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REGISTERED NUMBER: SC515975 (Scotland)















CROSSHILL INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






CROSSHILL INVESTMENTS LIMITED (REGISTERED NUMBER: SC515975)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CROSSHILL INVESTMENTS LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2024







DIRECTORS: G D McGinty
Mrs J McGinty





REGISTERED OFFICE: 12 Finlay Rise
Milngavie
G62 6EQ





REGISTERED NUMBER: SC515975 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

CROSSHILL INVESTMENTS LIMITED (REGISTERED NUMBER: SC515975)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 175 1,933
Investments 5 50 50
Investment property 6 528,136 528,136
528,361 530,119

CURRENT ASSETS
Debtors 7 380,357 374,563
Cash at bank 44,861 35,042
425,218 409,605
CREDITORS
Amounts falling due within one year 8 642,110 660,994
NET CURRENT LIABILITIES (216,892 ) (251,389 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,469

278,730

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 311,468 278,729
SHAREHOLDERS' FUNDS 311,469 278,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 16 April 2025 and were signed on its behalf by:



G D McGinty - Director


CROSSHILL INVESTMENTS LIMITED (REGISTERED NUMBER: SC515975)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024


1. STATUTORY INFORMATION

Crosshill Investments Limited is a private company, limited by shares , registered in Scotland. 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 represents rental income in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Land and buildings are classified as investment property when the property is held to earn rentals or for capital appreciation or both. Investment property is initially measured at cost which comprises purchase price and any directly attributable expenditure, and subsequently remeasured to fair value at each reporting date with changes in fair value recognised in the Income Statement.

Taxation
Taxation for the year comprises current 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 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.

Fixed asset investments
Fixed asset investments are stated at cost and reviewed for impairment as required.

3. EMPLOYEES AND DIRECTORS

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

CROSSHILL INVESTMENTS LIMITED (REGISTERED NUMBER: SC515975)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 8,869
Additions 200
At 30 September 2024 9,069
DEPRECIATION
At 1 October 2023 6,936
Charge for year 1,958
At 30 September 2024 8,894
NET BOOK VALUE
At 30 September 2024 175
At 30 September 2023 1,933

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 October 2023
and 30 September 2024 50
NET BOOK VALUE
At 30 September 2024 50
At 30 September 2023 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 528,136
NET BOOK VALUE
At 30 September 2024 528,136
At 30 September 2023 528,136

CROSSHILL INVESTMENTS LIMITED (REGISTERED NUMBER: SC515975)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 3,820
Other debtors 380,357 370,743
380,357 374,563

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Directors' loan account 1,551 26,205
Taxation and social security 9,059 1,529
Other creditors 631,500 633,260
642,110 660,994

9. RELATED PARTY DISCLOSURES

At 30 September 2024 the company's directors had provided the company with interest free loans of £1,551 (2023, £26,205). There are no fixed repayment terms for these loans.

.