Crystalight Limited is a private company limited by shares incorporated in England and Wales. The registered office is 251-253 Wells Road, Malvern Wells, Malvern, Worcestershire, WR14 4JF.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The average monthly number of persons (including directors) employed by the company during the year was:
The fair value of the investment properties has been arrived at on the basis of valuations carried out by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
Watin Limited
Subsidiary company
In previous periods, this company collected rents and paid expenses on behalf of the related party and acquired some of the related party's investment income portfolio on an arms length basis. At the year end £5,756,023 (2023: £5,830,440) was owed to the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
Cedarbranch Limited
Subsidiary company
This company has paid costs and expenses on behalf of the related party. At the year end £76,838 (2023: £325,867) was owed by the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
Pittville Properties Limited
Company under common control
This company has advanced money to the related party as working capital. It has also collected rents on behalf of the related party and provided that company with administrative, accounting and management support. At the year end £5,944 (2023: £4,797) was owed by the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
Abbey College in Malvern Limited
Company under common control
The related party has advanced money to this company for working capital. At the year end £1,825,401 (2023: £1,268,578) was due to the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
Shafie Accumulation and Maintenance Trust
Trust in which the sole director is a trustee
The related party has provided working capital funding to this company. At the year end £265,166 (2023: £265,166) was due to the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
A.D.B. (Malvern) Limited
Company under common control
This company has advanced money to the related party for working capital. At the year end £99,959 (2023: £325,867) was owed by the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
H Kaveh Baghbadrani
Sole director
The related party has provided funding to this company for working capital and to enable it to acquire and develop properties. During the year, this company charged management fees to the related party and his wife on an arms length basis totalling £80,433 (£80,000). At the year end £1,623,531 (2023: £1,916,754) was due to the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
My Freeholds Limited
Company under common control
This company acts as agent for the collection of rents on behalf of the related party. This company has received money from the related party for working capital. At the year end £1,027,686 (2023: £1,006,053) was due to the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
Malvern Freeholds Limited
Company under common control
This company has advanced money to the related party as working capital and to finance certain expenses of that company. At the year end £152,446 (2023: £154,983) was due from the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
Ellingham House Flats Limited
Company under common control
This company has advanced money to the related party as working capital and to finance certain expenses of that company. At the year end £165,403 (2023: £171,115) was due from the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
Ellingham House Limited
Company under common control
This company has advanced money to the related party as working capital and to finance certain expenses of that company. At the year end £407,921 (2023: £399,512) was due from the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
Mirkamali Limited
Company under common control
This company has advanced money to the related party as working capital and to finance certain expenses of that company. At the year end £1,482 (2023: £1,094 due to) was due from the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
Rodney Road Limited
Company under common control
This company has advanced money to the related party as working capital and to finance certain expenses of that company. At the year end £16,726 (2023: £8,322) was due from the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
New Baskerville House Ltd
Company under common control
This company has advanced money to the related party as working capital and to finance certain expenses of that company. At the year end £29,892 (2023: £45,318) was due from the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
Linked Endeavours Ltd
Company under common control
This company has advanced money to the related party as working capital and to finance certain expenses of that company. At the year end £nil (2023 £266) was due from the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
Watin UK Ltd
Subsidiary company
The related party has advanced money to this company for working capital. At the year end £499,855 (2023 £375,874) was owed to the related party. This debt is unsecured; no terms of interest or repayment have been agreed.
St Margaret's (Cheltenham) Ltd
Company under common control
This company has received money from the related party for working capital. At the year end £7,837 (2023 £520) was due to the related party. This debt is unsecured; no terms of interest or repayment have been agreed.