Company registration number 14828584 (England and Wales)
CROSSMAN (PORTLAND STREET) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
CROSSMAN (PORTLAND STREET) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CROSSMAN (PORTLAND STREET) LTD
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
1,447,850
1,447,850
Current assets
Cash at bank and in hand
739
3,110
Creditors: amounts falling due within one year
4
(1,558,200)
(1,495,340)
Net current liabilities
(1,557,461)
(1,492,230)
Net liabilities
(109,611)
(44,380)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(109,711)
(44,480)
Total equity
(109,611)
(44,380)

For the financial year ended 30 April 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 July 2025 and are signed on its behalf by:
Mr B S Hughes
Director
Company registration number 14828584 (England and Wales)
CROSSMAN (PORTLAND STREET) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Crossman (Portland Street) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1B Mile End, London Road, Bath, UK, BA1 6PT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard 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 £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.2
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
3
Investment property
2025
£
Fair value
At 1 May 2024 and 30 April 2025
1,447,850

The fair value of the investment property has been arrived at using an open market value basis by reference to market evidence of transaction prices for similar properties.

CROSSMAN (PORTLAND STREET) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
922,500
900,000
Amounts owed to group undertakings
130,930
90,930
Other creditors
504,770
504,410
1,558,200
1,495,340
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