Registration number:
Crighton & Crighton Property Ltd
for the Period from 24 January 2023 to 31 January 2024
Crighton & Crighton Property Ltd
(Registration number: SC756339)
Balance Sheet as at 31 January 2024
Note |
2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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|
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
3 |
|
Profit and loss account |
(20,802) |
|
Shareholders' deficit |
(20,799) |
For the financial period 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:
• |
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• |
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.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the
.........................................
Director
Crighton & Crighton Property Ltd
Notes to the Unaudited Financial Statements for the Period from 24 January 2023 to 31 January 2024
Accounting policies |
Crighton & Crighton Property Ltd is a private company, limited by shares, domiciled in Scotland, company number SC756339. The registered office is at
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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These 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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Going concern
The financial statements have been prepared on a going concern basis due to the ongoing support of the directors who are not seeking repayment of their loans to the company in the immediate future.
Revenue recognition
Turnover comprises rents receivable during the period.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
not depreciated |
Fixtures and fittings |
20% reducing balance |
Crighton & Crighton Property Ltd
Notes to the Unaudited Financial Statements for the Period from 24 January 2023 to 31 January 2024
Investment property
No depreciation is provided in respect of the investment property. This treatment as regards the company's investment property may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, this property is not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Crighton & Crighton Property Ltd
Notes to the Unaudited Financial Statements for the Period from 24 January 2023 to 31 January 2024
Tangible assets |
Fixtures and fittings |
Total |
|
Cost |
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Additions |
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At 31 January 2024 |
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Depreciation |
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Charge for the period |
|
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At 31 January 2024 |
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Carrying amount |
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At 31 January 2024 |
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Investment properties |
2024 |
|
Additions |
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At 31 January 2024 |
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Creditors |
Amounts falling due within one year
2024 |
|
Accruals and deferred income |
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Other creditors |
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