Company Registration No. 09766696 (England and Wales)
Cray Avenue Properties Limited
Unaudited accounts
for the year ended 31 December 2024
Cray Avenue Properties Limited
Unaudited accounts
Contents
Cray Avenue Properties Limited
Company Information
for the year ended 31 December 2024
Directors
M C Elster
J G O'Shea
Company Number
09766696 (England and Wales)
Registered Office
3rd Floor Waverley House
7-12 Noel Street
London
W1F 8GQ
England
Accountants
Clearview Accounting Solutions Limited
1 Fir Tree Close
Hildenborough
Kent
TN11 9EQ
Cray Avenue Properties Limited
Statement of financial position
as at 31 December 2024
Investment property
3,690,000
2,725,878
Cash at bank and in hand
349,495
286,801
Creditors: amounts falling due within one year
(86,267)
(118,107)
Net current assets
263,228
168,694
Total assets less current liabilities
3,953,228
2,894,572
Creditors: amounts falling due after more than one year
-
(74,378)
Provisions for liabilities
Net assets
3,712,198
2,820,194
Called up share capital
11,000
11,000
Share premium
1,561,000
1,561,000
Fair value reserve
723,092
-
Profit and loss account
1,417,106
1,248,194
Shareholders' funds
3,712,198
2,820,194
For the year ending 31 December 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by
M C Elster
Director
Company Registration No. 09766696
Cray Avenue Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
Cray Avenue Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09766696. The registered office is 3rd Floor Waverley House, 7-12 Noel Street, London, W1F 8GQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 January 2024
2,725,878
Net gain from fair value adjustments
964,122
At 31 December 2024
3,690,000
Cray Avenue Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
33,359
Amounts owed to group undertakings and other participating interests
344
344
Taxes and social security
56,305
57,104
Deferred income
25,275
25,275
6
Creditors: amounts falling due after more than one year
2024
2023
7
Transactions with related parties
As at 31 December 2024, the company owed £344 (2023: £344) to Helegan Close Properties Limited, a company under common control.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).