Registration number: 04577611

Crossbar Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 4

Crossbar Limited

Company Information

Director

R Villiers-Smith

Company secretary

S Villiers-Smith

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Crossbar Limited

Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Current assets
Debtors	4	10,118	9,915
Cash at bank and in hand		113,432	261,088
		123,550	271,003
Creditors: Amounts falling due within one year	5	(14,495)	(171,036)
Net assets		109,055	99,967
Capital and reserves
Called up share capital		100	100
Profit and loss account		108,955	99,867
Total equity		109,055	99,967

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of Crossbar Limited has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the director on 20 August 2026
 

.........................................

R Villiers-Smith

Director

Company registration number: 04577611

Crossbar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of trade finance related services.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The company made a profit for the year ended 31 March 2026 and had net assets at that date of £109,055.

The director has considered the potential effect of the current economic outlook and the director believes that the impact will continue to be manageable. The company continues to operate profitably, and has few fixed overheads. The director is able to control expenditure where required.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover represents finance and interest charges on customers' factored book debts received or receivable on in the ordinary course of the company's activities.

The company recognises turnover from services provided over the contractual period using the effective interest method.

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Crossbar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 1 (2025: 1).

4

Debtors

	2026 £	2025 £
Trade debtors	9,697	9,519
Other debtors	421	396
	10,118	9,915

5

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Taxation and social security	5,522	7,338
Accruals and deferred income	3,900	3,900
Other creditors	5,073	159,798
	14,495	171,036