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REGISTERED NUMBER: 08578509 (England and Wales)















Craggy Limited

Unaudited Financial Statements

for the Year Ended 30 June 2023






Craggy Limited (Registered number: 08578509)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craggy Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: AS Airey
JA Airey





REGISTERED OFFICE: 57a Shepherd Road
Lytham St Annes
Lancashire
FY8 3ST





REGISTERED NUMBER: 08578509 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Craggy Limited (Registered number: 08578509)

Balance Sheet
30 June 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,342,128 1,443,467
Investments 5 - 9,271
1,342,128 1,452,738

CURRENT ASSETS
Cash at bank 808,633 702,082

CREDITORS
Amounts falling due within one year 6 79,805 20,041
NET CURRENT ASSETS 728,828 682,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,070,956

2,134,779

PROVISIONS FOR LIABILITIES 2,359 2,233
NET ASSETS 2,068,597 2,132,546

CAPITAL AND RESERVES
Called up share capital 7 9,271 9,271
Retained earnings 2,059,326 2,123,275
SHAREHOLDERS' FUNDS 2,068,597 2,132,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Craggy Limited (Registered number: 08578509)

Balance Sheet - continued
30 June 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:





AS Airey - Director


Craggy Limited (Registered number: 08578509)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£) and the amounts in the financial statements have been rounded to the nearest £1.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Freehold land is not depreciated. No depreciation is provided on the company's freehold and long leasehold buildings as the directors consider that the lives of these assets are so long and residual values, based on prices prevailing at the time of acquisition, are sufficiently high that any depreciation would be immaterial. Provision is made in the profit and loss account in the event of any permanent diminution in the value of the properties. Investment properties are shown at their most recent valuation. In accordance with FRS102, the company's properties are held for long term investment and are included in the balance sheet at their open market values. The surpluses or deficits on the annual revaluation of such properties are transferred to the profit and loss account. Depreciation is not provided in respect of freehold investment properties.

Investments in subsidiaries
Investments in subsidiary undertakings are stated at cost due to the nature of the investment as such investments are not held for re-sale. Provision is made for any diminution in value arising in the year.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments, bank balances and any group borrowings, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, loans and any group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Craggy Limited (Registered number: 08578509)

Notes to the Financial Statements - continued
for the year ended 30 June 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£ £ £
COST
At 1 July 2022 1,434,836 33,008 1,467,844
Additions - 1,291 1,291
Disposals (100,150 ) - (100,150 )
At 30 June 2023 1,334,686 34,299 1,368,985
DEPRECIATION
At 1 July 2022 - 24,377 24,377
Charge for year - 2,480 2,480
At 30 June 2023 - 26,857 26,857
NET BOOK VALUE
At 30 June 2023 1,334,686 7,442 1,342,128
At 30 June 2022 1,434,836 8,631 1,443,467

Craggy Limited (Registered number: 08578509)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 July 2022
and 30 June 2023 9,271
PROVISIONS
Provision for year 9,271
At 30 June 2023 9,271
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 9,271

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed to group undertakings - 3,508
Taxation and social security 13,100 12,932
Other creditors 66,705 3,601
79,805 20,041

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
4,636 Ordinary A £1 4,636 4,636
4,635 Ordinary B £1 4,635 4,635
9,271 9,271

8. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by Mr AS Airey and Mrs JA Airey, the directors of the company, by virtue of their shareholdings in the company.