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Registered number: 12403407
Croftz Limited
Unaudited Financial Statements
For the Period 1 February 2024 to 31 December 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12403407
31 December 2024 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 724 1,743
Investments 5 1,000 1,000
1,724 2,743
CURRENT ASSETS
Debtors 6 276,301 149,871
Cash at bank and in hand 77,521 88,292
353,822 238,163
Creditors: Amounts Falling Due Within One Year 7 (22,692 ) (6,373 )
NET CURRENT ASSETS (LIABILITIES) 331,130 231,790
TOTAL ASSETS LESS CURRENT LIABILITIES 332,854 234,533
Creditors: Amounts Falling Due After More Than One Year 8 (33,329 ) (30,556 )
NET ASSETS 299,525 203,977
CAPITAL AND RESERVES
Called up share capital 9 212 209
Share premium account 486,692 349,985
Income Statement (187,379 ) (146,217 )
SHAREHOLDERS' FUNDS 299,525 203,977
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For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr A K Sahni
Director
13/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Croftz Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12403407 . The registered office is Ground Floor 31 Kentish Town Road, Camden Town, London, NW1 8NL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
Croftz Limited has decided to change its financial period-end from 31 January to 31 December to align with the rest of the group.  Thus, the current period financial statements (including the related notes) which comprise 11 months are not fully comparable with the prior period which comprises 12 months.
The principle accounting policies adopted are set below.
Exemption from consolidation
The company is the parent undertaking of a small group and as such is not required to prepare group accounts under Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about the group of which it is the ultimate parent.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment 33.33% Straight line
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Fixed asset Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.9. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the year in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.
3. Average Number of Employees
Average number of employees, including directors, during the period was:
31 December 2024 31 January 2024
Office and administration 1 1
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2024 3,369
As at 31 December 2024 3,369
Depreciation
As at 1 February 2024 1,626
Provided during the period 1,019
As at 31 December 2024 2,645
Net Book Value
As at 31 December 2024 724
As at 1 February 2024 1,743
5. Investments
Subsidiaries
£
Cost
As at 1 February 2024 1,000
As at 31 December 2024 1,000
Provision
As at 1 February 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1,000
As at 1 February 2024 1,000
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6. Debtors
31 December 2024 31 January 2024
£ £
Due within one year
Trade debtors 1,139 -
Prepayments and accrued income 15,211 3,465
Other debtors 261 1,658
Amounts owed by group undertakings 259,690 144,748
276,301 149,871
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 January 2024
£ £
Trade creditors 2,500 -
Bank loans and overdrafts 5,093 5,556
Accruals and deferred income 12,672 -
Director's loan account 2,427 817
22,692 6,373
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 January 2024
£ £
Bank loans 25,926 30,556
Other creditors 7,403 -
33,329 30,556
9. Share Capital
31 December 2024 31 January 2024
£ £
Allotted, Called up and fully paid 212 209
During the year, 30,174 Ordinary shares of £0.0001 per share with an aggregate nominal value of £3.02 were allotted, issued and fully paid for a total consideration of £136,710
10. Related Party Transactions
There is a current liability of £2,427 as at the year end to a director and shareholder of the company.  This loan is interest free and repayable on demand.
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