REGISTERED NUMBER: |
Crabtree & Crabtree Lettings Ltd |
Unaudited Financial Statements |
for the Year Ended 31st December 2023 |
REGISTERED NUMBER: |
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: |
Secretary: |
Registered office: |
Business address: |
Registered number: |
Accountants: |
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 |
Tangible assets | 5 |
Current assets |
Debtors | 6 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
Crabtree & Crabtree Lettings Ltd (Registered number: 06944414) |
Balance Sheet - continued |
31st December 2023 |
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 were approved by the director and authorised for issue on |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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. |
Tangible fixed assets |
Fixtures, fittings and equipment | - |
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 |
4. | Intangible fixed assets |
Website |
£ |
Cost |
At 1st January 2023 |
and 31st December 2023 |
Amortisation |
At 1st January 2023 |
Amortisation for year |
At 31st December 2023 |
Net book value |
At 31st December 2023 |
At 31st December 2022 |
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 |
Additions |
At 31st December 2023 |
Depreciation |
At 1st January 2023 |
Charge for year |
At 31st December 2023 |
Net book value |
At 31st December 2023 |
At 31st December 2022 |
6. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other debtors |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
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. |