| Crane Apartments Limited |
| Registered number: |
07186961 |
| Balance Sheet |
| as at 31 March 2025 |
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| Notes |
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2025 |
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2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
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|
- |
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|
495 |
| Investments |
4 |
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|
5,500,000 |
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|
5,500,000 |
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|
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|
5,500,000 |
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|
5,500,495 |
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| Current assets |
| Debtors |
5 |
|
265,045 |
|
|
255,361 |
| Cash at bank and in hand |
|
|
- |
|
|
1,017 |
|
|
|
265,045 |
|
|
256,378 |
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| Creditors: amounts falling due within one year |
6 |
|
(1,968,661) |
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(1,958,098) |
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| Net current liabilities |
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(1,703,616) |
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(1,701,720) |
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| Total assets less current liabilities |
|
|
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3,796,384 |
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3,798,775 |
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| Creditors: amounts falling due after more than one year |
7 |
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|
(2,651) |
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(13,091) |
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| Provisions for liabilities |
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(709,362) |
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(709,362) |
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| Net assets |
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3,084,371 |
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3,076,322 |
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| Capital and reserves |
| Called up share capital |
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|
1 |
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1 |
| Profit and loss account - distributable |
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1,493,732 |
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1,485,683 |
| Profit and loss account - non distributable |
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1,590,638 |
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1,590,638 |
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| Shareholders' funds |
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|
3,084,371 |
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|
3,076,322 |
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their 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. |
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| Ashok Patel |
| Director |
| Approved by the board on 19 December 2025 |
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| Crane Apartments Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of property and rent is recognised according to the period for which it is receivable. |
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Tangible fixed assets |
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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: |
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Fixtures, fittings, and equipment |
over 5 years |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Profit and loss account reserve |
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The profit and loss account reserve comprises non distributable reserves arising from the change in fair values on investment properties in addition to distributable reserves. The distibutable and non distributable balance of the reserve are disclosed separately in the financial statements. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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| 3 |
Tangible fixed assets |
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Fixtures, fittings & equipment |
| £ |
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Cost |
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At 1 April 2024 |
42,450 |
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At 31 March 2025 |
42,450 |
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Depreciation |
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At 1 April 2024 |
42,450 |
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At 31 March 2025 |
42,450 |
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Net book value |
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At 31 March 2025 |
- |
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| 4 |
Investments |
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| Other |
| investments |
| £ |
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Fair value |
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At 1 April 2024 |
5,500,000 |
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At 31 March 2025 |
5,500,000 |
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Historical cost |
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At 1 April 2024 |
3,200,000 |
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At 31 March 2025 |
3,200,000 |
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The directors believe that the value of Crane Court at the balance sheet date was £5,500,000 |
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| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
258,436 |
|
250,635 |
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Other debtors |
6,609 |
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4,726 |
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265,045 |
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255,361 |
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| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Bank loans and overdrafts |
10,440 |
|
10,183 |
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Trade creditors |
17,739 |
|
10,811 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
1,937,980 |
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1,922,254 |
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Taxation and social security costs |
- |
|
12,350 |
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Other creditors |
2,502 |
|
2,500 |
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1,968,661 |
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1,958,098 |
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| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
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Bank loans |
2,651 |
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13,091 |
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| 8 |
Related party transactions |
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2025 |
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2024 |
| £ |
£ |
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Crane Investments Ltd |
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Parent company |
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Amount due to/(from) the related party |
1,900,730 |
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1,900,004 |
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City2Stay Ltd |
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Wholly owned subsidiary of Crane Investments Ltd |
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Amount due to/(from) the related party |
(258,436) |
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(250,635) |
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Rent receivable |
120,000 |
|
400,000 |
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Harrier Investments Ltd |
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Wholly owned subsidiary of Crane Investments Ltd |
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Amount due to/(from) from the related party |
37,250 |
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22,250 |
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| 9 |
Controlling party |
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The company is wholly owned subsidiary of Crane Investments Ltd, registered number 6732412. The registered office of Crane Investments Ltd is 10 Durham Avenue, Gidea Park, Romford, RM2 6JS |
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| 10 |
Other information |
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Crane Apartments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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10 Durham Avenue |
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Gidea Park |
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Romford |
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RM2 6JS |