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REGISTERED NUMBER: 00950983 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CROWS NEST STORES LIMITED

CROWS NEST STORES LIMITED (REGISTERED NUMBER: 00950983)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CROWS NEST STORES LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTORS: Mr Ian Richard Palmer
Mr Nicholas James Palmer
Mrs Rebecca Jayne Palmer-Bunting





SECRETARY: Mrs Rebecca Jayne Palmer-Bunting





REGISTERED OFFICE: Crows Nest Farm
Gristhorpe
Filey
North Yorkshire
YO14 9PS





REGISTERED NUMBER: 00950983 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5 & 6 Manor Garth
Manor Court
Scarborough
North Yorkshire
YO11 3TU

CROWS NEST STORES LIMITED (REGISTERED NUMBER: 00950983)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,339 22,397

CURRENT ASSETS
Stocks 43,280 43,070
Debtors 5 767,968 766,281
Cash at bank and in hand 390,306 337,842
1,201,554 1,147,193
CREDITORS
Amounts falling due within one year 6 22,269 24,410
NET CURRENT ASSETS 1,179,285 1,122,783
TOTAL ASSETS LESS CURRENT LIABILITIES 1,200,624 1,145,180

PROVISIONS FOR LIABILITIES 2,834 2,919
NET ASSETS 1,197,790 1,142,261

CAPITAL AND RESERVES
Called up share capital 7 5,000 5,000
Retained earnings 1,192,790 1,137,261
SHAREHOLDERS' FUNDS 1,197,790 1,142,261

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 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.

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 Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:




Mr Ian Richard Palmer - Director


CROWS NEST STORES LIMITED (REGISTERED NUMBER: 00950983)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024


1. STATUTORY INFORMATION

Crows Nest Stores 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.

Turnover
The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax, of sales made during the year. Sales are recognised in the profit and loss account at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - Land 0%, buildings 2% on cost
Fixtures and fittings - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

CROWS NEST STORES LIMITED (REGISTERED NUMBER: 00950983)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and and
buildings fittings Totals
£    £    £   
COST
At 1 January 2024 33,852 133,691 167,543
Additions - 2,322 2,322
Disposals - (13,767 ) (13,767 )
At 31 December 2024 33,852 122,246 156,098
DEPRECIATION
At 1 January 2024 24,852 120,294 145,146
Charge for year 407 2,973 3,380
Eliminated on disposal - (13,767 ) (13,767 )
At 31 December 2024 25,259 109,500 134,759
NET BOOK VALUE
At 31 December 2024 8,593 12,746 21,339
At 31 December 2023 9,000 13,397 22,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 312,805 311,154
Other debtors 455,163 455,127
767,968 766,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 4,815
Taxation and social security 19,349 16,675
Other creditors 2,920 2,920
22,269 24,410

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £5000 5,000 5,000

8. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the balance sheet date is £4,521,603 (2023 £4,931,891).

CROWS NEST STORES LIMITED (REGISTERED NUMBER: 00950983)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


9. CONTROLLING PARTY

The controlling party is Crows Nest Camp Limited.

The ultimate controlling party is Mr Ian Richard Palmer.