REGISTERED NUMBER: 11878621 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Crowcombe Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Guy

S A Gilchrist

REGISTERED OFFICE:

Fairview House

Portland Road

East Grinstead

West Sussex

RH19 4ET

REGISTERED NUMBER:

11878621 (England and Wales)

ACCOUNTANTS:

Bentleys Accounting Limited

5 Hazelgrove Road

Haywards Heath

West Sussex

RH16 3PH

FIXED ASSETS

Tangible assets

4

5,126,423

4,460,000

CURRENT ASSETS

Investments

5

100

100

Cash at bank

21,061

11,401

21,161

11,501

CREDITORS

Amounts falling due within one year

6

3

3

NET CURRENT ASSETS

21,158

11,498

TOTAL ASSETS LESS CURRENT LIABILITIES

5,147,581

4,471,498

CREDITORS

Amounts falling due after more than one year

7

3,488,063

2,732,276

NET ASSETS

1,659,518

1,739,222

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

1,570,286

1,570,286

Retained earnings

89,132

168,836

SHAREHOLDERS' FUNDS

1,659,518

1,739,222

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 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 10 November 2025 and were signed on its behalf by:

S A Gilchrist - Director

1.	STATUTORY INFORMATION

Crowcombe Properties 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.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

4,141,692

258,308

60,000

4,460,000

Additions

666,423

-

-

666,423

At 31 March 2025

4,808,115

258,308

60,000

5,126,423

NET BOOK VALUE

At 31 March 2025

4,808,115

258,308

60,000

5,126,423

At 31 March 2024

4,141,692

258,308

60,000

4,460,000

Cost or valuation at 31 March 2025 is represented by:

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

Valuation in 2023

1,570,286

-

-

1,570,286

Cost

3,237,829

258,308

60,000

3,556,137

4,808,115

258,308

60,000

5,126,423

If Freehold Property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

2,829,714

2,829,714

Value of land in freehold land and buildings

4,400,000

4,400,000

Freehold Property was valued on an open market basis on 16 June 2023 by Savills .

5.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Shares in group undertakings

100

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Accrued expenses

3

3

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

13,165

21,064

Bank loans more 5 yr by instal

2,580,000

1,530,411

Amounts owed to participating interests

894,898

717,096

Other creditors

-

463,705

3,488,063

2,732,276

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,580,000

1,530,411

8.	FINANCIAL INSTRUMENTS

Together Commercial Finance Limited has a Floating Charge over this company assets.

A registered Charge has been made from David Frederick Harvey & Kate Elizabeth Kenyon over Title Assets held in this company.

All charges can be seen on Companies House.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

1,570,286

10.	RELATED PARTY DISCLOSURES

LOANS TO ASSOCIATED COMPANIES

During the year the company made various loans to and from various associated companies, These are shown within the Financial Statements as 'Amounts owed to and from participating interests'

During the year management charges are charged from associated companies on a commercial basis.

11.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is 'Gilchrist Holdings Ltd' company number 14268557.