| Cru&Co Properties Ltd |
| Registered number: |
SC286822 |
| Balance Sheet |
| as at 30 June 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,328 |
|
|
1,771 |
| Investments |
4 |
|
|
1,674,562 |
|
|
1,240,885 |
|
|
|
|
1,675,890 |
|
|
1,242,656 |
|
| Current assets |
| Debtors |
5 |
|
8,831 |
|
|
17,877 |
| Cash at bank and in hand |
|
|
16,350 |
|
|
12,502 |
|
|
|
25,181 |
|
|
30,379 |
|
| Creditors: amounts falling due within one year |
6 |
|
(212,506) |
|
|
(229,059) |
|
| Net current liabilities |
|
|
|
(187,325) |
|
|
(198,680) |
|
| Total assets less current liabilities |
|
|
|
1,488,565 |
|
|
1,043,976 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(1,162,287) |
|
|
(743,886) |
|
|
|
| Net assets |
|
|
|
326,278 |
|
|
300,090 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
9 |
|
|
178,697 |
|
|
178,697 |
| Profit and loss account |
|
|
|
147,481 |
|
|
121,293 |
|
| Shareholder's funds |
|
|
|
326,278 |
|
|
300,090 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| A Cruickshank |
| Director |
| Approved by the board on 14 July 2026 |
|
| Cru&Co Properties Ltd |
| Notes to the Accounts |
| for the year ended 30 June 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Rental income is recognised on an accruals basis in accordance with FRS 102 Section 23.
Revenue from the provision of services is recognised in the period in which the services are provided when all of the following are recognised:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due;
- the costs incurred can be measured reliably. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Motor vehicles |
25% reducing balance |
|
|
Investment property |
|
Investment properties are properties which are held either to earn rental or for capital appreciation or for both. Investment properties are recognised at cost.
Subsequent to initial recognition:
- Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in profit and loss in the period that they arise; and
- no depreciation is provided in respect of investment properties applying the fair value model.
If a reliable measure is not available without undue cost or effort for an item of investment property, this item us thereafter accounted for as a tangible fixed asset in accordance with section 17 until a reliable measure of fair value becomes available. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
Going concern |
|
The financial statements have been prepared on a going concern basis. The director has considered the company’s financial position, cash flow forecasts and available facilities and is satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Motor vehicles |
| £ |
|
Cost |
|
At 1 July 2024 |
21,072 |
|
At 30 June 2025 |
21,072 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2024 |
19,301 |
|
Charge for the year |
443 |
|
At 30 June 2025 |
19,744 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2025 |
1,328 |
|
At 30 June 2024 |
1,771 |
|
|
| 4 |
Investments |
|
| Investment |
| property |
| £ |
|
Fair Value |
|
At 1 July 2024 |
1,240,885 |
|
Additions |
433,677 |
|
|
At 30 June 2025 |
1,674,562 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 July 2024 |
795,056 |
|
At 30 June 2025 |
1,228,733 |
|
|
|
|
|
|
|
|
|
|
Investment properties, which are all freehold, are valued at fair value at 30 June 2025 by the director of the company. The director has used current market value and rateable value to determine the fair value of properties at the balance sheet date. No independent professional valuation has been carried out in the year. |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
8,831 |
|
17,877 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
5,200 |
|
- |
|
Other taxes and social security |
8,245 |
|
3,808 |
|
Accruals |
1,680 |
|
- |
|
Deferred income |
|
|
|
|
10,950 |
|
10,780 |
|
Directors Loan Account |
142,831 |
|
172,843 |
|
Other creditors |
43,600 |
|
41,628 |
|
|
|
|
|
|
212,506 |
|
229,059 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
1,162,287 |
|
743,886 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
1,162,287 |
|
743,886 |
|
|
|
|
|
|
|
|
|
|
The company’s bank loans are secured by a fixed charge over the investment properties owned by Cru&Co Properties Ltd.
No other forms of security or guarantees were provided. |
|
|
| 9 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 July 2024 |
178,697 |
|
- |
|
Gain on revaluation of land and buildings |
- |
|
178,697 |
|
|
At 30 June 2025 |
178,697 |
|
178,697 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Dividends |
|
|
No dividends were declared or paid during the year. |
|
|
| 11 |
Loans to directors |
|
|
Alexander Cruickshank, a director of the company, has a loan account with Cru & Co Properties Ltd.
The balance owed to the director at the year end was £142,831 (2024: £172,843).
The loan is unsecured, interest-free, and repayable on demand.
No guarantees were given or received in respect of this balance. |
|
|
| 12 |
Other information |
|
|
Cru&Co Properties Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
Unit 2a Bandeath Industrial Estate |
|
Throsk |
|
Stirling |
|
FK7 7NP |