Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09262753 Mr A Dattani Mr A Modi Mr N Desai iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09262753 2023-02-28 09262753 2024-02-29 09262753 2023-03-01 2024-02-29 09262753 frs-core:CurrentFinancialInstruments 2024-02-29 09262753 frs-core:Non-currentFinancialInstruments 2024-02-29 09262753 frs-core:ShareCapital 2024-02-29 09262753 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09262753 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09262753 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09262753 frs-bus:SmallEntities 2023-03-01 2024-02-29 09262753 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09262753 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09262753 frs-bus:Director1 2023-03-01 2024-02-29 09262753 frs-bus:Director2 2023-03-01 2024-02-29 09262753 frs-bus:Director3 2023-03-01 2024-02-29 09262753 frs-countries:EnglandWales 2023-03-01 2024-02-29 09262753 2022-02-28 09262753 2023-02-28 09262753 2022-03-01 2023-02-28 09262753 frs-core:CurrentFinancialInstruments 2023-02-28 09262753 frs-core:Non-currentFinancialInstruments 2023-02-28 09262753 frs-core:ShareCapital 2023-02-28 09262753 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09262753
Crownvale Limited
ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 09262753
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,438,796 1,438,796
1,438,796 1,438,796
CURRENT ASSETS
Debtors 5 971 746
Cash at bank and in hand 5,815 10,055
6,786 10,801
Creditors: Amounts Falling Due Within One Year 6 (459,752 ) (449,164 )
NET CURRENT ASSETS (LIABILITIES) (452,966 ) (438,363 )
TOTAL ASSETS LESS CURRENT LIABILITIES 985,830 1,000,433
Creditors: Amounts Falling Due After More Than One Year 7 (811,227 ) (821,087 )
NET ASSETS 174,603 179,346
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 174,503 179,246
SHAREHOLDERS' FUNDS 174,603 179,346
Page 1
Page 2
For the year ending 29 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 Income Statement.
On behalf of the board
Mr A Modi
Director
28th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Crownvale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09262753 . The registered office is 144-146 King's Cross Road, London, WC1X 9DU.
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. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the income statement.
2.3. 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. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 1,438,796
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 971 746
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 9,860 9,860
Amounts owed to group undertakings 431,996 420,996
Other creditors 17,896 15,461
Taxation and social security - 2,846
459,752 449,164
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 811,227 821,087
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4