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Company No: 02828330 (England and Wales)

# CRAWLEY FOREST PRODUCTS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

CRAWLEY FOREST PRODUCTS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

CRAWLEY FOREST PRODUCTS LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
CRAWLEY FOREST PRODUCTS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

Directors | Peter James Booth
| Graham Bruce John Grant Boyd
| David Charles Gibbs
| Clive Anthony Wheatley

Secretary | P A Leach

Registered office | The Old Dairy St. Marys Road
| Aldeby
| Beccles
| NR34 0BD
| United Kingdom

Company number | 02828330 (England and Wales)

Accountant | Kreston Reeves LLP
| 2nd Floor, Maritime Place
| Quayside
| Chatham Maritime
| Chatham
| Kent
| ME4 4QZ

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CRAWLEY FOREST PRODUCTS LIMITED

For the financial year ended 31 December 2025

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CRAWLEY FOREST PRODUCTS LIMITED (continued)

For the financial year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crawley Forest Products Limited for the financial year ended 31 December 2025 which comprise the Balance Sheet and the related notes 1 to 11 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of Crawley Forest Products Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Crawley Forest Products Limited and state those matters that we have agreed to state to the Board of Directors of Crawley Forest Products Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crawley Forest Products Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Crawley Forest Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crawley Forest Products Limited. You consider that Crawley Forest Products Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Crawley Forest Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

08 June 2026

CRAWLEY FOREST PRODUCTS LIMITED

## BALANCE SHEET

As at 31 December 2025
CRAWLEY FOREST PRODUCTS LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 531 |  | 959
Investment property | 4 | 2,965,000 |  | 2,965,000
|  | 2,965,531 |  | 2,965,959
Current assets |  |  |  |
Debtors | 5 | 11,744 |  | 8,872
Cash at bank and in hand |  | 35,782 |  | 23,934
|  | 47,526 |  | 32,806
Creditors: amounts falling due within one year | 6 | ( 47,184) |  | ( 86,703)
Net current assets/(liabilities) |  | 342 |  | (53,897)
Total assets less current liabilities |  | 2,965,873 |  | 2,912,062
Creditors: amounts falling due after more than one year | 7 | ( 137,154) |  | ( 100,000)
Provision for liabilities | 8 | ( 229,239) |  | ( 229,239)
Net assets |  | 2,599,480 |  | 2,582,823
Capital and reserves |  |  |  |
Called-up share capital | 9 | 29,412 |  | 29,412
Share premium account |  | 95,588 |  | 95,588
Revaluation reserve |  | 1,122,163 |  | 1,122,163
Profit and loss account | 11 | 1,352,317 |  | 1,335,660
Total shareholders' funds |  | 2,599,480 |  | 2,582,823

For the financial 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.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Crawley Forest Products Limited (registered number: 02828330) were approved and authorised for issue by the Board of Directors on 06 June 2026. They were signed on its behalf by:

Clive Anthony Wheatley Director |  | Graham Bruce John Grant Boyd Director

CRAWLEY FOREST PRODUCTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
CRAWLEY FOREST PRODUCTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Crawley Forest Products Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Old Dairy St. Marys Road, Aldeby, Beccles, NR34 0BD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

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 fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised in profit or loss using the effective interest method.

##### Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles | 5 years straight line
Office equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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 profit or loss.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### 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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 5

#### 3. Tangible assets

| Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2025 | 37,823 |  | 3,092 |  | 40,915
At 31 December 2025 | 37,823 |  | 3,092 |  | 40,915
Accumulated depreciation |  |  |  |  |
At 01 January 2025 | 37,823 |  | 2,133 |  | 39,956
Charge for the financial year | 0 |  | 428 |  | 428
At 31 December 2025 | 37,823 |  | 2,561 |  | 40,384
Net book value |  |  |  |  |
At 31 December 2025 | 0 |  | 531 |  | 531
At 31 December 2024 | 0 |  | 959 |  | 959

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 January 2025 | 2,965,000
As at 31 December 2025 | 2,965,000

The 2025 valuations are made by the directors of the company on an open market value for existing use basis.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 5,072 |  | 4,517
Prepayments | 6,672 |  | 4,355
| 11,744 |  | 8,872

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 10,000 |  | 0
Trade creditors | 5,804 |  | 4,782
Accruals | 18,294 |  | 33,824
Taxation and social security | 13,086 |  | 24,359
Other creditors | 0 |  | 23,738
| 47,184 |  | 86,703

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 137,154 |  | 0
Other creditors | 0 |  | 100,000
| 137,154 |  | 100,000

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 229,239) |  | ( 259,169)
Credited to the Profit and Loss Account | 0 |  | 29,930
At the end of financial year | ( 229,239) |  | ( 229,239)

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
117,647 Ordinary shares of £ 0.25 each | 29,412 |  | 29,412
Nil Preference shares (2024: 100,000 shares of £ 1.00 each) | 0 |  | 100,000
| 29,412 |  | 129,412

Preference Shares were redeemed during the year. At the balance sheet date these shares have been fully redeemed however they are included to show their historical issuance and subsequent redemption.

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Dividends paid to shareholders who are also directors during the year | 16,600 |  | 0
Redemption of redeemable preference shares owned by a director | 100,000 |  | 0

All transactions with related parties, including any directors remuneration payable, were completed at a normal market rate.

#### 11. Reserves

Share premium account

This represents the excess paid for share capital above its nominal value.

Investment property revaluation reserve

This represents the revaluation surplus on the company's freehold properties and land after deducting deferred tax.

Profit and loss account

This represents the retained profits after taxation available for distribution to members.