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Company Registration No. 225383 (England and Wales)
Cradley Property Developments Limited Unaudited accounts for the year ended 31 December 2025
Cradley Property Developments Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Cradley Property Developments Limited Company Information for the year ended 31 December 2025
Director
B A Pegg
Secretary
S Pegg
Company Number
225383 (England and Wales)
Registered Office
12 Woodchester Hagley Nr Stourbridge West Midlands DY9 4RH
Accountants
D J Johnson Accountancy Services Limited 9 Green Bower Drive Woodland Grange Bromsgrove Worcestershire B61 0UN
- 3 -
Cradley Property Developments Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1
1
Investment property
5
633,750
633,750
633,751
633,751
Current assets
Debtors
6
324
10,169
Cash at bank and in hand
173,728
143,395
174,052
153,564
Creditors: amounts falling due within one year
7
(7,389)
(5,453)
Net current assets
166,663
148,111
Total assets less current liabilities
800,414
781,862
Provisions for liabilities
Deferred tax
(81,348)
(81,348)
Net assets
719,066
700,514
Capital and reserves
Called up share capital
17,020
17,020
Capital redemption reserve
5,000
5,000
Profit and loss account
697,046
678,494
Shareholders' funds
719,066
700,514
For the year ending 31 December 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
B A Pegg Director Company Registration No. 225383
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Cradley Property Developments Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Cradley Property Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 225383. The registered office is 12 Woodchester, Hagley, Nr Stourbridge, West Midlands, DY9 4RH.
2
Compliance with accounting standards
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.
3
Accounting policies
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties and certain financial instruments at fair value.
Presentation currency
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Turnover
Turnover is recognised at the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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 excluded 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. Deferred tax Deferred tax liabilities are generally for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from initial recognition of other assets and liabilities in a transaction that effects neither the tax profit nor the accounting profit.
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Cradley Property Developments Limited Notes to the Accounts for the year ended 31 December 2025
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of any depreciation and any impairment losses. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life , as follows: Plant and machinery 25% straight line 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 the profit or loss.
Investment properties
Investment properties are included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
The financial statements have been prepared on the going concern basis on the grounds that the director believes that there is sufficient funding in place to support the business for the next twelve months from the date of approval of the financial statements.
Financial instruments
The company has elected to apply the provisions of section 11 'Basic 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 and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 6 -
Cradley Property Developments Limited Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 January 2025
400
At 31 December 2025
400
Depreciation
At 1 January 2025
399
At 31 December 2025
399
Net book value
At 31 December 2025
1
At 31 December 2024
1
5
Investment property
2025
£
Fair value at 1 January 2025
633,750
At 31 December 2025
633,750
The investment properties were revalued in 2020 by Lex Allan Limited estate agents at £633,750. The director considers the values of the properties at 31 December 2025 not to be materially different from the 2020 valuation by Lex Allan Limited.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
998
Other debtors
324
9,171
324
10,169
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
4,352
4,553
Loans from directors
2,062
-
Accruals
975
900
7,389
5,453
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
B A Pegg
8,883
19,250
30,195
(2,062)
8,883
19,250
30,195
(2,062)
- 7 -
Cradley Property Developments Limited Notes to the Accounts for the year ended 31 December 2025
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 8 -