REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
CRESSWELL GARDENS PROPERTY CO. LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
CRESSWELL GARDENS PROPERTY CO. LIMITED |
CRESSWELL GARDENS PROPERTY CO. LIMITED (REGISTERED NUMBER: 00551388) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CRESSWELL GARDENS PROPERTY CO. LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Ridgeland House |
15 Carfax |
Horsham |
West Sussex |
RH12 1DY |
CRESSWELL GARDENS PROPERTY CO. LIMITED (REGISTERED NUMBER: 00551388) |
BALANCE SHEET |
31 JULY 2024 |
2024 | 2023 |
as restated |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Revaluation reserve | 8 |
Retained earnings |
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 were approved by the Board of Directors and authorised for issue on |
CRESSWELL GARDENS PROPERTY CO. LIMITED (REGISTERED NUMBER: 00551388) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rental income. Rental Income is recognised on an accruals basis. |
Tangible fixed assets |
Computer equipment | - |
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. |
2. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
3. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 August 2023 |
and 31 July 2024 |
DEPRECIATION |
At 1 August 2023 |
and 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 August 2023 |
Disposals | ( |
) |
Revaluations | 187,000 |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
CRESSWELL GARDENS PROPERTY CO. LIMITED (REGISTERED NUMBER: 00551388) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
4. | INVESTMENT PROPERTY - continued |
Fair value at 31 July 2024 is represented by: |
£ |
Valuation in 1994 | 186,512 |
Valuation in 2013 | 208,847 |
Valuation in 2015 | 115,000 |
Valuation in 2024 | 147,029 |
Cost | 243,062 |
900,450 |
The investment properties were valued on an open market basis on 31 July 2024, based on valuations by an independent valuer. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Other debtors |
Rent Account | 9,072 | 4,489 |
Rosterney Property Limited | 5,753 | 4,553 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Tax | ( |
) |
Other creditors |
Gleanbeam properties ltd | 191,930 | 191,930 |
Accrued expenses |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number | Class | Nominal Value | 2024 | 2023 |
£ | £ |
140 | Ordinary A | £0.25 | 35 | 35 |
68 | Ordinary C | £0.25 | 17 | 17 |
16 | Ordinary E | £0.25 | 4 | 4 |
19 | Ordinary F | £0.25 | 5 | 5 |
19 | Ordinary G | £0.25 | 5 | 5 |
19 | Ordinary H | £0.25 | 5 | 5 |
16 | Ordinary I | £0.25 | 4 | 4 |
16 | Ordinary J | £0.25 | 4 | 4 |
16 | Ordinary K | £0.25 | 4 | 4 |
16 | Ordinary L | £0.25 | 4 | 4 |
72 | Ordinary M | £0.25 | 18 | 18 |
1 | Ordinary N | £0.25 | 0 | 0 |
1 | Ordinary O | £0.25 | 0 | 0 |
1 | Ordinary P | £0.25 | 0 | 0 |
105 | 105 |
CRESSWELL GARDENS PROPERTY CO. LIMITED (REGISTERED NUMBER: 00551388) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 August 2023 |
Current year movement | 90,389 |
At 31 July 2024 |
9. | RELATED PARTY DISCLOSURES |
At the balance sheet date, included within creditors, there is an amount owed to companies under common control of £191,930 (2023: £191,930). These amounts are interest free and repayable upon demand. |
At the balance sheet date, included within other debtors, there is an amount due from companies under common control of £10,896 (2023: £4,755). These amounts are interest free and repayable upon demand. |
At the balance sheet date, included within other debtors, there is an amount due from companies under common control of £5,753 (2023: £4,553). These amounts are interest free and repayable upon demand. |