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REGISTERED NUMBER: SC375221 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Cross Shore Limited

Cross Shore Limited (Registered number: SC375221)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cross Shore Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: R Lawson





SECRETARY: S Lawson





REGISTERED OFFICE: 3 Greenhill Terrace
Edinburgh
EH10 4BS





REGISTERED NUMBER: SC375221 (Scotland)





ACCOUNTANTS: Crichton Mackie Accounting Services Ltd
66 Barntongate Drive
Edinburgh
EH4 8BY

Cross Shore Limited (Registered number: SC375221)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 72
Investments 5 614,383 559,793
Investment property 6 1,023,000 1,023,000
1,637,383 1,582,865

CURRENT ASSETS
Debtors 7 235,663 249,362
Cash at bank 44,841 99,635
280,504 348,997
CREDITORS
Amounts falling due within one year 8 3,597 7,056
NET CURRENT ASSETS 276,907 341,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,914,290

1,924,806

CREDITORS
Amounts falling due after more than
one year

9

(245,000

)

(245,000

)

PROVISIONS FOR LIABILITIES - (18 )
NET ASSETS 1,669,290 1,679,788

Cross Shore Limited (Registered number: SC375221)

Balance Sheet - continued
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 53,773 19,254
Retained earnings 1,615,417 1,660,434
SHAREHOLDERS' FUNDS 1,669,290 1,679,788

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 23 May 2025 and were signed by:





R Lawson - Director


Cross Shore Limited (Registered number: SC375221)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Cross Shore 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 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.
Plant and machinery etc - 25% on cost

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.

Cross Shore Limited (Registered number: SC375221)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 14,979
Disposals (7,043 )
At 30 September 2024 7,936
DEPRECIATION
At 1 October 2023 14,907
Charge for year 72
Eliminated on disposal (7,043 )
At 30 September 2024 7,936
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 72

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 559,793
Additions 20,071
Revaluations 34,519
At 30 September 2024 614,383
NET BOOK VALUE
At 30 September 2024 614,383
At 30 September 2023 559,793

Fixed asset investments are stated at fair value as advised by the relevant bodies.

Cross Shore Limited (Registered number: SC375221)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,023,000
NET BOOK VALUE
At 30 September 2024 1,023,000
At 30 September 2023 1,023,000

Investment properties are stated at fair value which has been estimated by the director.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 235,663 249,362

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 3,597 7,056

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 245,000 245,000

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 245,000 245,000

The bank loan is secured by a standard security over the property at 23 Oxford Street, Edinburgh and by a floating charge over the other property and assets belonging to the company. The security is in favour of Hampden & Co plc.

Cross Shore Limited (Registered number: SC375221)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary 1 100 100