2024-03-012025-02-282025-02-28false11930063CULDROSE PROPERTIES 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CULDROSE PROPERTIES LTD

Registered Number
11930063
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

CULDROSE PROPERTIES LTD
Company Information
for the year from 1 March 2024 to 28 February 2025

Directors

CUNNINGHAM, Ian Robert
ENRIGHT, Michael John

Registered Address

34 Acreman Street
Sherborne
DT9 3NX

Registered Number

11930063 (England and Wales)
CULDROSE PROPERTIES LTD
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets337,73845,735
Investment property41,365,5561,365,556
1,403,2941,411,291
Current assets
Debtors58301,376
Cash at bank and on hand51,59314,116
52,42315,492
Creditors amounts falling due within one year6(732,869)(727,829)
Net current assets (liabilities)(680,446)(712,337)
Total assets less current liabilities722,848698,954
Net assets722,848698,954
Capital and reserves
Called up share capital22
Revaluation reserve643,694643,694
Profit and loss account79,15255,258
Shareholders' funds722,848698,954
The financial statements were approved and authorised for issue by the Board of Directors on 28 July 2025, and are signed on its behalf by:
ENRIGHT, Michael John
Director
Registered Company No. 11930063
CULDROSE PROPERTIES LTD
Notes to the Financial Statements
for the year ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings25
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20252024
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 March 2469,44011,11580,555
At 28 February 2569,44011,11580,555
Depreciation and impairment
At 01 March 2427,9186,90234,820
Charge for year6,9441,0537,997
At 28 February 2534,8627,95542,817
Net book value
At 28 February 2534,5783,16037,738
At 29 February 2441,5224,21345,735
4.Investment property

£
Fair value at 01 March 241,365,556
At 28 February 251,365,556
5.Debtors: amounts due within one year

2025

2024

££
Prepayments and accrued income8301,376
Total8301,376
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables119810
Amounts owed to related parties721,621718,256
Taxation and social security10,2237,905
Accrued liabilities and deferred income906858
Total732,869727,829