Cleopatra Property Investments Ltd 31/03/2026 iXBRL

Company registration number: 12713399

Cleopatra Property Investments Ltd

Unaudited filleted financial statements

31 March 2026

Cleopatra Property Investments Ltd

Contents

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Cleopatra Property Investments Ltd

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	1,750,000		1,750,000
Investments	6	17,250		17,250
		_______		_______
			1,767,250		1,767,250

Current assets
Debtors	7	742		1,945
Cash at bank and in hand		20,436		2,794
		_______		_______
		21,178		4,739
Creditors: amounts falling due
within one year	8	( 1,510,436)		( 888,264)
		_______		_______
Net current liabilities			( 1,489,258)		( 883,525)
			_______		_______
Total assets less current liabilities			277,992		883,725

Creditors: amounts falling due
after more than one year	9		-		( 612,500)

Provisions for liabilities			( 80,245)		( 78,338)

			_______		_______
Net assets			197,747		192,887
			_______		_______

Capital and reserves
Called up share capital			1		1
Fair value reserve			259,904		259,904
Profit and loss account			( 62,158)		( 67,018)
			_______		_______
Shareholder funds			197,747		192,887
			_______		_______

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.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 19 October 2026 , and are signed on behalf of the board by:

Ms Penelope Cheshire

Director

Company registration number: 12713399

Cleopatra Property Investments Ltd

Statement of changes in equity

Year ended 31 March 2026

	Called up share capital	Fair value reserve	Profit and loss account	Total
	£	£	£	£


At 1 April 2024	1	259,904	( 50,264)	209,641

Profit/(loss) for the year			( 16,754)	( 16,754)
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	( 16,754)	( 16,754)

	_______	_______	_______	_______
At 31 March 2025 and 1 April 2025	1	259,904	( 67,018)	192,887

Profit/(loss) for the year			4,860	4,860
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	4,860	4,860

	_______	_______	_______	_______
At 31 March 2026	1	259,904	( 62,158)	197,747
	_______	_______	_______	_______

Cleopatra Property Investments Ltd

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Ann's Mount, 166 Prescot Road, St Helens, Merseyside, WA10 3TS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the property rental income receivable, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at fair value with changes in fair value recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

The aggregate payroll costs incurred during the year were:

	2026	2025
	£	£
Wages and salaries	31,740	30,000
Other pension costs	763	713
	_______	_______
	32,503	30,713
	_______	_______

5. Tangible assets

	Freehold property	Long leasehold property	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	150,000	1,600,000	1,750,000
	_______	_______	_______
Depreciation
At 1 April 2025 and 31 March 2026	-	-	-
	_______	_______	_______
Carrying amount
At 31 March 2026	150,000	1,600,000	1,750,000
	_______	_______	_______
At 31 March 2025	150,000	1,600,000	1,750,000
	_______	_______	_______

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold property	Long leasehold property	Total
	£	£	£
At 31 March 2026
Aggregate cost	62,974	1,340,487	1,403,461
Aggregate depreciation	(6,300)	(73,727)	(80,027)
	_______	_______	_______
Carrying amount	56,674	1,266,760	1,323,434
	_______	_______	_______

At 31 March 2025
Aggregate cost	62,974	1,340,487	1,403,461
Aggregate depreciation	(5,670)	(60,322)	(65,992)
	_______	_______	_______
Carrying amount	57,304	1,280,165	1,337,469
	_______	_______	_______

Valuation of the freehold and long leasehold property at the balance sheet date has been provided by the director, based on a knowledge of the the local property market, although no formal valuation was conducted.

6. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	17,250	17,250
	_______	_______
Impairment
At 1 April 2025 and 31 March 2026	-	-
	_______	_______
Carrying amount
At 31 March 2026	17,250	17,250
	_______	_______
At 31 March 2025	17,250	17,250
	_______	_______

7. Debtors

	2026	2025
	£	£
Other debtors	742	1,945
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	612,500	-
Trade creditors	906	1,200
Amounts owed to group undertakings and undertakings in which the company has a participating interest	838,914	836,840
Social security and other taxes	9,913	12,618
Other creditors	48,203	37,606
	_______	_______
	1,510,436	888,264
	_______	_______

The bank loan due within one year amounting to £612,500 (2025: £Nil) is a fixed term variable rate interest only loan secured by way of a fixed charge over all assets of the company, and is repayable in full in November 2026. The director expects that a new loan facility for the £612,500 will be granted from the bank on the expiry of the current loan.

Included in the above balance owed to group undertakings is an amount of £819,314 (2025: £817,240) owed to the company's parent company, of which the company is a 100% subsidiary. The amount due to the parent company is repayable on demand and interest is not being charged. Also included in the above amount owed to group undertakings is an amount of £19,600 (2025: £19,600) owed to another group company. The amount owed to this group company is repayable on demand and interest is not being charged.

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	-	612,500
	_______	_______

10. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2026	2025
	£	£
Financial assets that are debt instruments measured at amortised cost
Other debtors	742	1,945
Cash at bank and in hand	20,436	2,794
	_______	_______
	21,178	4,739
	_______	_______

Financial liabilities measured at amortised cost
Bank and other loans	612,500	612,500
Trade creditors	906	1,200
Other creditors	48,203	37,606
Amounts owed to group undertakings	838,914	836,840
Social security and other taxes	9,913	12,618
	_______	_______
	1,510,436	1,500,764
	_______	_______

11. Fair value reserve

Included within other reserves is the fair value reserve as follows:

	2026	2025
	£	£
At start of year	259,904	259,904
	_______	_______
At end of year	259,904	259,904
	_______	_______

The Fair Value Reserve represents non-distributable unrealised gains on fair value adjustments to investment property net of deferred tax provided.

12. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2026
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Ms Penelope Cheshire	-	-	-
		_______	_______	_______

2025
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Ms Penelope Cheshire	34,790	( 34,790)	-
		_______	_______	_______

The company charged interest on the loan to the director at a rate of 2.25% per annum.

13. Controlling party

The company is a 100% owned subsidiary of Cleopatra Family Investment Company Ltd, a company registered in England and Wales, registered office 166 Prescot Road, St Helens, Merseyside WA10 3TS. The ultimate controlling party is the director Penelope Cheshire by virtue of her controlling interest in Cleopatra Family Investment Company Ltd.

14. Going concern

The company has met it's day to day working capital requirements via financial support in the form of interest free loans from its parent company, which is also controlled by the director Penelope Cheshire. The director intends for this financial support to be extended for the foreseeable future to the extent that all financial liabilities will be met as they fall due. The director also expects that a new interest only loan facility for £612,500 will be granted from the bank on the expiry of the current loan.