Croslands Holdco Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09879159 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Croslands Holdco Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

G T Dignan

R Dignan

Mrs E Dignan

Mrs M C Dignan

Mrs I M Dignan

REGISTERED OFFICE:

65 Higher Hillgate

Stockport

Cheshire

SK1 3HD

REGISTERED NUMBER:

09879159 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

6 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Investments

4

187,965

188,565

Investment property

5

1,501,320

1,500,820

1,689,285

1,689,385

CURRENT ASSETS

Debtors

6

10,469

14,800

Cash at bank

247,062

274,063

257,531

288,863

CREDITORS

Amounts falling due within one year

7

38,748

66,396

NET CURRENT ASSETS

218,783

222,467

TOTAL ASSETS LESS CURRENT LIABILITIES

1,908,068

1,911,852

CAPITAL AND RESERVES

Called up share capital

8

1,500,000

1,500,000

Retained earnings

408,068

411,852

SHAREHOLDERS' FUNDS

1,908,068

1,911,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 July 2019 and were signed on its behalf by:

R Dignan - Director

1.	STATUTORY INFORMATION

Croslands Holdco Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 5 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

188,565

Provision against carrying value

(600

)

At 31 March 2019

187,965

NET BOOK VALUE

At 31 March 2019

187,965

At 31 March 2018

188,565

The company purchased the shares in Croslands Bredbury Ltd on 19 January 2016 for £1,500,000.

A provision against carrying value of £1,311,435 was made in the accounts for the year ending 31

March 2018, and a further provision of £600 has been made in this years accounts.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

1,500,820

Additions

500

At 31 March 2019

1,501,320

NET BOOK VALUE

At 31 March 2019

1,501,320

At 31 March 2018

1,500,820

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Prepayments

10,469

14,800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

33

487

Amounts owed to associates

11,333

9,999

Corporation tax

-

34,213

Social security and other taxes

6,281

-

Tenants bond account

17,989

17,967

Accrued expenses

3,112

3,730

38,748

66,396

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

1,500,000

Ordinary shares

£1

1,500,000

1,500,000

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors.