IRIS Accounts Production v24.3.0.553 05071160 director 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050711602023-03-31050711602024-03-31050711602023-04-012024-03-31050711602022-03-31050711602022-04-012023-03-31050711602023-03-3105071160ns15:EnglandWales2023-04-012024-03-3105071160ns14:PoundSterling2023-04-012024-03-3105071160ns10:Director12023-04-012024-03-3105071160ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105071160ns10:SmallEntities2023-04-012024-03-3105071160ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105071160ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105071160ns10:FullAccounts2023-04-012024-03-3105071160ns10:RegisteredOffice2023-04-012024-03-3105071160ns5:CurrentFinancialInstruments2024-03-3105071160ns5:CurrentFinancialInstruments2023-03-3105071160ns5:Non-currentFinancialInstruments2024-03-3105071160ns5:Non-currentFinancialInstruments2023-03-3105071160ns5:ShareCapital2024-03-3105071160ns5:ShareCapital2023-03-3105071160ns5:RetainedEarningsAccumulatedLosses2024-03-3105071160ns5:RetainedEarningsAccumulatedLosses2023-03-31
REGISTERED NUMBER: 05071160 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CREST VESTRY INVESTMENTS LIMITED

CREST VESTRY INVESTMENTS LIMITED (REGISTERED NUMBER: 05071160)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CREST VESTRY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr P A French





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
E17 4EE





REGISTERED NUMBER: 05071160 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

CREST VESTRY INVESTMENTS LIMITED (REGISTERED NUMBER: 05071160)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 100,002 100,002

CURRENT ASSETS
Debtors 5 675 675
Cash at bank and in hand 3,541 995
4,216 1,670
CREDITORS
Amounts falling due within one year 6 10,049 13,159
NET CURRENT LIABILITIES (5,833 ) (11,489 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,169

88,513

CREDITORS
Amounts falling due after more than one
year

7

8,000

12,000
NET ASSETS 86,169 76,513

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 86,069 76,413
SHAREHOLDERS' FUNDS 86,169 76,513

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

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

CREST VESTRY INVESTMENTS LIMITED (REGISTERED NUMBER: 05071160)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 director and authorised for issue on 15 November 2024 and were signed by:





Mr P A French - Director


CREST VESTRY INVESTMENTS LIMITED (REGISTERED NUMBER: 05071160)

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


1. STATUTORY INFORMATION

Crest Vestry Investments 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.

Changes in accounting policies
During the year material adjustment was made to correctly reflect the principal activity of the business as trading instead of property investment. As the impact was material so all the relevant comparatives have been restated.

As a result of the adjustments, there have been no changes in the amount of profits chargeable to corporation tax and therefore no changes in tax payable.

Turnover
Turnover represents the net rent receivable, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

CREST VESTRY INVESTMENTS LIMITED (REGISTERED NUMBER: 05071160)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 100,002
Additions 2
Disposals (2 )
At 31 March 2024 100,002
NET BOOK VALUE
At 31 March 2024 100,002
At 31 March 2023 100,002

Fixed assets, included in the above, which are held under finance leases are as follows:
Total
£   
FAIR VALUE
At 1 April 2023 100,002
Additions 2
Disposals (2 )
At 31 March 2024 100,002
NET BOOK VALUE
At 31 March 2024 100,002
At 31 March 2023 100,002

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments and accrued income 675 675

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors - 2,530
Taxation and social security 3,320 2,895
Other creditors 2,729 3,734
10,049 13,159

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 8,000 12,000

CREST VESTRY INVESTMENTS LIMITED (REGISTERED NUMBER: 05071160)

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


8. ULTIMATE CONTROLLING PARTY

At the year end no individual member was identified as ultimate controlling party.