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REGISTERED NUMBER: 01229021 (England and Wales)










CROWTHER INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024






CROWTHER INVESTMENTS LIMITED (REGISTERED NUMBER: 01229021)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


CROWTHER INVESTMENTS LIMITED (REGISTERED NUMBER: 01229021)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 343 460
Investment property 5 940,000 940,000
940,343 940,460

CURRENT ASSETS
Debtors 6 468 2,632
Cash at bank 96,205 88,046
96,673 90,678
CREDITORS
Amounts falling due within one year 7 26,702 18,986
NET CURRENT ASSETS 69,971 71,692
TOTAL ASSETS LESS CURRENT LIABILITIES 1,010,314 1,012,152

PROVISIONS FOR LIABILITIES 116,057 88,203
NET ASSETS 894,257 923,949

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Non-distributable reserves 9 497,134 524,988
Distributable reserves 396,123 397,961
SHAREHOLDERS' FUNDS 894,257 923,949

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CROWTHER INVESTMENTS LIMITED (REGISTERED NUMBER: 01229021)

BALANCE SHEET - continued
31ST JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th October 2024 and were signed by:





R M Crowther - Director


CROWTHER INVESTMENTS LIMITED (REGISTERED NUMBER: 01229021)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024


1. STATUTORY INFORMATION

Crowther Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01229021

Registered office: 1 Coates Hall
Skipton Road
Barnoldswick
BB18 6HS

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going
concern basis.

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 are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:


Land - Nil
Buildings - 2.5% on cost
Computer Equipment - 25% SL

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

CROWTHER INVESTMENTS LIMITED (REGISTERED NUMBER: 01229021)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Pension costs and other post-retirement benefits
Investments are stated in the balance sheet at the lower of cost and market value. Investment income is included in the profit and loss account when it is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CROWTHER INVESTMENTS LIMITED (REGISTERED NUMBER: 01229021)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st August 2023
and 31st July 2024 470
DEPRECIATION
At 1st August 2023 10
Charge for year 117
At 31st July 2024 127
NET BOOK VALUE
At 31st July 2024 343
At 31st July 2023 460

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023
and 31st July 2024 940,000
NET BOOK VALUE
At 31st July 2024 940,000
At 31st July 2023 940,000

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2017 166,786
Valuation in 2019 24,985
Valuation in 2020 266,421
Valuation in 2021 65,000
Valuation in 2022 60,000
Valuation in 2023 30,000
Cost 326,808
940,000

In the opinion of the directors the valuation fairly represents the open market value at 31st July 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 468 132
Amounts owed by group undertakings - 2,500
468 2,632

CROWTHER INVESTMENTS LIMITED (REGISTERED NUMBER: 01229021)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 11,251 7,636
Other creditors 15,451 11,350
26,702 18,986

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Non-distributa
reserves
£   
At 1st August 2023 524,988
Deferred tax (27,854 )

At 31st July 2024 497,134