REGISTERED NUMBER: 06639217 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Cruciate Property Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr A J Unwin

REGISTERED OFFICE:

Ground Floor, 6 Queens Square

Ascot Business Park

Lyndhurst Road

Ascot

Berkshire

SL5 9ED

REGISTERED NUMBER:

06639217 (England and Wales)

ACCOUNTANTS:

DUX Advisory Limited

Chartered Accountants

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Cruciate Property Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 director of Cruciate Property Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cruciate Property Limited and state those matters that we have agreed to state to the director of Cruciate Property Limited 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 Cruciate Property Limited and its director for our work or for this report.

It is your duty to ensure that Cruciate Property 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 Cruciate Property Limited. You consider that Cruciate Property 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 Cruciate Property 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.

DUX Advisory Limited

Chartered Accountants

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

3 November 2025

FIXED ASSETS

Tangible assets

4

11,891

107,787

Investment property

5

4,827,569

4,292,921

4,839,460

4,400,708

CURRENT ASSETS

Debtors

6

174,330

249,394

Investments

7

100

100

Cash at bank

358,228

25,849

532,658

275,343

CREDITORS

Amounts falling due within one year

8

5,121,853

4,471,117

NET CURRENT LIABILITIES

(4,589,195

)

(4,195,774

)

TOTAL ASSETS LESS CURRENT LIABILITIES

250,265

204,934

PROVISIONS FOR LIABILITIES

499

499

NET ASSETS

249,766

204,435

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

249,666

204,335

249,766

204,435

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2025 and were signed by:

Mr A J Unwin - Director

1.	STATUTORY INFORMATION

Cruciate Property 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.

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.

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

-

20% straight line

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

188,116

Additions

6,640

Disposals

(130,816

)

At 31 March 2025

63,940

DEPRECIATION

At 1 April 2024

80,329

Charge for year

5,598

Eliminated on disposal

(33,878

)

At 31 March 2025

52,049

NET BOOK VALUE

At 31 March 2025

11,891

At 31 March 2024

107,787

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

4,292,921

Additions

1,254,801

Disposals

(720,153

)

At 31 March 2025

4,827,569

NET BOOK VALUE

At 31 March 2025

4,827,569

At 31 March 2024

4,292,921

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,267

1,100

Other debtors

172,063

248,294

174,330

249,394

7.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Unlisted investments

100

100

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

9,497

4,525

Amounts owed to associates

4,110,463

3,232,085

Other creditors

1,001,893

1,234,507

5,121,853

4,471,117