CROWNLINE PROPERTY DEVELOPMENTS LIMITED 31/03/2025 iXBRL

Company registration number: 05377897

CROWNLINE PROPERTY DEVELOPMENTS LIMITED

Unaudited filleted financial statements

31 March 2025

CROWNLINE PROPERTY DEVELOPMENTS LIMITED

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

CROWNLINE PROPERTY DEVELOPMENTS LIMITED

Directors and other information


	Directors	V P S Johal
		A S Johal


	Company number	05377897


	Registered office	Unit D, Forest Business Park
		Walker Road
		Bardon, Coalville
		Leicestershire
		LE67 1TU


	Business address	84-86 Charles Street
		Leicester
		Leicestershire
		LE1 1GE


	Accountants	MKD (ACCOUNTANTS) LIMITED
		33 Cleeve
		Abbotsgate
		Tamworth
		Staffordshire
		B77 2QD




	Bankers	Natwest Bank
		Leicester, Granby Street Branch
		1 Granby Street
		Leicester
		LE1 9GT


	Solicitors	Saifee Legal Limited
		37 Beaumont Street
		Oadby
		Leicester
		LE4 2DA

CROWNLINE PROPERTY DEVELOPMENTS LIMITED

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	6	55,877		55,877
Tangible assets	7	59,094		93,022
		_______		_______
			114,971		148,899

Current assets
Stocks		7,095		17,549
Debtors	8	223,704		285,075
Cash at bank and in hand		110,202		191,580
		_______		_______
		341,001		494,204
Creditors: amounts falling due
within one year	9	( 279,060)		( 452,034)
		_______		_______
Net current assets			61,941		42,170
			_______		_______
Total assets less current liabilities			176,912		191,069

			_______		_______
Net assets			176,912		191,069
			_______		_______

Capital and reserves
Called up share capital	10		100		100
Profit and loss account			176,812		190,969
			_______		_______
Shareholders funds			176,912		191,069
			_______		_______

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.

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.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 13 November 2025 , and are signed on behalf of the board by:

V P S Johal

Director

Company registration number: 05377897

CROWNLINE PROPERTY DEVELOPMENTS LIMITED

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	100	74,538	74,638

(Loss)/profit for the year		116,431	116,431
	_______	_______	_______
Total comprehensive income for the year	-	116,431	116,431

	_______	_______	_______
At 31 March 2024 and 1 April 2024	100	190,969	191,069

(Loss)/profit for the year		( 14,157)	( 14,157)
	_______	_______	_______
Total comprehensive income for the year	-	( 14,157)	( 14,157)

	_______	_______	_______
At 31 March 2025	100	176,812	176,912
	_______	_______	_______

CROWNLINE PROPERTY DEVELOPMENTS 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 & Wales. The address of the registered office is Unit D, Forest Business Park, Walker Road, Bardon, Coalville, Leicestershire, LE67 1TU.

2. Statement of compliance

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

Turnover

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

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Fittings fixtures and equipment	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .

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 stocks to their present location and condition.

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 in finance costs 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 32 (2024: 30 ).

5. Tax on loss/profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	4,638	36,670
	_______	_______
Tax on loss/profit	4,638	36,670
	_______	_______

Reconciliation of tax expense

The tax assessed on the loss/profit for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of 19.00 % (2024: 25.00%).

	2025	2024
	£	£
(Loss)/profit before taxation	( 9,519)	153,101
	_______	_______

(Loss)/profit multiplied by rate of tax	( 1,809)	38,275
Effect of capital allowances and depreciation	6,447	( 1,605)
	_______	_______
Tax on loss/profit	4,638	36,670
	_______	_______

6. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	55,877	55,877
	_______	_______
Amortisation
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	55,877	55,877
	_______	_______
At 31 March 2024	55,877	55,877
	_______	_______

7. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	614,178	614,178
	_______	_______
Depreciation
At 1 April 2024	521,156	521,156
Charge for the year	33,928	33,928
	_______	_______
At 31 March 2025	555,084	555,084
	_______	_______
Carrying amount
At 31 March 2025	59,094	59,094
	_______	_______
At 31 March 2024	93,022	93,022
	_______	_______

8. Debtors

	2025	2024
	£	£
Trade debtors	114,787	190,565
Prepayments and accrued income	108,917	86,607
Other debtors	-	7,903
	_______	_______
	223,704	285,075
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	147,615	337,054
Accruals and deferred income	59,375	29,755
Corporation tax	4,638	36,670
Social security and other taxes	59,131	43,295
Other creditors	8,301	5,260
	_______	_______
	279,060	452,034
	_______	_______

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

11. Capital commitments

There were no capital commitments at 31 March 2025 (2024 - £0).

12. Contingent assets and liabilities

There were no contingent assets and liabilities at 31 March 2025 (2024 - £0).

13. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value
	2025	2024
	£	£
Johal Holdings Limited	615,773	510,000
	_______	_______

During the year rent & insurance of £513,144 (2024 - £425,000) were made to Johal Holdings Limited, a company which is ultimately related by the common control by the director's AJ Johal & VPS Johal.

14. Controlling party

The company and ultimate controlling party of Crownline Property Developments Limited is Johal Holdings Limited, a private company registered in Gibraltar.