IRIS Accounts Production v24.3.2.46 04459919 director 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044599192023-06-30044599192024-06-30044599192023-07-012024-06-30044599192022-06-30044599192022-07-012023-06-30044599192023-06-3004459919ns15:EnglandWales2023-07-012024-06-3004459919ns14:PoundSterling2023-07-012024-06-3004459919ns10:Director12023-07-012024-06-3004459919ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004459919ns10:SmallEntities2023-07-012024-06-3004459919ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004459919ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004459919ns10:FullAccounts2023-07-012024-06-3004459919ns10:OrdinaryShareClass12023-07-012024-06-3004459919ns10:CompanySecretary12023-07-012024-06-3004459919ns10:RegisteredOffice2023-07-012024-06-3004459919ns5:CurrentFinancialInstruments2024-06-3004459919ns5:CurrentFinancialInstruments2023-06-3004459919ns5:Non-currentFinancialInstruments2024-06-3004459919ns5:Non-currentFinancialInstruments2023-06-3004459919ns5:ShareCapital2024-06-3004459919ns5:ShareCapital2023-06-3004459919ns5:FurtherSpecificReserve3ComponentTotalEquity2024-06-3004459919ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3004459919ns5:RetainedEarningsAccumulatedLosses2024-06-3004459919ns5:RetainedEarningsAccumulatedLosses2023-06-3004459919ns5:FurnitureFittings2023-07-012024-06-3004459919ns5:FurnitureFittings2023-06-3004459919ns5:FurnitureFittings2024-06-3004459919ns5:FurnitureFittings2023-06-3004459919ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3004459919ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3004459919ns5:Secured2024-06-3004459919ns5:Secured2023-06-3004459919ns10:OrdinaryShareClass12024-06-3004459919ns5:RetainedEarningsAccumulatedLosses2023-06-3004459919ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3004459919ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 04459919 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CRESTFORD ESTATES LTD

CRESTFORD ESTATES LTD (REGISTERED NUMBER: 04459919)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CRESTFORD ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: S A Stern





SECRETARY: Mrs H R Stern





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 04459919 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

CRESTFORD ESTATES LTD (REGISTERED NUMBER: 04459919)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 3,588 4,220
Investment property 6 1,279,334 1,278,420
1,282,922 1,282,640

CURRENT ASSETS
Debtors 7 66,275 92,069
Cash at bank 4,966 29,883
71,241 121,952
CREDITORS
Amounts falling due within one year 8 (22,037 ) (58,213 )
NET CURRENT ASSETS 49,204 63,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,332,126

1,346,379

CREDITORS
Amounts falling due after more than one
year

9

(563,605

)

(563,605

)

PROVISIONS FOR LIABILITIES (39,291 ) (39,291 )
NET ASSETS 729,230 743,483

CAPITAL AND RESERVES
Called up share capital 12 2 2
Fair value reserve 13 533,720 533,720
Retained earnings 13 195,508 209,761
SHAREHOLDERS' FUNDS 729,230 743,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CRESTFORD ESTATES LTD (REGISTERED NUMBER: 04459919)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 24 March 2025 and were signed by:





S A Stern - Director


CRESTFORD ESTATES LTD (REGISTERED NUMBER: 04459919)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Crestford Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

CRESTFORD ESTATES LTD (REGISTERED NUMBER: 04459919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 20,215
DEPRECIATION
At 1 July 2023 15,995
Charge for year 632
At 30 June 2024 16,627
NET BOOK VALUE
At 30 June 2024 3,588
At 30 June 2023 4,220

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,278,420
Additions 914
At 30 June 2024 1,279,334
NET BOOK VALUE
At 30 June 2024 1,279,334
At 30 June 2023 1,278,420

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2016 573,011
Cost 706,323
1,279,334

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,206 -
Other debtors 55,069 92,069
66,275 92,069

CRESTFORD ESTATES LTD (REGISTERED NUMBER: 04459919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors - 3,003
Taxation and social security 10,086 10,172
Other creditors 11,951 45,038
22,037 58,213

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 10) 563,605 563,605

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 563,605 563,605

10. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans 563,605 563,605

11. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 563,605 563,605

The bank loans are secured by a first charge over the company's investment properties and bear interest at variable rates.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2

CRESTFORD ESTATES LTD (REGISTERED NUMBER: 04459919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 209,761 533,720 743,481
Deficit for the year (12,253 ) (12,253 )
Dividends (2,000 ) (2,000 )
At 30 June 2024 195,508 533,720 729,228

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 were paid to the director .

15. ULTIMATE CONTROLLING PARTY

The controlling party is S A Stern.