REGISTERED NUMBER: 12402623 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CROSSLEE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J W Ross

D P Boyle

SECRETARY:

D P Boyle

REGISTERED OFFICE:

Whitehall Chambers Halifax Road

Hipperholme

Halifax

HX3 8EN

REGISTERED NUMBER:

12402623 (England and Wales)

AUDITORS:

Walter Dawson & Son

Chartered Accountants

1 Valley Court

Canal Road

Bradford

West Yorkshire

BD1 4SP

CURRENT ASSETS

Stocks

1,146,197

1,679,895

Debtors

4

176,511

197,000

Cash at bank

5,580,084

5,763,000

6,902,792

7,639,895

CREDITORS

Amounts falling due within one year

5

166,504

1,715,000

NET CURRENT ASSETS

6,736,288

5,924,895

TOTAL ASSETS LESS CURRENT LIABILITIES

6,736,288

5,924,895

CAPITAL AND RESERVES

Called up share capital

6

174

174

Profit and loss account

6,736,114

5,924,721

SHAREHOLDERS' FUNDS

6,736,288

5,924,895

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 22 December 2025 and were signed on its behalf by:

D J W Ross - Director

1.	STATUTORY INFORMATION

Crosslee Properties 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.

Going concern

In assessing the appropriateness of the application of the going concern basis, the Directors considered the available forecasts, the general economic environment, the current and future trading performance of the Company and its available resources. Following this review, the Directors decided that, when the site is fully developed, he is confident of realising a profit and an overall surplus for the company and its shareholders.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

7,500

-

Other debtors

169,011

197,000

176,511

197,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

135,413

1,544,720

Other creditors

31,091

170,280

166,504

1,715,000

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

17,386,193

Ordinary

0.00001

174

174

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Richard Hall (FCA) (Senior Statutory Auditor)

for and on behalf of Walter Dawson & Son

8.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its Director.