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REGISTERED NUMBER: 10401890 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2024

for

Crossley Property Investments Limited

Crossley Property Investments Limited (Registered number: 10401890)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Crossley Property Investments Limited

Company Information
for the Year Ended 31st December 2024







DIRECTORS: Mrs D L Crossley
G Crossley





REGISTERED OFFICE: 127 Coxtie Green Road
Pilgrims Hatch
Brentwood
Essex
CM14 5PT





REGISTERED NUMBER: 10401890 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA

Crossley Property Investments Limited (Registered number: 10401890)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,583 7,170
Investment property 5 510,000 575,000
513,583 582,170

CURRENT ASSETS
Debtors 6 1,693 1,734
Cash at bank 11,858 4,682
13,551 6,416
CREDITORS
Amounts falling due within one year 7 60,371 59,664
NET CURRENT LIABILITIES (46,820 ) (53,248 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,763

528,922

CREDITORS
Amounts falling due after more than one
year

8

(351,855

)

(351,869

)

PROVISIONS FOR LIABILITIES (2,472 ) (19,619 )
NET ASSETS 112,436 157,434

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 4,728 53,478
Retained earnings 107,706 103,954
112,436 157,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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.

Crossley Property Investments Limited (Registered number: 10401890)

Balance Sheet - continued
31st December 2024


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 12th May 2025 and were signed on its behalf by:





Mrs D L Crossley - Director


Crossley Property Investments Limited (Registered number: 10401890)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Crossley Property Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Turnover represents rental income and commissions receivable during the year.

Tangible fixed assets
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 cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

Crossley Property Investments Limited (Registered number: 10401890)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024
and 31st December 2024 14,344
DEPRECIATION
At 1st January 2024 7,174
Charge for year 3,587
At 31st December 2024 10,761
NET BOOK VALUE
At 31st December 2024 3,583
At 31st December 2023 7,170

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024 575,000
Revaluations (65,000 )
At 31st December 2024 510,000
NET BOOK VALUE
At 31st December 2024 510,000
At 31st December 2023 575,000

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2024 6,304
Cost 503,696
510,000

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

31.12.24 31.12.23
£    £   
Cost 503,696 503,696

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Prepayments 1,693 1,734

Crossley Property Investments Limited (Registered number: 10401890)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 1,511 1,132
Other creditors 56,299 56,299
Directors' loan accounts 369 369
Accruals and deferred income 2,192 1,864
60,371 59,664

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loan 351,855 351,869

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 351,855 351,869

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 351,855 351,869

The company's bank loans are secured by a fixed charge over the company's assets and by personal guarantees given by the directors, Mr and Mrs Crossley.

10. RESERVES
Fair
value
reserve
£   
At 1st January 2024 53,478
Fair value revaluation (48,750 )

At 31st December 2024 4,728

11. RELATED PARTY DISCLOSURES

Crossley Financial Solutions Limited

During the year, Crossley Financial Solutions Limited, a company controlled by Mrs D L Crossley, continued to make an interest-free loan to the company. The balance owed by the company to Crossley Financial Solutions Limited at 31st December 2024 amounted to £56,299 (2023: £56,299).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Crossley Property Investments 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 Crossley Property Investments Limited for the year ended 31st December 2024 which comprise the Income Statement, 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 Crossley Property Investments 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 Crossley Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of Crossley Property Investments 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 Crossley Property Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Crossley Property Investments 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 Crossley Property Investments Limited. You consider that Crossley Property Investments 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 Crossley Property Investments 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.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


13th May 2025