REGISTERED NUMBER: 02460785 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CROSSLEE HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J W Ross

SECRETARY:

D P Boyle

REGISTERED OFFICE:

Whitehall Chambers

Halifax Road

Hipperholme

Halifax

West Yorkshire

HX3 8EN

REGISTERED NUMBER:

02460785 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

1 Valley Court

Canal Road

Bradford

West Yorkshire

BD1 4SP

FIXED ASSETS

Investments

4

4,119,713

11,200,000

CURRENT ASSETS

Debtors

5

11,270

-

Cash at bank

8,760,404

-

8,771,674

-

CREDITORS

Amounts falling due within one year

6

75,279

57,000

NET CURRENT ASSETS/(LIABILITIES)

8,696,395

(57,000

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,816,108

11,143,000

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

10

-

Revaluation reserve

7

-

11,199,000

Profit and loss account

12,815,098

(57,000

)

12,816,108

11,143,000

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 director acknowledges his 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 director and authorised for issue on 22 December 2025 and were signed by:

D J W Ross - Director

1.	STATUTORY INFORMATION

Crosslee Holdings 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Income recognition

Income is recognised in the income statement when it is probable that the economic benefits will flow to the company and the amount of income can be measured reliably.

Dividends received are recognised when the shareholder’s right to receive payment is established.

Interest income is recognised using the effective interest method, on a time-apportioned basis, by reference to the principal outstanding and the applicable interest rate.

Other income is recognised when the company has entitlement to the income and the amount can be measured reliably.

Impairment of investments

Investments in subsidiaries are reviewed for impairment at each reporting date and reduced to their recoverable amount where necessary; where a subsidiary has entered liquidation, the investment is written down to nil with the impairment charged to the income statement.

Related party transactions

Loans to or from related parties are recognised initially at the transaction price and subsequently measured at amortised cost, less any impairment where recovery is doubtful.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 8 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

11,200,000

Additions

4,119,713

Impairments

(11,200,000

)

At 31 March 2025

4,119,713

NET BOOK VALUE

At 31 March 2025

4,119,713

At 31 March 2024

11,200,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

11,270

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

7,500

57,000

Taxation and social security

67,779

-

75,279

57,000

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

11,199,000

Impairment

(11,199,000

)

At 31 March 2025

-