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Company Registration No. 13174833 (England and Wales)
Property Crystal Ltd Unaudited accounts for the period from 1 March 2023 to 28 February 2024
Property Crystal Ltd Unaudited accounts Contents
Page
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Property Crystal Ltd Company Information for the period from 1 March 2023 to 28 February 2024
Director
Nadarajah GNANAMURALI
Company Number
13174833 (England and Wales)
Registered Office
18 TREVELYAN CRESCENT HARROW HA3 0RL ENGLAND
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Property Crystal Ltd for the period from 1 March 2023 to 28 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Property Crystal Ltd for the period from 1 March 2023 to 28 February 2024 as set out on pages 5 - 6 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Property Crystal Ltd, as a body, in accordance with the terms of our engagement letter dated 2 February 2021. Our work has been undertaken solely to prepare for your approval the accounts of Property Crystal Ltd and state those matters that we have agreed to state to the Board of Directors of Property Crystal Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Property Crystal Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Property Crystal Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Property Crystal Ltd. You consider that Property Crystal Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Property Crystal Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chartered Certified Accountants 18 June 2024
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Property Crystal Ltd Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,774,400 
1,774,400 
Current assets
Cash at bank and in hand
54 
20,047 
Creditors: amounts falling due within one year
- 
(3,115)
Net current assets
54 
16,932 
Total assets less current liabilities
1,774,454 
1,791,332 
Creditors: amounts falling due after more than one year
(1,906,825)
(1,773,946)
Net (liabilities)/assets
(132,371)
17,386 
Capital and reserves
Called up share capital
(2)
(2)
Profit and loss account
(132,369)
17,388 
Shareholders' funds
(132,371)
17,386 
For the period 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2024 and were signed on its behalf by
Nadarajah GNANAMURALI Director Company Registration No. 13174833
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Property Crystal Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
Property Crystal Ltd is a private company, limited by shares, registered in England and Wales, registration number 13174833. The registered office is 18 TREVELYAN CRESCENT, HARROW, HA3 0RL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
1,774,400 
At 28 February 2024
1,774,400 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
3,115 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,054,235 
1,044,105 
Other creditors
87,850 
- 
Loans from directors
752,730 
718,481 
Accruals
12,010 
11,360 
1,906,825 
1,773,946 
7
Average number of employees
During the period the average number of employees was 0 (2023: 0).
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