COMPANY REGISTRATION NUMBER:
01694887
|
W Croxford (Properties) Limited |
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Filleted Unaudited Financial Statements |
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W Croxford (Properties) Limited |
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Statement of Financial Position |
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31 March 2026
Fixed assets
|
Investments |
5 |
|
170,000 |
170,000 |
|
|
|
|
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Current assets
|
Cash at bank and in hand |
618,549 |
|
614,556 |
|
|
|
|
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Creditors: amounts falling due within one year |
6 |
605,468 |
|
613,806 |
|
--------- |
|
--------- |
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Net current assets |
|
13,081 |
750 |
|
|
--------- |
--------- |
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Total assets less current liabilities |
|
183,081 |
170,750 |
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|
--------- |
--------- |
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Net assets |
|
183,081 |
170,750 |
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|
--------- |
--------- |
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|
|
|
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Capital and reserves
|
Called up share capital |
7 |
|
1,000 |
1,000 |
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Profit and loss account |
|
182,081 |
169,750 |
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|
--------- |
--------- |
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Shareholders funds |
|
183,081 |
170,750 |
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--------- |
--------- |
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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 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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W Croxford (Properties) Limited |
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Statement of Financial Position (continued) |
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31 March 2026
These financial statements were approved by the
board of directors
and authorised for issue on
14 August 2026
, and are signed on behalf of the board by:
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Mrs N J Croxford |
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Director |
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Company registration number:
01694887
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W Croxford (Properties) Limited |
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Notes to the Financial Statements |
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Year ended 31 March 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3B Swallowfield Courtyard, Wolverhampton Road, Oldbury, West Midlands, B69 2JG.
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, 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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under FRS 102: -No cash flow statement has been presented for the company -Disclosures in respect of financial instruments have not been presented.
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 properties rented.
Income 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 pay or recover 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.
Investments
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.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
4.
Particulars of employees
The average number of persons employed by the company during the year amounted to
3
(2025:
4
).
5.
Investments
|
Cost |
|
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At 1 April 2025 and 31 March 2026 |
170,000 |
|
--------- |
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Impairment |
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At 1 April 2025 and 31 March 2026 |
– |
|
--------- |
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|
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Carrying amount |
|
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At 31 March 2026 |
170,000 |
|
--------- |
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At 31 March 2025 |
170,000 |
|
--------- |
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The directors have reviewed the fair value of the investment properties and consider the value that they are stated at in the accounts reflects there fair value.
6.
Creditors:
amounts falling due within one year
|
Accruals and deferred income |
6,484 |
6,484 |
|
Corporation tax |
3,128 |
3,821 |
|
Director loan accounts |
595,856 |
603,501 |
|
--------- |
--------- |
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605,468 |
613,806 |
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--------- |
--------- |
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7.
Called up share capital
Issued, called up and fully paid
|
Ordinary shares of £ 1 each |
1,000 |
1,000 |
1,000 |
1,000 |
|
------- |
------- |
------- |
------- |
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8.
Directors' advances, credits and guarantees
At the year end there was a balance owed to the directors of £595,856 (2024: £603,501).