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COMPANY REGISTRATION NUMBER: 10637192
CROFTBELL INVESTMENTS LTD
Filleted Unaudited Financial Statements
29 February 2024
CROFTBELL INVESTMENTS LTD
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
1,808,736
1,808,736
Current assets
Debtors
6
5,912
18,123
Cash at bank and in hand
2,119
-------
--------
8,031
18,123
Creditors: amounts falling due within one year
7
1,010,453
1,016,745
------------
------------
Net current liabilities
1,002,422
998,622
------------
------------
Total assets less current liabilities
806,314
810,114
Creditors: amounts falling due after more than one year
8
821,069
820,885
---------
---------
Net liabilities
( 14,755)
( 10,771)
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 14,756)
( 10,772)
--------
--------
Shareholder deficit
( 14,755)
( 10,771)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CROFTBELL INVESTMENTS LTD
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 16 May 2025 , and are signed on behalf of the board by:
S Feldman
Director
Company registration number: 10637192
CROFTBELL INVESTMENTS LTD
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Hallswelle House, Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 3 ).
5. Tangible assets
Freehold property
Long leasehold property
Total
£
£
£
Cost
At 1 March 2023 and 29 February 2024
340,852
1,467,884
1,808,736
---------
------------
------------
Depreciation
At 1 March 2023 and 29 February 2024
---------
------------
------------
Carrying amount
At 29 February 2024
340,852
1,467,884
1,808,736
---------
------------
------------
At 28 February 2023
340,852
1,467,884
1,808,736
---------
------------
------------
6. Debtors
2024
2023
£
£
Trade debtors
3,667
4,217
Other debtors
2,245
13,906
-------
--------
5,912
18,123
-------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
989,749
989,405
Accruals and deferred income
7,802
10,680
Corporation tax
5,302
7,078
Social security and other taxes
66
Director loan accounts
100
Other creditors
7,500
9,516
------------
------------
1,010,453
1,016,745
------------
------------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
821,069
820,885
---------
---------
9. Controlling party
The company is controlled by Croftbell Properties Ltd, which is a UK registered company.