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Registration number: 12951328

Crug Bach Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 October 2024

 

Crug Bach Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Crug Bach Limited

(Registration number: 12951328)
Abridged Balance Sheet as at 31 October 2024

2024
£

2023
£

Fixed assets

Investment property

1,311,773

1,287,719

Current assets

Debtors

4,246

3,288

Cash at bank and in hand

86,314

22,302

90,560

25,590

Creditors: Amounts falling due within one year

(1,423,616)

(1,326,983)

Net current liabilities

(1,333,056)

(1,301,393)

Net liabilities

(21,283)

(13,674)

Capital and reserves

Called up share capital

200

200

Profit and loss account

(21,483)

(13,874)

Total equity

(21,283)

(13,674)

 

Crug Bach Limited

(Registration number: 12951328)
Abridged Balance Sheet as at 31 October 2024

For the financial year ending 31 October 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 2 May 2025 and signed on its behalf by:
 

Mr B M Cotter

Director

Mrs A K Cotter

Director

 

Crug Bach Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Crug Bach
Meidrim
Carmarthen
SA33 5PS

These financial statements were authorised for issue by the Board on 2 May 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through the intercompany account with Emerald Vets Limited. Emerald Vets Limited have confirmed that they will not seek repayment of this amount until the company has sufficient funds available to do so. Therefore the company will have sufficient funding to enable it to continue trading for at least one year from the date of the approval of these accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

Crug Bach Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Investment property

0% straight line

Investment property

Investment property is carried at fair value, derived from the 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4 Investment properties

2024
£

At 1 November

1,287,719

Additions

24,054

At 31 October

1,311,773

There has been no valuation of investment property by an independent valuer.

5

Related party transactions

Advances to directors


Mrs A K Cotter

During the period Mrs A K Cotter went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £4,246 (2023 - £3,127). At the year end the amount outstanding from Mrs A K Cotter was £4,246 (2023 - £). Interest has been charged at the commercial rate.