REGISTERED NUMBER: 01996580 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Derek Crowson Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Investments

4

3,700

3,700

Investment property

5

15,100,000

13,300,000

15,103,700

13,303,700

Current assets

Debtors

6

367,466

344,769

Investments

7

2,883,855

2,531,249

Cash at bank

188,170

250,920

3,439,491

3,126,938

Creditors: amounts falling due within one year

8

2,849,146

1,711,665

Net current assets

590,345

1,415,273

Total assets less current liabilities

15,694,045

14,718,973

Provisions for liabilities

312,493

343,736

Net assets

15,381,552

14,375,237

Capital and reserves

Called up share capital

20,600

103

Share premium

149,889

149,889

Fair value reserve

9

4,245,894

4,307,222

Retained earnings

10,965,169

9,918,023

Shareholders' funds

15,381,552

14,375,237

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 12 September 2025 and were signed on its behalf by:

S A Crowson - Director

1.	Statutory information

Derek Crowson Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01996580

Registered office:

85 Church Road

Hove

East Sussex

BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Derek Crowson Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration for rental income receivable during the year, stated net of discounts and of Value Added Tax.

Investment property

Investment property is shown at fair value at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Fixed asset investments

Fixed asset investments are shown at cost less any accumulated impairment.

Current asset investments

Current asset investments are shown at fair value at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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 at the reporting date. Unrelieved tax losses and other 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Fixed asset investments

Other

investments

£

Cost

At 1 January 2024

and 31 December 2024

3,700

Net book value

At 31 December 2024

3,700

At 31 December 2023

3,700

5.	Investment property

Total

£

Fair value

At 1 January 2024

13,300,000

Additions

1,892,572

Revaluations

(92,572

)

At 31 December 2024

15,100,000

Net book value

At 31 December 2024

15,100,000

At 31 December 2023

13,300,000

The investment properties are valued at fair value based on open market value of similar properties. The year end valuations were made by the directors. The fair value adjustment included in the profit and loss account was a loss of £92,572 (2023: Profit £50,000)

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

249,925

185,670

Other debtors

117,541

159,099

367,466

344,769

7.	Current asset investments

2024

2023

£

£

Listed investments

2,883,855

2,531,249

8.

Creditors: amounts falling due within one year

2024

2023

£

£

Taxation and social security

348,641

315,559

Other creditors

2,500,505

1,396,106

2,849,146

1,711,665

9.

Reserves

Fair

value

reserve

£

At 1 January 2024

4,307,222

Transfer from retained earnings

(61,328

)

At 31 December 2024

4,245,894

10.	Related party disclosures

At the year end, the company owed the director £1,379,859 (2023: £289,440).