REGISTERED NUMBER: 01475677 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Crown House (Tadworth) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

W M Morris

REGISTERED OFFICE:

Unit 5, Woodcote Mews Chequers Lane

Walton On The Hill

Tadworth

KT20 7ST

REGISTERED NUMBER:

01475677 (England and Wales)

FIXED ASSETS

Tangible assets

4

497

662

Investments

5

1

1

Investment property

6

3,410,623

3,250,613

3,411,121

3,251,276

CURRENT ASSETS

Work in progress

7

484,377

495,430

Debtors

8

4,119,098

4,115,817

Cash at bank

6,862

9,939

4,610,337

4,621,186

CREDITORS

Amounts falling due within one year

9

4,373,146

4,422,903

NET CURRENT ASSETS

237,191

198,283

TOTAL ASSETS LESS CURRENT LIABILITIES

3,648,312

3,449,559

CREDITORS

Amounts falling due after more than one year

10

270,575

270,575

NET ASSETS

3,377,737

3,178,984

CAPITAL AND RESERVES

Called up share capital

11

52

52

Retained earnings

12

3,377,685

3,178,932

SHAREHOLDERS' FUNDS

3,377,737

3,178,984

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

W M Morris - Director

1.	STATUTORY INFORMATION

Crown House (Tadworth) 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 as modified by the revaluation of certain assets.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors , including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover represents rents receivable during the year. Rent free periods are accounted for in accordance with FRS 102, turnover is recognised at the point when rent becomes payable which is normally at the end of each calendar month.

Investment policy

Investment in subsidiary undertakings are stated at cost less impairment.

Tangible fixed assets

All fixed assets are initially recorded at cost.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Consolidation

In the opinion of the Directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

608,288

DEPRECIATION

At 1 January 2024

607,626

Charge for year

165

At 31 December 2024

607,791

NET BOOK VALUE

At 31 December 2024

497

At 31 December 2023

662

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Farthing Estates Ltd

Registered office: Unit 5, Woodcote Mews, Chequers Lane, Tadworth KT20 7ST

Nature of business: Letting of residential properties

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

1,285,043

1,100,004

Profit for the year

185,139

210,961

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

3,250,613

Revaluations

160,010

At 31 December 2024

3,410,623

NET BOOK VALUE

At 31 December 2024

3,410,623

At 31 December 2023

3,250,613

The investment properties were revalued on fair value basis by Martin Morris, a director and shareholder of the company at 31st December 2024 at £3,410,613 (2023 - £3,250,613). The historical cost of these properties was £1,705,987. The valuation is based on yields accepted by major surveying companies and actual rentals received.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2014

135,924

Valuation in 2016

766,030

Valuation in 2017

368,459

Valuation in 2019

223,600

Valuation in 2020

350,000

Valuation in 2021

(85,000

)

Valuation in 2022

193,314

Valuation in 2023

(407,701

)

Valuation in 2024

160,010

Cost

1,705,987

3,410,623

7.	WORK IN PROGRESS

31.12.24

31.12.23

£

£

Work-in-progress

484,377

495,430

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by related

parties

4,118,348

4,115,757

Prepayments

750

60

4,119,098

4,115,817

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

111

Trade creditors

-

343

Amounts owed to group undertakings

19,336

80,136

Tax

12,990

22,229

Other creditors

97,763

97,763

Amounts owed to related

parties

4,243,057

4,216,801

Accruals

-

5,520

4,373,146

4,422,903

Other creditors relate to money owed to the shareholder Mr P Morris.

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Deferred tax

270,575

270,575

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

52

Ordinary

£1

52

52

12.

RESERVES

Retained

earnings

£

At 1 January 2024

3,178,932

Profit for the year

198,753

At 31 December 2024

3,377,685

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W M Morris.