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REGISTERED NUMBER: 03299740 (England and Wales)











Kingscrown Properties Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025






Kingscrown Properties Limited (Registered number: 03299740)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Kingscrown Properties Limited

Company Information
for the Year Ended 31 January 2025







Directors: Mr B S Pollock
Mr D S Pollock





Secretary: Mrs L Sharples





Registered office: Suites 11 - 16 Prudential Buildings
61 St Petersgate
Stockport
Cheshire
SK1 1DH





Registered number: 03299740 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Kingscrown Properties Limited (Registered number: 03299740)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £   
Fixed assets
Investments 4 28 34
Investment property 5 7,106,000 8,571,000
7,106,028 8,571,034

Current assets
Debtors 6 6,043,470 5,688,619
Cash at bank and in hand 130,340 101,508
6,173,810 5,790,127
Creditors
Amounts falling due within one year 7 (862,234 ) (1,063,210 )
Net current assets 5,311,576 4,726,917
Total assets less current liabilities 12,417,604 13,297,951

Creditors
Amounts falling due after more than one
year

8

(3,288,494

)

(4,186,123

)

Provisions for liabilities 10 (324,407 ) (353,933 )
Net assets 8,804,703 8,757,895

Kingscrown Properties Limited (Registered number: 03299740)

Balance Sheet - continued
31 January 2025

31.1.25 31.1.24
Notes £    £   
Capital and reserves
Called up share capital 2 2
Fair value reserve 11 2,024,458 2,278,588
Retained earnings 6,780,243 6,479,305
8,804,703 8,757,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 24 April 2025 and were signed on its behalf by:





Mr B S Pollock - Director


Kingscrown Properties Limited (Registered number: 03299740)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. Statutory information

Kingscrown Properties 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Kingscrown Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the
amounts invoiced during the period.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

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.


Kingscrown Properties Limited (Registered number: 03299740)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. Accounting policies - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2024 - 5 ) .

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 February 2024 34
Disposals (6 )
At 31 January 2025 28
Net book value
At 31 January 2025 28
At 31 January 2024 34

Kingscrown Properties Limited (Registered number: 03299740)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. Fixed asset investments - continued

The company holds 100% of the issued ordinary share capital of the following companies:

Royal View Court Management Company Limited
19 Posting House Limited
12 Posting House Limited
Kingscrown Developments Limited
103 Chapel House Limited
17 Posting House Limited
18 Posting House Limited
24 Posting House Limited
28 Posting House Limited
8 Posting House Limited
McCartney Suite Limited
Harrison Suite Limited
Starr Suite Limited
Lennon Suite Limited
22 Posting House Limited
27 Posting House Limited
Vulcan Mill (Apartments) Limited
Vulcan Mill (Freehold) Limited
32 Posting House Limited
19 Posting House Limited

5. Investment property
Total
£   
Fair value
At 1 February 2024 8,571,000
Disposals (1,520,000 )
Valuation changes 55,000
At 31 January 2025 7,106,000
Net book value
At 31 January 2025 7,106,000
At 31 January 2024 8,571,000

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2025 7,106,000

Kingscrown Properties Limited (Registered number: 03299740)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. Investment property - continued

If investment property had not been revalued they would have been included at the following historical cost:

31.1.25 31.1.24
£    £   
Cost 4,757,115 5,943,801

Investment property was valued on an open market basis on 31 January 2025 by the directors .

6. Debtors: amounts falling due within one year
31.1.25 31.1.24
£    £   
Amounts owed by group undertakings 273,565 144,766
Other debtors 5,769,905 5,543,853
6,043,470 5,688,619

7. Creditors: amounts falling due within one year
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 194,234 399,847
Trade creditors 10,958 26,793
Amounts owed to group undertakings 17,292 49,566
Taxation and social security 20,352 21,935
Other creditors 619,398 565,069
862,234 1,063,210

8. Creditors: amounts falling due after more than one year
31.1.25 31.1.24
£    £   
Bank loans 3,288,494 4,186,123

9. Secured debts

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank loans 3,482,728 4,585,968

Kingscrown Properties Limited (Registered number: 03299740)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

10. Provisions for liabilities
31.1.25 31.1.24
£    £   
Deferred tax 324,407 353,933

Deferred
tax
£   
Balance at 1 February 2024 353,933
Credit to Income statement during year (29,526 )
Balance at 31 January 2025 324,407

11. Reserves
Fair
value
reserve
£   
At 1 February 2024 2,278,588
From retained earnings (254,130 )

At 31 January 2025 2,024,458