Craggy Island Ltd Accounts






Craggy Island Ltd

	Company No. 04938327
		Information for Filing with The Registrar
		31 December 2025

at	31 December 2025
Company No.		04938327	Notes	2025	2024
				£	£
Fixed assets
	Intangible assets		5	1,145	1,145
	Tangible assets		6	544,708	600,080


				545,853	601,225
Current assets
	Stocks		7	20,681	13,334
	Debtors		8	516,096	326,027

	Cash at bank and in hand			864,125	802,407
				1,400,902	1,141,768
Creditors: Amount falling due within one year			9	(294,471)	(390,851)
Net current assets				1,106,431	750,917
Total assets less current liabilities				1,652,284	1,352,142

Provisions for liabilities
	Deferred taxation		10	(132,109)	(145,059)

Net assets				1,520,175	1,207,083

Capital and reserves
	Called up share capital			100	100

	Revaluation reserve		12	111,012	117,950

	Profit and loss account		12	1,409,063	1,089,033

Total equity				1,520,175	1,207,083



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 18 September 2026 and signed on its behalf by:
S.J.P. Ray
Director
18 September 2026

for the year ended 31 December 2025

General information

Craggy Island Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 04938327

Its registered office is:

Its trading address is:

Unit 1a

Unit 9, Cobbett Park

225 Hook Rise South

Moorfield

Kingston

Guildford

Surrey

KT6 7LD

GU1 1RU

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Subscription & membership income is recognised over time in the month to which the membership relates.

Revenue from single-entry day passes and rental gear is recognised at the point in time the service is consumed (the day of visit).

Instructional group coaching and revenue from term-based youth programs, is recognised over time as the instruction is delivered.

Retail sales and café revenue is recognised at the point in time the sale is processed and physical control of the item passes to the customer.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

4% straight line

Furniture, fittings and equipment

25% reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	23	35

4	Taxation
		(a) Tax on profit on ordinary activities	2025	2024
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	115,917	125,918

		Total corporation tax	115,917	125,918

		Origination and reversal of timing differences	(12,950)	(5,175)

		Total deferred tax	(12,950)	(5,175)

		Tax on profit on ordinary activities	102,967	120,743

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Lower	2025	2024
		-2782	£	£
		Profit on ordinary activities before tax	422,997	482,971

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	105,749	120,743
		Expenses not deductible for tax purposes	(2,782)	-




		Tax on profit on ordinary activities	102,967	120,743

5	Intangible fixed assets
			Patents and trade-marks	Total
			£	£
		Cost
		At 1 January 2025	1,145	1,145


		At 31 December 2025	1,145	1,145
		Amortisation and impairment





		Net book values
		At 31 December 2025	1,145	1,145
		At 31 December 2024	1,145	1,145

6	Tangible fixed assets
			Plant and machinery	Total
			£	£
		Cost or revaluation
		At 1 January 2025	1,782,807	1,782,807
		Additions	8,731	8,731



		At 31 December 2025	1,791,538	1,791,538
		Depreciation
		At 1 January 2025	1,182,727	1,182,727
		Charge for the year	64,103	64,103



		At 31 December 2025	1,246,830	1,246,830
		Net book values
		At 31 December 2025	544,708	544,708
		At 31 December 2024	600,080	600,080

7	Stocks
			2025	2024
			£	£
		Raw materials and consumables	20,681	13,334


			20,681	13,334

8	Debtors
			2025	2024
			£	£
		Trade debtors	8,755	10,430
		Amounts owed by group undertakings	241,627	50,000




		Other debtors	251,711	249,119
		Prepayments and accrued income	14,003	16,478
			516,096	326,027

9	Creditors:
		amounts falling due within one year
			2025	2024
			£	£




		Trade creditors	43,445	85,119

		Taxes and social security	142,679	194,157
		Loans from directors	1,326	1,014
		Other creditors	4,645	6,165
		Accruals and deferred income	102,376	104,396
			294,471	390,851

10	Deferred taxation
			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 January 2025	145,059	145,059
		Charge to the profit and loss account for the period	(12,950)	(12,950)

		At 31 December 2025	132,109	132,109


			2025	2024
			£	£



		Other timing differences	132,109	145,059
			132,109	145,059

Share Capital

100 ordinary shares of £1 each called up and fully paid.

12	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 January 2024	124,888	124,888
		Movement on revaluation reserve	(6,938)	(6,938)


		At 31 December 2024 and 1 January 2025	117,950	117,950
		Movement on revaluation reserve	(6,938)	(6,938)


		At 31 December 2025	111,012	111,012

		Revaluation reserve - reflects the revaluation of property other than investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.

13	Guarantees and commitments
			2025	2024
			£	£
		Total of guarantees and commitments	566,829	731,991





		Financial guarantee contracts







		Operating lease commitments.