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REGISTERED NUMBER: 09213918 (England and Wales)








CINNABAR PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






CINNABAR PROPERTY LIMITED (REGISTERED NUMBER: 09213918)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CINNABAR PROPERTY LIMITED

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTORS: Mr P K Rooke
Mrs P Rooke
Mr S T P Rooke





REGISTERED OFFICE: Flat 50
Cinnabar Wharf Central
24 Wapping High Road
London
E1W 1NQ





REGISTERED NUMBER: 09213918 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

CINNABAR PROPERTY LIMITED (REGISTERED NUMBER: 09213918)

BALANCE SHEET
31 March 2025

2025 2024
Notes £ £
FIXED ASSETS
Tangible assets 5 1,579 1,901
Investment property 6 4,650,787 5,779,093
4,652,366 5,780,994

CURRENT ASSETS
Debtors 7 51,880 20,208
Cash at bank 99,680 227,426
151,560 247,634
CREDITORS
Amounts falling due within one year 8 (3,511,081 ) (3,865,329 )
NET CURRENT LIABILITIES (3,359,521 ) (3,617,695 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,292,845 2,163,299

CREDITORS
Amounts falling due after more than one year 9 (1,041,563 ) (1,348,666 )

PROVISIONS FOR LIABILITIES (420 ) -
NET ASSETS 250,862 814,633

CAPITAL AND RESERVES
Called up share capital 102 102
Non distributable reserve 12 - 29,547
Retained earnings 250,760 784,984
SHAREHOLDERS' FUNDS 250,862 814,633

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

CINNABAR PROPERTY LIMITED (REGISTERED NUMBER: 09213918)

BALANCE SHEET - continued
31 March 2025


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 2 May 2025 and were signed on its behalf by:




Mr P K Rooke - Director



Mrs P Rooke - Director


CINNABAR PROPERTY LIMITED (REGISTERED NUMBER: 09213918)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025


1. STATUTORY INFORMATION

Cinnabar Property Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
Unless indicated otherwise in the accounting policies below, the financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The directors have made key assumptions in the determination of the fair value of the investment properties.

Turnover
Turnover represents the rental income receivable, excluding value added tax.

Rent free periods or other incentives received for entering into a lease are accounted for over the period of the lease so as to spread the benefits received over the lease term.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates on order to write off each asset over its estimated useful life.

Plant and machinery etc - 20% and 33.3% straight line

On disposal, the difference between net proceeds and the carrying amount of item sold is recognised in the profit and loss account and is included in administrative expenses.

Investment property
Investment property is initially measured at cost, including transaction costs. Subsequently investment property is shown at the most recent valuation, being the fair value of the property. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account and is subsequently transferred to non-distributable reserves on the balance sheet.

Where a deficit arising is in excess of a previously recognised surplus, the change in fair value is only transferred to non-distributable reserves so far as to match previous upwards valuations.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

All financial assets and liabilities are initially measured at the transaction price (including transaction cost), and with the exception of investment property the company has no financial assets classified at fair value through profit or loss.

All subsequent remeasurement of financial assets and liabilities are recognised at amortised cost.


CINNABAR PROPERTY LIMITED (REGISTERED NUMBER: 09213918)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


3. ACCOUNTING POLICIES - continued
Taxation
Current tax is the amount of corporation tax payable in respect of the taxable profit for the period or prior periods. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

Operating lease - lessor accounting
Investment properties are held for use in operating leases. Rent receivable under operating leases are charged to income on a straight line basis over the lease term.

The cost of rent free periods granted as incentives to lessees is spread over the lease term.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2024 12,637
Additions 1,056
Disposals (682 )
At 31 March 2025 13,011
DEPRECIATION
At 1 April 2024 10,736
Charge for year 1,378
Eliminated on disposal (682 )
At 31 March 2025 11,432
NET BOOK VALUE
At 31 March 2025 1,579
At 31 March 2024 1,901

CINNABAR PROPERTY LIMITED (REGISTERED NUMBER: 09213918)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2024 5,779,093
Disposals (410,000 )
Change in fair value (718,306 )
At 31 March 2025 4,650,787
NET BOOK VALUE
At 31 March 2025 4,650,787
At 31 March 2024 5,779,093

Freehold investment property was valued on an open market basis on 31 March 2025 by the directors. Open market value is considered to be equal to the property's fair value. The properties are included at directors valuation based on a mixture of informal valuations by property agents, local market knowledge or formal valuations completed by Chartered Surveyors in previous years.

The company has granted a fixed charge over three of the investment properties with a combined carrying value of £2,235,000 as security for the bank loan.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 1,671 -
Other debtors 50,209 20,208
51,880 20,208

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans 25,000 25,000
Trade creditors 3,057 6,155
Taxation and social security 62,063 65,444
Other creditors 3,420,961 3,768,730
3,511,081 3,865,329

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£ £
Bank loans 43,750 293,750
Other creditors 997,813 1,054,916
1,041,563 1,348,666

Other creditors relates to loan notes which are redeemable by 2036.

CINNABAR PROPERTY LIMITED (REGISTERED NUMBER: 09213918)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


10. LEASING AGREEMENTS

The company has a number of operating leases relating to its investment property.

The minimum rent receivable under non-cancellable operating leases are as follows:

2025 2024
£ £

Within one year 155,514 156,332
Between one and five years 775,733 885,875
In more than five years 370,230 257,071
1,301,478 1,625,274

11. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£ £
Bank loans 68,750 318,750

The bank loans are secured by way of a fixed charge over three of the investment properties.

12. RESERVES



Non
distributable
reserves
£
Balance at 1 April 202429,547
Sale of property28,941
Release of deferred tax on property sold(7,669)
Transfer - change in fair value(52,288)
Transfer - deferred tax on change in fair value1,469
At 31 March 2025-

Non-distributable reserves in the prior year comprised the fair value movement in investment property value and the associated deferred tax on the change in fair value. There is a net deficit arising from changes in fair value this year and the net deficit is included within retained earnings.

13. RELATED PARTY DISCLOSURES

Included within other creditors is £3,362,183 (2024: £3,717,372) owed to the directors and other related parties to the directors. The loan is interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CINNABAR PROPERTY 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 Cinnabar Property Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity 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 Cinnabar Property 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 Cinnabar Property Limited and state those matters that we have agreed to state to the Board of Directors of Cinnabar Property 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 Cinnabar Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cinnabar Property 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 loss of Cinnabar Property Limited. You consider that Cinnabar Property 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 Cinnabar Property 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.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


2 May 2025