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

Cricklade Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is Environment House, 1 St. Marks Street, Nottingham, NG3 1DE.

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. The principal accounting policies adopted are set out below.

These financial statements are prepared on the going concern basis. The company relies on support from the wider group, in the form of loans. The group has no current intention to withdraw this support or demand repayment on the loans. However, without a guarantee this support will remain in place for at least the next 12 months, there remains a material uncertainty as to whether, without this support, all liabilities will be met as they fall due for at least 12 months from the signing of these accounts.true

Turnover represents rent receivable.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Freehold land is not depreciated as residual values are expected to exceed cost.

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

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

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

The company has taken advantage of the exemption available under section 1AC.35 of FRS 102, from disclosing transactions entered into between two or more wholly owned members of the group.

Included in other creditors is £Nil (2023 - £1,856,250) due to Fieldbonds Limited, £674,625 (2023 - £618,750) due to Expatriate Advisory Services Limited and £Nil (2023 - £7,500) due to Purico Limited all are related parties. During the year, Expatriate Advisory Services Limited charged loan interest of £55,875 (2023 - £Nil) to the company. These companies are all considered to be related parties due to their common directors.

The immediate parent company is Purico Hotels Limited, by virtue of the 75% shareholding of the company.

On 6 February 2024, 100% of the share capital of the immediate parent company, Purico Hotels Limited, was transferred from Fieldbonds Limited to Purico Group Limited. Purico Group Limited is a company controlled by Clary Limited.

The ultimate parent company is Clary Limited, a company incorporated in the Isle of Man. Clary Limited is not required to prepare consolidated financial statements. As such, Purico Group Limited, a company incorporated in England and Wales and wholly owned by Clary Limited prepares consolidated financial statements which are available from Environment House, 1 St. Marks Street, Nottingham, United Kingdom, NG3 1DE.