Company registration number 02515386 (England and Wales)
C.V.R.A. LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
C.V.R.A. LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
C.V.R.A. LIMITED
BALANCE SHEET
AS AT
23 JUNE 2025
23 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
890,000
890,000
Current assets
Debtors
4
36,037
76,852
Cash at bank and in hand
333,011
296,298
369,048
373,150
Creditors: amounts falling due within one year
5
(9,572)
(6,182)
Net current assets
359,476
366,968
Total assets less current liabilities
1,249,476
1,256,968
Provisions for liabilities
6
(195,279)
(195,279)
Net assets
1,054,197
1,061,689
Capital and reserves
Called up share capital
48
48
Capital redemption reserve
1
1
Investment property reserve
634,120
634,120
Profit and loss reserves
420,028
427,520
Total equity
1,054,197
1,061,689

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 23 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

C.V.R.A. LIMITED
BALANCE SHEET (CONTINUED)
AS AT
23 JUNE 2025
23 June 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 20 August 2026 and are signed on its behalf by:
Dr D Sharpe
Director
Company Registration No. 02515386
C.V.R.A. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 JUNE 2025
- 3 -
1
Accounting policies
Company information

C.V.R.A. Limited is a private company limited by shares incorporated in England and Wales. The registered office is , 3rd floor Collegiate House, 9 St Thomas Street, London, United Kingdom, SE1 9RY.

1.1
Accounting convention

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover represents ground rents receivable.
1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value as the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. The fair value movements in investment property valuations and the associated deferred tax are then transferred out of the profit and loss reserves into the investment property reserve.

1.4
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial 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 amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

C.V.R.A. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 23 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

1.7
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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

There were no employees during current and previous year.

3
Investment property
2025
£
Fair value
At 24 June 2024 and 23 June 2025
890,000

Investment property comprises of a freehold property. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors on an open market valuation basis.

C.V.R.A. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 23 JUNE 2025
3
Investment property
(Continued)
- 5 -
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
60,601
60,601
Accumulated depreciation
-
-
Carrying amount
60,601
60,601
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
60
676
Corporation tax recoverable
3,413
10,052
Other debtors
32,564
66,124
36,037
76,852
5
Creditors: amounts falling due within one year
2025
2024
£
£
Debenture loans
1,269
1,269
Trade creditors
3,998
608
Accruals
4,305
4,305
9,572
6,182
6
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
195,279
195,279

The deferred tax liability in the accounts relates solely to the potential taxation liability if the investment proper ty w as sold at its market value. The full amount of the deferred tax provision is transferred from the profit and loss reserves to the investment property reserve.

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