Crighton & Crighton Property Ltd SC756339 false 2023-01-24 2024-01-31 2024-01-31 The principal activity of the company is property rental Digita Accounts Production Advanced 6.30.9574.0 true true SC756339 2023-01-24 2024-01-31 SC756339 2024-01-31 SC756339 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 SC756339 core:FurnitureFittings 2024-01-31 SC756339 bus:SmallEntities 2023-01-24 2024-01-31 SC756339 bus:AuditExemptWithAccountantsReport 2023-01-24 2024-01-31 SC756339 bus:FullAccounts 2023-01-24 2024-01-31 SC756339 bus:SmallCompaniesRegimeForAccounts 2023-01-24 2024-01-31 SC756339 bus:RegisteredOffice 2023-01-24 2024-01-31 SC756339 bus:Director1 2023-01-24 2024-01-31 SC756339 bus:PrivateLimitedCompanyLtd 2023-01-24 2024-01-31 SC756339 core:FurnitureFittings 2023-01-24 2024-01-31 SC756339 core:LandBuildings 2023-01-24 2024-01-31 SC756339 countries:AllCountries 2023-01-24 2024-01-31 iso4217:GBP xbrli:pure

Registration number: SC756339

Crighton & Crighton Property Ltd

Unaudited Financial Statements

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
£

Fixed assets

 

Tangible assets

3

540

Investment property

4

71,502

 

72,042

Current assets

 

Cash at bank and in hand

 

1,300

Creditors: Amounts falling due within one year

5

(94,141)

Net current liabilities

 

(92,841)

Net liabilities

 

(20,799)

Capital and reserves

 

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:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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 Board on 15 October 2024 and signed on its behalf by:
 

.........................................

I Crighton
Director

 

Crighton & Crighton Property Ltd

Notes to the Unaudited Financial Statements for the Period from 24 January 2023 to 31 January 2024

1

Accounting policies

Crighton & Crighton Property Ltd is a private company, limited by shares, domiciled in Scotland, company number SC756339. The registered office is at 10 Sandhaven Place, Inverkip, Greenock, PA16 0FE, Scotland.

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

The company property is held for long-term investment. Investment property is accounted for in accordance with FRS 102 as follows:

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.

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

 

Crighton & Crighton Property Ltd

Notes to the Unaudited Financial Statements for the Period from 24 January 2023 to 31 January 2024

3

Tangible assets

Fixtures and fittings
£

Total
£

Cost

Additions

600

600

At 31 January 2024

600

600

Depreciation

Charge for the period

60

60

At 31 January 2024

60

60

Carrying amount

At 31 January 2024

540

540

4

Investment properties

2024
£

Additions

71,502

At 31 January 2024

71,502

5

Creditors

Amounts falling due within one year

2024
£

Accruals and deferred income

1,140

Other creditors

93,001

94,141