REGISTERED NUMBER: 01803163 (England and Wales)

Cherrylynn Properties Limited

Unaudited Financial Statements

for the Year Ended 30 April 2025

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

7

Directors:

R Terrell

Mrs C Terrell

Registered office:

6 Leinsters Close

Peterborough

PE3 6JP

Business address:

6 Leinsters Close

Peterborough

Cambs

PE3 6JP

Registered number:

01803163 (England and Wales)

Accountants:

Moore Thompson

27 Market Place

Market Deeping

Peterborough

Cambridgeshire

PE6 8EA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cherrylynn Properties Limited for the year ended 30 April 2025 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cherrylynn Properties Limited, as a body, in accordance with the terms of our engagement letter dated 10 September 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Cherrylynn Properties Limited and state those matters that we have agreed to state to the Board of Directors of Cherrylynn Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cherrylynn Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cherrylynn Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cherrylynn Properties Limited. You consider that Cherrylynn Properties 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 financial statements of Cherrylynn Properties 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 financial statements.

Moore Thompson

27 Market Place

Market Deeping

Peterborough

Cambridgeshire

PE6 8EA

26 September 2025

Fixed assets

Investment property

5

641,000

627,000

Current assets

Debtors

6

1,426

1,415

Cash at bank

269,010

251,515

270,436

252,930

Creditors

Amounts falling due within one year

7

5,470

4,939

Net current assets

264,966

247,991

Total assets less current liabilities

905,966

874,991

Provisions for liabilities

(24,788

)

(6,352

)

Accruals and deferred income

(2,496

)

(3,117

)

Net assets

878,682

865,522

Capital and reserves

Called up share capital

100

100

Non-distributable reserve

8

160,588

200,117

Retained earnings

717,994

665,305

878,682

865,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mrs C Terrell - Director

1.	Statutory information

Cherrylynn Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

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.

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	Employees and directors

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

5.	Investment property

Total

£

Fair value

At 1 May 2024

627,000

Revaluations

14,000

At 30 April 2025

641,000

Net book value

At 30 April 2025

641,000

At 30 April 2024

627,000

On an ongoing annual basis, the directors have updated the valuation on the other properties.

If investment properties had not been revalued it would have been included at a historical cost of £426,883 (2024: £426,883).

Investment property was revalued in the year using market values as approved by the directors.

Fair value at 30 April 2025 is represented by:

£

Valuation in 2025

641,000

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors - rental deposit

1,296

1,296

Prepayments

130

119

1,426

1,415

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Taxation and social security

4,221

3,689

Other creditors

1,249

1,250

5,470

4,939

8.

Reserves

Non-distributable

reserve

£

At 1 May 2024

200,117

Non-distributable revaluation

(39,529

)

At 30 April 2025

160,588

Non-distributable reserves - Where financial instruments and investment properties are revalued at fair value, a transfer is made to a non-distributable reserve, instead of a transfer to retained earnings, to assist with the identification of profits available for distribution.

Profit and loss account - The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.