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COMPANY REGISTRATION NUMBER: 12440212
Croftwood Management Limited
Filleted Unaudited Financial Statements
For the period ended
30 September 2024
Croftwood Management Limited
Financial Statements
Year ended 30 September 2024
Contents
Pages
Officers and professional advisers
1
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4 to 5
Croftwood Management Limited
Officers and Professional Advisers
Director
Ms C Leak
Registered office
Prince of Wales House
3 Bluecoats Avenue
Hertford
England
SG14 1PB
Accountant
Mackenzie Field
Chartered Accountants
Hyde House
The Hyde
Edgware Road
London
NW9 6LA
Croftwood Management Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Croftwood Management Limited
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Croftwood Management Limited for the year ended 30 September 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given me. As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Croftwood Management Limited. My work has been undertaken solely to prepare for your approval the financial statements of Croftwood Management Limited and state those matters that I have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Croftwood Management Limited and its director for my work or for this report.
It is your duty to ensure that Croftwood Management 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 loss of Croftwood Management Limited. You consider that Croftwood Management Limited is exempt from the statutory audit requirement for the year. I have not been instructed to carry out an audit or a review of the financial statements of Croftwood Management Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Mackenzie Field Chartered Accountants
Hyde House The Hyde Edgware Road London NW9 6LA
19 June 2025
Croftwood Management Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
25,000
Current assets
Debtors
5
15,479
Cash at bank and in hand
56
203
----
--------
56
15,682
Creditors: amounts falling due within one year
6
51
----
--------
Net current assets
5
15,682
----
--------
Total assets less current liabilities
5
40,682
----
--------
Capital and reserves
Called up share capital
5
5
Profit and loss account
40,677
----
--------
Shareholder funds
5
40,682
----
--------
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 30 September 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 June 2025 , and are signed on behalf of the board by:
Ms C Leak
Director
Company registration number: 12440212
Croftwood Management Limited
Notes to the Financial Statements
Year ended 30 September 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 Prince of Wales House, 3 Bluecoats Avenue, Hertford, SG14 1PB, England.
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.
Income tax
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.
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.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Long leasehold property
£
Cost
At 1 October 2023
25,000
Disposals
( 25,000)
--------
At 30 September 2024
--------
Depreciation
At 1 October 2023 and 30 September 2024
--------
Carrying amount
At 30 September 2024
--------
At 30 September 2023
25,000
--------
5. Debtors
2024
2023
£
£
Other debtors
15,479
----
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
51
----
----