REGISTERED NUMBER: 03946919 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

CRAIG RITCHIE & COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C R Ritchie

REGISTERED OFFICE:

313 Dyke Road

Hove

East Sussex

BN3 6PE

REGISTERED NUMBER:

03946919 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

799

993

Investments

6

6,100

6,100

6,899

7,093

CURRENT ASSETS

Debtors

7

190,435

204,624

Cash at bank

14,067

17,372

204,502

221,996

CREDITORS

Amounts falling due within one year

8

(56,554

)

(57,778

)

NET CURRENT ASSETS

147,948

164,218

TOTAL ASSETS LESS CURRENT LIABILITIES

154,847

171,311

CREDITORS

Amounts falling due after more than one year

9

(722

)

(8,949

)

NET ASSETS

154,125

162,362

CAPITAL AND RESERVES

Called up share capital

36

36

Share premium

154,076

154,076

Retained earnings

13

8,250

154,125

162,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 December 2025 and were signed by:

C R Ritchie - Director

1.	STATUTORY INFORMATION

Craig Ritchie & Company 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.

Turnover

Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Turnover relates to fees from invoices raised for property valuation services.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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% on cost

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

240,000

AMORTISATION

At 1 May 2024

and 30 April 2025

240,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2024

2,982

3,708

6,690

Additions

159

350

509

At 30 April 2025

3,141

4,058

7,199

DEPRECIATION

At 1 May 2024

2,666

3,031

5,697

Charge for year

296

407

703

At 30 April 2025

2,962

3,438

6,400

NET BOOK VALUE

At 30 April 2025

179

620

799

At 30 April 2024

316

677

993

6.	FIXED ASSET INVESTMENTS

Own

shares

£

COST

At 1 May 2024

and 30 April 2025

6,100

NET BOOK VALUE

At 30 April 2025

6,100

At 30 April 2024

6,100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,193

22,706

Amounts owed by associates

165,189

163,299

Accrued income

248

3,372

Prepayments

11,805

15,247

190,435

204,624

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,601

8,758

Trade creditors

415

-

Amounts owed to associates

15,000

-

Tax

1,067

8,811

Social security and other taxes

167

599

VAT

8,952

8,762

Other creditors

-

3,346

Directors' loan accounts

20,496

25,752

Accrued expenses

1,856

1,750

56,554

57,778

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

722

8,758

Bank loans - 2-5 years

-

191

722

8,949

10.	RELATED PARTY DISCLOSURES

Companies under common control

Amoun t due from

Amoun t due to

£

£

Opening balance

163,299

-

Amounts advanced

1,890

15,000

Amounts repaid

-

-

Closing balance

165,189

15,000

These balances are included in debtors and creditors respectively.