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Company Registration No. 03667922 (England and Wales)
Cromhall Limited Unaudited accounts for the year ended 31 July 2025
Cromhall Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Cromhall Limited Company Information for the year ended 31 July 2025
Directors
Simon Mitchell Christina Utilini
Company Number
03667922 (England and Wales)
Registered Office
Congress House 14 Lyon Road Harrow Middlesex HA1 2EN England
Accountants
Balmoral Consultancy Services Limited Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Cromhall Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
6,081
6,312
Investment property
5
2,035,600
2,035,600
2,041,681
2,041,912
Current assets
Debtors
6
1,845,443
1,838,089
Cash at bank and in hand
4,418
5,511
1,849,861
1,843,600
Creditors: amounts falling due within one year
7
(247,807)
(257,836)
Net current assets
1,602,054
1,585,764
Total assets less current liabilities
3,643,735
3,627,676
Provisions for liabilities
Deferred tax
(108,449)
(108,449)
Net assets
3,535,286
3,519,227
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
3,535,285
3,519,226
Shareholders' funds
3,535,286
3,519,227
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 17 July 2026 and were signed on its behalf by
Simon Mitchell Director Company Registration No. 03667922
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Cromhall Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Cromhall Limited is a private company, limited by shares, registered in England and Wales, registration number 03667922. The registered office is Congress House, 14 Lyon Road, Harrow, Middlesex, HA1 2EN, England.
2
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.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Plant & machinery
20% reducing balance
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 at the reporting end date. The surplus or deficit on revaluation is recognised in the Statement of Income and Retained Earnings.
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Recoverable amount is the higher of fair value less costs to sell and value in use.
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Cromhall Limited Notes to the Accounts for the year ended 31 July 2025
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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. Deferred tax Deferred tax liabilities are generally recognised 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 the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
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Cromhall Limited Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 August 2024
40,051
Additions
1,086
At 31 July 2025
41,137
Depreciation
At 1 August 2024
33,739
Charge for the year
1,317
At 31 July 2025
35,056
Net book value
At 31 July 2025
6,081
At 31 July 2024
6,312
5
Investment property
2025
£
Fair value at 1 August 2024
2,035,600
At 31 July 2025
2,035,600
The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the director at the balance sheet date. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties as far as possible. As at the balance sheet date, the retained profit and loss account reserves amounted to £3,535,285. These reserves include non-distributable reserves of £689,184 which have arisen on the fair value uplift on investment properties held.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
1,845,443
1,838,089
7
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
245,347
255,736
Accruals
2,460
2,100
247,807
257,836
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
10 Ordinary shares of £0.10 each
1
1
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Cromhall Limited Notes to the Accounts for the year ended 31 July 2025
9
Loans to directors
At the balance sheet date the sum of £245,347 (2024 : £255,736) was due to the director and shareholder, Simon Mitchell. There are no terms as to interest or repayment of this loan.
10
Controlling party
During the year under review, the company was under the control of Simon Mitchell and Christina Utilini.
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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