Company registration number 15138163 (England and Wales)
PROJECT CROWN TRUSTEE LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
PROJECT CROWN TRUSTEE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
PROJECT CROWN TRUSTEE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investments
3
54,043
Current assets
-
Creditors: amounts falling due within one year
4
(54,042)
Net current liabilities
(54,042)
Net assets
1
Capital and reserves
Called up share capital
5
1

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 September 2025 and are signed on its behalf by:
Mr S Knight
Director
Company registration number 15138163 (England and Wales)
PROJECT CROWN TRUSTEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Project Crown Trustee Limited is a private company limited by shares incorporated in England and Wales. The registered office is Azzurri House, Walsall Road, Aldridge, Walsall, United Kingdom, WS9 0RB.

1.1
Reporting period

The company was incorporated on 14 September 2023 with the financial period being shortened to 31 March 2024, to align with the group of companies it is included in. As this is the first financial period for the company there are no comparative figures.

1.2
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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
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.

1.5
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.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

PROJECT CROWN TRUSTEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
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.

2
Employees

The average monthly number of persons employed by the company during the period was:

2024
Number
Total
0
3
Fixed asset investments
2024
£
Shares in group undertakings and participating interests
54,043
PROJECT CROWN TRUSTEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in parent
£
Cost or valuation
At 14 September 2023
-
Additions
54,043
At 31 March 2024
54,043
Carrying amount
At 31 March 2024
54,043

The company holds 5,780 Ordinary D shares, a minority interest, in its ultimate parent company, Project Crown Topco Limited, as trustee on behalf of an Employee Benefit Trust.

4
Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings
54,042

Amounts owed to group undertakings are interest free and repayable on demand.

5
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary share of £1 each
1
1

The company was incorporated with one ordinary share, issued at par value of £1.

6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the period 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.

PROJECT CROWN TRUSTEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
6
Audit report information
(Continued)
- 5 -
Senior Statutory Auditor:
David Hanby
Statutory Auditor:
Langard Lifford Hall Limited
Date of audit report:
11 September 2025
7
Related party transactions

The company has taken advantage of the exemption available under section 33.1A of FRS102 from disclosing related party transactions and balances with other companies that are wholly owned as part of the group.

8
Parent company

The parent company of Project Crown Trustee Limited is Project Crown Bidco Limited and its registered office is Azzurri House, Walsall Road, Aldridge, Walsall, United Kingdom, WS9 0RB.

The ultimate parent company is Project Crown Topco limited, registered office Azzurri House, Walsall Road, Aldridge, Walsall, United Kingdom, WS9 0RB.

The following are t he parents of the largest and smallest groups in which this company's results are consolidated:

Largest group
Project Crown Topco Limited
Smallest group
Project Crown Topco Limited
2024-03-31 2023-09-14 false false false 11 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity S Knight Mr Richard Thomas Mr Michael Ward 15138163 2023-09-14 2024-03-31 15138163 2024-03-31 15138163 core:ShareCapital 2024-03-31 15138163 core:ShareCapitalOrdinaryShareClass1 2024-03-31 15138163 bus:Director1 2023-09-14 2024-03-31 15138163 core:CurrentFinancialInstruments 2024-03-31 15138163 bus:OrdinaryShareClass1 2023-09-14 2024-03-31 15138163 bus:OrdinaryShareClass1 2024-03-31 15138163 bus:PrivateLimitedCompanyLtd 2023-09-14 2024-03-31 15138163 bus:SmallCompaniesRegimeForAccounts 2023-09-14 2024-03-31 15138163 bus:FRS102 2023-09-14 2024-03-31 15138163 bus:Audited 2023-09-14 2024-03-31 15138163 bus:Director2 2023-09-14 2024-03-31 15138163 bus:Director3 2023-09-14 2024-03-31 15138163 bus:FullAccounts 2023-09-14 2024-03-31 xbrli:pure xbrli:shares iso4217:GBP