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REGISTERED NUMBER: 05121009 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 May 2024

for

Crown Partners Limited

Crown Partners Limited (Registered number: 05121009)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crown Partners Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: SN Patel





SECRETARY: S Patel





REGISTERED OFFICE: 4 West Drive
Harrow
Middlesex
HA3 6TS





REGISTERED NUMBER: 05121009 (England and Wales)





ACCOUNTANTS: LB Group Advisory Limited
Swift House, Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

Crown Partners Limited (Registered number: 05121009)

Balance Sheet
31 May 2024

31.5.23 31.5.24
£    £    Notes £    £   
FIXED ASSETS
600,000 Investment property 4 600,000

CURRENT ASSETS
1,652 Debtors 5 -
35,448 Cash at bank 37,486
37,100 37,486
CREDITORS
39,193 Amounts falling due within one year 6 39,666
(2,093 ) NET CURRENT LIABILITIES (2,180 )
597,907 TOTAL ASSETS LESS CURRENT
LIABILITIES

597,820

CREDITORS
(346,500 ) Amounts falling due after more than one
year

7

(346,500

)

(46,435 ) PROVISIONS FOR LIABILITIES (46,435 )
204,972 NET ASSETS 204,885

CAPITAL AND RESERVES
3 Called up share capital 3
244,396 Revaluation reserve 9 244,396
(39,427 ) Retained earnings (39,514 )
204,972 SHAREHOLDERS' FUNDS 204,885

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Crown Partners Limited (Registered number: 05121009)

Balance Sheet - continued
31 May 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 director and authorised for issue on 7 February 2025 and were signed by:





SN Patel - Director


Crown Partners Limited (Registered number: 05121009)

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

1. STATUTORY INFORMATION

Crown Partners Limited 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.

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 as modified by the revaluation of certain assets.

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.

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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 600,000
NET BOOK VALUE
At 31 May 2024 600,000
At 31 May 2023 600,000

Crown Partners Limited (Registered number: 05121009)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 600,000

If investment property had not been revalued it would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 355,605 355,605

Investment Property was valued on an open market basis on 31 May 2024 by by the Director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors - 1,652

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 473 -
Other creditors 39,193 39,193
39,666 39,193

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 346,500 346,500

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank Loan 346,500 346,500

The bank loan is interest only, so no capital is being repaid. It is secured by a fixed charge over land and property owned by the company.

9. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 244,396

Crown Partners Limited (Registered number: 05121009)

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

10. POST BALANCE SHEET EVENTS

There are no post balance sheet events to be brought to the attention of shareholders and third parties.