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Registered Number: 11747374
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 January 2025

for

CRAGG 1 LIMITED

Director Mrs H M Cragg
Registered Number 11747374
Registered Office 5 Sandy Court
Ashleigh Way
Plymouth
Devon
PL7 5JX
Accountants H M Williams Chartered Certified Accountants
5 Sandy Court
Ashleigh Way
Plymouth
PL7 5JX
1
Director's report and financial statements
The director presents her annual report and the financial statements for the year ended 31 January 2025.
Principal activities
The principal activity of the company in the year under review was that of letting and operating of real estate.
Director
The director who has held office during the whole of the year was as follows:
Mrs H M Cragg
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Mrs H M Cragg
Director

Date approved: 01 July 2025
2
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 101    134 
Investments 4 405,000    405,000 
405,101    405,134 
Current assets      
Debtors 5 1,205    994 
Cash at bank and in hand 41,231    33,997 
42,436    34,991 
Creditors: amount falling due within one year 6 (109,351)   (114,869)
Net current assets (66,915)   (79,878)
 
Total assets less current liabilities 338,186    325,256 
Creditors: amount falling due after more than one year 7 (246,480)   (246,480)
Provisions for liabilities 8 (9,166)   (9,172)
Net assets 82,540    69,604 
 

Capital and reserves
     
Called up share capital 30    30 
Profit and loss account 82,510    69,574 
Shareholders' funds 82,540    69,604 
 


For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 01 July 2025 and were signed by:


-------------------------------
Mrs H M Cragg
Director
3
General Information
Cragg 1 Limited is a private company, limited by shares, registered in England and Wales, registration number 11747374, registration address 5 Sandy Court, Ashleigh Way, Plymouth, Devon, PL7 5JX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 taxation
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings 25% Reducing Balance
Investment properties
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.
2.

Average number of employees

Average number of employees during the year was 0 (2024 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 February 2024 318    318 
Additions  
Disposals  
At 31 January 2025 318    318 
Depreciation
At 01 February 2024 184    184 
Charge for year 33    33 
On disposals  
At 31 January 2025 217    217 
Net book values
Closing balance as at 31 January 2025 101    101 
Opening balance as at 01 February 2024 134    134 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 February 2024 405,000    405,000 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 January 2025 405,000    405,000 
Investment properties have been valued as at 31 January 2025 on the basis of their open market value with vacant possession, by the director Mrs H M Cragg.


Cost or Valuation at 31 January 2025 Investment Properties
£
Valuation in 202248,140 
Cost356,860 
405,000 




5.

Debtors: amounts falling due within one year

2025
£
  2024
£
Other Debtors 1,205    994 
1,205    994 

6.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors   196 
Taxation and Social Security 3,064    2,692 
Other Creditors 106,287    111,981 
109,351    114,869 

7.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans & Overdrafts 246,480    246,480 
246,480    246,480 

8.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 9,166    9,172 
9,166    9,172 

9.

Ultimate Controlling Party

The ultimate controlling party is Mrs H M Cragg by virtue of her shareholding.
10.

Reserves

The retained earnings include a non-distributable amount of £48,140 from revaluation adjustments under FRS 102.
4