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REGISTERED NUMBER: 06487898 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CRYSTAL PROPERTIES & INVESTMENTS LTD

CRYSTAL PROPERTIES & INVESTMENTS LTD (REGISTERED NUMBER: 06487898)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRYSTAL PROPERTIES & INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: T A Jerman
S H Cheung
T D Jerman





SECRETARY: S H Cheung





REGISTERED OFFICE: Unit 6
Loughton Business Centre
Langston Road
Loughton
Essex
IG10 3SD





REGISTERED NUMBER: 06487898 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

CRYSTAL PROPERTIES & INVESTMENTS LTD (REGISTERED NUMBER: 06487898)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,271,906 4,271,906

CURRENT ASSETS
Debtors 5 162,660 84,500
Investments 6 3,605,131 3,415,653
Cash at bank 27,001 70,411
3,794,792 3,570,564
CREDITORS
Amounts falling due within one year 7 129,137 159,419
NET CURRENT ASSETS 3,665,655 3,411,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,937,561

7,683,051

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,937,560 7,683,050
7,937,561 7,683,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





T A Jerman - Director


CRYSTAL PROPERTIES & INVESTMENTS LTD (REGISTERED NUMBER: 06487898)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Crystal Properties & Investments Ltd 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Management fees are recognised in the period in which services are rendered.

Rental income is recognised on a receivable basis.

Investment income is recognised on a receivable basis.

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.

Current asset investment
The current asset investment is included at cost and the income earned on the investment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CRYSTAL PROPERTIES & INVESTMENTS LTD (REGISTERED NUMBER: 06487898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 4,271,906
NET BOOK VALUE
At 30 September 2024 4,271,906
At 30 September 2023 4,271,906

The Directors have assessed that the fair value of the investment properties is not materially different from cost at balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related companies 159,006 83,183
Other debtors 3,654 1,317
162,660 84,500

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 3,605,131 3,415,653
Market value of listed investments at 30 September 2024 - £ 4,179,200 (2023 - £ 3,645,468 ).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,328 3,198
Taxation and social security 103,836 111,296
Other creditors 21,973 44,925
129,137 159,419

8. RELATED PARTY DISCLOSURES

At the balance sheet date there was a balance due from a company under common control of £159,006 (2023: £83,183). The loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is T A Jerman.