Cheltenham Promenade Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13904798 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHELTENHAM PROMENADE ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr O Kehoe

Mrs M Kehoe

Mr J Kehoe

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

13904798 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

278,822

295,224

Investment property

5

3,378,976

3,657,798

3,674,200

CURRENT ASSETS

Debtors

6

41,467

21,148

Cash at bank

55,205

81,435

96,672

102,583

CREDITORS

Amounts falling due within one year

7

1,597,970

1,660,247

NET CURRENT LIABILITIES

(1,501,298

)

(1,557,664

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,156,500

2,116,536

CREDITORS

Amounts falling due after more than one
year

8

1,992,619

2,048,102

NET ASSETS

163,881

68,434

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

163,781

68,334

SHAREHOLDERS' FUNDS

163,881

68,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

Mr O Kehoe - Director

1.	STATUTORY INFORMATION

Cheltenham Promenade Estates 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 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

5% on straight line

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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 3 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

328,026

DEPRECIATION

At 1 April 2024

32,802

Charge for year

16,402

At 31 March 2025

49,204

NET BOOK VALUE

At 31 March 2025

278,822

At 31 March 2024

295,224

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

3,378,976

NET BOOK VALUE

At 31 March 2025

3,378,976

At 31 March 2024

3,378,976

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

41,467

16,978

VAT

-

4,170

41,467

21,148

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

VAT

6,717

-

Other creditors

-

15,909

Amount due to related company

1,454,305

1,638,338

Directors' current accounts

130,948

-

Accrued expenses

6,000

1,597,970

1,660,247

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans (see note 9)

1,992,619

2,048,102

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,992,619

2,048,102

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,992,619

2,048,102

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

11.

RESERVES

Retained

earnings

£

At 1 April 2024

68,334

Profit for the year

95,447

At 31 March 2025

163,781

12.

CONTROL

The company is wholly owned by Realmcrest Ltd.