IRIS Accounts Production v25.3.0.601 12895744 director 1.4.24 31.3.25 31.3.25 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 12895744 2024-03-31 12895744 2025-03-31 12895744 2024-04-01 2025-03-31 12895744 2023-03-31 12895744 2023-04-01 2024-03-31 12895744 2024-03-31 12895744 ns15:EnglandWales 2024-04-01 2025-03-31 12895744 ns14:PoundSterling 2024-04-01 2025-03-31 12895744 ns10:Director1 2024-04-01 2025-03-31 12895744 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12895744 ns10:SmallEntities 2024-04-01 2025-03-31 12895744 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12895744 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 12895744 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12895744 ns10:FullAccounts 2024-04-01 2025-03-31 12895744 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 12895744 ns10:RegisteredOffice 2024-04-01 2025-03-31 12895744 ns5:CurrentFinancialInstruments 2025-03-31 12895744 ns5:CurrentFinancialInstruments 2024-03-31 12895744 ns5:ShareCapital 2025-03-31 12895744 ns5:ShareCapital 2024-03-31 12895744 ns5:RevaluationReserve 2025-03-31 12895744 ns5:RevaluationReserve 2024-03-31 12895744 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 12895744 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 12895744 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 12895744 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 12895744 ns5:DeferredTaxation 2024-03-31 12895744 ns5:DeferredTaxation 2025-03-31 12895744 ns10:OrdinaryShareClass1 2025-03-31 12895744 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 12895744 ns5:RevaluationReserve 2024-03-31 12895744 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31

REGISTERED NUMBER: 12895744 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST MARCH 2025 |

| FOR |

| CREAM PROPERTY LTD |

| CREAM PROPERTY LTD (REGISTERED NUMBER: 12895744) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| CREAM PROPERTY LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

| DIRECTOR: | Mrs C M Blunt

| REGISTERED OFFICE: | 71-75 Shelton Street

| Covent Garden

| London

| WC2H 9JQ

| REGISTERED NUMBER: | 12895744 (England and Wales)

| ACCOUNTANTS: | SBCA Chartered Accountants

| 17 Moor Park Avenue

| Preston

| Lancashire

| PR1 6AS

| CREAM PROPERTY LTD (REGISTERED NUMBER: 12895744) |

STATEMENT OF FINANCIAL POSITION

31ST MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Investment property | 4 | 234,000 |  | 234,000 |  |

CURRENT ASSETS

Debtors | 5 | 380 |  | 289 |  |

Cash at bank | 485 |  | 217 |  |

865 |  | 506 |  |

CREDITORS

Amounts falling due within one year | 6 | (157,164 | ) | (163,082 | ) |

NET CURRENT LIABILITIES | (156,299 | ) | (162,576 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 77,701 |  | 71,424 |  |

PROVISIONS FOR LIABILITIES | 7 | (11,206 | ) | (11,206 | ) |

NET ASSETS | 66,495 |  | 60,218 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Fair Value Reserve | 9 | 47,772 |  | 47,772 |  |

Retained earnings | 9 | 18,623 |  | 12,346 |  |

SHAREHOLDERS' FUNDS | 66,495 |  | 60,218 |  |

| CREAM PROPERTY LTD (REGISTERED NUMBER: 12895744) |

STATEMENT OF FINANCIAL POSITION - continued

31ST MARCH 2025

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

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

The director acknowledges her 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 director and authorised for issue on 22nd October 2025 and were signed by:

Mrs C M Blunt - Director

| CREAM PROPERTY LTD (REGISTERED NUMBER: 12895744) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. | STATUTORY INFORMATION

| Cream Property Ltd 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 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 properties are properties held to earn rentals and/or for capital appreciation. Investment properties were initially measured at cost, including transaction costs.

| Subsequently under FRS 102, investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value of investment properties are included in the Statement of Income and Fair Value Reserve in the period in which they arise.

| CREAM PROPERTY LTD (REGISTERED NUMBER: 12895744) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| 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.

| Basic financial assets:

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities:

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities:

| Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

| 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.

| CREAM PROPERTY LTD (REGISTERED NUMBER: 12895744) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st April 2024

| and 31st March 2025 | 234,000 |  |

| NET BOOK VALUE

| At 31st March 2025 | 234,000 |  |

| At 31st March 2024 | 234,000 |  |

| Fair value at 31st March 2025 is represented by:

£ |

| Valuation in 2022 | 15,979 |  |

| Valuation in 2023 | 30,000 |  |

| Valuation in 2024 | 13,000 |  |

| Cost | 175,021 |  |

234,000 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 175,021 |  | 175,021 |  |

| Investment properties were valued on an open market basis on 31st March 2025 by the director .

| CREAM PROPERTY LTD (REGISTERED NUMBER: 12895744) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other debtors | 380 |  | 289 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Taxation and social security | 1,472 |  | 264 |  |

| Other creditors | 155,692 |  | 162,818 |  |

157,164 |  | 163,082 |  |

7. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax

| Revaluation gains | 11,206 |  | 11,206 |  |

| Deferred |

| tax |

£ |

| Balance at 1st April 2024 | 11,206 |  |

| Balance at 31st March 2025 | 11,206 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

9. | RESERVES

| Fair |

| Retained |  | Value |

| earnings |  | Reserve |  | Totals

£ | £ | £ |

| At 1st April 2024 | 12,346 |  | 47,772 |  | 60,118 |  |

| Profit for the year | 6,277 |  | 6,277 |  |

| At 31st March 2025 | 18,623 |  | 47,772 |  | 66,395 |  |