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REGISTERED NUMBER: SC160400 (Scotland)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CREAMFORTH LIMITED

CREAMFORTH LIMITED (REGISTERED NUMBER: SC160400)

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 to 5


CREAMFORTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: M Alexander



SECRETARY: M Alexander



REGISTERED OFFICE: 51-53 High Street
Turriff
Aberdeenshire
AB53 4EJ



REGISTERED NUMBER: SC160400 (Scotland)



ACCOUNTANTS: Bain Henry Reid
51-53 High Street
Turriff
AB53 4EJ



BANKERS: The Royal Bank of Scotland
40 High Street
Banff
AB45 1AJ

CREAMFORTH LIMITED (REGISTERED NUMBER: SC160400)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,545 600
Investment property 5 845,000 845,000
846,545 845,600

CURRENT ASSETS
Debtors 6 308,073 162,784
Cash at bank 37,808 159,288
345,881 322,072
CREDITORS
Amounts falling due within one year 7 55,615 82,367
NET CURRENT ASSETS 290,266 239,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,136,811

1,085,305

CAPITAL AND RESERVES
Called up share capital 100 100
Investment property revaluation reserve 8 372,366 372,366
Retained earnings 764,345 712,839
SHAREHOLDERS' FUNDS 1,136,811 1,085,305

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 director acknowledges his 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 director and authorised for issue on 30 April 2025 and were signed by:





M Alexander - Director


CREAMFORTH LIMITED (REGISTERED NUMBER: SC160400)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Creamforth 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the rental income excluding value added tax to which the company is entitled from the letting of its investment property.

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 - 20% on reducing balance and 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 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 1 (2023 - 1 ) .

CREAMFORTH LIMITED (REGISTERED NUMBER: SC160400)

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 27,898
Additions 1,106
At 30 September 2024 29,004
DEPRECIATION
At 1 October 2023 27,298
Charge for year 161
At 30 September 2024 27,459
NET BOOK VALUE
At 30 September 2024 1,545
At 30 September 2023 600

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 845,000
NET BOOK VALUE
At 30 September 2024 845,000
At 30 September 2023 845,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2008 97,366
Valuation in 2013 275,000
Valuation in 2020 (125,000 )
Valuation in 2023 15,602
Cost 582,032
845,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 582,032 582,032

Aberdeen investment property was valued on an open market basis basis on 22 April 2021 by AB Robb Ltd, Chartered Surveyors .

The directors have reviewed the fair value of the investment properties and adjusted them accordingly.

CREAMFORTH LIMITED (REGISTERED NUMBER: SC160400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 10,500
Amounts owed by associates 308,073 148,309
Prepayments and accrued income - 3,975
308,073 162,784

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 715 (4 )
Taxation 11,108 20,124
VAT 1,446 5,603
Other creditors - 5,600
Directors' loan accounts 31,924 32,687
Accruals and deferred income 10,422 18,357
55,615 82,367

8. RESERVES
Investment
property
revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 372,366

Investment property revaluation reserve represents no distributable retained earnings in respect of fair value adjustments of investment property less related deferred tax.

9. DIRECTORS LOAN

The following loan from a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
D Alexander
Balance outstanding at start of year 32,687 4,660
Amounts advanced 171,378 30,346
Amounts repaid (172,141 ) (2,319 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,924 32,687

The loan is interest free and there are no fixed terms of repayment.

10. RELATED PARTY TRANSACTIONS

anroL Ltd, a company under the control of M Alexander, has an outstanding loan of £308,073 (2023 £148,309). The loan is interest free and there are no fixed terms of repayment.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Alexander.