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REGISTERED NUMBER: 01485817 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

G.M. CRAIG (DEVELOPMENTS) LIMITED

G.M. CRAIG (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 01485817)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


G.M. CRAIG (DEVELOPMENTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: G M Craig
Mrs L E Craig





SECRETARY: Mrs L E Craig





REGISTERED OFFICE: Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP





REGISTERED NUMBER: 01485817 (England and Wales)





ACCOUNTANTS: J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
G.M. CRAIG (DEVELOPMENTS) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G.M. Craig (Developments) Limited for the year ended 31 January 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of G.M. Craig (Developments) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G.M. Craig (Developments) Limited and state those matters that we have agreed to state to the Board of Directors of G.M. Craig (Developments) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G.M. Craig (Developments) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G.M. Craig (Developments) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G.M. Craig (Developments) Limited. You consider that G.M. Craig (Developments) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G.M. Craig (Developments) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP


30 April 2025

G.M. CRAIG (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 01485817)

BALANCE SHEET
31 JANUARY 2025

31/1/25 31/1/24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 563,200 563,200
Investment property 5 800,000 800,000
1,363,200 1,363,200

CURRENT ASSETS
Stocks 440,045 767,880
Debtors 6 115,187 785,434
Cash at bank 519,848 307,601
1,075,080 1,860,915
CREDITORS
Amounts falling due within one year 7 549,313 1,236,706
NET CURRENT ASSETS 525,767 624,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,888,967

1,987,409

PROVISIONS FOR LIABILITIES 121,699 121,699
NET ASSETS 1,767,268 1,865,710

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 8 486,797 486,797
Retained earnings 1,270,471 1,368,913
SHAREHOLDERS' FUNDS 1,767,268 1,865,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

G.M. CRAIG (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 01485817)

BALANCE SHEET - continued
31 JANUARY 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





G M Craig - Director


G.M. CRAIG (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 01485817)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

G.M. Craig (Developments) Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 2 (2024 - 2 ) .

G.M. CRAIG (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 01485817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 February 2024
and 31 January 2025 563,200
NET BOOK VALUE
At 31 January 2025 563,200
At 31 January 2024 563,200

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 800,000
NET BOOK VALUE
At 31 January 2025 800,000
At 31 January 2024 800,000

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2022 800,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Trade debtors 94,262 764,509
Other debtors 20,925 20,925
115,187 785,434

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Payments on account 400,043 1,184,841
Trade creditors 99,954 -
Taxation and social security 46,401 46,523
Other creditors 2,915 5,342
549,313 1,236,706

G.M. CRAIG (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 01485817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

8. RESERVES
Fair
value
reserve
£   
At 1 February 2024
and 31 January 2025 486,797