REGISTERED NUMBER: 01080606 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

CROWN PARK ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D L Titmuss

REGISTERED OFFICE:

9a Rushden Road

Wymington

Bedfordshire

NN10 9LN

REGISTERED NUMBER:

01080606 (England and Wales)

ACCOUNTANTS:

Cox & Co. (Accountancy) Limited

Chartered Accountants

The Granary

High Street

Turvey

Bedford

Bedfordshire

MK43 8DB

SOLICITORS:

Howes Percival

No 1 Bede Island Road

Bede Island Business Park

Leicester

Leicestershire

LE2 7EA

FIXED ASSETS

Tangible assets

4

9,777,736

8,728,597

CURRENT ASSETS

Debtors

5

58,204

47,744

Cash at bank

2,105,569

3,099,126

2,163,773

3,146,870

CREDITORS

Amounts falling due within one year

6

3,130,787

3,065,513

NET CURRENT (LIABILITIES)/ASSETS

(967,014

)

81,357

TOTAL ASSETS LESS CURRENT LIABILITIES

8,810,722

8,809,954

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Share premium

1,680

1,680

Revaluation reserve

8

7,955,223

7,955,223

Retained earnings

843,819

843,051

SHAREHOLDERS' FUNDS

8,810,722

8,809,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 March 2025 and were signed by:

D L Titmuss - Director

1.	STATUTORY INFORMATION

Crown Park Estates 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.

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.

Turnover

Turnover is measured at the fair value of consideration received from the rental of industrial properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 25% on cost

Going concern

At the balance sheet date, the company is dependant upon the continued support of the director who is financing the company.The director has considered a period of at least 12 months and considers the company will continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 October 2023

12,745,270

59,252

12,804,522

Additions

1,295,669

13,000

1,308,669

At 30 September 2024

14,040,939

72,252

14,113,191

DEPRECIATION

At 1 October 2023

4,016,682

59,243

4,075,925

Charge for year

256,280

3,250

259,530

At 30 September 2024

4,272,962

62,493

4,335,455

NET BOOK VALUE

At 30 September 2024

9,767,977

9,759

9,777,736

At 30 September 2023

8,728,588

9

8,728,597

Included in cost or valuation of land and buildings is freehold land of £ 1,226,952 (2023 - £ 1,226,952 ) which is not depreciated.

Cost or valuation at 30 September 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2008

7,037,736

-

7,037,736

Valuation in 2010

1,227,003

-

1,227,003

Cost

5,776,200

72,252

5,848,452

14,040,939

72,252

14,113,191

If Freehold Land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

5,776,201

4,480,531

Aggregate depreciation

1,897,611

1,641,331

Value of land in freehold land and buildings

3,878,590

2,839,200

Some of the land and buildings include valuation by Underwood FRICS in 2008 and the directors consider the property values have not fallen since that date. Other properties have been valued by Harwoods FRICS in August 2010.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

17,600

17,400

Other debtors

40,604

30,344

58,204

47,744

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

147,553

23,478

Taxation and social security

982

136,382

Other creditors

2,982,252

2,905,653

3,130,787

3,065,513

7.	SECURED DEBTS

Security is in the form of a fixed charge and negative pledge over freehold property, being:

3 Bury Close, Higham Ferrers, Northants;

Site E, Crown Way, Crown Park, Rushden, Northants;

Units 23 & 24 Francis Court, Wellingborough Road, Rushden, Northants;

Land at Henson Way, Kettering, Northants;

Units 25-29 Francis Court, Wellingborough Road, Rushden, Northants;

Site B1, Crown Business Park, Northampton Road, Rushden, Northants;

2 Crown Court, Crown Park, Rushden, Northants;

Units 2-22 Francis Court, Wellingborough Road, Rushden, Northants;

Unit 6 Norris Way, Rushden, Northants;

Land at Norris Way, Rushden, Northants;

Land at Paddocks Road, Rushden, Northants;

Land at Northampton Road, Rushden, Northants;

Land at Wellington Road, Rushden, Northants;

Site B, Crown Park, Rushden, Northants.

Also a fixed and floating charge over the undertaking and all property and assets.

8.

RESERVES

Revaluation

reserve

£

At 1 October 2023

and 30 September 2024

7,955,223

9.	RELATED PARTY DISCLOSURES

There is also a balance owing from the Company to the director, Mr D L Titmuss in the sum of £2,761,801 (2021: £2,761,801) at the balance sheet date.

10.	ULTIMATE CONTROLLING PARTY

The company is 100% subsidiary company of Crown Park Holdings (Rushden) Ltd, previously known as Deejak Holdings Ltd. The company has taken advantage in not producing consolidated accounts on the basis that the group is a small group.

Mr D L Titmuss is the majority shareholder of Crown Park Holdings (Rushden) Ltd and is therefore the ultimate controlling party.