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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CRYSTAL HOMES LIMITED

CRYSTAL HOMES LIMITED (REGISTERED NUMBER: 03240631)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

CRYSTAL HOMES LIMITED

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: J W Burke
I T McEvaddy





REGISTERED OFFICE: 70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BM





BUSINESS ADDRESS: Suite 4
Claydon House
Fenny Stratford
Milton Keynes
Buckinghamshire
MK2 2DD





REGISTERED NUMBER: 03240631 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

CRYSTAL HOMES LIMITED (REGISTERED NUMBER: 03240631)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 17,325 21,657
Investment property 5 2,130,780 2,130,780
2,148,105 2,152,437

CURRENT ASSETS
Debtors 6 227,082 162,838
Cash at bank 120,397 121,962
347,479 284,800
CREDITORS
Amounts falling due within one year 7 293,177 214,475
NET CURRENT ASSETS 54,302 70,325
TOTAL ASSETS LESS CURRENT LIABILITIES 2,202,407 2,222,762

CREDITORS
Amounts falling due after more than one year 8 (943,818 ) (935,333 )

PROVISIONS FOR LIABILITIES (147,988 ) -
NET ASSETS 1,110,601 1,287,429

CAPITAL AND RESERVES
Called up share capital 6 4
Fair value reserve 9 559,206 702,863
Retained earnings 551,389 584,562
1,110,601 1,287,429

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

CRYSTAL HOMES LIMITED (REGISTERED NUMBER: 03240631)

BALANCE SHEET - continued
31 August 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





I T McEvaddy - Director


CRYSTAL HOMES LIMITED (REGISTERED NUMBER: 03240631)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Crystal Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and Straight line over 3 years

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CRYSTAL HOMES LIMITED (REGISTERED NUMBER: 03240631)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 70,994
DEPRECIATION
At 1 September 2023 49,337
Charge for year 4,332
At 31 August 2024 53,669
NET BOOK VALUE
At 31 August 2024 17,325
At 31 August 2023 21,657

Cost or valuation at 31 August 2024 is represented by:

Plant and
machinery
etc
£   
Cost 70,994

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 2,130,780
NET BOOK VALUE
At 31 August 2024 2,130,780
At 31 August 2023 2,130,780

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2023 702,863
Cost 1,427,917
2,130,780

CRYSTAL HOMES LIMITED (REGISTERED NUMBER: 03240631)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

6. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors 96,192 12,024
Other debtors 3,788 22,216
99,980 34,240

Amounts falling due after more than one year:
Other debtors 127,102 128,598

Aggregate amounts 227,082 162,838

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 20,292 2,671
Taxation and social security 5,335 7,865
Other creditors 262,550 198,939
293,177 214,475

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 943,818 935,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 923,818 915,333

9. RESERVES
Fair
value
reserve
£   
At 1 September 2023 702,863
Deferred tax (143,657 )

At 31 August 2024 559,206

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CRYSTAL HOMES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crystal Homes Limited for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Crystal Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crystal Homes Limited and state those matters that we have agreed to state to the Board of Directors of Crystal Homes Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Crystal Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crystal Homes Limited. You consider that Crystal Homes Limited 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 financial statements of Crystal Homes Limited. 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 financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


28 May 2025