Registered number
09439388
Crestdene Limited
Filleted Accounts
29 February 2024
Crestdene Limited
Registered number: 09439388
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,753,806 1,752,806
Current assets
Debtors 4 347,524 342,524
Cash at bank and in hand 5,128 12,592
352,652 355,116
Creditors: amounts falling due within one year 5 (1,379,503) (1,377,868)
Net current liabilities (1,026,851) (1,022,752)
Total assets less current liabilities 726,955 730,054
Creditors: amounts falling due after more than one year 6 (710,018) (720,715)
Net assets 16,937 9,339
Capital and reserves
Called up share capital 1 1
Profit and loss account 16,936 9,338
Shareholders' funds 16,937 9,339
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Maurice Freund
Director
Approved by the board on 21 February 2025
Crestdene Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 1,752,806 - 1,752,806
Additions - 1,000 1,000
At 29 February 2024 1,752,806 1,000 1,753,806
Depreciation
At 29 February 2024 - - -
Net book value
At 29 February 2024 1,752,806 1,000 1,753,806
At 28 February 2023 1,752,806 - 1,752,806
4 Debtors 2024 2023
£ £
Other debtors 347,524 342,524
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,782 148
Other creditors 1,377,721 1,377,720
1,379,503 1,377,868
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 710,018 720,715
7 Other information
Crestdene Limited is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
Crestdene Limited 09439388 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts July 2024 Maurice Freund No description of principal activity 09439388 2022-03-01 2023-02-28 09439388 core:WithinOneYear 2023-02-28 09439388 core:AfterOneYear 2023-02-28 09439388 core:ShareCapital 2023-02-28 09439388 core:RetainedEarningsAccumulatedLosses 2023-02-28 09439388 2023-03-01 2024-02-29 09439388 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09439388 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09439388 bus:Director40 2023-03-01 2024-02-29 09439388 1 2023-03-01 2024-02-29 09439388 2 2023-03-01 2024-02-29 09439388 core:LandBuildings 2023-03-01 2024-02-29 09439388 core:PlantMachinery 2023-03-01 2024-02-29 09439388 countries:England 2023-03-01 2024-02-29 09439388 bus:FRS102 2023-03-01 2024-02-29 09439388 bus:FilletedAccounts 2023-03-01 2024-02-29 09439388 2024-02-29 09439388 core:WithinOneYear 2024-02-29 09439388 core:AfterOneYear 2024-02-29 09439388 core:ShareCapital 2024-02-29 09439388 core:RetainedEarningsAccumulatedLosses 2024-02-29 09439388 core:LandBuildings 2024-02-29 09439388 core:PlantMachinery 2024-02-29 09439388 2023-02-28 09439388 core:LandBuildings 2023-02-28 09439388 core:PlantMachinery 2023-02-28 iso4217:GBP xbrli:pure