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REGISTERED NUMBER: SC334699 (Scotland)















Crown Park Homes Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






Crown Park Homes Limited (Registered number: SC334699)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Crown Park Homes Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: C A Welch (Snr)
A J Welch





REGISTERED OFFICE: Seaton House
Seaton Estate
Seaton Road
Seaton
Arbroath, Angus
DD11 5SE





REGISTERED NUMBER: SC334699 (Scotland)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Crown Park Homes Limited (Registered number: SC334699)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,050,011 1,050,011

CURRENT ASSETS
Debtors 5 18,950 -
Cash in hand 1 1
18,951 1
CREDITORS
Amounts falling due within one year 6 731,343 731,343
NET CURRENT LIABILITIES (712,392 ) (731,342 )
TOTAL ASSETS LESS CURRENT LIABILITIES 337,619 318,669

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Revaluation reserve 330,000 330,000
Retained earnings 6,618 (12,332 )
SHAREHOLDERS' FUNDS 337,619 318,669

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

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

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 23 January 2025 and were signed on its behalf by:




C A Welch (Snr) - Director


Crown Park Homes Limited (Registered number: SC334699)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Crown Park Homes Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.In years where an independent valuation was not sought the freehold property is revalued on a fair value basis by the director.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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.

Crown Park Homes Limited (Registered number: SC334699)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 1,050,000 19,850 1,069,850
DEPRECIATION
At 1 September 2023
and 31 August 2024 - 19,839 19,839
NET BOOK VALUE
At 31 August 2024 1,050,000 11 1,050,011
At 31 August 2023 1,050,000 11 1,050,011

The freehold property was valued by an independent valuer on an open market basis in October 2023 and was revalued on a fair value basis by the directors on 31 August 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 18,950 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 731,343 731,343

7. ULTIMATE CONTROLLING PARTY

Crown Park Homes Limited is a 100% owned subsidiary of the parent undertaking, Crown Parks Limited, a company incorporated in Scotland with its registered office at Seaton House, Seaton Estate, Seaton Road, Seaton, Arbroath, Angus, DD11 SSE.