGISTERED NUMBER: 06040478 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

CROUCH MGR LIMITED (REGISTERED NUMBER: 06040478)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,601 2,402
Investment property 5 4,207,053 4,000,000
4,208,654 4,002,402

CURRENT ASSETS
Stocks 6 50,838 50,838
Debtors 7 41,241 17,116
Cash at bank 19,528 183,252
111,607 251,206
CREDITORS
Amounts falling due within one year 8 265,988 182,487
NET CURRENT (LIABILITIES)/ASSETS (154,381 ) 68,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,054,273

4,071,121

CREDITORS
Amounts falling due after more than one
year

9

(1,887,035

)

(1,895,870

)

PROVISIONS FOR LIABILITIES (250,458 ) (250,154 )
NET ASSETS 1,916,780 1,925,097

CAPITAL AND RESERVES
Called up share capital 500 500
Fair value reserve 11 1,316,602 1,316,602
Retained earnings 599,678 607,995
SHAREHOLDERS' FUNDS 1,916,780 1,925,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

CROUCH MGR LIMITED (REGISTERED NUMBER: 06040478)

BALANCE SHEET - continued
31 JANUARY 2024


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 18 October 2024 and were signed on its behalf by:





N W Angus - Director


CROUCH MGR LIMITED (REGISTERED NUMBER: 06040478)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Crouch MGR 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fee have been fully amortised in the current year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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 are stated at the lower of cost and net realisable value. Cost comprises costs of development including directly attributable fees and expenses. Net realisable value is based on estimated selling price, less further costs expected to be incurred to completion and disposal. All selling costs are expensed as incurred.

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.

CROUCH MGR LIMITED (REGISTERED NUMBER: 06040478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 4,655
DEPRECIATION
At 1 February 2023 2,253
Charge for year 801
At 31 January 2024 3,054
NET BOOK VALUE
At 31 January 2024 1,601
At 31 January 2023 2,402

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 4,000,000
Additions 207,053
At 31 January 2024 4,207,053
NET BOOK VALUE
At 31 January 2024 4,207,053
At 31 January 2023 4,000,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2018 1,316,603
Cost 2,890,450
4,207,053

If investment property had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 2,890,450 1,683,398

Investment property was valued on an open market basis on 31 January 2024 by the Directors .

CROUCH MGR LIMITED (REGISTERED NUMBER: 06040478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. STOCKS
31.1.24 31.1.23
£    £   
Work in progress 50,838 50,838

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 28,969 2,087
Other debtors 11,199 13,829
Prepayments 1,073 1,200
41,241 17,116

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 9,145 8,920
Tax - 6,645
VAT 14 228
Directors' current accounts 253,994 163,994
Accrued expenses 2,835 2,700
265,988 182,487

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 9,377 9,145
Bank loans - 2-5 years 3,178 12,555
Bank loans more 5 yr by instal 1,874,480 1,874,170
1,887,035 1,895,870

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,874,480 1,874,170

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 1,896,180 1,904,790

The bank loans are secured through fixed and floating charges over all the property or undertakings of the company.

CROUCH MGR LIMITED (REGISTERED NUMBER: 06040478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

11. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 1,316,602

12. ULTIMATE CONTROLLING PARTY

The controlling party is N W Angus and R B Angus.