Cro Magnon Property Limited - Filleted accounts

Registered number

10744613

Cro Magnon Property Limited

Filleted Accounts

31 December 2025

Cro Magnon Property Limited
Registered number:		10744613
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		398,155			417,206

Current assets
Debtors	4	5,127			3,825
Cash at bank and in hand		594			532
		5,721			4,357

Creditors: amounts falling due within one year	5	(88,548)			(79,729)

Net current liabilities			(82,827)			(75,372)

Total assets less current liabilities			315,328			341,834

Creditors: amounts falling due after more than one year	6		(192,438)			(192,438)

Provisions for liabilities			(22,734)			(27,153)


Net assets			100,156			122,243

Capital and reserves
Called up share capital			1			1
Revaluation reserve	7		123,702			142,702
Profit and loss account			(23,547)			(20,460)

Shareholder's funds			100,156			122,243

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Matthew Powell
Director
Approved by the board on 15 September 2026

Cro Magnon Property Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and buildings	Not depreciated
	Plant and machinery	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2025	417,000		1,350		418,350
	Surplus on revaluation	(19,000)		-		(19,000)
	At 31 December 2025	398,000		1,350		399,350

	Depreciation
	At 1 January 2025	-		1,144		1,144
	Charge for the year	-		51		51
	At 31 December 2025	-		1,195		1,195

	Net book value
	At 31 December 2025	398,000		155		398,155
	At 31 December 2024	417,000		206		417,206
	Land and buildings were revalued to their estimated fair value as at 31 December 2025. The valuation was determined with reference to market data and comparable property values available from Zoopla at the valuation date.


4	Debtors			2025		2024
£					£

	Other debtors			5,127		3,825


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			1,097		1,019
	Other creditors			87,451		78,710
				88,548		79,729


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			192,438		192,438


7	Revaluation reserve			2025		2024
£					£

	At 1 January 2025			142,702		97,627
	(Loss)/gain on revaluation of land and buildings			(19,000)		45,075

	At 31 December 2025			123,702		142,702


8	Basis of preparation

	At the period end, the company’s balance sheet showed net current liabilities of £82,827 (2024: £75,372). This includes £86,965 (2024: £73,740) payable to Mr Matthew Powell, director. The director has indicated that he will continue to support the company financially until such time that it can afford to repay him. On this basis, the director feels it is appropriate that the accounts are prepared on a going concern basis.


9	Related party transactions

	At the period end the company owed £86,965 (2024: £73,740) to Mr Matthew Powell, director. The loan is interest free and repayable on demand.


10	Controlling party

	The company is ultimately controlled by Mr Matthew Powell, director, who owns 100% of the issued share capital.


11	Other information

	Cro Magnon Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 3 Building B Green Court
	Truro Business Park, Threemilestone
	Truro
	Cornwall
	TR4 9LF