| Cross Stone Regeneration (Brooks Road) Limited |
| Registered number: |
09432849 |
| Abridged Balance Sheet |
| as at 31 March 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Current assets |
| Debtors |
|
|
768,222 |
|
|
796,287 |
|
| Creditors: amounts falling due within one year |
|
|
- |
|
|
(28,065) |
|
| Net current assets |
|
|
|
768,222 |
|
|
768,222 |
|
| Net assets |
|
|
|
768,222 |
|
|
768,222 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
768,220 |
|
|
768,220 |
|
| Shareholders' funds |
|
|
|
768,222 |
|
|
768,222 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
| The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
|
|
|
|
| C.R.F.Barbour |
| Director |
| Approved by the board on 2 December 2022 |
|
| Cross Stone Regeneration (Brooks Road) Limited |
| Notes to the Abridged Accounts |
| for the year ended 31 March 2022 |
|
|
| 1 |
Accounting policies |
|
|
Summary of significant accounting policies and key accounting estimates |
|
The principal accounting policies applied in the preparation of these accounts are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. |
|
|
Statement of compliance |
|
The abridged accounts have been prepared under the historical cost convention, in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006. |
|
|
Turnover |
|
Turnover represents the fair value received and receivable in respect of the sale of residential housing, commerical units and land, recognised on the transfer of control to the purchaser on legal completion. |
|
|
Stocks |
|
Properties in stock are stated at the lower of cost and net realisable value. Cost is calculated as the purchase price and legal expenses, together with attributable development costs. Net realisable value being the estimated selling price less all further costs to complete and sell. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. |
|
|
Debtors |
|
Financial assets, other than investments and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment such as from bad or doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
|
|
Taxation |
|
The tax expense or credit for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current tax charge or credit is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates taxable income.
Deferred tax arises on all temporary timing differences that have originated but not reversed at the balance sheet date, between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the calculation of taxable profit. Deferred tax is calculated using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax liabilities are recognised in full using the balance sheet liability method. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which deductible temporary differences can be utilised. Deferred tax is credited or charged in the Statement of Income and Retained Earnings as appropriate. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Controlling party |
|
|
The company is under the control of Atelier (Lewes) Limited, a company registered in England and Wales. |
|
|
| 4 |
Other information |
|
|
Cross Stone Regeneration (Brooks Road) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Old Mill |
|
The Warren |
|
Crowborough |
|
TN6 1UB |
