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REGISTERED NUMBER: 14288243 (England and Wales)




















Financial Statements

for the Period

1 March 2023 to 31 May 2024

for

CRAAM LTD

CRAAM LTD (REGISTERED NUMBER: 14288243)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRAAM LTD

Company Information
for the Period 1 March 2023 to 31 May 2024







DIRECTORS: R A Hanley
M D Hall





REGISTERED OFFICE: 143 Station Road
Hampton
TW12 2AL





REGISTERED NUMBER: 14288243 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

CRAAM LTD (REGISTERED NUMBER: 14288243)

Balance Sheet
31 May 2024

31.5.24 28.2.23
Notes £    £   
CURRENT ASSETS
Stocks 528,236 -
Debtors 4 13,691 200
Cash at bank 2,162 -
544,089 200
CREDITORS
Amounts falling due within one year 5 (554,863 ) -
NET CURRENT (LIABILITIES)/ASSETS (10,774 ) 200
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,774

)

200

CREDITORS
Amounts falling due after more than one
year

6

(75,000

)

-
NET (LIABILITIES)/ASSETS (85,774 ) 200

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (85,974 ) -
(85,774 ) 200

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

CRAAM LTD (REGISTERED NUMBER: 14288243)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





R A Hanley - Director


CRAAM LTD (REGISTERED NUMBER: 14288243)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 May 2024

1. STATUTORY INFORMATION

Craam Ltd 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.

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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 period was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 28.2.23
£    £   
Trade debtors 1,600 -
Other debtors 12,091 200
13,691 200

CRAAM LTD (REGISTERED NUMBER: 14288243)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 May 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 28.2.23
£    £   
Bank loans and overdrafts 236,880 -
Trade creditors 86,051 -
Other creditors 231,932 -
554,863 -

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 28.2.23
£    £   
Other creditors 75,000 -

7. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 28.2.23
£    £   
Mortgage 236,880 -

The mortgage provided by Together Commercial Finance Limited is secured against the property known as 35 Church Street, Long Bennington, Newark, NG23 5ES by way of fixed charge containing negative pledge.

8. RELATED PARTY DISCLOSURES

Property SQ2 Ltd

A company in which Mr Hanley and Mr Cormack are shareholders and


31.5.24 28.2.23
£    £   
Amount due to related party at the balance sheet date 27,525 -

MH Property Ltd

A company in which Mr Hall is a shareholder and director


31.5.24 28.2.23
£    £   
Amount due to related party at the balance sheet date 14,593 -

CRAAM LTD (REGISTERED NUMBER: 14288243)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 May 2024

8. RELATED PARTY DISCLOSURES - continued

W6 Productions Ltd

A company in which Mr Hall is a shareholder and director


31.5.24 28.2.23
£    £   
Amount due to related party at the balance sheet date 7,500 -

RARA Property Ltd

A company in which Mr Hanley is a shareholder and director


31.5.24 28.2.23
£    £   
Amount due to related party at the balance sheet date 8,400 -

RS Lettings Ltd

A company in which Mr Hanley and Mr Hall are shareholders


31.5.24 28.2.23
£    £   
Amount due to related party at the balance sheet date 7,240 -

9. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.