CRWP (South Witham) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13929669

CRWP (South Witham) Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

CRWP (South Witham) Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

CRWP (South Witham) Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		2,101,214		2,099,849

Current assets

Debtors	6	32,685	42,115
Cash at bank and in hand		455,879	244,615
		----------	----------
		488,564	286,730

Creditors: amounts falling due within one year	7	( 95,418)		( 89,861)
		----------		----------
Net current assets			393,146		196,869
			-------------		-------------
Total assets less current liabilities			2,494,360		2,296,718

Creditors: amounts falling due after more than one year	8	( 2,000,278)	( 2,000,278)
		-------------	-------------
Net assets		494,082	296,440
		-------------	-------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	493,982	296,340
	----------	----------
Shareholders funds	494,082	296,440
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CRWP (South Witham) Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr C R White
Director

Company registration number: 13929669

CRWP (South Witham) Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Mine Site, Mill Lane, Grantham, Lincolnshire, NG33 5QN.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. 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.

(d) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	10% straight line

(e) Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

(f) Financial instruments

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 entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Freehold investment property	Equipment	Total
	£	£	£
Cost
At 1 April 2024	2,096,216	3,891	2,100,107
Additions	–	2,102	2,102
Disposals	( 190)	–	( 190)
	-------------	-------	-------------
At 31 March 2025	2,096,026	5,993	2,102,019
	-------------	-------	-------------
Depreciation
At 1 April 2024	–	258	258
Charge for the year	–	547	547
	-------------	-------	-------------
At 31 March 2025	–	805	805
	-------------	-------	-------------
Carrying amount
At 31 March 2025	2,096,026	5,188	2,101,214
	-------------	-------	-------------
At 31 March 2024	2,096,216	3,633	2,099,849
	-------------	-------	-------------

The freehold land and buildings were valued in April 2022 on an open market value basis at £2,000,000. The valuation was undertaken by A V Wainwright Chartered Valuation Surveyors. Additions since are stated at cost. The directors consider the net book value at 31 March 2025 to be in line with open market value.

6. Debtors

	2025	2024
	£	£
Trade debtors	32,685	42,115
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	6,668	3,978
Accruals and deferred income	1,850	1,750
Corporation tax	66,000	57,500
VAT Liability	16,649	16,370
Other creditors	4,251	10,263
	--------	--------
	95,418	89,861
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Director loan accounts	2,000,278	2,000,278
	-------------	-------------

9. Related party transactions

The director has made a loan to the company . At the end of the period a balance of £ 2,000,278 was owed to the director. No interest was charged on the loan during the year. No repayment of the loan is expected before 31 March 2026.