Croftgrove Limited |
Registered number: |
00970977 |
Balance Sheet |
as at 29 February 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
454,313 |
|
|
410,363 |
|
Current assets |
Debtors |
4 |
|
14,946 |
|
|
19,113 |
Cash at bank and in hand |
|
|
181,850 |
|
|
178,912 |
|
|
|
196,796 |
|
|
198,025 |
|
Creditors: amounts falling due within one year |
5 |
|
(44,770) |
|
|
(42,911) |
|
Net current assets |
|
|
|
152,026 |
|
|
155,114 |
|
Total assets less current liabilities |
|
|
|
606,339 |
|
|
565,477 |
|
|
Provisions for liabilities |
|
|
|
(10,510) |
|
|
(112) |
|
|
Net assets |
|
|
|
595,829 |
|
|
565,365 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Revaluation reserve |
6 |
|
|
221,786 |
|
|
221,786 |
Profit and loss account |
|
|
|
373,943 |
|
|
343,479 |
|
Shareholders' funds |
|
|
|
595,829 |
|
|
565,365 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
C.T. Dockerill |
Director |
Approved by the board on 22 August 2024 |
|
Croftgrove Limited |
Notes to the Accounts |
for the year ended 29 February 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value of rental income the company having ceased its previous trading activities. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% per annum on reducing balance |
|
Investment Land and Buildings |
These have been reclassified and are not |
|
|
|
|
depreciated but will be subject to regular |
|
|
|
|
revaluation. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Investment property |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 March 2023 |
409,772 |
|
14,300 |
|
424,072 |
|
Additions |
- |
|
58,900 |
|
58,900 |
|
At 29 February 2024 |
409,772 |
|
73,200 |
|
482,972 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2023 |
- |
|
13,709 |
|
13,709 |
|
Charge for the year |
- |
|
14,950 |
|
14,950 |
|
At 29 February 2024 |
- |
|
28,659 |
|
28,659 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2024 |
409,772 |
|
44,541 |
|
454,313 |
|
At 28 February 2023 |
409,772 |
|
591 |
|
410,363 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2024 |
|
2023 |
£ |
£ |
|
Historical cost |
187,986 |
|
187,986 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
187,986 |
|
187,986 |
|
|
|
|
|
|
|
|
|
|
The investment property has been revalued by the Directors at 28 February 2017. |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
14,946 |
|
17,963 |
|
Other debtors |
- |
|
1,150 |
|
|
|
|
|
|
14,946 |
|
19,113 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
139 |
|
1,932 |
|
Corporation tax |
- |
|
1,473 |
|
Other creditors |
44,631 |
|
39,506 |
|
|
|
|
|
|
44,770 |
|
42,911 |
|
|
|
|
|
|
|
|
|
|
6 |
Revaluation reserve |
2024 |
|
2023 |
£ |
£ |
|
|
At 1 March 2023 |
221,786 |
|
221,786 |
|
|
At 29 February 2024 |
221,786 |
|
221,786 |
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
Croftgrove Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Sample Oak Lane |
|
Chilworth |
|
Near Guildford |
|
Surrey |
|
GU4 8QW |