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Company Registration No. 10898309 (England and Wales)
Cramp Investments Ltd Unaudited accounts for the year ended 31 August 2024
Cramp Investments Ltd Unaudited accounts Contents
Page
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Cramp Investments Ltd Company Information for the year ended 31 August 2024
Directors
Colin Charles Cramp Margaret Pearson Cramp
Secretary
Hannah Louise Cramp
Company Number
10898309 (England and Wales)
Registered Office
69 Barons Keep Gliddon Road London W14 9AU England
Accountants
Hobart Crest Registered Office 124 City Road London EC1V 2NX
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Cramp Investments Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
544 
655 
Investment property
218,418 
218,418 
218,962 
219,073 
Current assets
Debtors
83,873 
84,388 
Cash at bank and in hand
16,685 
14,975 
100,558 
99,363 
Creditors: amounts falling due within one year
(20,742)
(19,095)
Net current assets
79,816 
80,268 
Total assets less current liabilities
298,778 
299,341 
Creditors: amounts falling due after more than one year
(266,770)
(266,755)
Net assets
32,008 
32,586 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
31,908 
32,486 
Shareholders' funds
32,008 
32,586 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by
Colin Charles Cramp Director Company Registration No. 10898309
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Cramp Investments Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Cramp Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10898309. The registered office is 69 Barons Keep, Gliddon Road, London, W14 9AU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The financial statements of the Company have been prepared on a going concern basis. The directors have assessed the Company's financial position and continue to take all reasonable steps to ensure the continuity of its operations for the foreseeable future. They remain confident in the Company's ability to meet its liabilities as they fall due and continue to operate within its available financial resources.
Judgements
The directors consider that there are no key judgements that management have made in the process of applying the company's accounting policies that may have had a significant effect on the amounts recognised in the financial statements.
Investment property
Investment property is carried at fair value, derived from current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. Alternatively, the investment property could also be held under the historical cost model. Once either model is adopted, it will be used consistently for all properties.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Cramp Investments Ltd Notes to the Accounts for the year ended 31 August 2024
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction cost. Interest-bearing borrowings are subsequently carried at amotised cost, with the difference between proceeds, net of transaction cots, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the following relevant borrowing. Interest expense is recognised on the basis of the effective interest method and has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight line method with an estimated useful life of 5 years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
1,099 
At 31 August 2024
1,099 
Depreciation
At 1 September 2023
444 
Charge for the year
111 
At 31 August 2024
555 
Net book value
At 31 August 2024
544 
At 31 August 2023
655 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
218,418 
At 31 August 2024
218,418 
The fair value of investment property as at 31 August 2024 was £218,418 and the historical cost as at 31 August 2024 was £218,418. There has been no revaluation of the investment property by an independent valuer.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,469 
1,648 
Other debtors
82,404 
82,740 
83,873 
84,388 
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Cramp Investments Ltd Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,574 
5,574 
Other creditors
13,638 
13,021 
Accruals
1,530 
500 
20,742 
19,095 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
149,730 
149,715 
Loans from directors
117,040 
117,040 
266,770 
266,755 
Bank borrowings are secured on the Investment property(ies) by way of fixed charge
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Colin Charles Cramp
Amounts owed from / (to) the Director
(58,520)
- 
- 
(58,520)
Margaret Pearson Cramp
Amounts owed from / (to) the Director
(58,520)
- 
- 
(58,520)
(117,040)
- 
- 
(117,040)
11
Controlling party
The company is controlled by its directors Mr Colin Charles CRAMP and Mrs Margaret Pearson CRAMP
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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