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Company Registration No. 10474539 (England and Wales)
CROMWELL PROPERTY GROUP LIMITED Unaudited accounts for the year ended 28 February 2025
CROMWELL PROPERTY GROUP LIMITED Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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CROMWELL PROPERTY GROUP LIMITED Company Information for the year ended 28 February 2025
Director
Johan Andrew Logathasan
Company Number
10474539 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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CROMWELL PROPERTY GROUP LIMITED Accountants' report
Accountants' report to the director of CROMWELL PROPERTY GROUP LIMITED on the preparation of the unaudited statutory accounts for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CROMWELL PROPERTY GROUP LIMITED for the year ended 28 February 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CROMWELL PROPERTY GROUP LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CROMWELL PROPERTY GROUP LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CROMWELL PROPERTY GROUP LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CROMWELL PROPERTY GROUP LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of CROMWELL PROPERTY GROUP LIMITED. You consider that CROMWELL PROPERTY GROUP LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CROMWELL PROPERTY GROUP LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 30 July 2025
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CROMWELL PROPERTY GROUP LIMITED Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,115 
7,295 
Investment property
5
195,885 
182,705 
200,000 
190,000 
Current assets
Debtors
6
1,500 
1,500 
Cash at bank and in hand
368 
1,915 
1,868 
3,415 
Creditors: amounts falling due within one year
7
(196,530)
(182,553)
Net current liabilities
(194,662)
(179,138)
Total assets less current liabilities
5,338 
10,862 
Creditors: amounts falling due after more than one year
8
(85,105)
(85,105)
Net liabilities
(79,767)
(74,243)
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
(40,386)
(41,097)
Profit and loss account
(39,391)
(33,156)
Shareholders' funds
(79,767)
(74,243)
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 22 September 2025 and were signed on its behalf by
Johan Andrew Logathasan Director Company Registration No. 10474539
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CROMWELL PROPERTY GROUP LIMITED Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
CROMWELL PROPERTY GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10474539. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Investment property
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.
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CROMWELL PROPERTY GROUP LIMITED Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2024
11,225 
1,619 
12,844 
Additions
1,278 
369 
1,647 
At 28 February 2025
12,503 
1,988 
14,491 
Depreciation
At 1 March 2024
3,930 
1,619 
5,549 
Charge for the year
4,458 
369 
4,827 
At 28 February 2025
8,388 
1,988 
10,376 
Net book value
At 28 February 2025
4,115 
- 
4,115 
At 29 February 2024
7,295 
- 
7,295 
5
Investment property
2025 
£ 
Fair value at 1 March 2024
182,705 
Additions
12,469 
Net gain from fair value adjustments
711 
At 28 February 2025
195,885 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
1,500 
1,500 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Other creditors
67,284 
67,784 
Loans from directors
127,446 
113,509 
Accruals
1,800 
1,260 
196,530 
182,553 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
85,105 
85,105 
Aggregate of amounts that fall due for payment after five years
85,105 
85,105 
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
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CROMWELL PROPERTY GROUP LIMITED Notes to the Accounts for the year ended 28 February 2025
9
Transactions with related parties
Included in short-term liabilities is a loan of £65.784 (2024 - £65.784) from a related company. The loan is interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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