Crucial Property Group Ltd - Filleted accounts

Registered number

10437357

Crucial Property Group Ltd

Filleted Accounts

For the Year Ended 31 March 2025

Crucial Property Group Ltd
Registered number: 10437357
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investment property	4		937,725			937,725

Current assets
Debtors	5	78,853			274,543
Cash at bank and in hand		159,528			12,042
		238,381			286,585

Creditors: amounts falling due within one year	6	(43,637)			(36,567)

Net current assets			194,744			250,018

Total assets less current liabilities			1,132,469			1,187,743

Creditors: amounts falling due after more than one year	7		(1,115,924)			(1,181,476)

Provisions for liabilities	9		(3,343)			(1,390)


Net assets			13,202			4,877

Capital and reserves
Called up share capital			200			200
Fair value reserve	10		20,740			20,740
Profit and loss account			(7,738)			(16,063)

Shareholder's funds			13,202			4,877

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Kevin Cox
Director
Approved by the board on 17 December 2025

Crucial Property Group Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents rent receivable from residential rental properties. Turnover is measured at the fair value of the consideration received or receivable.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% and 33% reducing balance basis

	Investment properties
	Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise. Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

	Debtors
	Short term debtors are measured at transaction price, less any impairment.

	Creditors
	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				1,188
	At 31 March 2025				1,188

	Depreciation
	At 1 April 2024				1,188
	At 31 March 2025				1,188

	Net book value
	At 31 March 2025				-


4	Investment properties
investments
£
	Cost or valuation
	At 1 April 2024				937,725

	At 31 March 2025				937,725

	The director, Kevin Cox, has assessed the fair value of the investment properties to be £937,725 as at 31 March 2025 (2024: £937,725).

			2025		2024
£				£
	Historical cost		912,121		912,121



5	Debtors		2025		2024
£				£

	Business loans		78,320		273,833
	Other debtors		533		710
			78,853		274,543



6	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		2,189		1,826
	Other creditors		41,448		34,741
			43,637		36,567


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		639,343		641,895
	Other creditors		476,581		539,581
			1,115,924		1,181,476


8	Loans		2025		2024
£				£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years		639,343		643,721


	Secured bank loans		630,225		630,225

	Onesavings Bank Plc holds a fixed charge over the investment property 2 Manor Gardens which is valued at £682,725. The secured amount is £447,525, payable within 19 years.

	Lendinvest BTL Limited holds a fixed charge over the investment property 5 Ashfield Avenue which is valued at £255,000. The secured amount is £182,700, payable within 17 years.


9	Provisions for liabilities

	A deferred tax liability of £4,865 (2024: £4,865) on investment property revaluation gains has been recognised on anticipation that this gain will be realised and taxed in the future. This has been recognised in the Fair Value Reserve, against the revaluation gain. A deferred tax asset of £1,522 (2024: £3,475) has been recognised in the accounts on losses carried forward, as it is probable that future taxable profits from property rentals will be available to set against the current period tax losses, enabling the related deferred tax asset to be realised. The net deferred tax liability of £3,343 (2024: £1,390) results from a combination of the above.


10	Fair value reserve		2025		2024
£				£

	At 1 April 2024		20,740		20,740

	At 31 March 2025		20,740		20,740


11	Other information

	Crucial Property Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	7 Bell Yard
	London
	WC2A 2JR