CROFT MYL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Nolan

Mrs V Nolan

REGISTERED OFFICE:

Croft Myl

West Parade

Halifax

West Yorkshire

HX1 2EQ

REGISTERED NUMBER:

10093566 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

47,398

55,762

Investment property

5

1,742,400

1,742,400

1,789,798

1,798,162

CURRENT ASSETS

Debtors

6

41,997

31,674

Cash at bank and in hand

5,141

2,828

47,138

34,502

CREDITORS

Amounts falling due within one year

7

584,857

534,699

NET CURRENT LIABILITIES

(537,719

)

(500,197

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,252,079

1,297,965

CREDITORS

Amounts falling due after more than one year

8

(394,202

)

(452,313

)

PROVISIONS FOR LIABILITIES

9

(163,900

)

(163,900

)

NET ASSETS

693,977

681,752

CAPITAL AND RESERVES

Called up share capital

10

1

1

Fair value reserve

862,631

862,631

Retained earnings

(168,655

)

(180,880

)

SHAREHOLDERS' FUNDS

693,977

681,752

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.

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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

B Nolan - Director

1.	STATUTORY INFORMATION

Croft Myl 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 7 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

143,467

5,364

148,831

DEPRECIATION

At 1 April 2024

87,706

5,363

93,069

Charge for year

8,364

-

8,364

At 31 March 2025

96,070

5,363

101,433

NET BOOK VALUE

At 31 March 2025

47,397

1

47,398

At 31 March 2024

55,761

1

55,762

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,742,400

NET BOOK VALUE

At 31 March 2025

1,742,400

At 31 March 2024

1,742,400

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

946,082

Valuation in 2019

753,918

Valuation in 2020

6,981

Valuation in 2021

35,419

1,742,400

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

41,992

17,456

Other debtors

5

14,218

41,997

31,674

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

63,319

70,845

Trade creditors

8,822

9,032

Social security and other taxes

62,150

49,641

VAT

73,804

51,193

Other creditors

374,222

351,568

Accrued expenses

2,540

2,420

584,857

534,699

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - more than 1 year

394,202

452,313

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

163,900

163,900

Deferred

tax

£

Balance at 1 April 2024

163,900

Property revaluation reserve

Accelerated capital allowances

Revaluation reserve

Balance at 31 March 2025

163,900

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

.01

1

1

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was indebted to Circuit Electrical Ltd in the sum of £368,520 (2024: £348,857) Mr & Mrs Nolan are directors and hold a controlling interest in Circuit Electrical Ltd.

At the balance sheet date, the company was indebted to Hatch Brunch House Ltd in the sum of £2,806 (2024: -£14,218). Mrs Nolan is a director and shareholder in Hatch Brunch House Ltd.