REGISTERED NUMBER: 00230069 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Cromford Group Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTORS:

A S D Key

D J Rayson

SECRETARY:

D J Rayson

REGISTERED OFFICE:

Lawn House

Intake Lane

Cromford

Matlock

Derbyshire

DE4 3RH

REGISTERED NUMBER:

00230069 (England and Wales)

ACCOUNTANTS:

M. J. Shapcott & Co. Limited

Chartered Accountants

Charter House, Wyvern Court

Stanier Way

Derby

DE21 6BF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cromford Group Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cromford Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cromford Group Limited and state those matters that we have agreed to state to the Board of Directors of Cromford Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cromford Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cromford Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cromford Group Limited. You consider that Cromford Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cromford Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

M. J. Shapcott & Co. Limited

Chartered Accountants

Charter House, Wyvern Court

Stanier Way

Derby

DE21 6BF

18 September 2025

FIXED ASSETS

Tangible assets

4

1,773

1,332

Financial assets

5

40,000

40,000

Investment property

6

1,380,000

983,201

1,421,773

1,024,533

CURRENT ASSETS

Debtors

7

2,986,140

2,776,351

Prepayments and accrued income

6,152

22,135

Cash at bank

27,528

62,896

3,019,820

2,861,382

CREDITORS

Amounts falling due within one year

8

212,749

227,278

NET CURRENT ASSETS

2,807,071

2,634,104

TOTAL ASSETS LESS CURRENT LIABILITIES

4,228,844

3,658,637

ACCRUALS AND DEFERRED INCOME

1,293

6,503

NET ASSETS

4,227,551

3,652,134

CAPITAL AND RESERVES

Called up share capital

175,919

175,919

Share premium

674,333

674,333

Capital redemption reserve

96,644

96,644

Fair value reserve

9

818,670

370,684

Retained earnings

2,461,985

2,334,554

SHAREHOLDERS' FUNDS

4,227,551

3,652,134

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.

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 18 September 2025 and were signed on its behalf by:

A S D Key - Director

1.	STATUTORY INFORMATION

Cromford Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents rental income, royalties receivable, investment income and investment returns, except franked investment income which is included in other income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

33% on cost

Investment property and investments

Investment property and investments are included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property or investment is sold after taking into account indexation allowances. A transfer between the profit and loss account and the fair value reserve is made regarding these net gains.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 January 2024

4,546

Additions

1,582

At 31 December 2024

6,128

DEPRECIATION

At 1 January 2024

3,214

Charge for year

1,141

At 31 December 2024

4,355

NET BOOK VALUE

At 31 December 2024

1,773

At 31 December 2023

1,332

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

40,000

NET BOOK VALUE

At 31 December 2024

40,000

At 31 December 2023

40,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

983,201

Disposals

(51,187

)

Revaluations

447,986

At 31 December 2024

1,380,000

NET BOOK VALUE

At 31 December 2024

1,380,000

At 31 December 2023

983,201

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

370,401

Valuation in 2024

447,986

Cost

561,613

1,380,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

642,968

642,968

Investment property was valued on an open market basis on 31 December 2024 by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

13,000

14,626

Other debtors

2,973,140

2,761,725

2,986,140

2,776,351

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

15,277

16,086

Taxation and social security

152,431

166,151

Other creditors

45,041

45,041

212,749

227,278

9.

RESERVES

Fair

value

reserve

£

At 1 January 2024

370,684

Transfers

447,986

At 31 December 2024

818,670

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

A S D Key

Balance outstanding at start of year

1,307,655

1,152,599

Amounts advanced

138,469

155,056

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,446,124

1,307,655

D J Rayson

Balance outstanding at start of year

138,362

126,569

Amounts advanced

1,083

11,793

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

139,445

138,362

The loans provided are interest free and are repayable on demand.

11.	RELATED PARTY DISCLOSURES

At 31 December 2024 £40,000 (2023 £40,000) was owing to the subsidiary, Cromford (Key) Estates Company Limited. The balance is interest-free and repayable on demand.

At 31 December 2024 £5,002 (2023 £5,002) was owing to Derbyshire Fluor Spa Company Limited, a company in which the directors have an interest. The balance is interest-free and repayable on demand.