| 33 Cranwich Road Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Contributions towards management costs |
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Contributions receivable from shareholders towards the costs of owning and managing the freehold property are recognised as income when they become due. These contributions are non-refundable and are credited to the profit and loss account in the period in which they are recognised. Management and administrative costs are charged to the profit and loss account as incurred. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold land and buildings |
Not depreciated |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
(including directors) |
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| 3 |
Tangible fixed assets |
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Land and buildings |
| £ |
|
Cost |
|
At 1 January 2025 |
17,500 |
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At 31 December 2025 |
17,500 |
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Depreciation |
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At 31 December 2025 |
- |
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Net book value |
|
At 31 December 2025 |
17,500 |
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At 31 December 2024 |
17,500 |
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| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Directors' account |
17,497 |
|
20,122 |
|
Other creditors |
- |
|
300 |
|
|
|
|
|
|
17,497 |
|
20,422 |
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During the year, the company reviewed amounts previously credited to the directors’ accounts in respect of administrative and management costs paid by the shareholders. These amounts, totalling £3,275, were not repayable and have therefore been recognised as shareholders’ contributions in the current year. |
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| 5 |
Other information |
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33 Cranwich Road Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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33 Cranwich Road |
|
London |
|
N16 5HZ |