REGISTERED NUMBER: 00654348 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

CRESCENT ESTATES (SOUTHAMPTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G Street

P J Street

REGISTERED OFFICE:

Buldings & Yard

Bunny Lane

Sherfield English

Romsey

Hampshire

SO51 6FT

REGISTERED NUMBER:

00654348 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,289

3,053

Investment property

5

2,967,300

3,100,000

2,969,589

3,103,053

CURRENT ASSETS

Debtors

6

1,631

59,244

Cash at bank

493,208

122,719

494,839

181,963

CREDITORS

Amounts falling due within one year

7

119,155

26,724

NET CURRENT ASSETS

375,684

155,239

TOTAL ASSETS LESS CURRENT LIABILITIES

3,345,273

3,258,292

PROVISIONS FOR LIABILITIES

775,572

755,218

NET ASSETS

2,569,701

2,503,074

CAPITAL AND RESERVES

Called up share capital

240

240

Non-distributable reserve

2,194,409

2,327,009

Retained earnings

375,052

175,825

2,569,701

2,503,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 23rd December 2025 and were signed on its behalf by:

M G Street - Director

1.	STATUTORY INFORMATION

Crescent Estates (Southampton) Limited 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the revenue generated by the company's operating activities, excluding value added tax, from rental income

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

19,923

DEPRECIATION

At 1st April 2024

16,870

Charge for year

764

At 31st March 2025

17,634

NET BOOK VALUE

At 31st March 2025

2,289

At 31st March 2024

3,053

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

3,100,000

Disposals

(132,700

)

At 31st March 2025

2,967,300

NET BOOK VALUE

At 31st March 2025

2,967,300

At 31st March 2024

3,100,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2006

1,231,464

Valuation in 2007

100,000

Valuation in 2016

67,500

Valuation in 2017

82,300

Valuation in 2022

250,000

Valuation in 2023

1,350,200

Valuation in 2025

(132,600

)

Cost

18,436

2,967,300

Investment properties comprise land and commercial units.

The fair value of the investment properties has been arrived at following an open market negotiation in 2024. The directors have assessed the value at the balance sheet date by reference to market evidence and have concluded no change in value since the prior year.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,631

496

Amounts owed by group undertakings

-

58,748

1,631

59,244

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

111,015

21,698

Other creditors

8,140

5,026

119,155

26,724

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is PJS One Ltd, who own all the shares in the company.