Crownwood Estates (East Grinstead) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06694009 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2019

for

Crownwood Estates (East Grinstead)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Roots

SECRETARY:

F V Roots

REGISTERED OFFICE:

5 Sterling Barns

Knowle Lane

Cranleigh

Surrey

GU6 8JP

REGISTERED NUMBER:

06694009 (England and Wales)

ACCOUNTANTS:

CAAS

Chartered Accountants

Suite 203, 2nd Floor

China House

401 Edgware Road

London

NW2 6GY

CURRENT ASSETS

Stocks

-

26,096

Debtors

4

-

4,757

Cash at bank

17,141

2,312

17,141

33,165

CREDITORS

Amounts falling due within one year

5

52,734

67,782

NET CURRENT LIABILITIES

(35,593

)

(34,617

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(35,593

)

(34,617

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(35,595

)

(34,619

)

SHAREHOLDERS' FUNDS

(35,593

)

(34,617

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 September 2019 and were signed by:

S Roots - Director

1.	STATUTORY INFORMATION

Crownwood Estates (East Grinstead) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost

convention, and in accordance with the accounting policies set out below.

Going concern

At 28 February 2019, the balance sheet showed net current liabilities and a net deficit of £35,593 (2018:

£34,617). The director has given an undertaking to financially support the company for at least 12 months from

the date of signature on the balance sheet. The situation will be reviewed after this time. On this basis, the

director considers it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover is the amount derived from ordinary activities and stated after trade discounts, other sales taxes and net

of value added tax. The revenue is recognised on the date of completion of sale.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads in the

development of Dunning Mills Sports Club, Dunnings Road, East Grinstead, East Sussex.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

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.

Provisions and accruals

Provisions are recognised when there is a present legal or constructive obligation as a result of past events and

the amount can be reliably estimated. Provisions are not recognised for future operating losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Amounts due from related undertakings

-

4,757

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Amounts due to related undertakings

4,900

4,900

Other creditors

37,234

37,234

Directors' loan accounts

-

15,048

Accrued expenses

10,600

10,600

52,734

67,782