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Registration number: 09679171

Crosstown Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Crosstown Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Crosstown Holdings Limited

Company Information

Director

Ms J M Cross

Registered office

24 Dunkeld Road
Bournemouth
Dorset
BH3 7EN

Accountants

Wilkinsons Accountants Limited
Chartered Certified Accountants
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

 

Crosstown Holdings Limited

(Registration number: 09679171)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

200

200

Current assets

 

Cash at bank and in hand

 

105

105

Creditors: Amounts falling due within one year

5

(2,254)

(1,183)

Net current liabilities

 

(2,149)

(1,078)

Net liabilities

 

(1,949)

(878)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(2,049)

(978)

Shareholders' deficit

 

(1,949)

(878)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 March 2025
 

.........................................
Ms J M Cross
Director

 

Crosstown Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
24 Dunkeld Road
Bournemouth
Dorset
BH3 7EN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The company had a net balance sheet deficit of £1,949 (2023 - £878) at the balance sheet date and is dependent on the continued support of its director.

The director has given her assurance that she will provide sufficient further finance as may prove necessary to meet the company's working capital requirements for the foreseeable future.

Revenue recognition

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Crosstown Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Investments

2024
£

2023
£

Investments in subsidiaries

200

200

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Amounts owed to related undertakings

37

37

Accruals and deferred income

480

600

Other creditors

1,737

546

2,254

1,183

 

Crosstown Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Related party transactions

Transactions with the director

2023

At 1 July 2022
£

Repayments by director
£

At 30 June 2023
£

Ms J M Cross

Loan - interest free, unsecured and repayable on demand

447

(447)

-