Crownminster Limited - Accounts to registrar (filleted) - small 18.2

Crownminster Limited - Accounts to registrar (filleted) - small 18.2

CROWNMINSTER LIMITED - Company Information

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REGISTERED NUMBER: 01971532 (England and Wales)















CROWNMINSTER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020





DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN








CROWNMINSTER LIMITED (REGISTERED NUMBER: 01971532)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CROWNMINSTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTORS: G R Alexander
A M Alexander



SECRETARY: G R Alexander



REGISTERED OFFICE: 67 Higher Lane
Whitefield
Manchester
M45 7EZ



REGISTERED NUMBER: 01971532 (England and Wales)



ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN



BANKERS: The Royal Bank of Scotland plc
Manchester Cheetham Hill Branch
18 Bury Old Road
Greater Manchester
M8 7JN
1
CROWNMINSTER LIMITED (REGISTERED NUMBER: 01971532)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2020

2020 2019
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 - 61

CURRENT ASSETS
Cash at bank and in hand 363,747 394,824

CREDITORS
Amounts falling due within one year 5 (27,461 ) (23,466 )
NET CURRENT ASSETS 336,286 371,358
TOTAL ASSETS LESS CURRENT
LIABILITIES
336,286
371,419

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 336,284 371,417
SHAREHOLDERS' FUNDS 336,286 371,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2021 and were signed on its behalf by:





A M Alexander - Director


The notes form part of these financial statements

2
CROWNMINSTER LIMITED (REGISTERED NUMBER: 01971532)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020


1. STATUTORY INFORMATION

Crownminster Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01971532 and its registered office address is 67 Higher Lane, Whitefield, Manchester, M45 7EZ.

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.

The directors have considered the impact of the global Covid-19 pandemic on the company and recognise that the future cannot be predicted with certainty. The directors will consider and make use of any government financial assistance available during this period. The directors believe that the company is well placed to face the risks at these challenging times and therefore continues to adopt a going concern basis in preparing these financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continuously evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below:

There are no estimates or significant judgements which the directors consider critical to the financial statements.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts payable, loans from banks and other third parties and loans to related parties.

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 the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.


3 continued...
CROWNMINSTER LIMITED (REGISTERED NUMBER: 01971532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Dividends
Equity dividends are recognised when they become legally payable and are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2019
and 31 March 2020 45,448
DEPRECIATION
At 1 April 2019 45,387
Charge for year 61
At 31 March 2020 45,448
NET BOOK VALUE
At 31 March 2020 -
At 31 March 2019 61

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 14 19
Other creditors 27,447 23,447
27,461 23,466

4