Registration number: 00878296

Cranover Properties Limited

Contents

Company Information	1
Abridged Statement Of Financial Position	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 6

Cranover Properties Limited

Company Information

Directors

Mr R.L. Mason Ms Julia Nadine Harling

Company secretary

Ms Julia Nadine Harling

Registered office

77a High Street Barnet Hertfordshire EN5 5UZ

Accountants

CPP, Chartered Accountants 79 Essex Road Islington London N1 2SF

Cranover Properties Limited

(Registration number: 00878296)
Abridged Statement Of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	292	545
Investment property		4,920,000	5,128,000
		4,920,292	5,128,545
Current assets
Debtors		7,175	7,173
Cash at bank and in hand		393,429	539,121
		400,604	546,294
Prepayments and accrued income		3,235	2,950
Creditors: Amounts falling due within one year		(58,514)	(78,623)
Net current assets		345,325	470,621
Total assets less current liabilities		5,265,617	5,599,166
Creditors: Amounts falling due after more than one year		(608,750)	(759,528)
Provisions for liabilities		(376,176)	(415,832)
Accruals and deferred income		(8,283)	(6,125)
Net assets		4,272,408	4,417,681
Capital and reserves
Called up share capital		100	100
Revaluation reserve		1,833,550	2,042,270
Retained earnings		2,438,758	2,375,311
Shareholders' funds		4,272,408	4,417,681

Cranover Properties Limited

(Registration number: 00878296)
Abridged Statement Of Financial Position as at 31 March 2025

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Income Statement and an Abridged Statement Of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

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

Mr R.L. Mason

Director

Cranover Properties Limited

Notes to the Unaudited Abridged 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:
77a High Street
Barnet
Hertfordshire
EN5 5UZ
England

These financial statements were authorised for issue by the Board on 17 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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of investment properties and renewal of leases during the financial year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cranover Properties Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25%, straight line.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Cranover Properties Limited

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

3	Staff numbers

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

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	253	293

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	1,679	1,679
At 31 March 2025	1,679	1,679
Depreciation
At 1 April 2024	1,134	1,134
Charge for the year	253	253
At 31 March 2025	1,387	1,387
Carrying amount
At 31 March 2025	292	292
At 31 March 2024	545	545

Investment properties

	2025 £
At 1 April	5,128,000
Fair value adjustments	(208,000)
At 31 March	4,920,000

There has been no valuation of investment property by an independent valuer.