Registered number
10925134
CROFTS PROPERTY HOLDINGS LIMITED
Filleted Accounts
31 March 2024
CROFTS PROPERTY HOLDINGS LIMITED
Registered number: 10925134
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 403,887 403,887
Current assets
Debtors 4 - 520
Cash at bank and in hand 12 3
12 523
Creditors: amounts falling due within one year 5 (193,636) (156,988)
Net current liabilities (193,624) (156,465)
Total assets less current liabilities 210,263 247,422
Creditors: amounts falling due after more than one year 6 (190,106) (277,153)
Net assets/(liabilities) 20,157 (29,731)
Capital and reserves
Called up share capital 300 300
Profit and loss account 19,857 (30,031)
Shareholders' funds 20,157 (29,731)
The director is 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 director acknowledges his 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.
J. Crofts
Director
Approved by the board on 29 November 2024
CROFTS PROPERTY HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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 is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rental of property and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 403,887
At 31 March 2024 403,887
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 403,887
At 31 March 2023 403,887
4 Debtors 2024 2023
£ £
Trade debtors - 520
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,270 6,270
Intercompany account 2,555 3,905
Directors loan account 65,653 64,513
Taxation and social security costs - -
Other creditors 114,500 82,300
193,636 156,988
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 112,106 118,653
Other creditors 78,000 158,500
190,106 277,153
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 105,042 106,315
Bank loans are secured with fixed and floating charges on the company's property
8 Other information
CROFTS PROPERTY HOLDINGS LIMITED is a private company limited by shares and incorporated in England.
10 Church View
Blackwell
Alfreton
DE55 5LD
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