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REGISTERED NUMBER: 00551388 (England and Wales)











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: Mrs G M Lane
Mrs L F H Lane
Miss C E I Lane
Mrs F R L Roberts





REGISTERED OFFICE: Leigh Place
Leigh Place Road
Leigh
Reigate
Surrey
RH2 8RF





REGISTERED NUMBER: 00551388 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Horsham) Limited
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 4 900,450 785,000
900,450 785,000

CURRENT ASSETS
Debtors 5 25,721 13,797
Cash at bank 87,798 3,410
113,519 17,207
CREDITORS
Amounts falling due within one year 6 215,884 212,930
NET CURRENT LIABILITIES (102,365 ) (195,723 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

798,085

589,277

PROVISIONS FOR LIABILITIES 93,449 36,809
NET ASSETS 704,636 552,468

CAPITAL AND RESERVES
Called up share capital 7 105 105
Revaluation reserve 8 563,939 473,550
Retained earnings 140,592 78,813
704,636 552,468

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 14 April 2025 and were signed on its behalf by:




Mrs G M Lane - Director


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
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 represents rental income. Rental Income is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 1,368
DEPRECIATION
At 1 August 2023
and 31 July 2024 1,368
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 785,000
Disposals (71,550 )
Revaluations 187,000
At 31 July 2024 900,450
NET BOOK VALUE
At 31 July 2024 900,450
At 31 July 2023 785,000

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 10,896 4,755
Rent Account 9,072 4,489
Rosterney Property Limited 5,753 4,553
25,721 13,797

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Tax 9,788 (649 )
Other creditors 9,125 9,125
Gleanbeam properties ltd 191,930 191,930
Accrued expenses 5,041 12,524
215,884 212,930

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 473,550
Current year movement 90,389

At 31 July 2024 563,939

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.