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REGISTERED NUMBER: 09954852 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

CROWN HOME BUYING LIMITED

CROWN HOME BUYING LIMITED (REGISTERED NUMBER: 09954852)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


CROWN HOME BUYING LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Ms X X Sun





REGISTERED OFFICE: 1 St. Katharine's Way
London
E1W 1UN





REGISTERED NUMBER: 09954852 (England and Wales)





ACCOUNTANTS: Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Crown Home Buying Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crown Home Buying Limited for the year ended 31 January 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Crown Home Buying Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crown Home Buying Limited and state those matters that we have agreed to state to the director of Crown Home Buying Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crown Home Buying Limited and its director for our work or for this report.

It is your duty to ensure that Crown Home Buying Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crown Home Buying Limited. You consider that Crown Home Buying Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Crown Home Buying Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA


31 October 2024

CROWN HOME BUYING LIMITED (REGISTERED NUMBER: 09954852)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,154 15,946

CURRENT ASSETS
Debtors 5 1,114,875 1,029,104
Cash at bank 999,469 1,033,151
2,114,344 2,062,255
CREDITORS
Amounts falling due within one year 6 431,537 451,479
NET CURRENT ASSETS 1,682,807 1,610,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,698,961

1,626,722

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,698,960 1,626,721
SHAREHOLDERS' FUNDS 1,698,961 1,626,722

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 director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





Ms X X Sun - Director


CROWN HOME BUYING LIMITED (REGISTERED NUMBER: 09954852)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Crown Home Buying 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the reducing-balance method.

Depreciation is provided on the following basis:

Computer equipment 33.33%
Motor vehicles 20%

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

CROWN HOME BUYING LIMITED (REGISTERED NUMBER: 09954852)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

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.

GOING CONCERN
At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 26,103 23,057 49,160
Additions - 5,887 5,887
At 31 January 2024 26,103 28,944 55,047
DEPRECIATION
At 1 February 2023 17,550 15,664 33,214
Charge for year 2,851 2,828 5,679
At 31 January 2024 20,401 18,492 38,893
NET BOOK VALUE
At 31 January 2024 5,702 10,452 16,154
At 31 January 2023 8,553 7,393 15,946

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 444,898 299,913
Other debtors 668,982 535,240
Directors' current accounts - 192,733
Deferred tax asset
Accelerated capital allowances 351 684
Prepayments 644 534
1,114,875 1,029,104

CROWN HOME BUYING LIMITED (REGISTERED NUMBER: 09954852)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,873 14,052
Tax 82,182 174,565
Social security and other taxes 785 7,484
VAT 109,391 99,328
Other creditors 50,377 9,699
Directors' current accounts 20,627 -
Accrued expenses 146,302 146,351
431,537 451,479

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the other debtors include the following balances with related parties:

2024 2023
£    £   
Midtown Living Ltd 522,913 520,034
Crown Home Buying and Letting Ltd 128,742 -


The company loaned funds to Midtown Living Ltd and Crown Home Buying and Letting Ltd, which are 100% owned by XX Sun. The balances are repayable on demand and the loans are non-interest bearing.