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REGISTERED NUMBER: 01075877 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CULLENCROFT LIMITED

CULLENCROFT LIMITED (REGISTERED NUMBER: 01075877)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CULLENCROFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J K Barker
I E C Long





SECRETARY: C Long





REGISTERED OFFICE: Union House
Skeeby
Richmond
North Yorkshire
DL10 7EE





REGISTERED NUMBER: 01075877 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

CULLENCROFT LIMITED (REGISTERED NUMBER: 01075877)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 251,912 188,361

CURRENT ASSETS
Stocks - 67,958
Debtors 5 98,946 7,152
Cash at bank 70,262 149,196
169,208 224,306
CREDITORS
Amounts falling due within one year 6 141,080 159,667
NET CURRENT ASSETS 28,128 64,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,040

253,000

PROVISIONS FOR LIABILITIES 8,926 -
NET ASSETS 271,114 253,000

CAPITAL AND RESERVES
Called up share capital 7 40,100 40,100
Share premium 1,273 1,273
Retained earnings 229,741 211,627
SHAREHOLDERS' FUNDS 271,114 253,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CULLENCROFT LIMITED (REGISTERED NUMBER: 01075877)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





J K Barker - Director


CULLENCROFT LIMITED (REGISTERED NUMBER: 01075877)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Cullencroft Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and building improvements - at variable rates on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CULLENCROFT LIMITED (REGISTERED NUMBER: 01075877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 43,348 248,525 291,873
Additions - 87,649 87,649
At 31 March 2024 43,348 336,174 379,522
DEPRECIATION
At 1 April 2023 - 103,512 103,512
Charge for year - 24,098 24,098
At 31 March 2024 - 127,610 127,610
NET BOOK VALUE
At 31 March 2024 43,348 208,564 251,912
At 31 March 2023 43,348 145,013 188,361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 98,946 7,152

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 97 1,828
Taxation and social security 4,309 22,614
Other creditors 136,674 135,225
141,080 159,667

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
40,000 Ordinary B £1 40,000 40,000
40,100 40,100

8. RELATED PARTY DISCLOSURES

During the year the director made an interest-free loan to the company. At the balance sheet date the total amount outstanding was £108,719 (2023: £102,667).

During the year the company made an interest free loan to a related partnership by way of the directors being partners in that partnership. The balance due from this partnership at 31 March 2024 was £97,794 (2023: £5,205)