Company Registration No. 01438294 (England and Wales)
Cropfame Limited
Unaudited accounts
for the year ended 30 June 2024
Cropfame Limited
Unaudited accounts
Contents
Cropfame Limited
Company Information
for the year ended 30 June 2024
Directors
Ian Engel
Suzanne Engel
James Engel
Company Number
01438294 (England and Wales)
Registered Office
95 Elizabeth Court
Palgrave Gardens
London
NW1 6EJ
United Kingdom
Cropfame Limited
Statement of financial position
as at 30 June 2024
Investment property
2,387,391
2,387,391
Debtors
1,163,000
1,162,520
Cash at bank and in hand
384,551
538,609
Creditors: amounts falling due within one year
(94,389)
(104,657)
Net current assets
1,453,162
1,596,472
Net assets
4,097,605
3,983,863
Called up share capital
4
4
Profit and loss account
4,097,601
3,983,859
Shareholders' funds
4,097,605
3,983,863
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 20 November 2024 and were signed on its behalf by
Ian Engel
Director
Company Registration No. 01438294
Cropfame Limited
Notes to the Accounts
for the year ended 30 June 2024
Cropfame Limited is a private company, limited by shares, registered in England and Wales, registration number 01438294. The registered office is 95 Elizabeth Court, Palgrave Gardens, London, NW1 6EJ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Fair value at 1 July 2023
2,387,391
5
Investments
Other investments
Valuation at 1 July 2023
-
Valuation at 30 June 2024
257,052
The investment represents a one-year fixed rate bond of £250,000 invested on 15 December 2023 earning interest at 5.2% per annum.
Amounts falling due after more than one year
Other debtors
1,163,000
1,162,520
Cropfame Limited
Notes to the Accounts
for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
39,109
49,997
Other creditors
2,694
2,603
Loans from directors
1,571
1,571
Deferred income
40,947
40,447
8
Transactions with related parties
Debtors falling due after one year relates to a loan to Lecana Ltd, the company's ultimate holding company.
Cropfame Limited is a wholly owned subsidiary of Lecana Ltd, a company registered in the UK.
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).