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Registration number: 09477066

Cross Developments (Sussex) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Cross Developments (Sussex) Limited

Contents

Company Information | 1
Statement of Financial Position | 2
Notes to the Unaudited Financial Statements | 3 to 7

Cross Developments (Sussex) Limited

Company Information

Directors | Mr R.D. Cross Mrs M.L. Cross

Registered office | Ord Kingston Road Lewes East Sussex BN7 3NB

Accountants | Henton Ransom Limited Accountants18 Lucastes Lane Haywards Heath West Sussex RH16 1LD

Cross Developments (Sussex) Limited

(Registration number: 09477066)
Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 4 | 188,689 | 4,613
Current assets |  |  |
Debtors | 5 | 2,623,249 | 1,978,189
Cash at bank and in hand |  | 1,011,162 | 1,528,131
|  | 3,634,411 | 3,506,320
Creditors: Amounts falling due within one year | 6 | (475,282) | (552,082)
Net current assets |  | 3,159,129 | 2,954,238
Net assets |  | 3,347,818 | 2,958,851
Capital and reserves |  |  |
Called up share capital |  | 5,910 | 5,910
Retained earnings |  | 3,341,908 | 2,952,941
Shareholders' funds |  | 3,347,818 | 2,958,851

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

Approved and authorised by the Board on 1 December 2025 and signed on its behalf by:

.........................................

Mr R.D. Cross
Director

Cross Developments (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ord
Kingston Road
Lewes
East Sussex
BN7 3NB

These financial statements were authorised for issue by the Board on 1 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. Cross Developments (Sussex) Limited is incorporated in England and Wales and its presentational currency is sterling. All amounts in the financial statements have been rounded to the nearest £1.

Group accounts not prepared

The company is the parent company of a small group and as such is exempt from the requirement to prepare consolidated financial statements under s.383 Companies Act 2006.

Revenue recognition

The company is involved in the provision of development funding to property development companies. Turnover comprises the fair value of the consideration received or receivable with regard to the provision property development loans in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cross Developments (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due with regard to property development proceeds earned in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Cross Developments (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 4,612 | 4,612
Investments in associates | 184,077 | 1
| 188,689 | 4,613

Subsidiaries | £
Cost or valuation
At 1 April 2024 | 4,612
Provision
Carrying amount
At 31 March 2025 | 4,612
At 31 March 2024 | 4,612

Associates | £
Cost
At 1 April 2024 | 184,077
Provision
Carrying amount
At 31 March 2025 | 184,077
At 31 March 2024 | 1

Cross Developments (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Cross Construction (Sussex) Limited | Ord, Kingsron Road, Lewes, BN7 3NB England | Ordinary shares | 100% | 100%
Cross Homes (Sussex) Limited | Ord, Kingston Road, Lewes, BN7 3NB England | Ordinary shares | 100% | 100%
Cross Commercial Developments Limited | Ord, Kingston Road, Lewes, BN7 3NB England | Ordinary shares | 50% | 50%
Cross Homes Lewes Limited | Ord, Kingston Road, Lewes, BN7 3NB England | Ordinary shares | 100% | 100%
Cross HQ Developments Limited | Ord, Kingston Road, Lewes, BN7 3NB England | Ordinary shares | 100% | 100%
Talbot Terrace Development Limited | Ord, Kingston Road, Lewes, BN7 3NB England | Ordinary shares | 50% | 50%
Associates
Newhaven Construction Limited | 100 Church Street, Brighton, East Sussex, BN1 1UJ. | Ordinary shares | 30% | 20%
| England |  |  |

Subsidiary undertakings
Cross Construction (Sussex) Limited The principal activity of Cross Construction (Sussex) Limited is the construction of residential property.
Cross Homes (Sussex) Limited The principal activity of Cross Homes (Sussex) Limited is the construction and rental of residential property.

Cross Developments (Sussex) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cross Commercial Developments Limited The principal activity of Cross Commercial Developments Limited is the construction of commercial property.
Cross Homes Lewes Limited The principal activity of Cross Homes Lewes Limited is that of a general building contractor.
Cross HQ Developments Limited The principal activity of Cross HQ Developments Limited is that of a dormant company.
Talbot Terrace Development Limited The principal activity of Talbot Terrace Development Limited is that of residential property development.

Associates
Newhaven Construction Limited The principal activity of Newhaven Construction Limited is construction..

5 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties |  | 2,601,392 | 1,529,089
Other debtors |  | 21,857 | 449,100
|  | 2,623,249 | 1,978,189

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 130 | 130
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | - | 200,001
Taxation and social security |  | 1,285 | 1,155
Accruals and deferred income |  | 3,250 | 3,250
Other creditors |  | 470,617 | 347,546
|  | 475,282 | 552,082