Company registration number 09557070 (England and Wales)
Cromar Holdings Limited
Unaudited
financial statements
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Cromar Holdings Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Cromar Holdings Limited
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
227,283
227,283
Current assets
Debtors
4
86,443
57,154
Creditors: amounts falling due within one year
5
(18,200)
(3,352)
Net current assets
68,243
53,802
Net assets
295,526
281,085
Capital and reserves
Called up share capital
6
400
400
Profit and loss reserves
295,126
280,685
Total equity
295,526
281,085
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 February 2024 and are signed on its behalf by:
B T Crowther
Director
Company registration number 09557070 (England and Wales)
Cromar Holdings Limited
Notes to the financial statements
for the year ended 31 December 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Group accounts
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
Turnover
Turnover represents the fair value of the consideration received for services provided in the normal course of business. Turnover is recognised upon the provision of services.
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Cromar Holdings Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
400
400
Other investments other than loans
226,883
226,883
227,283
227,283
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
86,443
57,154
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
18,200
3,352
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
95
95
95
95
Non Voting Ordinary A shares of £1 each
100
100
100
100
Non Voting Ordinary B shares of £1 each
100
100
100
100
Non Voting Ordinary C shares of £1 each
100
100
100
100
Non Voting Ordinary D shares of £1 each
5
5
5
5
400
400
400
400
7
Company information
Cromar Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3 Hill View Trading Estate, Guards Road, Coldstream, Berwickshire, TD12 4EE.