CrossCompany Limited - Filleted accounts

Registered number

00683566

CrossCompany Limited

Filleted Accounts

31 May 2025

CrossCompany Limited
Registered number:		00683566
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		32,319			8,572
Investments	4		905,000			905,000
			937,319			913,572

Current assets
Debtors	5	2,042			1,378
Cash at bank and in hand		2,438			4,360
		4,480			5,738

Creditors: amounts falling due within one year	6	(229,328)			(205,381)

Net current liabilities			(224,848)			(199,643)

Total assets less current liabilities			712,471			713,929

Creditors: amounts falling due after more than one year	7		(506,040)			(490,759)

Provisions for liabilities			(35,987)			(30,560)


Net assets			170,444			192,610

Capital and reserves
Called up share capital			5,224			5,224
Revaluation reserve	9		125,031			125,031
Profit and loss account			40,189			62,355

Shareholders' funds			170,444			192,610













The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr D Cross
Director
Approved by the board on 17 September 2025

CrossCompany Limited
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery		-	25% reducing balance
	Motor vehcles		-	25% reducing balance
	Fixtures and fittings		-	15% reducing balance
	Office equipment		-	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. Currently, the company holds a long leasehold property acquired on 4 March 2021 for £47,000, with a remaining lease term of 65 years at acquisition.The lease is classified as an operating lease under FRS 102. Lease payments are recognised as an expense on a straight-line basis over the lease term. The total lease expense recognised in the profit and loss account for the year ended 31 May 2025 was £1,880. The lease does not contain any break clauses, renewal options, or contingent rent arrangement.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1










3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 June 2024	6,127		1,500		16,995		24,622
	Additions	14,780		-		19,280		34,060
	Disposals	(185)		-		(16,995)		(17,180)
	At 31 May 2025	20,722		1,500		19,280		41,502

	Depreciation
	At 1 June 2024	1,977		1,110		12,963		16,050
	Charge for the year	2,142		98		5,025		7,265
	On disposals	(161)		-		(13,971)		(14,132)
	At 31 May 2025	3,958		1,208		4,017		9,183

	Net book value
	At 31 May 2025	16,764		292		15,263		32,319
	At 31 May 2024	4,150		390		4,032		8,572


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					-		750,641
	Cumulative depreciation based on historical cost					-		42,905
						-		707,736
	The 2024 valuations were made by the director of the company, on an open market value for existing use basis. If the investment properties had been accounted for under the histroic cost accounting rules, the properties would have been measured as follows:


4	Investments

Other
investments
£
	Cost
	At 1 June 2024							905,000

	At 31 May 2025							905,000

	Historical cost
	At 1 June 2024							707,736
	At 31 May 2025							689,273


5	Debtors					2025		2024
£							£

	Trade debtors					860		-
	Other debtors					1,182		1,378
						2,042		1,378


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					-		2,944
	Taxation and social security costs					428		655
	Other creditors					228,900		201,782
						229,328		205,381


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					490,759		490,759
	Obligations under finance lease and hire purchase contracts					15,281		-
						506,040		490,759


8	Loans					2025		2024
£							£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years					490,759		490,759


9	Revaluation reserve					2025		2024
£							£

	At 1 June 2024					125,031		108,831
	Gain on revaluation of land and buildings					-		16,200

	At 31 May 2025					125,031		125,031


10	Related party transactions

	At the year end the company owed its directors £226,562 (2024: £200,039) in respect of an interest-free directors loan account. The loan is unsecured and is repayable on demand.




	22a Main Road
	Gedling
	Nottingham
	Nottinghamshire
	NG4 3HP