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Registered number: 14170980
Crossways Properties Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Crossways Properties Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Crossways Properties Limited
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 14170980

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 943,648 |  | 650,000
|  |  | 943,648 |  | 650,000
CURRENT ASSETS
Debtors | 5 | 2,682 |  | 2,390 |
Cash at bank and in hand |  | 12,776 |  | 6,756 |
|  | 15,458 |  | 9,146 |
Creditors: Amounts Falling Due Within One Year | 6 | (79,345 ) |  | (13,720 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (63,887 ) |  | (4,574 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 879,761 |  | 645,426
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (804,595 ) |  | (557,671 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (26,888 ) |  | (26,888 )
NET ASSETS |  |  | 48,278 |  | 60,867
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Fair value reserve | 10 |  | 80,664 |  | 80,664
Profit and Loss Account |  |  | (32,486 ) |  | (19,897 )
SHAREHOLDERS' FUNDS |  |  | 48,278 |  | 60,867

Page 1
Page 2
Crossways Properties Limited
Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 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 Richard Davies Director
24 February 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Crossways Properties Limited
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Crossways Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14170980 . The registered office is 42 Chartwell Road, Hereford, Herefordshire, HR1 2TU.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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.
2.4. Financial Instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year or on demand are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other operating expenses.
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in nonconvertible preference and non puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are intially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Directors loans are recognised at transaction price.
Page 3
Page 4
Crossways Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 June 2024 | 650,000
Additions | 293,648
As at 31 May 2025 | 943,648

The directors have valued investment properties at market value as at 31 May 2025.
Page 4
Page 5
Crossways Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 220 |  | -
Amounts owed by parent undertakings | 2,462 |  | 2,390
| 2,682 |  | 2,390

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 71 |  | (1 )
Other creditors | 70,709 |  | 4,200
Accruals and deferred income | 3,008 |  | 2,591
Director's loan account | 5,557 |  | 6,930
| 79,345 |  | 13,720

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 290,777 |  | 131,353
Other creditors | 513,818 |  | 426,318
| 804,595 |  | 557,671

Of the creditors falling due after more than one year the following amounts are due after more than five years.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 290,777 |  | 131,353

8. Secured Creditors
Of the creditors the following amounts are secured by a fixed charge over the company's investment properties, 93 Whittern Way and 52 St Guthlac Street.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 290,777 |  | 131,353

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 5
Page 6
Crossways Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
10. Reserves

| Other reserves | Fair value reserve | Profit and Loss Account
--- | --- | --- | ---
| £ | £ | £
As at 1 June 2024 | - | 80,664 | (19,897 )
Loss for the year and total comprehensive income | - | - | (12,589 )
As at 31 May 2025 | - | 80,664 | (32,486 )

11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Wibbly Wobbly Holdings Ltd . Wibbly Wobbly Holdings Ltd was incorporated in England & Wales. The registered office address is 42 Chartwell Road, Hereford, Herefordshire, HR1 2TU. The ultimate controlling party is Mr R Davies who controls 100% of the shares of Wibbly Wobbly Holdings Ltd.
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