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REGISTERED NUMBER: 04275751 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

A T CRAIG INVESTMENTS LTD

A T CRAIG INVESTMENTS LTD (REGISTERED NUMBER: 04275751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


A T CRAIG INVESTMENTS LTD (REGISTERED NUMBER: 04275751)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 239 299
Investment property 5 250,000 250,000
250,239 250,299

CURRENT ASSETS
Debtors 6 60,412 64,402
Cash at bank 3,546 1,322
63,958 65,724
CREDITORS
Amounts falling due within one year 7 (6,582 ) (6,063 )
NET CURRENT ASSETS 57,376 59,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,615

309,960

CREDITORS
Amounts falling due after more than one
year

8

(198,862

)

(195,628

)

PROVISIONS FOR LIABILITIES (6,931 ) (6,931 )
NET ASSETS 101,822 107,401

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 101,710 101,710
Retained earnings 12 5,591
101,822 107,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

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.

A T CRAIG INVESTMENTS LTD (REGISTERED NUMBER: 04275751)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 director and authorised for issue on 14 November 2024 and were signed by:





A T Craig - Director


A T CRAIG INVESTMENTS LTD (REGISTERED NUMBER: 04275751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

A T Craig Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04275751

Registered office: c/o DPC
Stone House, Stone Road Business Park
Stone Road
Stoke-On-Trent
Staffordshire
ST4 6SR

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 Section1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit and loss account.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Valuation of investment property

The investment property is stated in the balance sheet at fair value, based on the valuation performed by the directors. The directors are of the opinion that the year-end valuation is not materially different to current market price observed.

(ii) Estimated useful lives and residual values of fixed assets

Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

A T CRAIG INVESTMENTS LTD (REGISTERED NUMBER: 04275751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property
Investment property is included at fair value and is revalued by the directors to its fair value at each reporting date. Any changes in fair value are recognised in other comprehensive income/profit or loss.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

A T CRAIG INVESTMENTS LTD (REGISTERED NUMBER: 04275751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 29 February 2024 1,623
DEPRECIATION
At 1 March 2023 1,324
Charge for year 60
At 29 February 2024 1,384
NET BOOK VALUE
At 29 February 2024 239
At 28 February 2023 299

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 250,000
NET BOOK VALUE
At 29 February 2024 250,000
At 28 February 2023 250,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 60,412 64,402

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 4,931 4,650
Trade creditors 208 81
Other creditors 1,443 1,332
6,582 6,063

A T CRAIG INVESTMENTS LTD (REGISTERED NUMBER: 04275751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 83,875 88,954
Other creditors 114,987 106,674
198,862 195,628

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 67,285 67,473

9. SECURED DEBTS

The bank loans are secured by fixed charges on the investment properties owned by the company and by floating charges on all property or undertaking of the company.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
A T Craig
Balance outstanding at start of year 43,353 53,664
Amounts advanced 10,171 6,801
Amounts repaid (14,612 ) (17,112 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,912 43,353

11. RELATED PARTY TRANSACTIONS

See note 10 for details of transactions undertaken between the director and the company.

All other transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.