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Registration number: 01822790

Crown Hall Estates Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Crown Hall Estates Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Crown Hall Estates Ltd

Company Information

Directors

H C Robbie

J E Robbie

Registered office

Astra House
The Common
Cranleigh
Surrey
GU6 8RE

Accountants

Courtlands
62 Copsem Lane
Oxshott
Surrey
KT22 0NT

 

Crown Hall Estates Ltd

(Registration number: 01822790)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

5

98

98

Current assets

 

Stocks

333,078

350,411

Debtors

6

326,538

390,397

Cash at bank and in hand

 

224,364

260,437

 

883,980

1,001,245

Creditors: Amounts falling due within one year

7

(119,914)

(386,295)

Net current assets

 

764,066

614,950

Net assets

 

764,164

615,048

Capital and reserves

 

Called up share capital

8

5,000

5,000

Capital redemption reserve

100,000

100,000

Retained earnings

659,164

510,048

Shareholders' funds

 

764,164

615,048

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 February 2025 and signed on its behalf by:
 

.........................................
H C Robbie
Director

.........................................
J E Robbie
Director

 
     
 

Crown Hall Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Astra House
The Common
Cranleigh
Surrey
GU6 8RE

These financial statements were authorised for issue by the Board on 3 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of development projects completed and provisions of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises corporation tax chargeable at current rates and is assessed on taxable profits for the year.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Crown Hall Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings & equipment

20% reducing balance basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from clients in respect of development projects in progress or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock is represented by work in progress which is based on accumulated property development and joint venture project costs with an anticipated successful completion and is valued at the lower of cost and net realisable value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Crown Hall Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 June 2023

18,453

18,453

Disposals

(18,453)

(18,453)

At 31 May 2024

-

-

Depreciation

At 1 June 2023

18,453

18,453

Eliminated on disposal

(18,453)

(18,453)

At 31 May 2024

-

-

Carrying amount

At 31 May 2024

-

-

5

Investments

2024
£

2023
£

Investments in subsidiaries

98

98

Subsidiaries

£

Cost or valuation

At 1 June 2023

98

Provision

Carrying amount

At 31 May 2024

98

At 31 May 2023

98

 

Crown Hall Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Cranleigh Star Development Company Limited

England & Wales

Ordinary

98%

98%

Subsidiary undertakings

Cranleigh Star Development Company Limited

The principal activity of Cranleigh Star Development Company Limited is Property Investment.

6

Debtors

Current

2024
£

2023
£

Trade debtors

20,634

5,345

Amounts owed by subsidiary company

287,014

370,289

Other debtors

18,890

14,763

 

326,538

390,397

 

Crown Hall Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

11,052

67,200

Taxation and social security

74,103

46,501

Accruals and deferred income

6,000

4,000

Other creditors

28,759

268,594

119,914

386,295

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100