Cranvale Capital Limited NI666813 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Property Letting. Digita Accounts Production Advanced 6.30.9574.0 true NI666813 2023-02-01 2024-01-31 NI666813 2024-01-31 NI666813 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-01-31 NI666813 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2024-01-31 NI666813 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2024-01-31 NI666813 core:CurrentFinancialInstruments 2024-01-31 NI666813 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 NI666813 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 NI666813 bus:SmallEntities 2023-02-01 2024-01-31 NI666813 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 NI666813 bus:FilletedAccounts 2023-02-01 2024-01-31 NI666813 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI666813 bus:RegisteredOffice 2023-02-01 2024-01-31 NI666813 bus:Director1 2023-02-01 2024-01-31 NI666813 bus:Director2 2023-02-01 2024-01-31 NI666813 bus:Director3 2023-02-01 2024-01-31 NI666813 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-02-01 2024-01-31 NI666813 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-02-01 2024-01-31 NI666813 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2023-02-01 2024-01-31 NI666813 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI666813 countries:NorthernIreland 2023-02-01 2024-01-31 NI666813 2023-01-31 NI666813 2022-02-01 2023-01-31 NI666813 2023-01-31 NI666813 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-01-31 NI666813 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-01-31 NI666813 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2023-01-31 NI666813 core:CurrentFinancialInstruments 2023-01-31 NI666813 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 NI666813 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI666813

Cranvale Capital Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

Cranvale Capital Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Cranvale Capital Limited

Company Information

Directors

Dr Gordon Geary

Mrs Felicity Elizabeth Mary Geary

Mrs Ann Partridge

Registered office

122 Bleary Road
Portadown
BT62 5NG

Accountants

Hamilton Morris Waugh
Chartered Certified Accountants
34 Dufferin Avenue
Bangor
Down
BT20 3AA

 

Cranvale Capital Limited

(Registration number: NI666813)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

568,191

568,191

Current assets

 

Debtors

205,440

201,955

Cash at bank and in hand

 

2,440

15,364

 

207,880

217,319

Creditors: Amounts falling due within one year

(469,453)

(469,975)

Net current liabilities

 

(261,573)

(252,656)

Total assets less current liabilities

 

306,618

315,535

Creditors: Amounts falling due after more than one year

(235,992)

(255,230)

Accruals and deferred income

 

(5,524)

(4,021)

Net assets

 

65,102

56,284

Capital and reserves

 

Called up share capital

5

30

30

Retained earnings

65,072

56,254

Shareholders' funds

 

65,102

56,284

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Cranvale Capital Limited

(Registration number: NI666813)
Abridged Balance Sheet as at 31 January 2024

Approved and authorised by the Board on 22 August 2024 and signed on its behalf by:
 

.........................................
Dr Gordon Geary
Director

 

Cranvale Capital Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
122 Bleary Road
Portadown
BT62 5NG

These financial statements were authorised for issue by the Board on 22 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Cranvale Capital Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Cranvale Capital Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Investment properties

2024
£

At 1 February

568,191

There has been no valuation of investment property by an independent valuer.

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

10

10

10

10

A Ordinary Shares of £1 each

10

10

10

10

B Ordinary Shares of £1 each

10

10

10

10

30

30

30

30