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Company registration number: 03664298
CREST HOUSE PROPERTY LIMITED
Unaudited filleted financial statements
31 March 2026
CREST HOUSE PROPERTY LIMITED
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
CREST HOUSE PROPERTY LIMITED
Directors and other information

| Directors | D E West
|  | Mrs J R Carr
|  | L West
| Secretary | Mrs J R Carr
| Company number | 03664298
| Registered office | 43 Maxwell Street
|  | South Shields
|  | Tyne and Wear
| Business address | 43 Maxwell Street
|  | South Shields
|  | Tyne and Wear

| Bankers | Lloyds Bank Plc
|  | 101 King Street
|  | South Shields
|  | Tyne & Wear

CREST HOUSE PROPERTY LIMITED
Statement of financial position
31st March 2026

|  |  | 2026 |  |  |  | 2025 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 8,334,801 |  |  |  | 8,404,801 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 8,334,801 |  |  |  | 8,404,801
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 6 | 64,927 |  |  |  | 65,202 |  |
Cash at bank and in hand |  |  | 132,686 |  |  |  | 101,291 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 197,613 |  |  |  | 166,493 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 1,083,384) |  |  |  | ( 2,489,899) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 885,771) |  |  |  | ( 2,323,406)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 7,449,030 |  |  |  | 6,081,395
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 8 |  |  | ( 2,314,809) |  |  |  | ( 1,003,669)
Provisions for liabilities |  |  |  |  | ( 728,977) |  |  |  | ( 746,477)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 4,405,244 |  |  |  | 4,331,249
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 600 |  |  |  | 600
Profit and loss account |  |  |  |  | 4,404,644 |  |  |  | 4,330,649
|  |  |  |  | _______ |  |  |  | _______
Shareholder funds |  |  |  |  | 4,405,244 |  |  |  | 4,331,249
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has 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 Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 May 2026 , and are signed on behalf of the board by:
D E West
Director
Company registration number: 03664298
CREST HOUSE PROPERTY LIMITED
Notes to the financial statements
Year ended 31st March 2026
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Crest House Property Limited, 43 Maxwell Street, South Shields, Tyne and Wear.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Income represents the value of rents due for the year and is attributable to the one principle activity of the company which arose wholly in the United Kingdom.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2025: 3 ).
5. Tangible assets

|  | Freehold property | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost or valuation |  |  |  |  |  |  |
| At 1st April 2025 | 8,404,801 | 8,404,801 |  |  |  |  |
| Revaluation | ( 70,000) | ( 70,000) |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31st March 2026 | 8,334,801 | 8,334,801 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1st April 2025 and 31st March 2026 | - | - |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31st March 2026 | 8,334,801 | 8,334,801 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31st March 2025 | 8,404,801 | 8,404,801 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

Investment property
A proportion of the investment properties were valued on the 12th December 2025 by external valuers, Watsons, and in the opinion of the directors there was no change in these fair values by 31st March 2026. The remaining investment properties were revalued to fair value on 31st March 2026 by one of the directors, who has extensive experience of the property market in which the company operates.
6. Debtors

|  |  | 2026 | 2025
|  |  | £ | £
| Trade debtors |  | 627 | 933
| Other debtors |  | 64,300 | 64,269
|  |  | _______ | _______
|  |  | 64,927 | 65,202
|  |  | _______ | _______

7. Creditors: amounts falling due within one year

|  |  | 2026 | 2025
|  |  | £ | £
| Bank loans and overdrafts |  | 90,029 | 1,497,483
| Trade creditors |  | 23,746 | 24,927
| Corporation tax |  | 42,343 | 37,201
| Other creditors |  | 927,266 | 930,288
|  |  | _______ | _______
|  |  | 1,083,384 | 2,489,899
|  |  | _______ | _______

The bank loan of £90,029 (2025: £1,497,483) due to Lloyds Bank plc is secured by a first legal charge over the investment properties and a debenture over all the assets of the company.
8. Creditors: amounts falling due after more than one year

|  |  | 2026 | 2025
|  |  | £ | £
| Bank loans and overdrafts |  | 2,314,809 | 1,003,669
|  |  | _______ | _______

The bank loan of £2,314,809 (2025: £1,003,669) due to Lloyds Bank plc is secured by a first legal charge over the investment properties and a debenture over all the assets of the company.
Included within creditors: amounts falling due after more than one year is an amount of £ 656,241 (2025 £ 607,161 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The company has three loans repayable over 5 years with the longest being 25 years from December 2013. Interest payable ranges from base plus 1.89% to base plus 2.40% and all loans are basic financial instruments.
9. Directors advances, credits and guarantees

| During the year the directors entered into the following advances and credits with the company: |  |  |  |  |  |
2026 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing |  |
|  | £ | £ | £ | £ |  |
| D E West | ( 7,129) | 3,002 | ( 941) | ( 5,068) |  |
|  | _______ | _______ | _______ | _______ |  |
2025 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing |  |
|  | £ | £ | £ | £ |  |
| D E West | ( 13,598) | 11,447 | ( 4,978) | ( 7,129) |  |
|  | _______ | _______ | _______ | _______ |  |

The above loan is unsecured, interest free and repayable on demand.
10. Controlling party
The controlling party is Mr D E West , a director.