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Registered number: 06887603









CROSSWAYS (DARTFORD) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
CROSSWAYS (DARTFORD) LIMITED
REGISTERED NUMBER: 06887603

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
112,578
112,578

Current assets
  

Stocks
 5 
55,106
55,106

Debtors: amounts falling due within one year
 6 
56,197
35,907

Cash at bank and in hand
 7 
841,966
829,105

  
953,269
920,118

Creditors: amounts falling due within one year
 8 
(21,935)
(40,304)

Net current assets
  
 
 
931,334
 
 
879,814

Total assets less current liabilities
  
1,043,912
992,392

  

Net assets
  
1,043,912
992,392


Capital and reserves
  

Called up share capital 
 9 
50,004
50,004

Profit and loss account
  
993,908
942,388

  
1,043,912
992,392


Page 1

 
CROSSWAYS (DARTFORD) LIMITED
REGISTERED NUMBER: 06887603
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N P Turner
Director

Date: 27 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CROSSWAYS (DARTFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Crossways (Dartford) Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Unit 12, Quadrant Court, Charles Park, Crossways Business Park, Dartford, Kent, DA9 9AY. The principal activity of the company continues to be that of property and land development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of licences and rental income and property development during the year, exclusive of Value Added Tax.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 3

 
CROSSWAYS (DARTFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

  
2.5

Investment property

Investment properties are included in the balance sheet at their open market value in accordance with  the provisions of FRS 102 Section 1A - small entities and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

  
2.6

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value. Cost includes all direct costs.
Profit on work in progress is taken as the development work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end. 

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
CROSSWAYS (DARTFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 May 2023
112,578



At 30 April 2024
112,578




The fixed asset investments were valued at open market basis by the directors at 30th April 2024.

5.


Stocks

2024
2023
£
£

Land, fixtures and equipment
55,106
55,106

55,106
55,106


Page 5

 
CROSSWAYS (DARTFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
1,184

Other debtors
3,448
34,454

Called up share capital not paid
2
2

Prepayments and accrued income
52,747
267

56,197
35,907



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
841,966
829,105

841,966
829,105



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
13,148
29,521

Accruals and deferred income
8,787
10,783

21,935
40,304


Page 6

 
CROSSWAYS (DARTFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4 (2023 - 4) Ordinary shares of £1.00 each
4
4
50,000 (2023 - 50,000) Preference shares of £1.00 each
50,000
50,000

50,004

50,004


Page 7