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Registered number: 00636090


 

CRAWLEY DOWN GROUP LIMITED
 
ANNUAL REPORT
 
FOR THE YEAR ENDED 31 DECEMBER 2024

 
CRAWLEY DOWN GROUP LIMITED
 

CONTENTS



Page
Company information
 
1
Strategic report
 
2
Directors' report
 
3 - 4
Independent auditor's report
 
5 - 8
Profit and loss account
 
9
Balance sheet
 
10
Statement of changes in equity
 
11
Notes to the financial statements
 
12 - 22


 
CRAWLEY DOWN GROUP LIMITED
 

COMPANY INFORMATION


Directors
B G Voller 
J W Voller 
C B Voller 
N S Maden 
N J Caunter 
S L Caunter 




Company secretary
N S Maden



Registered number
00636090



Registered office
Aph House Snow Hill
Copthorne

Crawley

West Sussex

RH10 3EQ




Independent auditor
Cooper Parry Group Limited
Statutory Auditor

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA




Solicitors
CooperBurnett Solicitors
Napier House

14-16 Mount Ephraim Road

Turnbridge Wells

TN1 1EE




Page 1

 
CRAWLEY DOWN GROUP LIMITED
 

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their strategic report for the year ended 31 December 2024.
The main activities of the company during the period were the operation of the Shell forecourt and convenience store, a florist and a cycle café.

Review of business
 
All of the retail units faced challenging trading conditions but overall performed as expected. 

Principal risks and uncertainties
 
The principal risk facing the company is the volatilty of wholesale fuel prices and consequent margins along
with relentless increases in payroll costs and other overheads. 

Financial key performance indicators
 
Pre-tax profit decreased 47% to £85,241 from £159,762 in the prior year.


This report was approved by the board and signed on its behalf.





N J Caunter
Director

Date: 7 August 2025

Page 2

 
CRAWLEY DOWN GROUP LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, the directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors.

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Results and dividends

The profit for the year, after taxation, amounted to £108,313 (2023: £32,647).

The directors do not recommend the payment of an ordinary dividend in the year (2023: £Nil).

Going concern

With the crisis driven boost to the convenience store sector and the recovery of fuel sales, the directors are confident of being able to sustain a reasonable profit from this business.

Directors

The directors who served during the year were:

B G Voller 
J W Voller 
C B Voller 
N S Maden 
N J Caunter 
Page 3

 
CRAWLEY DOWN GROUP LIMITED
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

S L Caunter 

Matters covered in the strategic report

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of discussions relating to financial and other risk management objectives and policies.

Disclosure of information to auditor

Each of the persons who are directors at the time when this directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Auditor

The auditor, Cooper Parry Group Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





N J Caunter
Director

Date: 7 August 2025

Page 4

 
CRAWLEY DOWN GROUP LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CRAWLEY DOWN GROUP LIMITED
 

Opinion


We have audited the financial statements of Crawley Down Group Limited (the 'company') for the year ended 31 December 2024, which comprise the profit and loss account, the balance sheet, the statement of changes in equity and the notes to the financial statements, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual reportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 5

 
CRAWLEY DOWN GROUP LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CRAWLEY DOWN GROUP LIMITED (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Directors' Report.


Responsibilities of directors
 

As explained more fully in the directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.


Page 6

 
CRAWLEY DOWN GROUP LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CRAWLEY DOWN GROUP LIMITED (CONTINUED)


Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We discussed with the directors the policies and procedures in place regarding compliance with laws and regulations. We discussed amongst the audit team the identified laws and regulations, and remained alert to any indications of non-compliance.
During the audit we focused on laws and regulations which could reasonably be expected to give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.
Our procedures in relation to fraud included but were not limited to: inquires of management whether they have any knowledge of any actual, suspected or alleged fraud, and discussions amongst the audit team regarding risk of fraud such as opportunities for fraudulent manipulation of financial statements. We determined that the principal risks related to posting manual journal entries to manipulate financial performance and management bias through judgements in accounting estimates. We also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. Our tests include agreeing the financial statement disclosures to underlying supporting documentation.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. In assessing the potential risks of material misstatement we obtained an understanding of; the entities operations, including the nature of its revenue sources and services and of its objectives and strategies to understand the classes of transactions, account balances, expected financial statement disclosures and business risks that may result in risks of material misstatement. We did not identify any matters relating to non-compliance with laws and regulations relating to fraud.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.


Page 7

 
CRAWLEY DOWN GROUP LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CRAWLEY DOWN GROUP LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Robert Blundell (Senior Statutory Auditor)
  
for and on behalf of
Cooper Parry Group Limited
 
Statutory Auditor
  
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

 
Date: 
12 August 2025
Page 8

 
CRAWLEY DOWN GROUP LIMITED
 

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
Note
£
£

  

Turnover
 4 
10,693,057
10,731,506

Cost of sales
  
(9,884,740)
(9,983,371)

Gross profit
  
808,317
748,135

Administrative expenses
  
(839,960)
(687,373)

Other operating income
 5 
108,556
91,439

Operating profit
 7 
76,913
152,201

Interest receivable and similar income
  
8,328
7,561

Profit before tax
  
85,241
159,762

Tax on profit
 8 
23,072
(127,115)

Profit for the financial year
  
108,313
32,647

There were no recognised gains and losses for 2024 or 2023 other than those included in the profit and loss account.

There was no other comprehensive income for 2024 (2023: £NIL).

The notes on pages 12 to 22 form part of these financial statements.

Page 9

 
CRAWLEY DOWN GROUP LIMITED
REGISTERED NUMBER: 00636090

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 9 
1,842,555
1,839,713

Investment property
 11 
784,000
784,000

  
2,626,555
2,623,713

Current assets
  

Stocks
  
220,694
241,474

Debtors: amounts falling due within one year
 12 
330,172
252,456

Cash at bank and in hand
  
626,902
607,322

  
1,177,768
1,101,252

Creditors: amounts falling due within one year
 13 
(858,004)
(870,742)

Net current assets
  
 
 
319,764
 
 
230,510

Total assets less current liabilities
  
2,946,319
2,854,223

Provisions for liabilities
  

Deferred tax
 15 
-
(16,217)

Net assets
  
2,946,319
2,838,006


Capital and reserves
  

Called up share capital 
  
46,000
46,000

Revaluation reserve
  
502,735
502,735

Profit and loss account
  
2,397,584
2,289,271

Shareholders' funds
  
2,946,319
2,838,006


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N J Caunter
Director

Date: 7 August 2025

The notes on pages 12 to 22 form part of these financial statements.

Page 10

 
CRAWLEY DOWN GROUP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 January 2023
46,000
537,458
2,221,901
2,805,359



Profit for the year
-
-
32,647
32,647

Transfer to/from profit and loss account
-
(34,723)
34,723
-



At 1 January 2024
46,000
502,735
2,289,271
2,838,006



Profit for the year
-
-
108,313
108,313


At 31 December 2024
46,000
502,735
2,397,584
2,946,319


The notes on pages 12 to 22 form part of these financial statements.

Page 11

 
CRAWLEY DOWN GROUP LIMITED
 

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

1.


General information

Crawley Down Group Limited (the 'company') is a company limited by shares, incorporated and domiciled in England and Wales. 
The address of its registered office and principal place of business is Aph House, Snow Hill, Copthorne, Crawley, West Sussex, United Kingdom, RH10 3EQ.
The company's principal activity is the operation of a fuel service station and retail convenience outlet.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3).

The preparation of the financial statements in compliance with FRS requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.

  
2.2

Critical accounting judgements and key sources of estimation uncertainty

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.
In determining the value of the investment properties held by the company, the directors consider all relevant available information, including but not limited to relevant valuation indices for properties of a similar type in the locations in which the properties are held. The directors will use their judgement in selecting and appliying these indices as well as their experience within the industry to determine a suitable valuation of the revaluation of the properties within the period. At the year-end the investment properties held total £784,000 (2023: £784,000).

  
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, and on the accruals basis of accounting.
Turnover is measured net of value added tax and recognised at the point of sale of petrol and convenience outlet items.

Page 12

 
CRAWLEY DOWN GROUP LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the profit and loss account during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as below.

Depreciation is provided on the following basis:

Freehold property
-
3.33% straight line
Plant and machinery
-
5% - 33.33% straight line
Motor vehicles
-
20% straight line
Fixtures, fittings and equipment
-
5% - 20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

 
2.5

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

  
2.6

Investment property

Investment properties are included in the balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

  
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss account.

Page 13

 
CRAWLEY DOWN GROUP LIMITED
 

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

2.Accounting policies (continued)

  
2.8

Financial instruments

Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds basic financial instruments which comprise cash at bank, trade and other receivables and trade and other payables. The company has chosen to apply the provisions of Section 11 basic financial instruments in full.
Financial assets - classified as basic financial instruments
(i) Cash at bank and in hand
Cash at bank and in hand include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.
(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.
At the end of each reporting period, the company assesses whether there is objective evidence that a receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the profit and loss account.
Financial Liabilities - classified as basic financial instruments
(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

  
2.9

Hire purchase and leasing agreements

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

 
2.10

Pension costs and other post-retirement benefits

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 14

 
CRAWLEY DOWN GROUP LIMITED
 

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

2.Accounting policies (continued)

  
2.11

Going concern

These accounts are being prepared on a going concern basis; the directors are confident of the continuation of the steady recovery in fuel volumes. The petrol station and convenience store continues to thrive despite pricing challenges in the current economic climate. The directors are now confident of a very strong first half performance and a strong full year for the company. This gives the directors comfort that the company will continue in operation for the next 12 months and beyond.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of turnover and expenses during the reporting period.
The directors' don't consider that there are any relevant key estimates and judgements used in the preparation of the financial statements.


4.


Turnover

An analysis of turnover by class of business is as follows:


2024
2023
£
£

Petrol station and valeting
10,389,041
10,641,197

Cycle cafe and florist
304,016
90,309

10,693,057
10,731,506



5.


Other operating income

2024
2023
£
£

Other income and recharges
578
3,461

Rents received
107,978
87,978

108,556
91,439


Page 15

 
CRAWLEY DOWN GROUP LIMITED
 

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

6.


Employees and directors

Staff costs, including directors' remuneration, were as follows:


2024
2023
£
£

Wages and salaries
754,344
554,818

Social security costs
71,419
62,177

Cost of defined contribution scheme
19,931
17,482

845,694
634,477


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Office management
12
9



Sales and distribution
40
30

52
39


7.


Profit before taxation

The profit before taxation is stated after charging:

2024
2023
£
£

Depreciation - owned assets
50,167
94,161

Auditor's remuneration
21,500
24,750

Page 16

 
CRAWLEY DOWN GROUP LIMITED
 

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

8.


Taxation


2024
2023
£
£

Corporation tax


Adjustments in respect of previous periods

-
9,335


Deferred tax


Tax on profit
(23,072)
117,780


Tax on profit
(23,072)
127,115

Factors affecting tax charge for the year

The tax assessed for the year is the same as (2023: the same as) the standard rate of corporation tax in the UK of 25% (2023: 25%) as set out below:

2024
2023
£
£


Profit before tax
85,241
159,762


Profit multiplied by standard rate of corporation tax in the UK of 25% (2023: 25%)
21,310
39,941

Effects of:


Expenses not deductible for tax purposes
5,257
(49,407)

Other permanent differences
140
9,335

Adjustments to tax charge in respect of previous periods - deferred tax
(49,779)
117,780

Unrelieved tax losses carried forward
-
8,942

Other differences leading to an increase (decrease) in the tax charge
-
524

Total tax charge for the year
(23,072)
127,115


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 17

 
CRAWLEY DOWN GROUP LIMITED
 

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

9.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost


At 1 January 2024
1,180,431
839,991
93,513
4,083
2,118,018


Additions
75,196
17,907
38,185
1,706
132,994


Disposals
-
-
(15,292)
-
(15,292)



At 31 December 2024

1,255,627
857,898
116,406
5,789
2,235,720



Depreciation


At 1 January 2024
97,698
144,129
35,687
791
278,305


Charge for the year on owned assets
19,418
88,919
13,437
1,496
123,270


Disposals
-
-
(8,410)
-
(8,410)



At 31 December 2024

117,116
233,048
40,714
2,287
393,165



Net book value



At 31 December 2024
1,138,511
624,850
75,692
3,502
1,842,555



At 31 December 2023
1,082,733
695,862
57,826
3,292
1,839,713

Page 18

 
CRAWLEY DOWN GROUP LIMITED
 

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

10.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2024
16,000



At 31 December 2024

16,000



Impairment


At 1 January 2024
16,000



At 31 December 2024

16,000



Net book value



At 31 December 2024
-



At 31 December 2023
-

The company's investment is in the share capital of companies and includes the following:
Crawley Down Limited
Registered office: Aph House, Snow Hill, Copthorne, Crawley, West Sussex, RH10 3EQ
Nature of business: Dormant company
Class of shares:                                                                                                                          % holding
Ordinary                                                                                                                                           100.00

Page 19

 
CRAWLEY DOWN GROUP LIMITED
 

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

11.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
784,000



At 31 December 2024
784,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
281,265
281,265


12.


Debtors

2024
2023
£
£


Trade debtors
206,689
124,390

Amounts owed by group undertakings
9,399
59,182

Other debtors
2,637
1,770

Prepayments and accrued income
104,592
67,114

Deferred tax asset
6,855
-

330,172
252,456



13.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
219,857
267,279

Amounts owed to group undertakings
370,749
361,212

Other taxation and social security
72,255
76,133

Other creditors
55,522
87,123

Accruals and deferred income
139,621
78,995

858,004
870,742


Page 20

 
CRAWLEY DOWN GROUP LIMITED
 

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

14.


Commitments under operating leases

At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
58,518
40,000

Later than 1 year and not later than 5 years
9,753
-

68,271
40,000


15.


Deferred taxation




2024
2023


£

£






At beginning of year
(16,217)
101,563


Charged to the profit and loss account
23,072
(117,780)



At end of year
6,855
(16,217)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
80,011
158,392

Tax losses carried forward
(167,022)
(220,642)

Unrealised gain on assets held at fair value
80,156
78,467

(6,855)
16,217


16.


Contingent liabilities

National Westminister Bank plc holds fixed and floating cross-guarantees in respect of all accounts held in the names of the companies within the group, and has the right to set-off of debit and credit balances on all accounts. This company has similarly jointly guaranteed the overdrafts of the group companies. The amounts owed by other group companies under this guarantee at 31 December 2024 amounts to £2,206,527 (2023: £3,786,851) in respect of loans. 


17.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £19,931 (2023: £17,482). Contributions of £Nil (2023: £Nil) were payable to the fund at the balance sheet date.

Page 21

 
CRAWLEY DOWN GROUP LIMITED
 

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

18.


Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Report Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
At the year-end, the company owed £Nil (2023: £Nil) to the Crawley Down directors pension scheme in respect of pension contributions made on the scheme's behalf. During the year, rent was paid to the scheme totalling £54,054 (2023: £54,054).
During the year, the company paid rent of £40,000 (2023: £40,000) to two directors under a leasehold agreement.
All staff who have authority and responsibility for planning, directing and controlling the activities of the group are considered to be key management personnel, irrespective of which group company provides their remuneration. Total remuneration in respect of these individuals is £655,056 (2023: £564,991).


19.


Controlling party

The company's parent company and ultimate controlling party is Crawley Down Holdings Limited, a company registered in England and Wales. The parent company's address of principal place of business is: Aph House, Snow Hill, Copthorne, Crawley, West Sussex, RH10 3EQ.
Copies of the consolidated financial statements of Crawley Down Holdings Limited are available from the registered office: Aph House, Snow Hill, Copthorne, Crawley, West Sussex, RH10 3EQ.
The company is controlled by the board of directors of Crawley Down Holdings Limited.


Page 22