Silverfin false false 31/03/2024 30/09/2023 31/03/2024 C Croft 30/09/2023 M Croft 30/09/2023 13 March 2025 The principal activity of the Company during the financial period was that of a rental company. 15177853 2024-03-31 15177853 bus:Director1 2024-03-31 15177853 bus:Director2 2024-03-31 15177853 core:CurrentFinancialInstruments 2024-03-31 15177853 core:Non-currentFinancialInstruments 2024-03-31 15177853 core:ShareCapital 2024-03-31 15177853 core:RetainedEarningsAccumulatedLosses 2024-03-31 15177853 2023-09-29 15177853 bus:OrdinaryShareClass1 2024-03-31 15177853 2023-09-30 2024-03-31 15177853 bus:FilletedAccounts 2023-09-30 2024-03-31 15177853 bus:SmallEntities 2023-09-30 2024-03-31 15177853 bus:AuditExemptWithAccountantsReport 2023-09-30 2024-03-31 15177853 bus:PrivateLimitedCompanyLtd 2023-09-30 2024-03-31 15177853 bus:Director1 2023-09-30 2024-03-31 15177853 bus:Director2 2023-09-30 2024-03-31 15177853 core:Non-currentFinancialInstruments 2023-09-30 2024-03-31 15177853 bus:OrdinaryShareClass1 2023-09-30 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15177853 (England and Wales)

CRFT PROPERTIES LIMITED

Unaudited Financial Statements
For the financial period from 30 September 2023 to 31 March 2024
Pages for filing with the registrar

CRFT PROPERTIES LIMITED

Unaudited Financial Statements

For the financial period from 30 September 2023 to 31 March 2024

Contents

CRFT PROPERTIES LIMITED

BALANCE SHEET

As at 31 March 2024
CRFT PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Investment property 3 210,593
210,593
Current assets
Debtors 4 10
10
Creditors: amounts falling due within one year 5 ( 7,745)
Net current liabilities (7,735)
Total assets less current liabilities 202,858
Creditors: amounts falling due after more than one year 6 ( 206,000)
Net liabilities ( 3,142)
Capital and reserves
Called-up share capital 7 10
Profit and loss account ( 3,152 )
Total shareholder's deficit ( 3,142)

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of CRFT Properties Limited (registered number: 15177853) were approved and authorised for issue by the Board of Directors on 13 March 2025. They were signed on its behalf by:

C Croft
Director
CRFT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 30 September 2023 to 31 March 2024
CRFT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 30 September 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

CRFT Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 34 Parkstone Heights, Poole, BH14 0QF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

Accounts are being prepared from the incorporation date of 29 September 2023 to 31 March 2024.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
30.09.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Investment property

Investment property
£
Valuation
As at 30 September 2023 0
Additions 210,593
As at 31 March 2024 210,593

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

31.03.2024
£
Historic cost 210,593

4. Debtors

31.03.2024
£
Other debtors 10

5. Creditors: amounts falling due within one year

31.03.2024
£
Amounts owed to Group undertakings 7,025
Other creditors 720
7,745

6. Creditors: amounts falling due after more than one year

31.03.2024
£
Amounts owed to Group undertakings 206,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

31.03.2024
£
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10