2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,167,660 2,167,660 2,167,660 1,523,413 1,523,413 1,523,413 xbrli:pure xbrli:shares iso4217:GBP 11522879 2023-10-01 2024-09-30 11522879 2024-09-30 11522879 2023-09-30 11522879 2022-10-01 2023-09-30 11522879 2023-09-30 11522879 2022-09-30 11522879 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 11522879 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 11522879 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 11522879 bus:OrdinaryShareClass4 2023-10-01 2024-09-30 11522879 bus:OrdinaryShareClass5 2023-10-01 2024-09-30 11522879 bus:PreferenceShareClass1 2023-10-01 2024-09-30 11522879 bus:Director1 2023-10-01 2024-09-30 11522879 core:WithinOneYear 2024-09-30 11522879 core:WithinOneYear 2023-09-30 11522879 core:ShareCapital 2024-09-30 11522879 core:ShareCapital 2023-09-30 11522879 core:SharePremium 2024-09-30 11522879 core:SharePremium 2023-09-30 11522879 core:RetainedEarningsAccumulatedLosses 2024-09-30 11522879 core:RetainedEarningsAccumulatedLosses 2023-09-30 11522879 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 11522879 core:Non-currentFinancialInstruments 2024-09-30 11522879 core:Non-currentFinancialInstruments 2023-09-30 11522879 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 11522879 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 11522879 bus:SmallEntities 2023-10-01 2024-09-30 11522879 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11522879 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11522879 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11522879 bus:FullAccounts 2023-10-01 2024-09-30 11522879 bus:OrdinaryShareClass1 2024-09-30 11522879 bus:OrdinaryShareClass1 2023-09-30 11522879 bus:OrdinaryShareClass2 2024-09-30 11522879 bus:OrdinaryShareClass2 2023-09-30 11522879 bus:OrdinaryShareClass3 2024-09-30 11522879 bus:OrdinaryShareClass3 2023-09-30 11522879 bus:OrdinaryShareClass4 2024-09-30 11522879 bus:OrdinaryShareClass4 2023-09-30 11522879 bus:OrdinaryShareClass5 2024-09-30 11522879 bus:OrdinaryShareClass5 2023-09-30 11522879 bus:AllOrdinaryShares 2024-09-30 11522879 bus:AllOrdinaryShares 2023-09-30 11522879 bus:PreferenceShareClass1 2024-09-30 11522879 bus:PreferenceShareClass1 2023-09-30
COMPANY REGISTRATION NUMBER: 11522879
Crossley Holdings Ltd
Unaudited financial statements
30 September 2024
Crossley Holdings Ltd
Statement of financial position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
2,167,660
2,167,660
Investments
6
1,523,413
1,523,413
-----------
-----------
3,691,073
3,691,073
Current assets
Debtors
7
2,936,819
3,087,365
Cash at bank and in hand
446,095
516,829
-----------
-----------
3,382,914
3,604,194
Creditors: Amounts falling due within one year
8
( 4,909,037)
( 5,580,787)
-----------
-----------
Net current liabilities
( 1,526,123)
( 1,976,593)
-----------
-----------
Total assets less current liabilities
2,164,950
1,714,480
Provisions
Taxation including deferred tax
( 152)
( 152)
Accruals and deferred income
( 51,528)
( 51,378)
-----------
-----------
Net assets
2,113,270
1,662,950
-----------
-----------
Capital and reserves
Called up share capital
9
10,000
10,000
Share premium account
1,392,338
1,392,338
Profit and loss account
710,932
260,612
-----------
-----------
Shareholders funds
2,113,270
1,662,950
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Crossley Holdings Ltd
Statement of financial position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 26 February 2025 , and are signed on behalf of the board by:
A C D Crossley
Director
Company registration number: 11522879
Crossley Holdings Ltd
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB, United Kingdom. The trading address of the company is Nightingale Road Industrial Estate, Nightingale Road, Horsham, West Sussex, RH12 2NW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation of £nil is charged on the freehold property held by the company as the directors consider that the net realisable value of these assets is in excess of cost.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of employees during the year was 2 (2023: 2 ).
5. Tangible assets
Freehold property
£
Cost
At 1 October 2023 and 30 September 2024
2,167,660
-----------
Depreciation
At 1 October 2023 and 30 September 2024
-----------
Carrying amount
At 30 September 2024
2,167,660
-----------
At 30 September 2023
2,167,660
-----------
6. Investments
Shares in group undertakings
£
Cost
At 1 October 2023 and 30 September 2024
1,523,413
-----------
Impairment
At 1 October 2023 and 30 September 2024
-----------
Carrying amount
At 30 September 2024
1,523,413
-----------
At 30 September 2023
1,523,413
-----------
7. Debtors
2024
2023
£
£
Prepayments and accrued income
101,891
81,908
Other debtors
2,834,928
3,005,457
-----------
-----------
2,936,819
3,087,365
-----------
-----------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
669
954
Amounts owed to group undertakings
3,057,915
5,022,596
Social security and other taxes
50,453
57,237
Other creditors
1,800,000
500,000
-----------
-----------
4,909,037
5,580,787
-----------
-----------
Other creditors includes Shares Classified as Financial Liabilities amounting to £500,000 (2023: £500,000).
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Amounts presented in equity:
Ordinary A Shares shares of £ 1 each
7,900
7,900
7,900
7,900
Ordinary B Shares shares of £ 1 each
500
500
500
500
Ordinary C Shares shares of £ 1 each
100
100
100
100
Ordinary D Shares shares of £ 1 each
100
100
100
100
Ordinary E Shares shares of £ 1 each
700
700
700
700
Ordinary F Shares shares of £1 each
700
700
700
700
-------
-------
-------
-------
10,000
10,000
10,000
10,000
-------
-------
-------
-------
Amounts presented in liabilities:
Preference shares of £ 1 each
500,000
500,000
500,000
500,000
---------
---------
---------
---------
10. Contingencies
The company holds a joint VAT registration with other related entities. At 30 September 2024, the maximum potential liability amounted to £nil (2023: £106,859).