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REGISTERED NUMBER: 05979419 (England and Wales)














REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CRESTFORM (HOLDINGS) LIMITED

CRESTFORM (HOLDINGS) LIMITED (REGISTERED NUMBER: 05979419)

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










Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


CRESTFORM (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: P Gubbay





SECRETARY: Ms S Zainuddin





REGISTERED OFFICE: 7 Praed Street
London
W2 1NJ





REGISTERED NUMBER: 05979419 (England and Wales)






CRESTFORM (HOLDINGS) LIMITED (REGISTERED NUMBER: 05979419)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31ST MARCH 2024


The director presents his report with the financial statements of the company for the year ended 31st March 2024.

DIRECTOR
P Gubbay held office during the whole of the period from 1st April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Gubbay - Director


2nd December 2024

CRESTFORM (HOLDINGS) LIMITED (REGISTERED NUMBER: 05979419)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2024

2024 2023
£ £

TURNOVER 26,146 5,585

Administrative expenses (36,983 ) (5,443 )
OPERATING (LOSS)/PROFIT (10,837 ) 142

Interest receivable and similar income 33,784 -
22,947 142

Interest payable and similar expenses - (78 )
PROFIT BEFORE TAXATION 22,947 64

Tax on profit (2,853 ) -
PROFIT FOR THE FINANCIAL YEAR 20,094 64

CRESTFORM (HOLDINGS) LIMITED (REGISTERED NUMBER: 05979419)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £ £
FIXED ASSETS
Investments 4 535,501 547,501
Investment property 5 1,324,539 1,324,534
1,860,040 1,872,035

CURRENT ASSETS
Debtors 6 23,034 15,579
Cash at bank 1,216,189 1,183,440
1,239,223 1,199,019
CREDITORS
Amounts falling due within one year 7 (18,294 ) (10,179 )
NET CURRENT ASSETS 1,220,929 1,188,840
TOTAL ASSETS LESS CURRENT LIABILITIES 3,080,969 3,060,875

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Capital redemption reserve 5,000 5,000
Retained earnings 3,070,969 3,050,875
3,080,969 3,060,875

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

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 2nd December 2024 and were signed by:





P Gubbay - Director


CRESTFORM (HOLDINGS) LIMITED (REGISTERED NUMBER: 05979419)

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


1. STATUTORY INFORMATION

Crestform (Holdings) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income received, net of value added tax.

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.

Investments in joint ventures
Investments in joint ventures are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

2024 2023
£ £
Participating interests 1 1
Loans to undertakings in which the company has a
participating interest

535,500

547,500
535,501 547,501

CRESTFORM (HOLDINGS) LIMITED (REGISTERED NUMBER: 05979419)

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


4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Interest in
joint
venture
£
COST
At 1st April 2023
and 31st March 2024 1
NET BOOK VALUE
At 31st March 2024 1
At 31st March 2023 1
Loans to
joint
ventures
£
At 1st April 2023 547,500
Repayment in year (12,000 )
At 31st March 2024 535,500

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1st April 2023 1,324,534
Additions 5
At 31st March 2024 1,324,539
NET BOOK VALUE
At 31st March 2024 1,324,539
At 31st March 2023 1,324,534

Investment properties have been included in the balance sheet at fair value which was calculated by management in accordance with the company's valuation policies. Values are derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location and condition of the specific asset.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 2,149 -
Other debtors 20,885 15,579
23,034 15,579

CRESTFORM (HOLDINGS) LIMITED (REGISTERED NUMBER: 05979419)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 15,663 7,681
Taxation and social security 2,850 (2 )
Other creditors (219 ) 2,500
18,294 10,179

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£ £
P Gubbay
Balance outstanding at start of year 704 -
Amounts advanced - 704
Amounts repaid (704 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 704

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by its director.