Company registration number 12115263 (England and Wales)
CRAIGLYNNE PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
CRAIGLYNNE PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
CRAIGLYNNE PROPERTIES LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
FIXED ASSETS
Tangible assets
5
1,700,000
1,920,214
CURRENT ASSETS
Stocks
12,196
20,662
Debtors
6
134,122
174,088
Cash at bank and in hand
171,004
297,020
317,322
491,770
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
7
(3,459,132)
(3,397,913)
NET CURRENT LIABILITIES
(3,141,810)
(2,906,143)
NET LIABILITIES
(1,441,810)
(985,929)
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss reserves
(1,442,810)
(986,929)
TOTAL EQUITY
(1,441,810)
(985,929)

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

CRAIGLYNNE PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 January 2026 and are signed on its behalf by:
Mr H H J Fentum
Mr A M Khalastchi
Director
Director
Mr M A Pears
Director
Company registration number 12115263 (England and Wales)
CRAIGLYNNE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
ACCOUNTING POLICIES
Company information

Craiglynne Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12th Floor, Aldgate Tower, London, United Kingdom, E1W 9US.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Going concern

The accounts have been prepared on the going concern basis.

The accounts show that the company had net liabilities at the balance sheet date. The directors have therefore had to consider the appropriateness of the going concern basis.

The company has been able to finance its operations largely because of the support from the shareholders and other creditors. Were this support not available, the company may not be able to continue trading, The directors are satisfied that these creditors will continue to support the company for at least the next twelve months and that, with this continuing support, the company will be able to meet its liabilities as they fall due.

On the basis of the above, the directors consider it appropriate to prepare the accounts on a going concern basis.

1.3
Turnover

The turnover shown in the profit and loss account is derived from ordinary activities and represents the value of income due in the financial period, exclusive of Value Added Tax.

Room Income is recognised at the end of the financial day. Bar and restaurant takings are recognised at the point of sale.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

CRAIGLYNNE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
ACCOUNTING POLICIES
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Fixtures and fittings
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CRAIGLYNNE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
ACCOUNTING POLICIES
(Continued)
- 5 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
OPERATING (LOSS)/PROFIT
2025
2024
Operating (loss)/profit for the year is stated after charging:
£
£
3
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
38
40
CRAIGLYNNE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
4
IMPAIRMENTS

Impairment tests have been carried out where appropriate and the following impairment losses have been recognised in profit or loss:

2025
2024
Notes
£
£
In respect of:
Property, plant and equipment
5
193,372
-
0
Recognised in:
Administrative expenses
193,372
-
5
TANGIBLE FIXED ASSETS
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 May 2024
2,018,338
167,840
2,186,178
Additions
17,910
35,492
53,402
At 30 April 2025
2,036,248
203,332
2,239,580
Depreciation and impairment
At 1 May 2024
187,051
78,913
265,964
Depreciation charged in the year
41,986
38,258
80,244
Impairment losses
193,372
-
0
193,372
At 30 April 2025
422,409
117,171
539,580
Carrying amount
At 30 April 2025
1,613,839
86,161
1,700,000
At 30 April 2024
1,831,287
88,927
1,920,214
CRAIGLYNNE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 7 -
6
DEBTORS
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
45,271
63,303
Corporation tax recoverable
-
0
24
Other debtors
88,851
110,761
134,122
174,088
7
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Bank loans
839,188
855,128
Trade creditors
91,368
117,766
Taxation and social security
17,518
35,259
Other creditors
2,511,058
2,389,760
3,459,132
3,397,913

The above includes secured creditors of £839,188 (2024; £855,128). These balances are secured over the freehold property held by the company.

8
RELATED PARTY TRANSACTIONS
Transactions with related parties

During the year the company entered into the following transactions with related parties:

2025
2024
Amounts due to related parties
£
£
WPG Treasury Limited
1,781,373
1,647,622
Strandpark Properties Limited
312,925
289,244
Bespoke Hotels Chester Limited
312,925
289,244

Included within these balances is interest charged at a rate of BASE plus 3% per annum, subject to a minimum rate of 5% per annum.

9
PARENT COMPANY
CRAIGLYNNE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
9
PARENT COMPANY
(Continued)
- 8 -

The controlling party is deemed to be Pears Property Ventures Limited, which owns 50% of the allotted share capital of the company.

2025-04-30 2024-05-01 false false false 07 January 2026 CCH Software CCH Accounts Production 2025.200 The principal activities of the company during the financial year were those of a hotel and licensed restaurant.
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