REGISTERED NUMBER: 00466093 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Crooklets Cafe (Bude) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Horton

L A Horton

SECRETARY:

Miss P R Horton

REGISTERED OFFICE:

Metherell Gard

Burn View

BUDE

Cornwall

EX23 8BX

REGISTERED NUMBER:

00466093 (England and Wales)

ACCOUNTANTS:

Metherell Gard Ltd

Chartered Accountants

Burn View

Bude

Cornwall

EX23 8BX

FIXED ASSETS

Tangible assets

4

850,531

850,550

CURRENT ASSETS

Debtors

21,830

20,894

Cash at bank

29,614

26,624

51,444

47,518

CREDITORS

Amounts falling due within one year

58,158

79,684

NET CURRENT LIABILITIES

(6,714

)

(32,166

)

TOTAL ASSETS LESS CURRENT LIABILITIES

843,817

818,384

CREDITORS

Amounts falling due after more than one year

(2,109

)

(7,109

)

PROVISIONS FOR LIABILITIES

(131,600

)

(131,200

)

NET ASSETS

710,108

680,075

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Fair value reserve

5

507,793

507,793

Retained earnings

198,315

168,282

SHAREHOLDERS' FUNDS

710,108

680,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 December 2025 and were signed on its behalf by:

P R Horton - Director

L A Horton - Director

1.	STATUTORY INFORMATION

Crooklets Cafe (Bude) 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 is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for recognition of turnover are as follows:

Rental income

Rental income from investment property leased out under an operating lease is recognised in turnover on a

straight line basis over the lease term.

Tangible fixed assets

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.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 33% on cost, 20% on cost and 25% on reducing balance

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 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.

Investment property

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

In subsequent years they are measured at fair value at each reporting date with changes to fair value recognised in profit or loss.

Financial instruments

All financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include current asset investments, cash at bank, trade and other debtors, trade and other creditors, and bank loans.

Debtors and creditors receivable / payable within one year

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 through profit or loss in other

administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Employee Benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

854,189

Additions

200

At 31 March 2025

854,389

DEPRECIATION

At 1 April 2024

3,639

Charge for year

219

At 31 March 2025

3,858

NET BOOK VALUE

At 31 March 2025

850,531

At 31 March 2024

850,550

Tangible fixed assets include investment properties. The investment properties were valued in March 2025 by the directors. The directors valuation was based on the value the properties would command if placed on the market for sale under the market conditions at the time.

5.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

507,793

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Balance outstanding at start of year

-

-

Amounts advanced

2,175

-

Amounts repaid

-

-

Balance outstanding at year end

2,175

-

The loan was interest free and repaid on 5th November 2025.

7.	RELATED PARTY DISCLOSURES

One of the directors, personally owns a property from which the company operates. The property was licenced to the company for the year for a cost of £10 (2024: £10).