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Company Registration No. 06034316 (England and Wales)
CRESTPOINT INVESTMENTS LTD Unaudited accounts for the year ended 31 December 2024
CRESTPOINT INVESTMENTS LTD Unaudited accounts Contents
Page
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CRESTPOINT INVESTMENTS LTD Company Information for the year ended 31 December 2024
Director
Olusegun Adewusi
Secretary
Olusegun Asewusi
Company Number
06034316 (England and Wales)
Registered Office
2 Overcliff Road Grays Essex RM17 6AJ
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
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CRESTPOINT INVESTMENTS LTD Accountants' report
Accountants' report to the director of CRESTPOINT INVESTMENTS LTD on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CRESTPOINT INVESTMENTS LTD for the year ended 31 December 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CRESTPOINT INVESTMENTS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CRESTPOINT INVESTMENTS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CRESTPOINT INVESTMENTS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CRESTPOINT INVESTMENTS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CRESTPOINT INVESTMENTS LTD. You consider that CRESTPOINT INVESTMENTS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CRESTPOINT INVESTMENTS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 22 May 2025
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CRESTPOINT INVESTMENTS LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,714 
5,562 
Current assets
Debtors
56,420 
51,251 
Cash at bank and in hand
1,812 
649 
58,232 
51,900 
Creditors: amounts falling due within one year
(11,182)
(12,797)
Net current assets
47,050 
39,103 
Net assets
51,764 
44,665 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
51,664 
44,565 
Shareholders' funds
51,764 
44,665 
For the year ending 31 December 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.
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 22 May 2025 and were signed on its behalf by
Olusegun Adewusi Director Company Registration No. 06034316
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CRESTPOINT INVESTMENTS LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
CRESTPOINT INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 06034316. The registered office is 2 Overcliff Road, Grays, Essex, RM17 6AJ.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25
Fixtures & fittings
20
Computer equipment
25
Other tangible fixed assets
10
Going concern
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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CRESTPOINT INVESTMENTS LTD Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
8,700 
190 
7,940 
16,830 
At 31 December 2024
8,700 
190 
7,940 
16,830 
Depreciation
At 1 January 2024
6,793 
173 
4,302 
11,268 
Charge for the year
477 
3 
368 
848 
At 31 December 2024
7,270 
176 
4,670 
12,116 
Net book value
At 31 December 2024
1,430 
14 
3,270 
4,714 
At 31 December 2023
1,907 
17 
3,638 
5,562 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
56,420 
51,251 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,500 
7,500 
Amounts owed to group undertakings and other participating interests
2,262 
2,017 
Taxes and social security
2,147 
2,914 
Other creditors
- 
1 
Accruals
273 
365 
11,182 
12,797 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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