IRIS Accounts Production v24.3.0.553 03073229 director 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030732292023-03-31030732292024-03-31030732292023-04-012024-03-31030732292022-03-31030732292022-04-012023-03-31030732292023-03-3103073229ns15:EnglandWales2023-04-012024-03-3103073229ns14:PoundSterling2023-04-012024-03-3103073229ns10:Director12023-04-012024-03-3103073229ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103073229ns10:SmallEntities2023-04-012024-03-3103073229ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103073229ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103073229ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103073229ns10:FullAccounts2023-04-012024-03-3103073229ns10:RegisteredOffice2023-04-012024-03-3103073229ns5:CurrentFinancialInstruments2024-03-3103073229ns5:CurrentFinancialInstruments2023-03-3103073229ns5:Non-currentFinancialInstruments2024-03-3103073229ns5:Non-currentFinancialInstruments2023-03-3103073229ns5:ShareCapital2024-03-3103073229ns5:ShareCapital2023-03-3103073229ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3103073229ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3103073229ns5:RetainedEarningsAccumulatedLosses2024-03-3103073229ns5:RetainedEarningsAccumulatedLosses2023-03-3103073229ns5:LeaseholdImprovements2023-04-012024-03-3103073229ns5:PlantMachinery2023-04-012024-03-3103073229ns5:MotorVehicles2023-04-012024-03-3103073229ns5:LeaseholdImprovements2023-03-3103073229ns5:PlantMachinery2023-03-3103073229ns5:MotorVehicles2023-03-3103073229ns5:LeaseholdImprovements2024-03-3103073229ns5:PlantMachinery2024-03-3103073229ns5:MotorVehicles2024-03-3103073229ns5:LeaseholdImprovements2023-03-3103073229ns5:PlantMachinery2023-03-3103073229ns5:MotorVehicles2023-03-3103073229ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103073229ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3103073229ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3103073229ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3103073229ns5:DeferredTaxation2023-03-3103073229ns5:DeferredTaxation2024-03-3103073229ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31
REGISTERED NUMBER: 03073229 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

CROONER LIMITED

CROONER LIMITED (REGISTERED NUMBER: 03073229)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROONER LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr Haydar Tunc





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 03073229 (England and Wales)





ACCOUNTANTS: ADPL LLP
Chartered Certified Accountants
& Business Advisers
Ernest House
293 Green Lanes
Palmers Green
London
N13 4XS

CROONER LIMITED (REGISTERED NUMBER: 03073229)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,599 37,778
Investment property 5 6,150,000 6,150,000
6,181,599 6,187,778

CURRENT ASSETS
Debtors 6 1,833,510 1,833,252
Cash at bank 496 2,333
1,834,006 1,835,585
CREDITORS
Amounts falling due within one year 7 117,550 126,840
NET CURRENT ASSETS 1,716,456 1,708,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,898,055

7,896,523

CREDITORS
Amounts falling due after more than one
year

8

(1,842,402

)

(1,833,578

)

PROVISIONS FOR LIABILITIES 9 (1,105,823 ) (1,105,823 )
NET ASSETS 4,949,830 4,957,122

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 4,378,610 4,378,610
Retained earnings 571,120 578,412
4,949,830 4,957,122

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

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

CROONER LIMITED (REGISTERED NUMBER: 03073229)

Balance Sheet - continued
31 MARCH 2024


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 director and authorised for issue on 3 December 2024 and were signed by:





Mr Haydar Tunc - Director


CROONER LIMITED (REGISTERED NUMBER: 03073229)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Crooner 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.
Improvements to property - 15% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

CROONER LIMITED (REGISTERED NUMBER: 03073229)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 35,000 16,800 19,000 70,800
DEPRECIATION
At 1 April 2023 7,481 9,571 15,970 33,022
Charge for year 4,128 1,445 606 6,179
At 31 March 2024 11,609 11,016 16,576 39,201
NET BOOK VALUE
At 31 March 2024 23,391 5,784 2,424 31,599
At 31 March 2023 27,519 7,229 3,030 37,778

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 6,150,000
NET BOOK VALUE
At 31 March 2024 6,150,000
At 31 March 2023 6,150,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,833,510 1,833,252

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 56,350 56,350
Trade creditors 360 2,230
Taxation and social security 1,692 15,091
Other creditors 59,148 53,169
117,550 126,840

CROONER LIMITED (REGISTERED NUMBER: 03073229)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 1,806,723 1,791,918
Other creditors 35,679 41,660
1,842,402 1,833,578

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 256,998 242,193

Repayable by instalments
Bank loans more 5 yr by instal 1,267,975 1,267,975

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 1,105,823 1,105,823

Deferred
tax
£   
Balance at 1 April 2023 1,105,823
Balance at 31 March 2024 1,105,823

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 4,378,610