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REGISTERED NUMBER: SC752538 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Crawford Cottages Ltd

Crawford Cottages Ltd (Registered number: SC752538)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crawford Cottages Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: K J Pirie
M D Pirie





REGISTERED OFFICE: 28 St. James Road
Forfar
DD8 1LG





REGISTERED NUMBER: SC752538 (Scotland)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Crawford Cottages Ltd (Registered number: SC752538)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
Fixed assets
Investment property 4 450,000 182,587

Current assets
Cash at bank and in hand 38 43

Creditors
Amounts falling due within one year 5 (234,307 ) (119,869 )
Net current liabilities (234,269 ) (119,826 )
Total assets less current liabilities 215,731 62,761

Creditors
Amounts falling due after more than one year 6 (104,261 ) (99,206 )

Provisions for liabilities 9 (66,853 ) -
Net assets/(liabilities) 44,617 (36,445 )

Capital and reserves
Called up share capital 10 2 2
Revaluation reserve 11 200,560 -
Retained earnings 11 (155,945 ) (36,447 )
Shareholders' funds 44,617 (36,445 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Crawford Cottages Ltd (Registered number: SC752538)

Balance Sheet - continued
31 December 2024


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 Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





K J Pirie - Director


Crawford Cottages Ltd (Registered number: SC752538)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Crawford Cottages Ltd 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Crawford Cottages Ltd (Registered number: SC752538)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 182,587
Revaluations 267,413
At 31 December 2024 450,000
NET BOOK VALUE
At 31 December 2024 450,000
At 31 December 2023 182,587

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 267,413
Cost 182,587
450,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 233,301 118,969
Accrued expenses 1,006 900
234,307 119,869

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 7) 104,261 99,206

Amounts falling due in more than five years:

Repayable by instalments
Mortgages 104,261 99,206

Crawford Cottages Ltd (Registered number: SC752538)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Mortgages 104,261 99,206

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 104,261 99,206

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 66,853 -

Deferred
tax
£   
Provided during year 66,853
Balance at 31 December 2024 66,853

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2024 (36,447 ) - (36,447 )
Profit for the year 81,062 81,062
Revaluation Reserve (200,560 ) 200,560 -
At 31 December 2024 (155,945 ) 200,560 44,615