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Registered number: NI702717
Cute Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Satori Accounting
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: NI702717
2026 2025
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 180,000 180,000
180,000 180,000
CURRENT ASSETS
Cash at bank and in hand 112,325 29,343
112,325 29,343
Creditors: Amounts Falling Due Within One Year 5 (2,674 ) (2,091 )
NET CURRENT ASSETS (LIABILITIES) 109,651 27,252
TOTAL ASSETS LESS CURRENT LIABILITIES 289,651 207,252
Creditors: Amounts Falling Due After More Than One Year 6 (226,034 ) (155,035 )
NET ASSETS 63,617 52,217
CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 8 46,062 46,062
Income Statement 17,554 6,154
SHAREHOLDERS' FUNDS 63,617 52,217
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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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Kevin McMacken
Director
2 October 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cute Properties Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI702717 . The registered office is 33 Tracys Way, Dungiven, Derry, BT47 4JZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.3. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102.
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.
Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled and any impairment losses.
Trade debtors are assessed for impairment at the end of each reporting period and an allowance is recognised where there is objective evidence of impairment.
Basic financial liabilities, including trade and other creditors and the company credit card, are initially recognised at transaction price and subsequently measured at amortised cost.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
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4. Investment Property
2026
£
Fair Value
As at 1 April 2025 and 31 March 2026 180,000
5. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other creditors - 648
Taxation and social security 2,674 1,443
2,674 2,091
6. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Other creditors 226,034 155,035
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
8. Reserves
Revaluation reserve Income Statement
£ £
As at 1 April 2025 46,062 6,154
Profit for the year and total comprehensive income - 11,400
As at 31 March 2026 46,062 17,554
9. Related Party Transactions
During the year, the following transactions arose between other group companies as follows:
Bradagh Interiors Limited
  • Expenses paid by Bradagh = £ 0
  • Funds received from Bradagh = £ 100,000
  • Funds repaid to Bradagh = £29,000
  • Owed to Bradagh at year-end date = £ 92,097
Ikigae Limited - parent company (100% holding company)
  • Owed to Ikigae Ltd at year-end date = £ 133,937
All amounts owed above are included within "Other Creditors" due after more than one year.
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10. Ultimate Controlling Party
The company's ultimate controlling party is Ikigae Limited by virtue of his ownership of 100% of the issued share capital in the company.
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