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Company Registration No. 12656361 (England and Wales)
Cross Keys Developments Ltd Unaudited accounts for the year ended 30 June 2024
Cross Keys Developments Ltd Unaudited accounts Contents
Page
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Cross Keys Developments Ltd Company Information for the year ended 30 June 2024
Directors
COLLINGE, Oliver Robert LEGGET, Nicholas Andrew MCGROARTY, Liam Declan
Company Number
12656361 (England and Wales)
Registered Office
51 Hilton Street Manchester M1 2EF
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Cross Keys Developments Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
191,265 
- 
Current assets
Cash at bank and in hand
979 
87,436 
Creditors: amounts falling due within one year
(119,427)
(90,427)
Net current liabilities
(118,448)
(2,991)
Total assets less current liabilities
72,817 
(2,991)
Creditors: amounts falling due after more than one year
(100,106)
- 
Net liabilities
(27,289)
(2,991)
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
(27,292)
(2,994)
Shareholders' funds
(27,289)
(2,991)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by
COLLINGE, Oliver Robert Director Company Registration No. 12656361
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Cross Keys Developments Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Cross Keys Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 12656361. The registered office is 51 Hilton Street, Manchester, M1 2EF.
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 year, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Additions
191,265 
At 30 June 2024
191,265 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
80,180 
60,180 
Loans from directors
38,997 
29,997 
Accruals
250 
250 
119,427 
90,427 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
100,106 
- 
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Cross Keys Developments Ltd Notes to the Accounts for the year ended 30 June 2024
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
8
Transactions with related parties
The company is related to Youth Studio Limited by virtue of common shareholders and directors. The amount owed to Youth Studio Limited at the balance sheet date was £60,180 (2022: £60,000).
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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