Company registration number 08677362 (England and Wales)
CROVE PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
CROVE PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CROVE PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
2,697,239
2,697,239
Current assets
Debtors
5
1,843,463
1,648,358
Cash at bank and in hand
134,869
179,493
1,978,332
1,827,851
Creditors: amounts falling due within one year
6
(2,103,795)
(2,002,132)
Net current liabilities
(125,463)
(174,281)
Total assets less current liabilities
2,571,776
2,522,958
Creditors: amounts falling due after more than one year
7
(1,845,000)
(1,845,000)
Net assets
726,776
677,958
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
726,774
677,956
Total equity
726,776
677,958

For the financial year ended 31 August 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.

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 11 May 2026 and are signed on its behalf by:
B O'Donnell
Director
Company registration number 08677362 (England and Wales)
CROVE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Crove Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 28 Bellfield Avenue, Harrow, HA3 6SX.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is dependent upon the continued support from a related company. true

Assurances have been received from the related company and directors that existing liabilities will not be called upon until Crove Properties Limited is in a position to repay them. In addition, indications have been given that continued funding will be provided to support Crove Properties Limited for the foreseeable future and to enable it to meet its day-to-day commitments from cash flows.

As a consequence, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. In view of the above, and a t the time of approving the financial statements, t he director s ha ve a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director s continue to adopt the going concern basis of accounting in preparing the financial statements.

If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for further liabilities that might arise and to reclassify fixed assets as current assets.

1.3
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

The company recognises revenue from the following major sources:

- Rent receivable

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Rent receivable

Turnover is the amount derived from ordinary activities, being mainly rents, licence fees and related income, and revenues derived from the sale of properties.

Disposals of properties are accounted for at the date of exchange where there is a legally binding, unconditional contract and where completion takes place by the date of approval of the financial statements.

CROVE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Investment property

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. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
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.

1.6
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.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.8
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

CROVE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Impairment review of Investment property

Management regularly review the current market value, rental market and rental yields of its investment properties.

Recoverability of intercompany balances

Management regularly review intercompany balances for recoverability.

3
Employees

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

2025
2024
Number
Number
Total
2
2

No remuneration was paid to the directors.

4
Investment property
2025
£
Fair value
At 1 September 2024 and 31 August 2025
2,697,239

Investment property includes freehold land. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director made on an open market value basis by reference to market evidence of transaction prices for similar properties. The director confirms that there has been no change in value since the land was acquired in October 2019.

Investment property also include three leasehold properties. The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the director made on an open market value basis by reference to market evidence of transaction prices for similar properties. All three properties were rented out during the year.

CROVE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
1,800
Amounts owed by group undertakings and undertakings in which the company has a participating interest
80,000
80,000
Other debtors
1,763,463
1,566,558
1,843,463
1,648,358

Other debtors includes amounts owed by related companies, that are unsecured, interest-free and repayable on demand, with no fixed repayment terms.

6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
4,294
120
Taxation and social security
16,273
18,351
Other creditors
2,083,228
1,983,661
2,103,795
2,002,132

Other creditors falling due within one year, include amounts owed to related companies that are unsecured, interest-free and repayable on demand, with no fixed repayment terms.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,845,000
1,845,000

Other creditors falling due after more than one year, include amounts owed to a related company. The amounts are unsecured, repayable between 2 and 5 years at an interest rate of 4%.

8
Operating lease commitments

The operating leases represent several leases, two to related companies and three to non-corporate third part ies. The leases are negotiated over terms ranging between 1-10 years and rentals are fixed for 1-10 years.

2025
2024
Future amounts receivable under operating leases:
£
£
Total commitments
120,393
214,900
2025-08-31 2024-09-01 false false false 11 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity P O'Donnell B O'Donnell 08677362 2024-09-01 2025-08-31 08677362 2025-08-31 08677362 2024-08-31 08677362 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 08677362 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 08677362 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 08677362 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 08677362 core:CurrentFinancialInstruments 2025-08-31 08677362 core:CurrentFinancialInstruments 2024-08-31 08677362 core:ShareCapital 2025-08-31 08677362 core:ShareCapital 2024-08-31 08677362 core:RetainedEarningsAccumulatedLosses 2025-08-31 08677362 core:RetainedEarningsAccumulatedLosses 2024-08-31 08677362 bus:Director2 2024-09-01 2025-08-31 08677362 2023-09-01 2024-08-31 08677362 2024-08-31 08677362 core:Non-currentFinancialInstruments 2025-08-31 08677362 core:Non-currentFinancialInstruments 2024-08-31 08677362 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 08677362 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 08677362 bus:FRS102 2024-09-01 2025-08-31 08677362 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 08677362 bus:Director1 2024-09-01 2025-08-31 08677362 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP