Crossmill Securities Limited - Accounts to registrar (filleted) - small 22.3

Crossmill Securities Limited - Accounts to registrar (filleted) - small 22.3

CROSSMILL SECURITIES LIMITED - Company Information

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REGISTERED NUMBER: 01053541 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

FOR

CROSSMILL SECURITIES LIMITED
CROSSMILL SECURITIES LIMITED (REGISTERED NUMBER: 01053541)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

CROSSMILL SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2022







DIRECTORS: J Phillips
P A M Phillips
S A M Phillips





SECRETARY: P A M Phillips





REGISTERED OFFICE: 1 Brampton Lane
HENDON
London
NW4 4AB





REGISTERED NUMBER: 01053541 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH
Page 1
CROSSMILL SECURITIES LIMITED (REGISTERED NUMBER: 01053541)

BALANCE SHEET
30 JUNE 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 500 500

CURRENT ASSETS
Stocks 5 642,120 664,681
Debtors 6 1,047,286 1,047,691
Cash at bank 178,153 50,481
1,867,559 1,762,853
CREDITORS
Amounts falling due within one year 7 474,818 439,129
NET CURRENT ASSETS 1,392,741 1,323,724
TOTAL ASSETS LESS CURRENT LIABILITIES 1,393,241 1,324,224

CAPITAL AND RESERVES
Called up share capital 15,550 15,550
Share premium 549,450 549,450
Retained earnings 828,241 759,224
SHAREHOLDERS' FUNDS 1,393,241 1,324,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2023 and were signed on its behalf by:





P A M Phillips - Director


The notes form part of these financial statements

Page 2
CROSSMILL SECURITIES LIMITED (REGISTERED NUMBER: 01053541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022


1. STATUTORY INFORMATION

Crossmill Securities 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Fixed assets investments
Fixed assets investments are stated at cost less provision for diminution in value.

Purchases and sales of properties
Purchases and sales of properties are included on completion.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Page 3 continued...
CROSSMILL SECURITIES LIMITED (REGISTERED NUMBER: 01053541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2021
and 30 June 2022 555,000
PROVISIONS
At 1 July 2021
and 30 June 2022 554,500
NET BOOK VALUE
At 30 June 2022 500
At 30 June 2021 500

5. STOCKS
2022 2021
£    £   
Stock of properties 642,120 664,681

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 15,233 10,891
Amounts owed by related
undertakings 1,032,053 1,036,800
1,047,286 1,047,691

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 500 500
Tax 23,226 9,740
Other creditors 22,750 2,750
Amounts due to related
undertakings 406,778 401,278
Accruals and deferred income 21,564 24,861
474,818 439,129

8. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £500 (2021: £500) due to A. F. Heath & Co. (Builders) Limited, a wholly owned subsidiary. Also included in creditors is an amount of £376,278 (2021: £376,278) due to P.P. Investments Limited and £30,500 (2021: £25,000) due to Philip Phillips & Co limited.

Included in debtors is an amount of £975,306 (2021: £980,053) due from Management Investments Limited. Also included in debtors is an amount of £56,747 (2021: £56,747)due from Kirphil Properties Ltd

The directors of the company have material interests in the above companies.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CROSSMILL SECURITIES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crossmill Securities Limited for the year ended 30 June 2022 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Crossmill Securities Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crossmill Securities Limited and state those matters that we have agreed to state to the Board of Directors of Crossmill Securities Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crossmill Securities Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Crossmill Securities Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crossmill Securities Limited. You consider that Crossmill Securities Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Crossmill Securities Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


27 March 2023

This page does not form part of the statutory financial statements

Page 5