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Registered number: 13996920
Cromore Property Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13996920
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,798 20,998
Investment Properties 5 465,000 395,000
481,798 415,998
CURRENT ASSETS
Debtors 6 692 579
Cash at bank and in hand 5,497 10,164
6,189 10,743
Creditors: Amounts Falling Due Within One Year 7 (1,500 ) (2,280 )
NET CURRENT ASSETS (LIABILITIES) 4,689 8,463
TOTAL ASSETS LESS CURRENT LIABILITIES 486,487 424,461
Creditors: Amounts Falling Due After More Than One Year 8 (539,321 ) (537,293 )
NET LIABILITIES (52,834 ) (112,832 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 (11,902 ) (81,902 )
Profit and Loss Account (41,032 ) (31,030 )
SHAREHOLDERS' FUNDS (52,834) (112,832)
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Kunkler
Director
23 December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cromore Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13996920 . The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 rental of investment property.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 April 2024 28,977
As at 31 March 2025 28,977
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2024 7,979
Provided during the period 4,200
As at 31 March 2025 12,179
Net Book Value
As at 31 March 2025 16,798
As at 1 April 2024 20,998
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 395,000
Fair value adjustments 70,000
As at 31 March 2025 465,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 476,902 476,902
Investment Property was valued on an open market basis on 7 October 2025 by the director.
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 692 579
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accruals and deferred income 1,500 2,280
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 322,998 323,080
Directors loan account 216,323 214,213
539,321 537,293
Page 4
Page 5
9. Secured Creditors
Of the creditors the following amounts are secured.
The bank loans are secured against investment property.
2025 2024
£ £
Bank loans and overdrafts 322,998 323,080
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 April 2024 (81,902 ) (31,030 )
Profit for the year and total comprehensive income - 59,998
Movements in fair value reserve 70,000 -
Transfer to/from Fair value reserve - (70,000)
As at 31 March 2025 (11,902 ) (41,032 )
Page 5