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Registered number: 10593177
A & D Crane Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 10593177
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,661 41,544
Investment Properties 5 6,628,358 5,936,095
6,673,019 5,977,639
CURRENT ASSETS
Debtors 6 526,539 203,719
Cash at bank and in hand 213,018 30,178
739,557 233,897
Creditors: Amounts Falling Due Within One Year 7 (171,836 ) (76,707 )
NET CURRENT ASSETS (LIABILITIES) 567,721 157,190
TOTAL ASSETS LESS CURRENT LIABILITIES 7,240,740 6,134,829
Creditors: Amounts Falling Due After More Than One Year 8 (2,653,691 ) (1,496,368 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (243,381 ) (240,901 )
NET ASSETS 4,343,668 4,397,560
CAPITAL AND RESERVES
Called up share capital 10 99 99
Revaluation reserve 12 3,474,674 3,474,674
Income Statement 868,895 922,787
SHAREHOLDERS' FUNDS 4,343,668 4,397,560
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
D R Crane
Director
21/07/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A & D Crane Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10593177 . The registered office is 1 Dukes Passage, Brighton, East Sussex, BN1 1BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 16,291 36,743 10,672 3,560 67,266
Additions - 41,500 - 2,815 44,315
Disposals - (36,743 ) - - (36,743 )
As at 31 March 2025 16,291 41,500 10,672 6,375 74,838
Depreciation
As at 1 April 2024 8,882 9,304 5,714 1,822 25,722
Provided during the period 1,482 10,375 992 910 13,759
Disposals - (9,304 ) - - (9,304 )
As at 31 March 2025 10,364 10,375 6,706 2,732 30,177
Net Book Value
As at 31 March 2025 5,927 31,125 3,966 3,643 44,661
As at 1 April 2024 7,409 27,439 4,958 1,738 41,544
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Page 5
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 5,936,095
Additions 692,263
As at 31 March 2025 6,628,358
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 5,343,873 4,651,610
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 577 -
Prepayments and accrued income - 1,920
Directors' loan accounts 393,243 150,878
393,820 152,798
Due after more than one year
Corporation tax recoverable assets 132,719 50,921
526,539 203,719
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,050 -
Trade creditors 676 2,085
Corporation tax 137,162 51,781
Other creditors 3,000 1,463
Accruals and deferred income 24,947 16,173
Directors' loan accounts 3,001 5,205
171,836 76,707
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,404 -
Bank loans 2,644,287 1,496,368
2,653,691 1,496,368
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,050 -
Later than one year and not later than five years 9,404 -
12,454 -
12,454 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 99 99
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Angela Crane - 393,243 - - 393,243
Mr Darren Crane 150,878 - (150,878 ) - -
The above loans are unsecured, repayable on demand with interest charged at 2.25% pa.
12. Reserves
Revaluation Reserve
£
As at 1 April 2024 3,474,674
As at 31 March 2025 3,474,674
13. Related Party Transactions
Mr D R Crane sold an asset for £692,263 at market value during the year to the company.
14. Ultimate Controlling Party
The company's controlling party is A &  D Crane Properties Holdings Limited by virtue of ownership of 100% of the issued share capital in the company.
The ultimate controlling party is Mr D R Crane.
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