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REGISTERED NUMBER: 02193004 (England and Wales)















Crawley Futures Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Crawley Futures Limited (Registered number: 02193004)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Crawley Futures Limited

Company Information
for the year ended 30 June 2024







Directors: Terence Crawley
Lisa Crawley





Secretary: Warwick Consultancy Services Limited





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 02193004 (England and Wales)






Crawley Futures Limited (Registered number: 02193004)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investments 4 57,841 57,841
Investment property 5 375,000 700,000
432,841 757,841

Current assets
Cash at bank 287,067 57,908

Creditors
Amounts falling due within one year 6 266,206 273,398
Net current assets/(liabilities) 20,861 (215,490 )
Total assets less current liabilities 453,702 542,351

Capital and reserves
Called up share capital 7 15,000 15,000
Retained earnings 8 438,702 527,351
Shareholders' funds 453,702 542,351

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 June 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:





Terence Crawley - Director


Crawley Futures Limited (Registered number: 02193004)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

Crawley Futures Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office can be found on the Company's Information page.

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.

The functional and presentational currency is the pound sterling (£). These financial statements are rounded to the nearest £.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

Critical accounting judgements and estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the Company's accounting policies
The Company makes a number of assessments which require judgement in preparing the accounts and can have a significant effect upon the financial statements. However due to the straight forward nature of the Company's business, management does not believe that there are any judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. However due to the straight forward nature of the Company's business, management does not believe that there are any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Financial instruments
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets
Basic financial assets, including trade and other receivables, and cash and bank balances, are initially recognised at transaction price.

Trade receivables are assets due for services that have been acquired in the ordinary course of business from customers. Accounts receivables are classified as current assets if receipt is expected within one year or less. If not, they are presented as non-current assets. Trade receivables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

(ii) Financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price.

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Crawley Futures Limited (Registered number: 02193004)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


3. Employees and directors

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

4. Fixed asset investments
Other
investments
£
Cost
At 1 July 2023
and 30 June 2024 57,841
Net book value
At 30 June 2024 57,841
At 30 June 2023 57,841

5. Investment property
Total
£
Fair value
At 1 July 2023 700,000
Disposals (325,000 )
At 30 June 2024 375,000
Net book value
At 30 June 2024 375,000
At 30 June 2023 700,000

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 3,600 -
Directors' loan accounts 262,606 273,398
266,206 273,398

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
15,000 Ordinary £1 15,000 15,000

8. Reserves
Retained
earnings
£

At 1 July 2023 527,351
Deficit for the year (88,649 )
At 30 June 2024 438,702

Crawley Futures Limited (Registered number: 02193004)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


9. Related party disclosures

At the balance sheet date, the company owes the directors £262,606 (2023: £273,398)