Crownwood Estates (Wadhurst) Limited
Crownwood Estates (Wadhurst) Limited
Registered number: 07126922
Unaudited Financial Statements
For The Year Ended
31 January 2020
Crownwood Estates (Wadhurst) Limited
Unaudited Financial Statements
For The Year Ended
31 January 2020
Unaudited Financial Statements
Contents | |
Page | |
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Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Crownwood Estates (Wadhurst) Limited
Company Information
For The Year Ended
31 January 2020
Company Information
Director |
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Company Number |
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Registered Office | 5 Sterling Barns |
Knowle Lane | |
Cranleigh | |
Surrey | |
GU6 8JP | |
Accountants |
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Chartered Accountants | |
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401 Edgware Road | |
London | |
NW2 6GY | |
Page 1
Crownwood Estates (Wadhurst) Limited
Balance Sheet
As at
31 January 2020
Balance Sheet
Registered number:
07126922
For the year ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2020 | 2019 | ||||
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 3 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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NET LIABILITIES |
( |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital |
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Profit and Loss Account |
( |
( |
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SHAREHOLDERS' FUNDS | (31,041) | (30,264) | |||
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on page 3 form part of these financial statements.
Page 2
Crownwood Estates (Wadhurst) Limited
Notes to the Financial Statements
For The Year Ended
31 January 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The presentation currency of the financial statements is the Pound Sterling (£).
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1.2.
Going Concern Disclosure
At 31 January 2020, the balance sheet showed net current liabilities and a net deficit of £31,041 (2019 - £30,264). 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.
1.3.
Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.
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 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 is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in the tax assessments in periods different from those in which they are recognised in the 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.4.
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.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2019: 1)
3.
Creditors: Amounts Falling Due Within One Year
2020 | 2019 | ||
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£ | £ | ||
Accruals and deferred income |
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Amounts owed to associates |
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4.
General Information
Crownwood Estates (Wadhurst) Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
07126922
. The registered office is 5 Sterling Barns, Knowle Lane, Cranleigh, Surrey, GU6 8JP.
Page 3