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REGISTERED NUMBER: 02768292 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Cross Rigg (Holdings) Limited

Cross Rigg (Holdings) Limited (Registered number: 02768292)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Cross Rigg (Holdings) Limited (Registered number: 02768292)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 628,800 641,900
Investments 5 45,000 45,000
Investment property 6 490,000 490,000
1,163,800 1,176,900

CURRENT ASSETS
Debtors 7 24,828 20,574
Cash at bank 433,203 405,780
458,031 426,354
CREDITORS
Amounts falling due within one year 8 5,499 11,364
NET CURRENT ASSETS 452,532 414,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,616,332

1,591,890

PROVISIONS FOR LIABILITIES 92,525 87,050
NET ASSETS 1,523,807 1,504,840

CAPITAL AND RESERVES
Called up share capital 45,000 45,000
Fair value reserve 9 582,982 595,921
Retained earnings 9 895,825 863,919
1,523,807 1,504,840

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

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

Cross Rigg (Holdings) Limited (Registered number: 02768292)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




C Hartley - Director



Mrs S C Hartley - Director


Cross Rigg (Holdings) Limited (Registered number: 02768292)

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

1. STATUTORY INFORMATION

Cross Rigg (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02768292

Registered office: c/o Nelsons (Birstall) Ltd
Perseverance Works, Gelderd Road
Birstall
Batley
West Yorkshire
WF17 9PX

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Cross Rigg (Holdings) Limited (Registered number: 02768292)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 655,000
DEPRECIATION
At 1 January 2023 13,100
Charge for year 13,100
At 31 December 2023 26,200
NET BOOK VALUE
At 31 December 2023 628,800
At 31 December 2022 641,900

Cost or valuation at 31 December 2023 is represented by:

Freehold
property
£   
Valuation in 1994 20,215
Valuation in 1995 50,000
Valuation in 2000 (35,467 )
Valuation in 2005 84,370
Valuation in 2008 (20,395 )
Valuation in 2011 19,479
Valuation in 2022 255,000
Cost 281,798
655,000

Cross Rigg (Holdings) Limited (Registered number: 02768292)

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

4. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 281,798 281,798
Aggregate depreciation 11,272 5,636

Freehold property was valued on an open market basis on 29 July 2022 by Holroyd Miller Surveyors .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 45,000
NET BOOK VALUE
At 31 December 2023 45,000
At 31 December 2022 45,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Nelsons (Birstall) Limited
Registered office: United Kingdom
Nature of business: General Engineering
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 666,721 668,416
Profit for the year 23,305 45,769

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 490,000
NET BOOK VALUE
At 31 December 2023 490,000
At 31 December 2022 490,000

Cross Rigg (Holdings) Limited (Registered number: 02768292)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 1994 70,533
Valuation in 1995 20,000
Valuation in 2000 (10,043 )
Valuation in 2005 121,324
Valuation in 2011 (42,349 )
Valuation in 2022 157,768
Cost 172,767
490,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 172,767 172,767

Investment property was valued on an open market basis on 29 July 2022 by Holroyd Miller Surveyors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 19,894 16,834
Other debtors 4,934 3,740
24,828 20,574

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 2,942 5,598
Other creditors 2,557 5,766
5,499 11,364

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 863,919 595,921 1,459,840
Profit for the year 18,967 18,967
Transfer between reserves 12,939 (12,939 ) -
At 31 December 2023 895,825 582,982 1,478,807