IRIS Accounts Production v23.3.0.418 SC205981 director 1.8.22 31.7.23 31.7.23 true false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2059812022-07-31SC2059812023-07-31SC2059812022-08-012023-07-31SC2059812021-07-31SC2059812021-08-012022-07-31SC2059812022-07-31SC205981ns10:Originalns15:Scotland2022-08-012023-07-31SC205981ns14:PoundSterlingns10:Original2022-08-012023-07-31SC205981ns10:Originalns10:Director12022-08-012023-07-31SC205981ns10:Original2022-08-012023-07-31SC205981ns10:Original2023-07-31SC205981ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-31SC205981ns10:Originalns10:SmallEntities2022-08-012023-07-31SC205981ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31SC205981ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-31SC205981ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-31SC205981ns10:Originalns10:FullAccounts2022-08-012023-07-31SC205981ns10:Originalns10:OrdinaryShareClass12022-08-012023-07-31SC205981ns10:CompanySecretary1ns10:Original2022-08-012023-07-31SC205981ns10:Originalns10:RegisteredOffice2022-08-012023-07-31SC205981ns10:Original2022-07-31SC205981ns10:Originalns5:CurrentFinancialInstruments2023-07-31SC205981ns10:Originalns5:CurrentFinancialInstruments2022-07-31SC205981ns10:Originalns5:Non-currentFinancialInstruments2023-07-31SC205981ns10:Originalns5:Non-currentFinancialInstruments2022-07-31SC205981ns5:ShareCapitalns10:Original2023-07-31SC205981ns5:ShareCapitalns10:Original2022-07-31SC205981ns10:Originalns5:CapitalRedemptionReserve2023-07-31SC205981ns10:Originalns5:CapitalRedemptionReserve2022-07-31SC205981ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-31SC205981ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-31SC205981ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-31SC205981ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-31SC205981ns10:Originalns5:FurnitureFittings2022-08-012023-07-31SC205981ns10:Original2021-08-012022-07-31SC205981ns10:Originalns5:LandBuildings2022-07-31SC205981ns10:Originalns5:FurnitureFittings2022-07-31SC205981ns10:Original2022-07-31SC205981ns10:Originalns5:LandBuildings2022-08-012023-07-31SC205981ns10:Originalns5:LandBuildings2023-07-31SC205981ns10:Originalns5:FurnitureFittings2023-07-31SC205981ns10:Originalns5:LandBuildings2022-07-31SC205981ns10:Originalns5:FurnitureFittings2022-07-31SC205981ns10:Originalns5:CostValuation2022-07-31SC205981ns10:Originalns5:Subsidiary12022-08-012023-07-31SC205981ns10:Originalns5:Subsidiary112022-08-012023-07-31SC205981ns10:Originalns5:Subsidiary12023-07-31SC205981ns10:Originalns5:Subsidiary12022-07-31SC205981ns10:Originalns5:Subsidiary12021-08-012022-07-31SC205981ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31SC205981ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31SC205981ns10:Originalns5:DeferredTaxation2022-07-31SC205981ns10:Originalns5:DeferredTaxation2022-08-012023-07-31SC205981ns10:Originalns5:DeferredTaxation2023-07-31SC205981ns10:Originalns10:OrdinaryShareClass12023-07-31SC205981ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-31
REGISTERED NUMBER: SC205981 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Crolpia Limited

Crolpia Limited (Registered number: SC205981)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crolpia Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Dominic Crolla





SECRETARY: Genoveffa Crolla





REGISTERED OFFICE: 85 Kilmarnock Road
Glasgow
G41 3YR





REGISTERED NUMBER: SC205981 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Crolpia Limited (Registered number: SC205981)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,136,182 1,167,846
Investments 5 2 2
Investment property 6 180,000 160,000
1,316,184 1,327,848

CURRENT ASSETS
Debtors 7 818,506 356,949
Cash at bank 89,759 338,196
908,265 695,145
CREDITORS
Amounts falling due within one year 8 186,686 164,812
NET CURRENT ASSETS 721,579 530,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,037,763

1,858,181

CREDITORS
Amounts falling due after more than one
year

9

-

(66,073

)

PROVISIONS FOR LIABILITIES 11 (118,034 ) (124,430 )
NET ASSETS 1,919,729 1,667,678

CAPITAL AND RESERVES
Called up share capital 12 45 45
Capital redemption reserve 55 55
Fair value reserve 13 374,006 354,006
Retained earnings 1,545,623 1,313,572
SHAREHOLDERS' FUNDS 1,919,729 1,667,678

Crolpia Limited (Registered number: SC205981)

Balance Sheet - continued
31 July 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2024 and were signed by:





Dominic Crolla - Director


Crolpia Limited (Registered number: SC205981)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Crolpia Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fittings and equipment - 15% on reducing balance

As of the year to 31 July 2018, heritable property is being measured on a fair value basis, rather than cost less depreciation. The fair value is arrived at on the basis of a valuation carried out annually by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the state of the property market in the areas where the properties are situated.

Investment property
The market values of the Investment Properties have been arrived at on the basis of a valuation carried out at 31 July 2023 by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the state of the rental market in the areas where the properties are situated.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Crolpia Limited (Registered number: SC205981)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Group accounts
The director has taken advantage of the exemption available under Section 398 of the Companies Act 2006 not to prepare group accounts as the group which the company leads qualifies as a small group. The accounts therefore contain information about the company as an individual company and do not contain consolidated information as part of a group.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Crolpia Limited (Registered number: SC205981)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fittings
Heritable and
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 August 2022 950,000 1,156,176 2,106,176
Additions - 1,200 1,200
At 31 July 2023 950,000 1,157,376 2,107,376
DEPRECIATION
At 1 August 2022 - 938,330 938,330
Charge for year - 32,864 32,864
At 31 July 2023 - 971,194 971,194
NET BOOK VALUE
At 31 July 2023 950,000 186,182 1,136,182
At 31 July 2022 950,000 217,846 1,167,846

Cost or valuation at 31 July 2023 is represented by:

Fittings
Heritable and
property equipment Totals
£    £    £   
Valuation in 2018 288,452 - 288,452
Cost 661,548 1,157,376 1,818,924
950,000 1,157,376 2,107,376

If the heritable property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 661,548 661,548
Aggregate depreciation 152,581 152,581

The heritable property was valued on an open market basis on 31 July 2022 by the director .

Crolpia Limited (Registered number: SC205981)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 2
NET BOOK VALUE
At 31 July 2023 2
At 31 July 2022 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Oro Restaurant Limited
Registered office:
Nature of business: Restaurant
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 182 665
Profit for the year 353,843 418,412

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 160,000
Revaluations 20,000
At 31 July 2023 180,000
NET BOOK VALUE
At 31 July 2023 180,000
At 31 July 2022 160,000

Crolpia Limited (Registered number: SC205981)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. INVESTMENT PROPERTY - continued

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2017 7,219
Valuation in 2018 10,000
Valuation in 2023 20,000
Cost 142,781
180,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 142,781 142,781

Investment property was valued on an open market basis on 31 July 2023 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 818,506 356,949

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,770
Trade creditors 139 -
Taxation and social security 176,803 148,247
Other creditors 9,744 5,795
186,686 164,812

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 66,073

10. SECURED DEBTS

There exists in respect of group borrowings a Cross Corporate Guarantee and a Bond and Floating Charge over the assets of the company.

Crolpia Limited (Registered number: SC205981)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 118,034 124,430

Deferred
tax
£   
Balance at 1 August 2022 124,430
Provided during year (6,396 )
Balance at 31 July 2023 118,034

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 45 45

13. RESERVES
Fair
value
reserve
£   
At 1 August 2022 354,006
Revaluation of inv. prop. 20,000

At 31 July 2023 374,006

14. ULTIMATE CONTROLLING PARTY



The company is under the control of the director Dominic Crolla and his wife, who own the entire issued share capital.