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REGISTERED NUMBER: 12553923 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

CR Property NE Ltd

CR Property NE Ltd (Registered number: 12553923)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CR Property NE Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P A Crook
K A Robinson





REGISTERED OFFICE: 263 Trimdon Avenue
Middlesbrough
TS5 8TL





REGISTERED NUMBER: 12553923 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

CR Property NE Ltd (Registered number: 12553923)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 280,220 280,220

CURRENT ASSETS
Cash at bank 2,083 3,113

CREDITORS
Amounts falling due within one year 5 154,447 148,126
NET CURRENT LIABILITIES (152,364 ) (145,013 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,856

135,207

CREDITORS
Amounts falling due after more than one
year

6

149,120

149,120
NET LIABILITIES (21,264 ) (13,913 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (21,266 ) (13,915 )
(21,264 ) (13,913 )

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.

CR Property NE Ltd (Registered number: 12553923)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:




P A Crook - Director



K A Robinson - Director


CR Property NE Ltd (Registered number: 12553923)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

CR Property NE Ltd 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.

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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 2 (2023 - 2 ) .

CR Property NE Ltd (Registered number: 12553923)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 280,220
NET BOOK VALUE
At 30 April 2024 280,220
At 30 April 2023 280,220

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 154,447 148,126

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 149,120 149,120

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 149,120 149,120

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Other loans 149,120 149,120

The Mortgage Works (UK) Plc hold a fixed and floating charge dated 19th November 2021 over 12 Brafferton Walk, TS5 8SW owned by the company.

The Mortgage Works (UK) Plc hold a fixed and floating charge dated 5th April 2022 over 26 Britannia Place, TS10 5LT owned by the company.

8. RELATED PARTY DISCLOSURES

As at the 30th April 2023 the company owed its directors £24,916 (2022: £24,246)

Mr P Crook is also a director or PAC Vent Ltd.
As at 30th April 2023 CR Property NE Ltd owed PAC Vent Ltd £49,907.

Mr K Robinson is also a director of Supreme Garage Doors Limited.
As at 30th April 2023 CR Property NE Ltd owed Supreme Garage Doors Limited £71,933.

The company is under control of that of its shareholders.