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Company Registration No. 13784212 (England and Wales)
CRADLE PROPERTIES LIMITED Unaudited accounts for the year ended 31 December 2024
CRADLE PROPERTIES LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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CRADLE PROPERTIES LIMITED Company Information for the year ended 31 December 2024
Directors
OVBIEBO, Ambrose Ndubuisi OVBIEBO, Miebaka
Company Number
13784212 (England and Wales)
Registered Office
APARTMENT 7 OSIDGE HOUSE 4 LIPTON CLOSE LONDON N14 5BX UNITED KINGDOM
Accountants
LIGHT ACCOUNTANTS 33 Postmill Road Sandwich KENT CT130FU
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CRADLE PROPERTIES LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
241,107 
347,600 
Investment property
5
1,714,005 
1,714,005 
1,955,112 
2,061,605 
Current assets
Debtors
6
15,699 
18,757 
Cash at bank and in hand
11,415 
1,094 
27,114 
19,851 
Creditors: amounts falling due within one year
7
(1,274)
(6,696)
Net current assets
25,840 
13,155 
Total assets less current liabilities
1,980,952 
2,074,760 
Creditors: amounts falling due after more than one year
8
(2,331,213)
(2,302,894)
Provisions for liabilities
Other provisions
(12,300)
- 
Net liabilities
(362,561)
(228,134)
Capital and reserves
Called up share capital
5,000 
5,000 
Profit and loss account
(367,561)
(233,134)
Shareholders' funds
(362,561)
(228,134)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by
OVBIEBO, Ambrose Ndubuisi Director Company Registration No. 13784212
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CRADLE PROPERTIES LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
CRADLE PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13784212. The registered office is APARTMENT 7 OSIDGE HOUSE, 4 LIPTON CLOSE, LONDON, N14 5BX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
140,595 
389,818 
2,054 
532,467 
At 31 December 2024
140,595 
389,818 
2,054 
532,467 
Depreciation
At 1 January 2024
28,119 
155,926 
822 
184,867 
Charge for the year
28,119 
77,963 
411 
106,493 
At 31 December 2024
56,238 
233,889 
1,233 
291,360 
Net book value
At 31 December 2024
84,357 
155,929 
821 
241,107 
At 31 December 2023
112,476 
233,892 
1,232 
347,600 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
1,714,005 
At 31 December 2024
1,714,005 
- 5 -
CRADLE PROPERTIES LIMITED Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
- 
3,058 
Accrued income and prepayments
15,699 
15,699 
15,699 
18,757 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
1,274 
1,263 
Accruals
- 
5,433 
1,274 
6,696 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
939,704 
965,515 
Other creditors
1,391,509 
1,337,379 
2,331,213 
2,302,894 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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