1 January 2024 false No description of principal activity Taxfiler 2024.6 13625817business:PrivateLimitedCompanyLtd2024-01-012024-12-31 136258172023-12-31 136258172024-01-012024-12-31 13625817business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 13625817business:FilletedAccounts2024-01-012024-12-31 136258172024-12-31 136258172023-12-31 13625817core:WithinOneYear2024-12-31 13625817core:WithinOneYear2023-12-31 13625817core:AfterOneYear2024-12-31 13625817core:AfterOneYear2023-12-31 13625817core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 13625817core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 13625817core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 13625817core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 13625817core:PreviouslyStatedAmount2024-12-31 13625817core:PreviouslyStatedAmount2023-12-31 13625817business:SmallEntities2024-01-012024-12-31 13625817business:Director12024-01-012024-12-31 13625817countries:EnglandWales2024-01-012024-12-31 13625817business:RegisteredOffice2024-01-012024-12-31 13625817core:FurnitureFittings2023-12-31 13625817core:FurnitureFittings2024-12-31 13625817core:FurnitureFittings2024-01-012024-12-31 136258172023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 13625817 (England and Wales)
CRESTA HOUSE (LUTON) LIMITED Unaudited accounts for the year ended 31 December 2024
CRESTA HOUSE (LUTON) LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,500 
76,106 
Investment property
5
12,000,000 
11,185,000 
12,002,500 
11,261,106 
Current assets
Debtors
6
80,154 
131,785 
Cash at bank and in hand
81,800 
60,850 
161,954 
192,635 
Creditors: amounts falling due within one year
7
(247,093)
(379,481)
Net current liabilities
(85,139)
(186,846)
Total assets less current liabilities
11,917,361 
11,074,260 
Creditors: amounts falling due after more than one year
8
(8,293,595)
(8,029,117)
Provisions for liabilities
Deferred tax
(373,403)
(190,258)
Net assets
3,250,363 
2,854,885 
Capital and reserves
Called up share capital
2,501,000 
2,501,000 
Profit and loss account
749,363 
353,885 
Shareholders' funds
3,250,363 
2,854,885 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2025 and were signed on its behalf by
Christos DIMITRIADIS Director Company Registration No. 13625817
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CRESTA HOUSE (LUTON) LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
CRESTA HOUSE (LUTON) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13625817. The registered office is 60 WELBECK STREET, LONDON, W1G 9XB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2024
217,248 
At 31 December 2024
217,248 
Depreciation
At 1 January 2024
141,142 
Charge for the year
73,606 
At 31 December 2024
214,748 
Net book value
At 31 December 2024
2,500 
At 31 December 2023
76,106 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
11,185,000 
Additions
82,422 
Net gain from fair value adjustments
732,578 
At 31 December 2024
12,000,000 
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CRESTA HOUSE (LUTON) LIMITED Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(2,373)
61,345 
Accrued income and prepayments
82,527 
70,440 
80,154 
131,785 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
148,932 
298,852 
Other creditors
90,336 
61,610 
Accruals
7,825 
19,019 
247,093 
379,481 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,848,013 
- 
Amounts owed to group undertakings and other participating interests
3,439,427 
8,028,764 
Accruals
6,155 
353 
8,293,595 
8,029,117 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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