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REGISTERED NUMBER: 10546730 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 January 2024

for

CRICKET PROPERTIES LIMITED

CRICKET PROPERTIES LIMITED (REGISTERED NUMBER: 10546730)






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


CRICKET PROPERTIES LIMITED

Company Information
for the year ended 31 JANUARY 2024







DIRECTORS: R D P Charkin
P G Curran
I Sykes
E J Fitzgibbon
N D Maxwell
K A Shilton





REGISTERED OFFICE: Box 33 4th Floor
Bedser Stand, The Kia Oval
Kennington
London
SE11 5SS





REGISTERED NUMBER: 10546730 (England and Wales)





ACCOUNTANTS: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

CRICKET PROPERTIES LIMITED (REGISTERED NUMBER: 10546730)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 242,404 325,009
Tangible assets 5 652 1,740
243,056 326,749

CURRENT ASSETS
Stocks 12,917 32,767
Debtors 6 21,231 98,229
34,148 130,996
CREDITORS
Amounts falling due within one year 7 212,085 131,659
NET CURRENT LIABILITIES (177,937 ) (663 )
TOTAL ASSETS LESS CURRENT LIABILITIES 65,119 326,086

CREDITORS
Amounts falling due after more than one
year

8

57,160

97,462
NET ASSETS 7,959 228,624

CAPITAL AND RESERVES
Called up share capital 10 32,019 29,890
Share premium 1,100,891 1,043,291
Retained earnings (1,124,951 ) (844,557 )
SHAREHOLDERS' FUNDS 7,959 228,624

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.

CRICKET PROPERTIES LIMITED (REGISTERED NUMBER: 10546730)

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 30 October 2024 and were signed on its behalf by:





I Sykes - Director


CRICKET PROPERTIES LIMITED (REGISTERED NUMBER: 10546730)

Notes to the Financial Statements
for the year ended 31 JANUARY 2024

1. STATUTORY INFORMATION

Cricket Properties 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

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.

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
After reviewing the company's forecasts and projections, the directors are confident that the company has adequate resources to continue in operation for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

CRICKET PROPERTIES LIMITED (REGISTERED NUMBER: 10546730)

Notes to the Financial Statements - continued
for the year ended 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.


Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.


Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.


Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3. EMPLOYEES

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

CRICKET PROPERTIES LIMITED (REGISTERED NUMBER: 10546730)

Notes to the Financial Statements - continued
for the year ended 31 JANUARY 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 February 2023 587,015
Additions 25,000
At 31 January 2024 612,015
AMORTISATION
At 1 February 2023 262,006
Amortisation for year 107,605
At 31 January 2024 369,611
NET BOOK VALUE
At 31 January 2024 242,404
At 31 January 2023 325,009

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 3,571 7,818 11,389
DEPRECIATION
At 1 February 2023 3,490 6,159 9,649
Charge for year 81 1,007 1,088
At 31 January 2024 3,571 7,166 10,737
NET BOOK VALUE
At 31 January 2024 - 652 652
At 31 January 2023 81 1,659 1,740

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,281 78,359
Other debtors 6,950 19,870
21,231 98,229

CRICKET PROPERTIES LIMITED (REGISTERED NUMBER: 10546730)

Notes to the Financial Statements - continued
for the year ended 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 64,804 24,278
Trade creditors 83,491 59,264
Taxation and social security 53,229 16,634
Other creditors 10,561 31,483
212,085 131,659

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 26,560 46,462
Other creditors 30,600 51,000
57,160 97,462

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 66,862 66,364

Bank loan is denominated in Sterling with a nominal interest rate of 7.99%, and the final instalment is due on 9 June 2025. The carrying amount at year end is £66,364 (2022 - £86,266).
The company's bankers hold a fixed and floating charge over all the assets and undertakings of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
32,019 Ordinary 1 32,019 29,890

11. RELATED PARTY TRANSACTIONS

TriNorth Limited, of which Mr J G Benson and Mr M Thacker are directors, made sales to the company of £10,980 (2023 - £14,432) and purchased £4,453 (2023 - £8,287) of services from the company during the year. At 31st January 2024 the company owed TriNorth Limited £10,277 (2023 - £8,340).

12. POST BALANCE SHEET EVENTS

On 07/03/2024, the Company issued 20,375 additional ordinary shares at a price of £26.87, raising a total of £547,619 in additional capital. These funds will be used to support the Company's ongoing operations, expansion, and investment in new projects. This share issue took place after the balance sheet date and has not been reflected in the financial statements as of 31/01/2024.