Crest Manor Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07871033 (England and Wales)

Financial Statements for the Year Ended 31 October 2021

for

CREST MANOR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs M E Ikedife

REGISTERED OFFICE:

94 Monteagle Way

London

E5 8JF

REGISTERED NUMBER:

07871033 (England and Wales)

ACCOUNTANTS:

Samuelsons & Co

Chartered Certified Accountants

The Brentano Suite

Solar House

915 High Road

North Finchley

London

N12 8QJ

FIXED ASSETS

Tangible assets

4

90,881

83,001

CURRENT ASSETS

Debtors

5

52,500

45,463

Cash at bank

304

19,135

52,804

64,598

CREDITORS

Amounts falling due within one year

6

90,774

101,028

NET CURRENT LIABILITIES

(37,970

)

(36,430

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

52,911

46,571

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

8

52,811

46,471

SHAREHOLDERS' FUNDS

52,911

46,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 17 August 2022 and were signed by:

Mrs M E Ikedife - Director

1.	STATUTORY INFORMATION

Crest Manor 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Computer

& furnishings

equipment

Totals

£

COST

At 1 November 2020

81,456

5,838

87,294

Additions

12,725

-

12,725

At 31 October 2021

94,181

5,838

100,019

DEPRECIATION

At 1 November 2020

-

4,293

Charge for year

4,072

773

4,845

At 31 October 2021

4,072

5,066

9,138

NET BOOK VALUE

At 31 October 2021

90,109

772

90,881

At 31 October 2020

81,456

1,545

83,001

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

Trade debtors

52,500

-

Other debtors

-

21,855

Funding

circle loan reserve

-

19,608

Prepayments

-

4,000

52,500

45,463

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

Bank loans and overdrafts

50,000

Amounts owed to group undertakings

36,812

48,830

Directors' current accounts

362

398

Accrued expenses

3,600

1,800

90,774

101,028

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.21

31.10.20

value:

£

100

Ordinary

£1

100

8.

RESERVES

Retained

earnings

£

At 1 November 2020

46,471

Profit for the year

6,340

At 31 October 2021

52,811

Crest Manor Limited - Accounts to registrar (filleted) - small 18.2

Crest Manor Limited - Accounts to registrar (filleted) - small 18.2