REGISTERED NUMBER: 08993312 (England and Wales)

CRANBORNE CHASE ASSET FINANCE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Sheikh M B E B M Al Khalifa

Mr C W Griffiths

Mr E M Thomas

Mr J V S Lee

Mr P Redelinghuys

SECRETARY:

Mr E M Thomas

REGISTERED OFFICE:

Second Floor

34 Lime Street

London

EC3M 7AT

REGISTERED NUMBER:

08993312 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,984

2,086

Investments

5

-

-

1,984

2,086

CURRENT ASSETS

Debtors

6

107,000

83,523

Cash at bank

52,858

93,242

159,858

176,765

CREDITORS

Amounts falling due within one year

7

36,706

61,566

NET CURRENT ASSETS

123,152

115,199

TOTAL ASSETS LESS CURRENT LIABILITIES

125,136

117,285

CAPITAL AND RESERVES

Called up share capital

8

20

20

Capital redemption reserve

80

80

Retained earnings

125,036

117,185

SHAREHOLDERS' FUNDS

125,136

117,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th December 2025 and were signed on its behalf by:

Mr E M Thomas - Director

1.	STATUTORY INFORMATION

Cranborne Chase Asset Finance 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, based on services rendered and in accordance with underlying contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment 33.3%

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments in jointly controlled entities

Investments in jointly controlled entities are recognised at cost less impairment.

Significant judgements and estimates

The preparation of the financial statements in compliance with FRS 102 Section 1A requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements that have been made in arriving at the amounts recognised in the financial statements and the key areas of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying value of assets and liabilities in the financial statements are noted below;

(i) Carrying value of investments in jointly controlled entities

In line with the accounting policy, the investment in the jointly controlled entity is held at cost less impairment, in line with FRS 102. The company estimates the recoverable amount of the investment and whether this is lower than the cost it is held at in the financial statements. When assessing the carrying value, management considers factors such as current and forecast financial performance, the appropriateness of discount factors used, as well as projected net asset values.

In 2022, the company recognised a 100% impairment of the investment. During the prior period, 50% of the impairment value was reimbursed by the joint venture partner and credited to the income statement. As of the current year, the investment remains fully impaired, with no further changes to its valuation or additional reimbursements received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 31st May 2024

13,276

Additions

1,538

At 30th May 2025

14,814

DEPRECIATION

At 31st May 2024

11,190

Charge for year

1,640

At 30th May 2025

12,830

NET BOOK VALUE

At 30th May 2025

1,984

At 30th May 2024

2,086

5.	FIXED ASSET INVESTMENTS

The company has a 50% investment in a joint venture, Swallowcliffe Finance Limited. The joint venture is held at a carrying value of £nil (2024 - £nil).

The initial cost of the investment in the joint venture, prior to recognising the impairment, amounted to £68,364.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

107,000

83,523

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

(75

)

18,589

Taxation and social security

15,564

10,859

Other creditors

21,217

32,118

36,706

61,566

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary

10p

20

20