0 2 CR Renovations Limited 13478649 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 13478649 2023-07-01 2024-06-30 13478649 2024-06-30 13478649 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-06-30 13478649 core:CurrentFinancialInstruments 2024-06-30 13478649 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 13478649 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 13478649 bus:SmallEntities 2023-07-01 2024-06-30 13478649 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13478649 bus:FilletedAccounts 2023-07-01 2024-06-30 13478649 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13478649 bus:RegisteredOffice 2023-07-01 2024-06-30 13478649 bus:Director1 2023-07-01 2024-06-30 13478649 bus:Director2 2023-07-01 2024-06-30 13478649 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-07-01 2024-06-30 13478649 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13478649 bus:Agent1 2023-07-01 2024-06-30 13478649 countries:EnglandWales 2023-07-01 2024-06-30 13478649 2023-06-30 13478649 2022-07-01 2023-06-30 13478649 2023-06-30 13478649 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-06-30 13478649 core:CurrentFinancialInstruments 2023-06-30 13478649 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 13478649 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 13478649

CR Renovations Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 June 2024

 

CR Renovations Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

CR Renovations Limited

Company Information

Directors

C J D Bingham

R E Ducharme

Registered office

8 Hedgerow Lane
Kirby Muxloe
Leicestershire
LE9 2BN

Accountants

Cheryl Major Ltd
Chartered Accountant16 Elliot Close
Whetstone
Leicester
Leicestershire
LE8 6QX

 

CR Renovations Limited

(Registration number: 13478649)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

102,962

100,940

Current assets

 

Debtors

5

65

-

Cash at bank and in hand

 

26,951

10,539

 

27,016

10,539

Creditors: Amounts falling due within one year

-

(426)

Net current assets

 

27,016

10,113

Total assets less current liabilities

 

129,978

111,053

Creditors: Amounts falling due after more than one year

(128,000)

(108,000)

Accruals and deferred income

 

(1,135)

(1,135)

Net assets

 

843

1,918

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

743

1,818

Shareholders' funds

 

843

1,918

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 March 2025 and signed on its behalf by:
 

.........................................
C J D Bingham
Director

 

CR Renovations Limited

Notes to the Unaudited Abridged 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 and Wales.

The address of its registered office is:
8 Hedgerow Lane
Kirby Muxloe
Leicestershire
LE9 2BN
England

These financial statements were authorised for issue by the Board on 24 March 2025.

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 abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

CR Renovations Limited

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

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 2).

 

CR Renovations Limited

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

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 30 June 2024

Investment properties

2024
£

At 1 July

100,940

Additions

2,022

At 30 June

102,962

The carrying value does not materially differ from the fair value.

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100