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REGISTERED NUMBER: 04415570 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Crowswood Limited

Crowswood Limited (Registered number: 04415570)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Crowswood Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr D M Cox
Miss V A Cox





SECRETARY: Miss V A Cox





REGISTERED OFFICE: 19 Queen Elizabeth Street
London
SE1 2LP





REGISTERED NUMBER: 04415570 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

Crowswood Limited (Registered number: 04415570)

Abridged Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £ £
FIXED ASSETS
Investment property 4 9,383,000 9,383,000

CURRENT ASSETS
Debtors 567,936 320,252
Cash at bank and in hand 28,547 184,565
596,483 504,817
CREDITORS
Amounts falling due within one year (3,033,282 ) (2,874,921 )
NET CURRENT LIABILITIES (2,436,799 ) (2,370,104 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,946,201

7,012,896

CREDITORS
Amounts falling due after more than one
year

(7,422,436

)

(7,422,436

)
NET LIABILITIES (476,235 ) (409,540 )

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (476,335 ) (409,640 )
SHAREHOLDERS' FUNDS (476,235 ) (409,540 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Crowswood Limited (Registered number: 04415570)

Abridged Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:





Miss V A Cox - Director


Crowswood Limited (Registered number: 04415570)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Crowswood 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.

At the balance sheet date the company's total liabilities exceeded its total assets by £409,540.. Of the company's total liabilities at the balance sheet date £7,422,436 related to amounts owed to undertakings in the Hollybrook (UK) Ltd group of companies the boards of which have indicated that it is currently intended that the loans should continue to remain available to the company for the foreseeable future.

Given the above, the directors of Crowswood Limited consider that the company has adequate resources to settle its debts as they fall due and therefore continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of these financial statements requires the directors to note judgements and estimates that affect the reported amount of assets and liabilities at the balance sheet date and the reported profits for the financial year.

Accounting standards require the directors to state the carrying amount of land under construction at the lower of cost and net realisable value. Determing the net realisable value involves estimating the eventual sales proceeds and additional costs to complete of sites under development which may differ nfrom the actual sales proceeds received and the actual total additional costs incurred to complete the development.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investment property
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Crowswood Limited (Registered number: 04415570)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other creditors and, loans from banks and other third parties.

Debt instruments which are payable or receivable within one year are measured at the undiscounted amount of cash consideration expected to be paid or received.

Debt instruments which are payable or receivable after more than one year are initially measured at the fair value of the cash consideration and thereafter at amortised cost using the effective interest method.

Taxation
Taxation for the period relates to current tax which is recognised in the Income Statement. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2023
and 30 September 2024 9,383,000
NET BOOK VALUE
At 30 September 2024 9,383,000
At 30 September 2023 9,383,000

5. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£ £
Bank loans 2,831,000 2,831,000

The company's bank borrowings are secured by fixed charges over its investment properties.

Crowswood Limited (Registered number: 04415570)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £ £
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

The company is party to a £10.262m financing facility as a joint borrower with other entities, variously controlled by its parent undertaking; the company's directors and; their close family, in relation to which the company's liability under the facility is joint and several with those entities.

8. ULTIMATE PARENT

The company is a wholly owned subsidiary undertaking of Hollybrook (UK) Ltd, incorporated in England.