Crownaxe Properties Limited - Filleted accounts

Registered number

02030981

Crownaxe Properties Limited

Filleted Accounts

31 July 2025

Crownaxe Properties Limited
Registered number:		02030981
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		275			367
Investment property	4		1,050,000			988,000
			1,050,275			988,367
Current assets
Debtors	5	328			300
Cash at bank and in hand		30,440			22,254
		30,768			22,554

Creditors: amounts falling due within one year	6	(27,160)			(29,260)

Net current assets/(liabilities)			3,608			(6,706)

Total assets less current liabilities			1,053,883			981,661

Provisions for liabilities			(214,000)			(201,000)

Net assets			839,883			780,661

Capital and reserves
Called up share capital			4			4
Fair value reserve	7		222,377			222,377
Profit and loss account			617,502			558,280

Shareholders' funds			839,883			780,661

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


John Chatwin
Director
Approved by the board on 28 April 2026

Crownaxe Properties Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents rental income receivable in the period.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided to write off the cost less residual value over the estimated useful life as follows:

	Fixtures, fittings, tools and equipment	25% per annum reducing balance

	Investment properties
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure and then subsequently measures at fair value. Changes in value are recognised in profit or loss. The fair value has been determined by the directors by reference to market evidence of transaction prices for similar properties. No independent valuation has been obtained.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax on investment property has been calculated on the assumption that the properties will be realised at their carrying value.

	Provisions
	Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company (including directors)		2		2


3	Tangible fixed assets
			Fixtures, fittings, tools and equipment		Total
£				£
	Cost
	At 1 August 2024		3,309		3,309
	At 31 July 2025		3,309		3,309

	Depreciation
	At 1 August 2024		2,942		2,942
	Charge for the year		92		92
	At 31 July 2025		3,034		3,034

	Net book value
	At 31 July 2025		275		275
	At 31 July 2024		367		367


4	Investment property		2025		2024
£				£

	Fair value
	At 1 August 2024		988,000		875,000
	Surplus on revaluation		62,000		113,000
	Disposal		-		-
	At 31 July 2025		1,050,000		988,000

	Investment properties were revalued at fair value by the directors as at 31 July 2025. The valuations were made on an open market basis by reference to market evidence of transaction prices for similar properties. The directors intend to realise the properties over the medium term and deferred tax has been provided accordingly.


5	Debtors		2025		2024
£				£

	Other debtors		328		300


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		12,951		11,745
	Taxation and social security costs		13,039		5,051
	Other creditors		1,170		12,464
			27,160		29,260


7	Fair value reserve		2025		2024
£				£

	At 1 August 2024		222,377		222,377

	At 31 July 2025		222,377		222,377


8	Other information

	Crownaxe Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	24 Upper High Street
	Cradley Heath
	Sandwell
	West Midlands
	B64 5HX