Company Registration No. 13588440 (England and Wales)
CRESTHAVEN INVESTMENTS LIMITED
Unaudited accounts
for the year ended 31 August 2024
CRESTHAVEN INVESTMENTS LIMITED
Unaudited accounts
Contents
CRESTHAVEN INVESTMENTS LIMITED
Company Information
for the year ended 31 August 2024
Company Number
13588440 (England and Wales)
Registered Office
HIGHBANK
GREENBANK CRESCENT
LONDON
NW4 2LA
ENGLAND
CRESTHAVEN INVESTMENTS LIMITED
Statement of financial position
as at 31 August 2024
Investment property
525,235
524,795
Cash at bank and in hand
6,081
5,998
Creditors: amounts falling due within one year
(456)
(912)
Net current assets/(liabilities)
183,852
(176,687)
Total assets less current liabilities
709,087
348,108
Creditors: amounts falling due after more than one year
(631,500)
(258,125)
Provisions for liabilities
Deferred tax
(23,126)
(23,126)
Called up share capital
1
1
Revaluation reserve
121,715
121,715
Profit and loss account
(67,255)
(54,859)
Shareholders' funds
54,461
66,857
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 May 2025 and were signed on its behalf by
Mr Gary BLOCH
Director
Company Registration No. 13588440
CRESTHAVEN INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
CRESTHAVEN INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13588440. The registered office is HIGHBANK, GREENBANK CRESCENT, LONDON, NW4 2LA, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Compliance with accounting standards
These financial statements have been prepared in compliance with Section lA of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of lreland'.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity
The turnover shown in the Profit and Loss Account represents amounts of rental income and service charges invoiced during the period
The accounts are presented in £ sterling.
Property outgoings are recognised in the Profit and Loss Account in the year in which they are incurred.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference
CRESTHAVEN INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss
No depreciation is provided in respect of investment property applying the fair value model.
Investment property fair value is determined by the director based on his understanding of property market conditions and the specific property
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest
in the assets of the company after deducting all of its liabilities..
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Average number of employees
During the year the average number of employees was 0 (2023: 0).