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REGISTERED NUMBER: 09071445 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CROYDON HOUSE LTD

CROYDON HOUSE LTD (REGISTERED NUMBER: 09071445)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


CROYDON HOUSE LTD (REGISTERED NUMBER: 09071445)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,242 1,657
Investments 5 2 2
Investment property 6 120,000 120,000
121,244 121,659

CURRENT ASSETS
Debtors 7 924,527 924,477

CREDITORS
Amounts falling due within one year 8 1,645,833 1,643,264
NET CURRENT LIABILITIES (721,306 ) (718,787 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(600,062

)

(597,128

)

PROVISIONS FOR LIABILITIES 9 310 -
NET LIABILITIES (600,372 ) (597,128 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (600,472 ) (597,228 )
(600,372 ) (597,128 )

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 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.

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 by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:




Mr M J Carrozzo - Director


CROYDON HOUSE LTD (REGISTERED NUMBER: 09071445)

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

1. STATUTORY INFORMATION

Croydon House Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09071445

Registered office: Wrencote House
123 High Street
Croydon
CR0 0XJ

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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Preparation of consolidated financial statements
The financial statements contain information about Croydon House Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved during the preparation of the financial statement.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery - 25% on reducing balance.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

CROYDON HOUSE LTD (REGISTERED NUMBER: 09071445)

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

2. ACCOUNTING POLICIES - continued

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

Financial instruments
The company has provided a cross guarantee to a connected company by virtue of a a fixed and floating charge over the assets of the business.

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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

CROYDON HOUSE LTD (REGISTERED NUMBER: 09071445)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 July 2023
and 30 June 2024 16,558
DEPRECIATION
At 1 July 2023 14,901
Charge for year 415
At 30 June 2024 15,316
NET BOOK VALUE
At 30 June 2024 1,242
At 30 June 2023 1,657

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 2
NET BOOK VALUE
At 30 June 2024 2
At 30 June 2023 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 120,000
NET BOOK VALUE
At 30 June 2024 120,000
At 30 June 2023 120,000

Fair value at 30 June 2024 is represented by:
£   
Cost 120,000

If Investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 120,000 120,000

Investment property was valued on an open market basis on 30 June 2024 by the directors .

CROYDON HOUSE LTD (REGISTERED NUMBER: 09071445)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 143,254 143,254
Other debtors 781,273 781,223
924,527 924,477

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,540 7,620
Amounts owed to group undertakings 1,632,524 1,628,260
Taxation and social security - 4,264
Other creditors 3,769 3,120
1,645,833 1,643,264

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 310 -

Deferred
tax
£   
Provided during year 310
Balance at 30 June 2024 310

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in the other debtors due within a year is an amount of £781,273 (2023: £781,223) due from connected companies with common directorship or shareholdings. The loans were interest free and repayable on demand.

Included in the other creditor due within a year is an amount of £1,970 (2023: £1,920) due to the directors of the company. The loan was interest free and repayable on demand.

11. FINANCIAL INSTRUMENTS

The company has provided cross guarantees to connected companies by virtue of fixed and floating charges over the assets of the business.