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Registration number: 09573714

Cranidge Holdings Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Cranidge Holdings Limited

(Registration number: 09573714)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

20,898

897

Investment property

5

570,775

570,775

Investments

6

522,700

100

 

1,114,373

571,772

Current assets

 

Debtors

7

545,977

2,945

Cash at bank and in hand

 

747,810

1,463,617

 

1,293,787

1,466,562

Creditors: Amounts falling due within one year

8

(1,472,791)

(1,044,510)

Net current (liabilities)/assets

 

(179,004)

422,052

Total assets less current liabilities

 

935,369

993,824

Provisions for liabilities

(36,600)

(34,367)

Net assets

 

898,769

959,457

Capital and reserves

 

Called up share capital

9

110

110

Other reserves

103,098

103,098

Retained earnings

795,561

856,249

Shareholders' funds

 

898,769

959,457

 

Cranidge Holdings Limited

(Registration number: 09573714)
Balance Sheet as at 31 October 2024

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 July 2025
 


Mr B W Shrimpton
Director

   
 

Cranidge Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Willows
Barton Road
Wrawby
Brigg
North Lincolnshire
DN20 8SH

Registration number: 09573714

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements on the ground that it is a small sized group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods
and provision of services in the ordinary course of the company’s activities. Turnover is shown net of
sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
 

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Cranidge Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings & equipment

25% or 20% per annum on written down value

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Cranidge Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

6,011

6,011

Additions

20,190

20,190

At 31 October 2024

26,201

26,201

Depreciation

At 1 November 2023

5,114

5,114

Charge for the year

189

189

At 31 October 2024

5,303

5,303

Carrying amount

At 31 October 2024

20,898

20,898

At 31 October 2023

897

897

5

Investment properties

2024
£

At 1 November

570,775

At 31 October

570,775

There has been no valuation of investment property by an independent valuer.

 

Cranidge Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Investments

2024
£

2023
£

Investments in subsidiaries

522,700

100

Subsidiaries

£

Cost or valuation

At 1 November 2023

100

Additions

522,600

At 31 October 2024

522,700

Carrying amount

At 31 October 2024

522,700

At 31 October 2023

100

7

Debtors

2024
£

2023
£

Other debtors

3,001

2,945

Directors loan account

542,976

-

 

545,977

2,945

 

Cranidge Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

8

Creditors

2024
£

2023
£

Due within one year

Amounts due to related parties

1,418,026

981,565

Social security and other taxes

19,853

19,533

Other payables

34,912

43,412

1,472,791

1,044,510

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

110

110

110

110

       

10

Related party transactions

Directors' benefits: advances, credits and guarantees

During the year, a director received a loan of £542,976. Interest is charged on this loan at the standard HMRC rate of 2.25%. The amount outstanding at the year-end, which is repayable on demand and included in current assets, was £542,976 (2023- £NIL).