Silverfin false false 31/08/2024 01/09/2023 31/08/2024 G I Maspero 10/02/2017 27 May 2025 The principal activity for the year continued to be that of property construction. 10612294 2024-08-31 10612294 bus:Director1 2024-08-31 10612294 2023-08-31 10612294 core:CurrentFinancialInstruments 2024-08-31 10612294 core:CurrentFinancialInstruments 2023-08-31 10612294 core:ShareCapital 2024-08-31 10612294 core:ShareCapital 2023-08-31 10612294 core:RetainedEarningsAccumulatedLosses 2024-08-31 10612294 core:RetainedEarningsAccumulatedLosses 2023-08-31 10612294 core:Vehicles 2023-08-31 10612294 core:Vehicles 2024-08-31 10612294 core:CurrentFinancialInstruments 1 2024-08-31 10612294 core:CurrentFinancialInstruments 1 2023-08-31 10612294 2023-09-01 2024-08-31 10612294 bus:FilletedAccounts 2023-09-01 2024-08-31 10612294 bus:SmallEntities 2023-09-01 2024-08-31 10612294 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10612294 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10612294 bus:Director1 2023-09-01 2024-08-31 10612294 core:Vehicles 2023-09-01 2024-08-31 10612294 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Company No: 10612294 (England and Wales)

CROSS KEYS CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH THE REGISTRAR

CROSS KEYS CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024

Contents

CROSS KEYS CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2024
CROSS KEYS CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

AS AT 31 AUGUST 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 8,987 11,983
8,987 11,983
Current assets
Debtors 4 144,990 4,968
Cash at bank and in hand 1,403 14,830
146,393 19,798
Creditors: amounts falling due within one year 5 ( 143,064) ( 20,586)
Net current assets/(liabilities) 3,329 (788)
Total assets less current liabilities 12,316 11,195
Net assets 12,316 11,195
Capital and reserves
Called-up share capital 100 100
Profit and loss account 12,216 11,095
Total shareholder's funds 12,316 11,195

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Cross Keys Construction Limited (registered number: 10612294) were approved and authorised for issue by the Director on 27 May 2025. They were signed on its behalf by:

G I Maspero
Director
CROSS KEYS CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
CROSS KEYS CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cross Keys Construction Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Cross Keys House, 27 The Parade, Marlborough, Wiltshire, SN8 1NE.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Vehicles Total
£ £
Cost
At 01 September 2023 16,672 16,672
At 31 August 2024 16,672 16,672
Accumulated depreciation
At 01 September 2023 4,689 4,689
Charge for the financial year 2,996 2,996
At 31 August 2024 7,685 7,685
Net book value
At 31 August 2024 8,987 8,987
At 31 August 2023 11,983 11,983

4. Debtors

2024 2023
£ £
Accrued income 143,200 4,500
VAT recoverable 1,690 368
Other debtors 100 100
144,990 4,968

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,806 13,360
Amounts owed to Group undertakings 134,500 0
Accruals 4,075 6,695
CIS withheld 1,694 531
Taxation and social security 989 0
143,064 20,586

6. Related party transactions

Transactions with related parties

During the year ended 31 August 2024, the company entered into the following transactions with the above companies:

**Sales**

2024 2023
£ £
Fellow group undertakings 31,500 76,000

**Expenses recharged to related parties**

2024 2023
£ £
Entities with a common director 0 20

All of the above transactions were made under normal commercial terms.

**Amounts owed to related parties**

2024 2023
£ £
Fellow group undertakings 134,500 0