Registered number
11732861
CROWNLAND PROPERTIES HOLDINGS LTD
Filleted Accounts
31 December 2023
CROWNLAND PROPERTIES HOLDINGS LTD
Registered number: 11732861
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,492,673 9,492,673
Current assets
Debtors 4 5,094,857 2,937,215
Cash at bank and in hand 942 580
5,095,799 2,937,795
Creditors: amounts falling due within one year 5 (185,738) (361,107)
Net current assets 4,910,061 2,576,688
Total assets less current liabilities 14,402,734 12,069,361
Creditors: amounts falling due after more than one year 6 (4,703,986) (2,408,660)
Net assets 9,698,748 9,660,701
Capital and reserves
Called up share capital 580 580
Share premium 8,839,560 8,839,560
Profit and loss account 858,608 820,561
Shareholder's funds 9,698,748 9,660,701
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 member has 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.
Prabhjot Singh Sagoo
Director
Approved by the board on 4 March 2025
CROWNLAND PROPERTIES HOLDINGS LTD
Notes to the Accounts
for the year ended 31 December 2023
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 represents rent receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings NIL
Leasehold land and buildings NIL
Investment properties
Investment properties are revalued annually for the fair value and the surplus or deficit is transferred to profit and loss account. No depreciation is provided in respect of investment properties.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 9,492,673
At 31 December 2023 9,492,673
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 9,492,673
At 31 December 2022 9,492,673
Land and buildings includes certain properties in respect of which the directors have signed
declarations of trust whereby although registered in their name, these are benefically held for the company.

The investment properties were measured for fair value by the directors using the recent market
transaction and in their opinion the fair value of these investment properties are correctly stated at the balance sheet date.
4 Debtors 2023 2022
£ £
Other debtors 4,185,564 2,181,561
Directors loan account. 909,293 755,654
5,094,857 2,937,215
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 182,203
Taxation and social security costs 163,026 143,510
Other creditors 22,712 35,394
185,738 361,107
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 4,703,986 2,408,660
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 4,703,986 2,590,863
Bank loans are secured by way of fixed charge against the freehold and leasehold properties owned by the company.
8 Related party transactions 2023 2022
£ £
Crownland Homes Limited
Common director
Included within other debtor is a on demand loan receivable of: 518,959 795,525
Letts Direct (UK) Ltd
Common director
Included within other debtor is a on demand loan receivable of: 29,500 9,000
Ruislip Real Estate Ltd
Common director
Included within other debtor is a on demand loan receivable of: 78,657 83,076
Prabhjot Singh Sagoo
Director
Included within directors loan account is an amount due to the company by the director of: 909,293 755,654
Psquared2 Ltd
Common director
During the period Psquared2 Ltd charged management fees of: 10,500 16,500
Included within creditor is a on demand loan payable of: 12,000
9 Controlling party
The company is under the control of Crownland Properties Limited, a company incorporated in England and Wales. The group being small has taken exemption from preparing the consolidated accounts.
10 Other information
CROWNLAND PROPERTIES HOLDINGS LTD is a private company limited by shares and incorporated in England. Its registered office is:
65 Delamere Road
Hayes
Middlesex
UB4 0NN
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