Crescent Home Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01543925

CRESCENT HOME LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 May 2025

CRESCENT HOME LIMITED

STATEMENT OF FINANCIAL POSITION

31 May 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		2,075,026		2,007,022

CURRENT ASSETS

Stocks		3,925	3,925
Debtors	6	117,183	97,384
Cash at bank and in hand		77,408	9,444
		---------	---------
		198,516	110,753

CREDITORS: amounts falling due within one year	7	330,016		283,070
		---------		---------
NET CURRENT LIABILITIES			131,500		172,317
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,943,526		1,834,705

PROVISIONS	139,708	104,129
	------------	------------
NET ASSETS	1,803,818	1,730,576
	------------	------------

CAPITAL AND RESERVES

Called up share capital	10,000	10,000
Profit and loss account	1,793,818	1,720,576
	------------	------------
SHAREHOLDERS FUNDS	1,803,818	1,730,576
	------------	------------

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 statement of income and retained earnings has not been delivered.

For the year ending 31 May 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 .

CRESCENT HOME LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

Mr C L Ogbourne
Director

Company registration number: 01543925

CRESCENT HOME LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 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 3 The Crescent, Northampton, NN1 4SB.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Freehold property	-	2% straight line
Fixtures and fittings	-	15% and 25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 34 (2024: 34 ).

5. TANGIBLE ASSETS

	Freehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 June 2024	1,937,948	1,898,033	175,493	171,012	4,182,486
Additions	–	107,096	79,995	30,082	217,173
	------------	------------	---------	---------	------------
At 31 May 2025	1,937,948	2,005,129	255,488	201,094	4,399,659
	------------	------------	---------	---------	------------
Depreciation
At 1 June 2024	406,510	1,469,816	153,779	145,359	2,175,464
Charge for the year	15,702	91,254	25,427	16,786	149,169
	------------	------------	---------	---------	------------
At 31 May 2025	422,212	1,561,070	179,206	162,145	2,324,633
	------------	------------	---------	---------	------------
Carrying amount
At 31 May 2025	1,515,736	444,059	76,282	38,949	2,075,026
	------------	------------	---------	---------	------------
At 31 May 2024	1,531,438	428,217	21,714	25,653	2,007,022
	------------	------------	---------	---------	------------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	94,768	73,659
Other debtors	22,415	23,725
	---------	--------
	117,183	97,384
	---------	--------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	11,321	33,431
Corporation tax	7,228	–
Social security and other taxes	17,051	18,118
Other creditors	294,416	231,521
	---------	---------
	330,016	283,070
	---------	---------

8. RELATED PARTY TRANSACTIONS

During the year the company undertook the following transactions with related parties. The directors have advanced monies to the company. At 31 May 2025 the amount due from the company was £232,367 (2024 - £169,323).