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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MAY 2018 |
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CRESENT PROPERTIES (UK) LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MAY 2018 |
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FOR |
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CRESENT PROPERTIES (UK) LIMITED |
CRESENT PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 06264869) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st May 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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CRESENT PROPERTIES (UK) LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31st May 2018 |
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DIRECTOR: |
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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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Chartered Certified Accountants |
Grafton House |
Bulls Head Yard |
Alcester |
Warwickshire |
B49 5BX |
CRESENT PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 06264869) |
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BALANCE SHEET |
31st May 2018 |
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31.5.18 | 31.5.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Fair value reserve | 10 |
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Retained earnings | 10 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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. |
CRESENT PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 06264869) |
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BALANCE SHEET - continued |
31st May 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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CRESENT PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 06264869) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st May 2018 |
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1. | STATUTORY INFORMATION |
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Cresent Properties (UK) Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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TANGIBLE FIXED ASSETS |
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Fixtures and fittings | - |
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Computer equipment | - |
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INVESTMENT PROPERTY |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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TAXATION |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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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DEFERRED TAX |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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CRESENT PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 06264869) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st May 2018 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st June 2017 |
and 31st May 2018 |
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DEPRECIATION |
At 1st June 2017 |
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Charge for year |
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At 31st May 2018 |
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NET BOOK VALUE |
At 31st May 2018 |
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At 31st May 2017 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st June 2017 |
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Revaluations | 114,000 |
At 31st May 2018 |
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NET BOOK VALUE |
At 31st May 2018 |
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At 31st May 2017 |
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Fair value at 31st May 2018 is represented by: |
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£ |
Valuation in 2014 | 71,178 |
Valuation in 2015 | 83,756 |
Valuation in 2016 | (10,000 | ) |
Valuation in 2018 | 114,000 |
Cost | 751,066 |
1,010,000 |
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The directors have reviewed the fair value of the assets as at 31st May 2018 and increased the property values as |
detailed above. The directors do not consider the cost benefit of a formal valuation to be of material benefit to |
the company. |
CRESENT PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 06264869) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st May 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.18 | 31.5.17 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.18 | 31.5.17 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.5.18 | 31.5.17 |
£ | £ |
Other creditors |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.18 | 31.5.17 |
value: | £ | £ |
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Ordinary | 1 | 2 | 2 |
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10. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
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At 1st June 2017 |
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164,665 |
Deficit for the year | ( |
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Revaluation in year | 21,660 | 92,340 | 114,000 |
At 31st May 2018 |
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265,653 |
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11. | RELATED PARTY DISCLOSURES |
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A company also controlled by Mr J P Jones. At the year end amounts totalling £
due to Timesquare Limited. |
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12. | ULTIMATE CONTROLLING PARTY |
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In the opinion of the director, the ultimate controlling party is
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