Company registration number 04961739 (England and Wales)
DUCHEMIN-CROOK BUILDING & DEVELOPMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
DUCHEMIN-CROOK BUILDING & DEVELOPMENT LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
DUCHEMIN-CROOK BUILDING & DEVELOPMENT LTD
COMPANY INFORMATION
- 1 -
Directors
Mr A R Duchemin-Crook
Mrs D M Duchemin-Crook
Secretary
Mr D Dow
Company number
04961739
Registered office
The Coach House
20 Freelands Road
Bromley
BR 1 3AQ
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
DUCHEMIN-CROOK BUILDING & DEVELOPMENT LTD
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment properties
4
275,000
280,000
Current assets
Debtors
5
1,491
1,724
Cash at bank and in hand
3,240
3,769
4,731
5,493
Creditors: amounts falling due within one year
6
(108,493)
(109,551)
Net current liabilities
(103,762)
(104,058)
Total assets less current liabilities
171,238
175,942
Provisions for liabilities
7
(42,181)
(33,008)
Net assets
129,057
142,934
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
8
136,967
140,717
Distributable profit and loss reserves
(8,010)
2,117
Total equity
129,057
142,934
DUCHEMIN-CROOK BUILDING & DEVELOPMENT LTD
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2024
31 October 2024
- 3 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 June 2025 and are signed on its behalf by:
Mr A R Duchemin-Crook
Director
Company Registration No. 04961739
DUCHEMIN-CROOK BUILDING & DEVELOPMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
1
Accounting policies
Company information
Duchemin-Crook Building & Development Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Coach House, 20 Freelands Road, Bromley, BR 1 3AQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 pound.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% on the reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, 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. Changes in fair value are recognised in profit or loss.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
DUCHEMIN-CROOK BUILDING & DEVELOPMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.9
Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
DUCHEMIN-CROOK BUILDING & DEVELOPMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 November 2023 and 31 October 2024
941
Depreciation and impairment
At 1 November 2023 and 31 October 2024
941
Carrying amount
At 31 October 2024
At 31 October 2023
4
Investment property
2024
£
Fair value
At 1 November 2023
280,000
Revaluations
(5,000)
At 31 October 2024
275,000
The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31st October 2024 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The original cost of the property was £106,275.
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,188
1,221
Prepayments and accrued income
303
503
1,491
1,724
DUCHEMIN-CROOK BUILDING & DEVELOPMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 7 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
69
325
Other creditors
107,584
108,386
Accruals and deferred income
840
840
108,493
109,551
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
42,181
33,008
8
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
140,717
140,717
Non distributable profits in the year
(3,750)
-
At the end of the year
136,967
140,717