Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08213346 2023-06-01 2024-05-31 08213346 2022-06-01 2023-05-31 08213346 2024-05-31 08213346 2023-05-31 08213346 c:Director2 2023-06-01 2024-05-31 08213346 d:PlantMachinery 2023-06-01 2024-05-31 08213346 d:PlantMachinery 2024-05-31 08213346 d:PlantMachinery 2023-05-31 08213346 d:CurrentFinancialInstruments 2024-05-31 08213346 d:CurrentFinancialInstruments 2023-05-31 08213346 d:Non-currentFinancialInstruments 2024-05-31 08213346 d:Non-currentFinancialInstruments 2023-05-31 08213346 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08213346 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08213346 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 08213346 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 08213346 d:ShareCapital 2024-05-31 08213346 d:ShareCapital 2023-05-31 08213346 d:RetainedEarningsAccumulatedLosses 2024-05-31 08213346 d:RetainedEarningsAccumulatedLosses 2023-05-31 08213346 c:FRS102 2023-06-01 2024-05-31 08213346 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08213346 c:FullAccounts 2023-06-01 2024-05-31 08213346 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08213346 6 2023-06-01 2024-05-31 08213346 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 08213346










CROSSBOW INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
CROSSBOW INVESTMENTS LIMITED
REGISTERED NUMBER: 08213346

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
150
150

Current assets
  

Debtors: amounts falling due within one year
 6 
3,631,931
2,550,084

Cash at bank and in hand
  
1,522
6,276

  
3,633,453
2,556,360

Creditors: amounts falling due within one year
 7 
(2,954,987)
(1,907,258)

Net current assets
  
 
 
678,466
 
 
649,102

Total assets less current liabilities
  
678,616
649,252

Creditors: amounts falling due after more than one year
 8 
(10,000)
(20,000)

  

Net assets
  
668,616
629,252


Capital and reserves
  

Called up share capital 
  
100
2

Profit and loss account
  
668,516
629,250

  
668,616
629,252


Page 1

 
CROSSBOW INVESTMENTS LIMITED
REGISTERED NUMBER: 08213346
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 income and retained earnings 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 on 24 February 2025.




T G Cross
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CROSSBOW INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Crossbow Investments Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 08213346). Its registered office is First Floor Unit F 150, Little London Road, Sheffield, South Yorkshire, S8 0UJ. The principal activity of the Company throughout the year continued to be that of management and funding of construction projects.  

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 Company's functional and presentation currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
CROSSBOW INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.  
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:

Depreciation is provided on the following basis:

Plant and machinery
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
CROSSBOW INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 June 2023
966


Disposals
(966)



At 31 May 2024

-





At 1 June 2023
966


Disposals
(966)



At 31 May 2024

-



Net book value



At 31 May 2024
-



At 31 May 2023
-


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 June 2023
150



At 31 May 2024

150






Net book value



At 31 May 2024
150



At 31 May 2023
150

Page 5

 
CROSSBOW INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Other debtors
1,656,929
2,004,102

Amounts owed by group undertakings
1,975,002
545,982

3,631,931
2,550,084



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,997
10,000

Trade creditors
24
456

Amounts owed to group undertakings
2,944,305
1,800,009

Other creditors
661
96,793

2,954,987
1,907,258



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,000
20,000


 
Page 6