Registered number
11490051
CROWNLAND PROPERTIES LIMITED
Filleted Accounts
30 November 2023
CROWNLAND PROPERTIES LIMITED
Registered number: 11490051
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 8,839,560 8,839,560
Current assets
Cash at bank and in hand 580 580
Creditors: amounts falling due within one year 4 (1,614,620) (1,613,780)
Net current liabilities (1,614,040) (1,613,200)
Net assets 7,225,520 7,226,360
Capital and reserves
Called up share capital 580 580
Share premium 7,229,500 7,229,500
Profit and loss account (4,560) (3,720)
Shareholders' funds 7,225,520 7,226,360
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.
Prabhjot Singh Sagoo
Director
Approved by the board on 5 March 2025
CROWNLAND PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 November 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).
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 December 2022 8,839,560
At 30 November 2023 8,839,560
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,660 2,820
Other creditors 1,610,960 1,610,960
1,614,620 1,613,780
5 Related party transactions 2023 2022
£ £
Crownland Homes Limited
Common director
Included within other creditors is an amount receivable of: 1,610,060 1,610,060
6 Controlling party
The company is under the control of its director Mr Satvinder Singh Sagoo, by virtue of his shareholdings in the issued share capital of the company.
7 Other information
CROWNLAND PROPERTIES LIMITED 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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