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REGISTERED NUMBER: 05488648 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CRINDAU GATEWAY LIMITED

CRINDAU GATEWAY LIMITED (REGISTERED NUMBER: 05488648)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRINDAU GATEWAY LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mr C J Taylor
Mr M J Taylor





REGISTERED OFFICE: Leafield Estate
Stratford Road
Warwick
Warwickshire
CV34 6RA





REGISTERED NUMBER: 05488648 (England and Wales)





ACCOUNTANTS: LDP Luckmans
Chartered Accountants
1110 Elliott Court
Herald Avenue
Coventry Business Park
Coventry
West Midlands
CV5 6UB

CRINDAU GATEWAY LIMITED (REGISTERED NUMBER: 05488648)

BALANCE SHEET
31 March 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 443,400 378,234
443,401 378,235

CURRENT ASSETS
Debtors 6 9,147,998 9,733,845
Investments 7 23,272 -
Cash at bank 41,524 46,257
9,212,794 9,780,102
CREDITORS
Amounts falling due within one year 8 2,539,718 64,490
NET CURRENT ASSETS 6,673,076 9,715,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,116,477

10,093,847

CREDITORS
Amounts falling due after more than one
year

9

8,728,298

11,978,298
NET LIABILITIES (1,611,821 ) (1,884,451 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (1,611,822 ) (1,884,452 )
SHAREHOLDERS' FUNDS (1,611,821 ) (1,884,451 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CRINDAU GATEWAY LIMITED (REGISTERED NUMBER: 05488648)

BALANCE SHEET - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mr M J Taylor - Director


CRINDAU GATEWAY LIMITED (REGISTERED NUMBER: 05488648)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Crindau Gateway Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis. The Company's ability to continue trading is dependent upon the continued support of fellow group companies. The directors are of the opinion that group support will be ongoing and therefore consider it appropriate to prepare the financial statements on the going concern basis.

These financial statements do not reflect any adjustments that may be necessary should the support of the Company's fellow group Companies be withdrawn.

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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Investments in joint ventures and associates are measured at cost less impairment.

CRINDAU GATEWAY LIMITED (REGISTERED NUMBER: 05488648)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of land and buildings is recognised when significant risks and rewards of ownership of the land and buildings have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on legal completion.

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 378,234
Additions 65,166
At 31 March 2024 443,400
NET BOOK VALUE
At 31 March 2024 443,400
At 31 March 2023 378,234

CRINDAU GATEWAY LIMITED (REGISTERED NUMBER: 05488648)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. DEBTORS
2024 2023
as restated
£    £   
Amounts falling due within one year:
Tax 32,455 32,455
VAT 3,934 764
Prepayments and accrued income 469,389 164,626
505,778 197,845

Amounts falling due after more than one year:
Amounts owed by joint ventures 8,642,220 9,536,000

Aggregate amounts 9,147,998 9,733,845

7. CURRENT ASSET INVESTMENTS
2024 2023
as restated
£    £   
Other 23,272 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Amounts owed to group undertakings 2,511,875 11,000
Amounts owed to joint ventures 1 25,599
Tax 23,948 25,290
Accrued expenses 3,894 2,601
2,539,718 64,490

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Amounts owed to group undertakings 8,728,298 11,978,298

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as
restated
£    £   
1 Ordinary £1 1 1