REGISTERED NUMBER: 02164126 (England and Wales)

CRANLEA HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C J Short

S L Day

Mrs B J Goldsmith

REGISTERED OFFICE:

Highland House

Mayflower Close

Chandlers Ford

Eastleigh

Hampshire

SO53 4AR

REGISTERED NUMBER:

02164126 (England and Wales)

ACCOUNTANTS:

Hopper Williams & Bell Limited

Chartered Accountants

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

BANKERS:

Lloyds Bank plc

92 - 94 Above Bar Street

Southampton

Hampshire

SO14 7DT

FIXED ASSETS

Tangible assets

4

38,218

50,834

Investments

5

4,414

4,414

Investment property

6

3,634,000

3,630,000

3,676,632

3,685,248

CURRENT ASSETS

Debtors

7

9,660

10,280

Cash at bank and in hand

214,206

345,443

223,866

355,723

CREDITORS

Amounts falling due within one year

8

(40,456

)

(37,669

)

NET CURRENT ASSETS

183,410

318,054

TOTAL ASSETS LESS CURRENT LIABILITIES

3,860,042

4,003,302

PROVISIONS FOR LIABILITIES

(725,508

)

(724,896

)

NET ASSETS

3,134,534

3,278,406

CAPITAL AND RESERVES

Called up share capital

342

342

Share premium

86,029

86,029

Non-

distributable reserves

2,522,292

2,523,292

Retained earnings

525,871

668,743

SHAREHOLDERS' FUNDS

3,134,534

3,278,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 10 June 2025 and were signed on its behalf by:

S L Day - Director

Mrs C J Short - Director

1.	STATUTORY INFORMATION

Cranlea Holdings 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents rents receivable and sales of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Equipment

-

15% Reducing balance

Motor vehicle

-

25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

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.

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.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, 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.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Equipment

vehicle

Totals

£

£

£

COST

At 1 October 2023

5,071

60,166

65,237

Disposals

(505

)

-

(505

)

At 30 September 2024

4,566

60,166

64,732

DEPRECIATION

At 1 October 2023

3,064

11,339

14,403

Charge for year

322

12,232

12,554

Eliminated on disposal

(443

)

-

(443

)

At 30 September 2024

2,943

23,571

26,514

NET BOOK VALUE

At 30 September 2024

1,623

36,595

38,218

At 30 September 2023

2,007

48,827

50,834

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2023

and 30 September 2024

4,414

NET BOOK VALUE

At 30 September 2024

4,414

At 30 September 2023

4,414

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

3,630,000

Additions

4,000

At 30 September 2024

3,634,000

NET BOOK VALUE

At 30 September 2024

3,634,000

At 30 September 2023

3,630,000

Fair value at 30 September 2024 is represented by:

£

Valuation in 2008

1,438,810

Valuation in 2009

99,451

Valuation in 2010

95,000

Valuation in 2011

230,000

Valuation in 2013

706,300

Valuation in 2015

283,699

Valuation in 2016

145,000

Valuation in 2019

243,330

Valuation in 2020

(289,709

)

Valuation in 2022

295,918

Cost

386,201

3,634,000

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

2024

2023

£

£

Cost

386,201

382,201

Investment property was valued on an open market basis on 30 September 2024 by the directors' of the company .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

9,660

10,280

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

863

1,184

Other creditors

39,593

36,485

40,456

37,669