REGISTERED NUMBER: 01909656 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CRESCENT MANAGEMENT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A B Blasdale

N H Swimer

SECRETARY:

N H Swimer

REGISTERED OFFICE:

Crowe U.K. LLP

3rd Floor

St George's House

56 Peter Street

Manchester

M2 3NQ

REGISTERED NUMBER:

01909656 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

3rd Floor

St George's House

56 Peter Street

Manchester

M2 3NQ

FIXED ASSETS

Investments

4

402,060

8,797

Investment property

5

-

415,000

402,060

423,797

CURRENT ASSETS

Cash at bank

2,691

6,290

CREDITORS

Amounts falling due within one year

6

76,110

23,547

NET CURRENT LIABILITIES

(73,419

)

(17,257

)

TOTAL ASSETS LESS CURRENT LIABILITIES

328,641

406,540

PROVISIONS FOR LIABILITIES

-

89,144

NET ASSETS

328,641

317,396

CAPITAL AND RESERVES

Called up share capital

3

3

Fair value reserve

7

-

267,431

Retained earnings

328,638

49,962

328,641

317,396

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 December 2025 and were signed on its behalf by:

A B Blasdale - Director

N H Swimer - Director

1.	STATUTORY INFORMATION

Crescent Management Services 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.

Going concern

The directors intend to liquidate the company in a period of less than 12 months from the balance sheet date. The company will settle it's remaining liabilities over the months leading up to liquidation using the cash held within the business. Therefore, the financial statements have not been prepared on a going concern basis.

Turnover

Turnover is recognised from the unincorporated partnership of which the Company is a partner of. This comprises of rental income from investment property and is recognised in the profit or loss on a straight line basis over the lease term. Contingent rents, such as turnover rents, rent reviews and indexation, are recorded as income in the periods in which they are earned. Rent reviews are recognised when such reviews have been agreed with tenants. Surrender premiums receivable are recognised on completion of the surrender.

Where a rent free period is included in a lease, the rental income foregone is allocated evenly over the period from the date of lease commencement to the earlier of the first break option or the lease termination date. Lease incentives and costs associated with entering into tenant leases are amortised over the period from the date of lease commencement to the earlier of the first break option or the lease termination date.

Property operating expenses are expensed as incurred and any property operating expenditure note recovered from tenants through service charges is charged to profit or loss.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the fair value reserve.

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.

Joint arrangement

The company has a 50% interest in an unincorporated entity known as Park House Bridge Estate. The company includes its share of any assets and liabilities and income and expenses of jointly controlled assets in accordance with the underlying contractual arrangement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Investments comprises of a 50% share in the joint arrangement known as Park House Bridge Estate. At 31 March 2025 the company's share of this arrangement totalled £402,060 (2024 - £8,797).The joint arrangement is due to be discontinued within 12 months of the balance sheet date. A reclassification was made to the 2024 financial statements to classify this as an investment.

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

415,000

Disposals

(415,000

)

At 31 March 2025

-

Net book value

At 31 March 2025

-

At 31 March 2024

415,000

Investment property comprises of a 50% holding in the property known as Park House Bridge Estate. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors to show the open market value of the property.

Cost or valuation at 31 March 2024 consisted of;

Cost £58,425

Revaluation in 2015 £29,075

Revaluation in 2018 £45,000

Revaluation in 2024 £282,500

Value at 31 March 2024 £415,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

62,900

2,296

Directors' loan accounts

9,500

20,000

Accruals and deferred income

3,710

1,251

76,110

23,547

7.

RESERVES

Fair

value

reserve

£

At 1 April 2024

267,431

Transfer to profit and loss

reserve

(267,431

)

At 31 March 2025

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the beginning of the year, the company owed amounts of £20,000 to the directors. During the year the directors were repaid £10,500 (2024 - £3,500). As at 31 March 2025, the company owed amounts to the directors totalling £9,500 (2024 - £20,000).