REGISTERED NUMBER: 11795104 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Crimson Gate Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1

244

Investment property

5

250,000

715,000

250,001

715,244

CURRENT ASSETS

Debtors

6

-

250

Cash at bank

3,495

119

3,495

369

CREDITORS

Amounts falling due within one year

7

148,413

523,110

NET CURRENT LIABILITIES

(144,918

)

(522,741

)

TOTAL ASSETS LESS CURRENT LIABILITIES

105,083

192,503

CAPITAL AND RESERVES

Called up share capital

200

200

Fair value reserve

8

37,997

134,835

Retained earnings

66,886

57,468

105,083

192,503

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 30 September 2025 and were signed on its behalf by:

L J Williams - Director

1.	STATUTORY INFORMATION

Crimson Gate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11795104

Registered office:

First Floor Cef Building

Broomhill Way

Torquay

Devon

TQ2 7QN

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 as modified by the revaluation of certain assets.

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 etc

-

50% on cost

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.

Financial instruments

The company holds the following financial instruments:

- Short term trade and other debtors and creditors;

- Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Basic financial assets comprise short term trade and other debtors and cash and bank balances. Basic financial liabilities comprise short term trade and other creditors.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

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 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 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

486

DEPRECIATION

At 1 February 2024

242

Charge for year

243

At 31 January 2025

485

NET BOOK VALUE

At 31 January 2025

1

At 31 January 2024

244

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

715,000

Disposals

(465,000

)

At 31 January 2025

250,000

NET BOOK VALUE

At 31 January 2025

250,000

At 31 January 2024

715,000

The investment properties class of fixed assets was revalued on 31 January 2025 by the director who is internal to the company. The basis of this valuation was open market basis. At this date the property was valued at £250,000.

There has been no valuation of investment property by an independent valuer.

Fair value at 31 January 2025 is represented by:

£

Valuation in 2021

16,960

Valuation in 2022

24,037

Valuation in 2023

(3,000

)

Cost

212,003

250,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.1.25

31.1.24

£

£

Cost

212,003

580,165

The investment property was valued on an open market basis basis on 31 January 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

-

250

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

2

-

Taxation and social security

7,778

1,999

Other creditors

140,633

521,111

148,413

523,110

8.

RESERVES

Fair

value

reserve

£

At 1 February 2024

134,835

Transfer to/from P&L reserve

(96,838

)

At 31 January 2025

37,997