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Company Registration No. SC488334 (Scotland)
Crumwood Investments Limited Unaudited accounts for the year ended 31 December 2023
Crumwood Investments Limited Unaudited accounts Contents
Page
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Crumwood Investments Limited Company Information for the year ended 31 December 2023
Directors
Nic Crum Alistair Wood
Company Number
SC488334 (Scotland)
Registered Office
20 Craigie Way Ayr Ayrshire KA8 0HJ Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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Crumwood Investments Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,200 
1,920 
Investments
169,230 
163,221 
170,430 
165,141 
Current assets
Debtors
228,095 
207,653 
Cash at bank and in hand
489 
646 
228,584 
208,299 
Creditors: amounts falling due within one year
(281,511)
(260,118)
Net current liabilities
(52,927)
(51,819)
Total assets less current liabilities
117,503 
113,322 
Creditors: amounts falling due after more than one year
(1,864)
(1,645)
Net assets
115,639 
111,677 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
115,637 
111,675 
Shareholders' funds
115,639 
111,677 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Nic Crum Director Company Registration No. SC488334
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Crumwood Investments Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Crumwood Investments Limited is a private company, limited by shares, registered in Scotland, registration number SC488334. The registered office is 20 Craigie Way, Ayr, Ayrshire, KA8 0HJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue. The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current 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.
Presentation currency
The accounts are presented in £ sterling.
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Crumwood Investments Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
2,460 
At 31 December 2023
2,460 
Depreciation
At 1 January 2023
540 
Charge for the year
720 
At 31 December 2023
1,260 
Net book value
At 31 December 2023
1,200 
At 31 December 2022
1,920 
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
163,221 
Fair value adjustments
6,009 
Valuation at 31 December 2023
169,230 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
228,095 
207,653 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
281,511 
260,118 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
1,414 
1,195 
Accruals
450 
450 
1,864 
1,645 
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Crumwood Investments Limited Notes to the Accounts for the year ended 31 December 2023
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Nic Crum
Director's Loan
(1,318)
- 
- 
(1,318)
Alistair Wood
Director's Loan
(258,800)
- 
- 
(258,800)
(260,118)
- 
- 
(260,118)
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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