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REGISTERED NUMBER: 05658243 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CRESTPARK PROPERTIES LIMITED

CRESTPARK PROPERTIES LIMITED (REGISTERED NUMBER: 05658243)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRESTPARK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr Feldman





REGISTERED OFFICE: 105 Eade Road
OCC Building A
2nd Floor Unit 11a
London
N4 1TJ





REGISTERED NUMBER: 05658243 (England and Wales)





ACCOUNTANTS: DAS Accounting & Partners (UK) LLP
105 Eade Road
OCC Building A
2nd Floor Unit 11a
London
N4 1TJ

CRESTPARK PROPERTIES LIMITED (REGISTERED NUMBER: 05658243)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 4,700,000 5,000,000
Investments 6 1 1
4,700,001 5,000,001

CURRENT ASSETS
Debtors 7 4,076,767 4,151,794
Cash at bank 1,435 8,563
4,078,202 4,160,357
CREDITORS
Amounts falling due within one year 8 (430,300 ) (418,054 )
NET CURRENT ASSETS 3,647,902 3,742,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,347,903

8,742,304

CREDITORS
Amounts falling due after more than one year 9 (3,089,415 ) (3,104,326 )

PROVISIONS FOR LIABILITIES 10 (544,000 ) (620,000 )
NET ASSETS 4,714,488 5,017,978

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,714,388 5,017,878
4,714,488 5,017,978

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CRESTPARK PROPERTIES LIMITED (REGISTERED NUMBER: 05658243)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2025 and were signed by:





Mr Feldman - Director


CRESTPARK PROPERTIES LIMITED (REGISTERED NUMBER: 05658243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Crestpark Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Judgements and key sources of estimation uncertainty
Judgements made by the director, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below:

The company's investment property is valued by the director. The valuation of the company's property is inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yield and comparable market transactions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

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
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


CRESTPARK PROPERTIES LIMITED (REGISTERED NUMBER: 05658243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. ACCOUNTING POLICIES - continued
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.

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertaking comprise a small group.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Investment
property
£   
COST
At 1 January 2024 5,000,000
Disposals (300,000 )
At 31 December 2024 4,700,000
NET BOOK VALUE
At 31 December 2024 4,700,000
At 31 December 2023 5,000,000

The director is of the opinion that £4,700,000 represents the open market value of the investment properties at 31 December 2024. The historical cost of the investment properties is £1,839,463 (2023: £1,839,463).

CRESTPARK PROPERTIES LIMITED (REGISTERED NUMBER: 05658243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 2,458,215 2,506,641
Other debtors 1,618,552 1,645,153
4,076,767 4,151,794

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,850 8,850
Taxation 6,349 15,805
Other creditors 415,101 393,399
430,300 418,054

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,089,415 3,104,326

Bank loans of £3,064,250 are secured by legal charges over the company's investment properties.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 544,000 620,000

CRESTPARK PROPERTIES LIMITED (REGISTERED NUMBER: 05658243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 620,000
Charge during the year (76,000 )
Balance at 31 December 2024 544,000

The provision for deferred tax is in relation to timing differences in respect of the revaluation of investment properties.