The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions of part 15 of the Companies Act 2006, relating to small companies.

Crown Oil Property Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Oil Centre, Prettywood, Bury, Lancashire, BL9 7HY.

The principal activity of the company is the letting and operating of owned commercial property.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The directors have assessed the business for the forthcoming 12 months along with the confirmation of continued support from a related party. The directors consider that the company has sufficient funds to continue to settle liabilities as they fall due. true

Turnover represents rent and service charges receivable during the year, exclusive of Value Added Tax.

The company uses only basic financial instruments, which are initially measured at transaction price including transaction cost.

Financial assets and financial liabilities are subsequently carried at amortised cost using the effective interest rate method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The average monthly number of persons (including directors) employed by the company during the year was 4 (2024 - 4).

The fair value of investment properties have been arrived at using valuations carried out by third party Chartered Surveyors, Nolan Redshaw, who are not connected with the company. The directors' policy is to have regular professional valuations and director assessments of investment property values. In the directors' opinion this continues to represent the fair value of the property.

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Revaluation reserve arose on prior revaluation of properties. Future revaluations are recognised in profit or loss as described below. The reserve is expected to crystalise on any future sale of properties to which the reserve relates to.

Following a group reorganisation exercise involving the statutory demerger of the company from the group headed by Crown Oil Holdings Limited on 26th July 2022, the company is no longer able to apply FRS 102 Section 16.4A, whereby property let out to members of the same statutory group can be classed under Property, Plant and Equipment. Consequently, such property held on the balance sheet has been reclassified to Investment Properties as shown in note 3. Accordingly, the company will prospectively adopt the provisions of Section 16.7 relating to Investment Property where future movements in fair value with be recognised through profit and loss.

The directors consider that both the immediate and ultimate parent undertaking is Crown Oil Property Holdings Limited, a company registered in England and Wales whose registered office is the same as that of Crown Oil Property Limited.

Copies of the group financial statements can be found from Companies House, Crown Way, Cardiff, CF14 3UZ.