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REGISTERED NUMBER: 02862884 (England and Wales)















Financial Statements

for the Year Ended 30 September 2023

for

Crowdhill Limited

Crowdhill Limited (Registered number: 02862884)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Crowdhill Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: L M Froggatt
A Froggatt
D L Froggatt





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 02862884 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Crowdhill Limited (Registered number: 02862884)

Statement of Financial Position
30 September 2023

30/9/23 30/9/22
Notes £    £   
FIXED ASSETS
Investment property 5 6,170,000 6,170,000

CURRENT ASSETS
Debtors 6 2,959,367 2,888,141
Cash at bank 85,855 8,429
3,045,222 2,896,570
CREDITORS
Amounts falling due within one year 7 (3,384,158 ) (3,239,253 )
NET CURRENT LIABILITIES (338,936 ) (342,683 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,831,064

5,827,317

CREDITORS
Amounts falling due after more than one
year

8

(1,365,000

)

(1,365,000

)

PROVISIONS FOR LIABILITIES (964,795 ) (964,795 )
NET ASSETS 3,501,269 3,497,522

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 3,501,169 3,497,422
3,501,269 3,497,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

Crowdhill Limited (Registered number: 02862884)

Statement of Financial Position - continued
30 September 2023


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 30 January 2025 and were signed on its behalf by:





L M Froggatt - Director


Crowdhill Limited (Registered number: 02862884)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Crowdhill 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. 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.

The company is in a net current liabilities position at 30 September 2023. The accounts have been prepared under the going concern basis as the company is reliant on the continued support of its bankers and related companies. The directors believe that this support will continue for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 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 NIL (2022 - NIL).

Crowdhill Limited (Registered number: 02862884)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 October 2022
and 30 September 2023 6,170,000
Net book value
At 30 September 2023 6,170,000
At 30 September 2022 6,170,000

Investment property was added at cost of £2,310,822. There has since been revaluations of £3,859,178, of which £nil is in 2023. The property is therefore held at £6,170,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade debtors 22,141 12,643
Amounts owed by group undertakings 1,929,956 2,013,042
Amounts owed by associates 978,632 835,926
Other debtors 28,638 26,530
2,959,367 2,888,141

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade creditors 142,182 94,601
Amounts owed to group undertakings 2,954,339 2,984,450
Taxation and social security 72,381 20,106
Other creditors 215,256 140,096
3,384,158 3,239,253

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/23 30/9/22
£    £   
Bank loans 1,365,000 1,365,000

9. SECURED DEBTS

The following secured debts are included within creditors:

30/9/23 30/9/22
£    £   
Bank loans 1,365,000 1,365,000

Included in the balance sheet are financial commitments of £1,365,000 (2022: £1,365,000). This is secured on assets held by the company and is part of a loan shared between Areawise Limited, Froggatt Investments Limited and Manawey Developments Limited.

Crowdhill Limited (Registered number: 02862884)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

10. RESERVES

Included within the profit and loss reserves is £2,894,383 (2022 - £2,894,383) of non-distributable reserves.

11. RELATED PARTY DISCLOSURES

Included within amounts owed from associates is £978,631 (2022 - £835,926) due from Inducon (Westminster) Limited, a company registered in England and Wales, owned by Mr L Froggatt. No interest has been charged on this balance and it is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

Crowdhilll Limited is a 100% subsidiary of Areawise Limited, a company registered in England and Wales, under control of Mr L Froggatt, company director, who is the ultimate controlling party.