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REGISTERED NUMBER: 01594433 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

MEDETCROWN LIMITED

MEDETCROWN LIMITED (REGISTERED NUMBER: 01594433)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MEDETCROWN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: B J Perry
Mrs C D Perry





SECRETARY: Mrs V J Goreham





REGISTERED OFFICE: Baileys Farm
Lound Low Road
Sutton
RETFORD
DN22 8PN





REGISTERED NUMBER: 01594433 (England and Wales)

MEDETCROWN LIMITED (REGISTERED NUMBER: 01594433)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117,238 120,120
Investments 5 1,248,855 1,248,855
Investment property 6 919,676 758,725
2,285,769 2,127,700

CURRENT ASSETS
Debtors 7 60,839 61,739
Cash at bank 1,192,239 973,944
1,253,078 1,035,683
CREDITORS
Amounts falling due within one year 8 20,781 22,560
NET CURRENT ASSETS 1,232,297 1,013,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,518,066

3,140,823

CAPITAL AND RESERVES
Called up share capital 153 153
Share premium 1,107,060 1,107,060
Retained earnings 2,410,853 2,033,610
SHAREHOLDERS' FUNDS 3,518,066 3,140,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 20 November 2024 and were signed on its behalf by:




B J Perry - Director


MEDETCROWN LIMITED (REGISTERED NUMBER: 01594433)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Medetcrown 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

MEDETCROWN LIMITED (REGISTERED NUMBER: 01594433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 157,686 18,805 176,491
Additions - 316 316
At 30 April 2024 157,686 19,121 176,807
DEPRECIATION
At 1 May 2023 37,566 18,805 56,371
Charge for year 3,159 39 3,198
At 30 April 2024 40,725 18,844 59,569
NET BOOK VALUE
At 30 April 2024 116,961 277 117,238
At 30 April 2023 120,120 - 120,120

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 1,248,855
NET BOOK VALUE
At 30 April 2024 1,248,855
At 30 April 2023 1,248,855

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 758,725
Additions 160,951
At 30 April 2024 919,676
NET BOOK VALUE
At 30 April 2024 919,676
At 30 April 2023 758,725

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 720 1,320
Other debtors 60,119 60,419
60,839 61,739

MEDETCROWN LIMITED (REGISTERED NUMBER: 01594433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 12,978 19,127
Other creditors 7,803 3,433
20,781 22,560

9. ULTIMATE CONTROLLING PARTY



The ultimate controlling party is Mr B & Mrs C Perry due to their directorships and shareholdings in the company.