Company Registration No. 10921636 (England and Wales)
CUTTING EDGE PROPERTY LIMITED
Unaudited accounts
for the year ended 31 August 2025
CUTTING EDGE PROPERTY LIMITED
Unaudited accounts
Contents
CUTTING EDGE PROPERTY LIMITED
Company Information
for the year ended 31 August 2025
Director
Ivan Francis Clements
Company Number
10921636 (England and Wales)
Registered Office
53 FAIRWAYS
DYKE ROAD
BRIGHTON
BN1 5AD
UNITED KINGDOM
Accountants
Sussex Professional Services
37 Coolham Drive
Brighton
East Sussex
BN2 5HU
CUTTING EDGE PROPERTY LIMITED
Statement of financial position
as at 31 August 2025
Tangible assets
597,182
597,182
Cash at bank and in hand
12,126
9,033
Creditors: amounts falling due within one year
(105,012)
(109,229)
Net current liabilities
(4,629)
(10,751)
Total assets less current liabilities
592,553
586,431
Creditors: amounts falling due after more than one year
(353,741)
(353,741)
Net assets
238,812
232,690
Called up share capital
100
100
Share premium
223,129
223,129
Profit and loss account
15,583
9,461
Shareholders' funds
238,812
232,690
For the year ending 31 August 2025 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 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 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 and authorised for issue on 29 May 2026 and were signed on its behalf by
Ivan Francis Clements
Director
Company Registration No. 10921636
CUTTING EDGE PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 August 2025
CUTTING EDGE PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10921636. The registered office is 53 FAIRWAYS, DYKE ROAD, BRIGHTON, BN1 5AD, UNITED KINGDOM.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Changes in fair value are recognised in the profit and loss account.
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:
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Tangible fixed assets
Land & buildings
At 1 September 2024
597,374
CUTTING EDGE PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 August 2025
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
85,655
85,655
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
31,148
31,148
Taxes and social security
(2,055)
(2,055)
Other creditors
(44,200)
(32,000)
Loans from directors
120,119
112,136
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Creditors: amounts falling due after more than one year
2025
2024
Bank loans
353,741
353,741
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).