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REGISTERED NUMBER: 06944414 (England and Wales)











































Crabtree & Crabtree Lettings Ltd

Unaudited Financial Statements

for the Year Ended 31st December 2023






Crabtree & Crabtree Lettings Ltd (Registered number: 06944414)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Crabtree & Crabtree Lettings Ltd

Company Information
for the year ended 31st December 2023







Director: Ms E L Crabtree





Secretary: Ms E L Crabtree





Registered office: Halidon House
17D Windmill West Way
Ramparts Business Park
Berwick-Upon-Tweed
TD15 1TB





Business address: 1 Bridge Street
Kelso
Roxburghshire
TD5 7HT





Registered number: 06944414 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Crabtree & Crabtree Lettings Ltd (Registered number: 06944414)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 1,679
Tangible assets 5 4,889 4,932
4,889 6,611

Current assets
Debtors 6 427,658 210,810
Cash at bank and in hand 832,050 1,012,035
1,259,708 1,222,845
Creditors
Amounts falling due within one year 7 934,869 613,305
Net current assets 324,839 609,540
Total assets less current liabilities 329,728 616,151

Provisions for liabilities - 1,256
Net assets 329,728 614,895

Capital and reserves
Called up share capital 100 100
Retained earnings 329,628 614,795
Shareholders' funds 329,728 614,895

Crabtree & Crabtree Lettings Ltd (Registered number: 06944414)

Balance Sheet - continued
31st December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th September 2024 and were signed by:





Ms E L Crabtree - Director


Crabtree & Crabtree Lettings Ltd (Registered number: 06944414)

Notes to the Financial Statements
for the year ended 31st December 2023

1. Statutory information

Crabtree & Crabtree Lettings Ltd is a private company, limited by shares , registered in England and Wales. 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover from 1st January 2023 is recognised when the balance of holiday bookings were paid. Before the 1st January 2023, turnover was recognised at the point of booking.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% on reducing balance and 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Crabtree & Crabtree Lettings Ltd (Registered number: 06944414)

Notes to the Financial Statements - continued
for the year ended 31st 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.

Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, she continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 22 (2022 - 14 ) .

4. Intangible fixed assets
Website
£   
Cost
At 1st January 2023
and 31st December 2023 45,174
Amortisation
At 1st January 2023 43,495
Amortisation for year 1,679
At 31st December 2023 45,174
Net book value
At 31st December 2023 -
At 31st December 2022 1,679

Crabtree & Crabtree Lettings Ltd (Registered number: 06944414)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. Tangible fixed assets
Fixtures,
fittings
and
equipment
£   
Cost
At 1st January 2023 30,351
Additions 1,698
At 31st December 2023 32,049
Depreciation
At 1st January 2023 25,419
Charge for year 1,741
At 31st December 2023 27,160
Net book value
At 31st December 2023 4,889
At 31st December 2022 4,932

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 427,658 210,810

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 886,594 509,640
Taxation and social security 29,486 82,075
Other creditors 18,789 21,590
934,869 613,305

8. Other financial commitments

At 31st December 2023, the company had total commitments under non-cancellable operating leases of £5,833 (2022 - £5,833).

9. Post balance sheet events

Since the year end, on 20th September 2024, a dividend of £1,180 per share has been declared.

Crabtree & Crabtree Lettings Ltd (Registered number: 06944414)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

10. Directors advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 31st December 2023 and the period ended 31st December 2022:

2023 2022
Director £ £
Balance outstanding at start of period 164,992 109,510
Movement 62,257 55,482
Balance outstanding at end of period 227,249 164,992

This loan is unsecured, interest has been charged at the official rates published by HMRC and it is repayable on demand.