Cragg 1 Limited - Accounts

Cragg 1 Limited
Director's Report
For the year ended 31 January 2026

Director's report and financial statements

The director presents her annual report and the financial statements for the year ended 31 January 2026.

Principal activities

The principal activity of the company in the year under review was that of letting and operating of real estate.

Director

The director who has held office during the whole of the year was as follows:

Mrs H M Cragg

Statement of director's responsibilities

The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.

----------------------------------
Mrs H M Cragg
Director

Date approved: 19 August 2026

Cragg 1 Limited
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	76	101
Investments	4	405,000	405,000
		405,076	405,101
Current assets
Debtors	5	1,182	1,205
Cash at bank and in hand		40,849	41,231
		42,031	42,436
Creditors: amount falling due within one year	6	(101,704)	(109,351)
Net current assets		(59,673)	(66,915)

Total assets less current liabilities		345,403	338,186
Creditors: amount falling due after more than one year	7	(246,480)	(246,480)
Provisions for liabilities	8	(9,161)	(9,166)
Net assets		89,762	82,540

Capital and reserves
Called up share capital		30	30
Profit and loss account		89,732	82,510
Shareholders' funds		89,762	82,540

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 19 August 2026 and were signed by:

-------------------------------
Mrs H M Cragg
Director

Cragg 1 Limited
Notes to the Financial Statements
For the year ended 31 January 2026

General Information

Cragg 1 Limited is a private company, limited by shares, registered in England and Wales, registration number 11747374, registration address 5 Sandy Court, Ashleigh Way, Plymouth, Devon, PL7 5JX.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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 taxation

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.

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% Reducing Balance

Investment properties

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.

2.	Average number of employees Average number of employees during the year was 0 (2025 : 0).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 February 2025	318	318
Additions	-	-
Disposals	-	-
At 31 January 2026	318	318
Depreciation
At 01 February 2025	217	217
Charge for year	25	25
On disposals	-	-
At 31 January 2026	242	242
Net book values
Closing balance as at 31 January 2026	76	76
Opening balance as at 01 February 2025	101	101

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 February 2025	405,000	405,000
Additions	-	-
Disposals	-	-
At 31 January 2026	405,000	405,000

Investment properties have been valued as at 31 January 2026 on the basis of their open market value with vacant possession, by the director Mrs H M Cragg.

Cost or Valuation at 31 January 2026		Investment Properties £
Valuation in 2022		48,140
Cost		356,860
		405,000

Debtors: amounts falling due within one year

	2026 £		2025 £
Other Debtors	1,182		1,205
	1,182		1,205

Creditors: amount falling due within one year

	2026 £	2025 £
Taxation and Social Security	1,699	3,064
Other Creditors	100,005	106,287
	101,704	109,351

Creditors: amount falling due after more than one year

	2026 £		2025 £
Bank Loans & Overdrafts	246,480		246,480
	246,480		246,480

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	9,161		9,166
	9,161		9,166

9.	Ultimate Controlling Party The ultimate controlling party is Mrs H M Cragg by virtue of her shareholding.

10.	Reserves The retained earnings include a non-distributable amount of £48,140 from revaluation adjustments under FRS 102.

Registered Number: 11747374
England and Wales
Unaudited Financial Statements

for the year ended 31 January 2026
for
CRAGG 1 LIMITED