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REGISTERED NUMBER: SC368438 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

CROMDALE MANAGEMENT LTD

CROMDALE MANAGEMENT LTD (REGISTERED NUMBER: SC368438)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CROMDALE MANAGEMENT LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M J Callan
K W Waitt





REGISTERED OFFICE: Amicable House
252 Union Street
Aberdeen
AB10 1TN





REGISTERED NUMBER: SC368438 (Scotland)






CROMDALE MANAGEMENT LTD (REGISTERED NUMBER: SC368438)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 8,984 8,710

CURRENT ASSETS
Debtors 5 310,482 195,923
Cash at bank 42,219 188,687
352,701 384,610
CREDITORS
Amounts falling due within one year 6 22,637 24,787
NET CURRENT ASSETS 330,064 359,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

339,048

368,533

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 339,046 368,531
339,048 368,533

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





M J Callan - Director


CROMDALE MANAGEMENT LTD (REGISTERED NUMBER: SC368438)

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


1. STATUTORY INFORMATION

Cromdale Management Ltd 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.

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

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

CROMDALE MANAGEMENT LTD (REGISTERED NUMBER: SC368438)

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


4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2022 8,710
Share of profit/(loss) 439
Reclassification/transfer (165 )
At 31 March 2023 8,984
NET BOOK VALUE
At 31 March 2023 8,984
At 31 March 2022 8,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 600
Amounts owed by group undertakings 140,423 145,837
Amounts owed by associates 34,674 -
Other debtors 135,385 49,486
310,482 195,923

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 2,042
Taxation and social security 11,138 797
Other creditors 11,499 21,948
22,637 24,787

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
M J Callan
Balance outstanding at start of year (9,999 ) (9,999 )
Amounts advanced 85,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 75,001 (9,999 )

CROMDALE MANAGEMENT LTD (REGISTERED NUMBER: SC368438)

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


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

K W Waitt
Balance outstanding at start of year (9,999 ) (9,999 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,999 ) (9,999 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.