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Registered number: 06121043
Cross Rigg Developments (North East) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06121043
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 5,207,865 5,207,865
Investments 5 100 100
5,207,965 5,207,965
CURRENT ASSETS
Debtors 6 1,096,248 942,765
Cash at bank and in hand 105,952 68,178
1,202,200 1,010,943
Creditors: Amounts Falling Due Within One Year 7 (4,200,693 ) (3,781,138 )
NET CURRENT ASSETS (LIABILITIES) (2,998,493 ) (2,770,195 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,209,472 2,437,770
Creditors: Amounts Falling Due After More Than One Year 8 (255,566 ) (403,656 )
NET ASSETS 1,953,906 2,034,114
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 1,034,351 1,034,351
Profit and Loss Account 919,554 999,762
SHAREHOLDERS' FUNDS 1,953,906 2,034,114
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Brough
Director
9th December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cross Rigg Developments (North East) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06121043 . The registered office is Alhambra, 15 The Close, Stanhope Road, Edmundbyers, Consett, Co Durham, DH8 9NH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 5,207,865
Page 3
Page 4
5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 100
As at 31 March 2025 100
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 100
As at 1 April 2024 100
6. Debtors
2025 2024
£ £
Due within one year
Amounts owed by group undertakings 1,096,248 942,765
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts - (33,452 )
Other creditors 4,195,806 3,808,960
Taxation and social security 4,887 5,630
4,200,693 3,781,138
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 255,566 403,656
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4
Page 5
10. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 April 2024 1,034,351 999,762
Loss for the year and total comprehensive income - (80,208 )
As at 31 March 2025 1,034,351 919,554
Page 5