Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10059534 L S Newton E J Wenham S Woolmer J L Musgrove iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10059534 2023-02-28 10059534 2024-02-28 10059534 2023-03-01 2024-02-28 10059534 frs-core:CurrentFinancialInstruments 2024-02-28 10059534 frs-core:Non-currentFinancialInstruments 2024-02-28 10059534 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 10059534 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 10059534 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 10059534 frs-core:ShareCapital 2024-02-28 10059534 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10059534 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10059534 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10059534 frs-bus:SmallEntities 2023-03-01 2024-02-28 10059534 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10059534 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10059534 frs-bus:Director1 2023-03-01 2024-02-28 10059534 frs-bus:Director2 2023-03-01 2024-02-28 10059534 frs-bus:Director3 2023-03-01 2024-02-28 10059534 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 10059534 frs-countries:EnglandWales 2023-03-01 2024-02-28 10059534 2022-02-28 10059534 2023-02-28 10059534 2022-03-01 2023-02-28 10059534 frs-core:CurrentFinancialInstruments 2023-02-28 10059534 frs-core:Non-currentFinancialInstruments 2023-02-28 10059534 frs-core:ShareCapital 2023-02-28 10059534 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10059534
Crown House Investments Limited
Financial Statements
For The Year Ended 28 February 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10059534
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,372 26,968
Investment Properties 5 7,962,268 7,962,268
7,985,640 7,989,236
CURRENT ASSETS
Debtors 6 105,352 259,511
Cash at bank and in hand 140,889 142,291
246,241 401,802
Creditors: Amounts Falling Due Within One Year 7 (175,451 ) (343,129 )
NET CURRENT ASSETS (LIABILITIES) 70,790 58,673
TOTAL ASSETS LESS CURRENT LIABILITIES 8,056,430 8,047,909
Creditors: Amounts Falling Due After More Than One Year 8 (7,481,131 ) (7,368,081 )
NET ASSETS 575,299 679,828
CAPITAL AND RESERVES
Called up share capital 9 7,525 7,525
Profit and Loss Account 567,774 672,303
SHAREHOLDERS' FUNDS 575,299 679,828
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S Woolmer
Director
27 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Crown House Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10059534 . The registered office is Crown House, 151 High Road, Loughton, Essex, IG10 4LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Rental income
Rental income is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Improvements 5 Years Straight Line
2.4. Investment Properties
Investment property is carried at fair value determined by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the Profit and Loss Account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Improvements
£
Cost
As at 1 March 2023 189,622
Additions 12,250
As at 28 February 2024 201,872
Depreciation
As at 1 March 2023 162,654
Provided during the period 15,846
As at 28 February 2024 178,500
Net Book Value
As at 28 February 2024 23,372
As at 1 March 2023 26,968
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 28 February 2024 7,962,268
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 86,459 242,866
Prepayments and accrued income 6,137 9,120
Other debtors 7,525 7,525
VAT 5,231 -
105,352 259,511
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,008 18,330
Corporation tax - (5,280 )
VAT - 22,810
Other creditors 95,255 84,456
Accruals and deferred income 70,170 222,792
Amounts owed to related parties 18 21
175,451 343,129
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to related parties 7,481,131 7,368,081
7,481,131 7,368,081
Interest of 2% plus Bank of England base rate is charged on amounts owed to related parties 
Secured loans
Amounts owed to related parties are secured against the Investment property. 
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 7,525 7,525
Page 5