Crowdventure (The Manse) Limited
Crowdventure (The Manse) Limited
Registered number: 12693367
Unaudited Financial Statements
For The Year Ended
30 June 2023
LAS Accountants LLP
Crowdventure (The Manse) Limited
Unaudited Financial Statements
For The Year Ended
30 June 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Statement of Financial Position | 1 |
| Notes to the Financial Statements | 2—3 |
Page 1
Crowdventure (The Manse) Limited
Statement of Financial Position
As At
30 June 2023
Statement of Financial Position
Registered number:
12693367
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 Income Statement.
| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
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| NET LIABILITIES |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Income Statement |
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| SHAREHOLDERS' FUNDS | (7,468) | (14,604) | |||
On behalf of the board
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Director
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The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Crowdventure (The Manse) Limited
Notes to the Financial Statements
For The Year Ended
30 June 2023
Notes to the Financial Statements
1.
General Information
Crowdventure (The Manse) Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
12693367
. The registered office is 3 Alexandra Terrace, Sherfield-On-Loddon, Hook, RG27 0BY.
2.
Accounting Policies
2.1.
Basis of Preparation of 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.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting polices adopted are set below.
2.2.
Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related 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 statement of financial position date.
2.5.
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and redeemable preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2.6.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.7.
Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the year in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure :
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
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Page 3
Crowdventure (The Manse) Limited
Notes to the Financial Statements (continued)
For The Year Ended
30 June 2023
3.
Average Number of Employees
Average number of employees, including directors, during the year was:
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| Office and administration |
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4.
Debtors
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| Due within one year | |||
| Other debtors |
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5.
Creditors: Amounts Falling Due Within One Year
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| £ | £ | ||
| Amounts owed to parent undertakings |
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| Accruals and deferred income |
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6.
Creditors: Amounts Falling Due After More Than One Year
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| £ | £ | ||
| Redeemable preference shares |
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During the year, the company redeemed 193,000 £1 redeemable A preference shares and 16,000 £1 redeemable B preference shares at par value of £1 per share. As at 30 June 2023 the company had 10,000 £1 redeemable A preference shares in issue.
7.
Share Capital
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| £ | £ | ||
| Allotted, Called up and fully paid |
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The nominal value per share is £1 and there are 100 ordinary shares in issue.
8.
Related Party Transactions
As at the year-end, the company owed Crowdlords Ltd, its' sole parent, £7,940. This amount is a current liability, interest free and repayable on demand.
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