REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2022 |
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FOR |
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CROWN CLOSE FREEHOLD LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2022 |
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FOR |
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CROWN CLOSE FREEHOLD LIMITED |
CROWN CLOSE FREEHOLD LIMITED (REGISTERED NUMBER: 05718233) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CROWN CLOSE FREEHOLD LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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28 Southway |
Carshalton Beeches |
Surrey |
SM5 4HW |
CROWN CLOSE FREEHOLD LIMITED (REGISTERED NUMBER: 05718233) |
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BALANCE SHEET |
31 DECEMBER 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Share premium | 7 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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CROWN CLOSE FREEHOLD LIMITED (REGISTERED NUMBER: 05718233) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
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1. | STATUTORY INFORMATION |
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Crown Close Freehold Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
The turnover of the company arises from the ground rents payable on 1 January and 1 July each year by the owners of flats at Crown Close, Winkfield Road, London N22 5HG. |
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Tangible fixed assets |
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Freehold land | - |
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The fixed asset comprises the freehold title to the land at Crown Close, Winkfield Road, London N22 5HG. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Debtors |
Short term debtors are measured at the transaction price, less any impairment. |
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Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
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Creditors |
Short-term creditors are measured at the transaction price. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
CROWN CLOSE FREEHOLD LIMITED (REGISTERED NUMBER: 05718233) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2022 |
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4. | TANGIBLE FIXED ASSETS |
Freehold |
land |
£ |
COST |
At 1 January 2022 |
and 31 December 2022 |
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NET BOOK VALUE |
At 31 December 2022 |
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At 31 December 2021 |
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The freehold land comprises the freehold of the land at Crown Close, Winkfield Road, London, N22 5HG, purchased on 30 June 2008. |
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£ |
Freehold purchase | 107,500 |
Legal fees of purchase | 8,310 |
115,810 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Taxation and social security |
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Other creditors |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary | 1 | 86 | 86 |
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7. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 1 January 2022 |
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109,994 |
Profit for the year |
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- |
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Dividends | ( |
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At 31 December 2022 |
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109,994 |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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During the year the company paid dividends to the following directors who are also shareholders: Mr B Danson: £1,591; Mr S Mourad £1,990; Mrs R Price: £795; Dr N Oswal: £133. |
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9. | ULTIMATE CONTROLLING PARTY |
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There is no ultimate controlling party as the shares are owned by 48 shareholders and the shareholding of the largest shareholder is 17.4%. |