REGISTERED NUMBER: 06423740 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2026

for

A Croskell Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr AD Croskell

Mrs KM Croskell

Mr T D Croskell

SECRETARY:

Mrs KM Croskell

REGISTERED OFFICE:

River View

96 High Street

Garstang

Preston

Lancashire

PR3 1WZ

REGISTERED NUMBER:

06423740 (England and Wales)

ACCOUNTANTS:

Towers + Gornall Ltd

Chartered Certified Accountants

River View

96 High Street

Garstang

Preston

Lancashire

PR3 1WZ

FIXED ASSETS

Intangible assets

4

2,066

4,132

Tangible assets

5

2,124,363

2,051,703

2,126,429

2,055,835

CURRENT ASSETS

Stocks

205,378

147,722

Debtors

6

101,189

155,153

Cash at bank

198,393

138,400

504,960

441,275

CREDITORS

Amounts falling due within one year

7

363,611

370,036

NET CURRENT ASSETS

141,349

71,239

TOTAL ASSETS LESS CURRENT LIABILITIES

2,267,778

2,127,074

CREDITORS

Amounts falling due after more than one year

8

(798,770

)

(902,713

)

PROVISIONS FOR LIABILITIES

10

(187,770

)

(170,465

)

NET ASSETS

1,281,238

1,053,896

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

11

140,166

134,966

Retained earnings

11

1,140,972

918,830

SHAREHOLDERS' FUNDS

1,281,238

1,053,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th September 2026 and were signed on its behalf by:

Mrs KM Croskell - Director

Mr AD Croskell - Director

1.	STATUTORY INFORMATION

A Croskell Ltd 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tenants buildings

-

10% on cost

Plant and machinery

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Entitlements

£

COST

At 1st April 2025

and 31st March 2026

29,135

AMORTISATION

At 1st April 2025

25,003

Amortisation for year

2,066

At 31st March 2026

27,069

NET BOOK VALUE

At 31st March 2026

2,066

At 31st March 2025

4,132

5.	TANGIBLE FIXED ASSETS

Tenants

Clauchan

Plant and

buildings

Farm

machinery

£

£

£

COST OR VALUATION

At 1st April 2025

55,800

1,007,448

1,278,621

Additions

-

-

239,470

Disposals

-

-

(103,935

)

Revaluations

-

-

-

At 31st March 2026

55,800

1,007,448

1,414,156

DEPRECIATION

At 1st April 2025

25,225

-

596,941

Charge for year

5,582

-

115,630

Eliminated on disposal

-

-

(44,475

)

At 31st March 2026

30,807

-

668,096

NET BOOK VALUE

At 31st March 2026

24,993

1,007,448

746,060

At 31st March 2025

30,575

1,007,448

681,680

Motor

Dairy

vehicles

herd

Totals

£

£

£

COST OR VALUATION

At 1st April 2025

-

332,000

2,673,869

Additions

1,150

7,800

248,420

Disposals

-

-

(103,935

)

Revaluations

-

5,200

5,200

At 31st March 2026

1,150

345,000

2,823,554

DEPRECIATION

At 1st April 2025

-

-

622,166

Charge for year

288

-

121,500

Eliminated on disposal

-

-

(44,475

)

At 31st March 2026

288

-

699,191

NET BOOK VALUE

At 31st March 2026

862

345,000

2,124,363

At 31st March 2025

-

332,000

2,051,703

Cost or valuation at 31st March 2026 is represented by:

Tenants

Clauchan

Plant and

buildings

Farm

machinery

£

£

£

Cost

55,800

1,007,448

1,414,156

55,800

1,007,448

1,414,156

Motor

Dairy

vehicles

herd

Totals

£

£

£

Valuation in 2016

-

42,251

42,251

Valuation in 2017

-

6,015

6,015

Valuation in 2018

-

(6,900

)

(6,900

)

Valuation in 2019

-

2,800

2,800

Valuation in 2020

-

(4,015

)

(4,015

)

Valuation in 2021

-

10,615

10,615

Valuation in 2022

-

32,700

32,700

Valuation in 2023

-

7,800

7,800

Valuation in 2024

-

43,700

43,700

Valuation in 2025

-

5,200

5,200

Cost

1,150

204,834

2,683,388

1,150

345,000

2,823,554

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

88,243

144,297

VAT

1,572

1,451

Prepayments

11,374

9,405

101,189

155,153

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

36,148

34,314

Hire purchase contracts

22,917

27,500

Trade creditors

64,627

73,474

Corporation tax

60,065

42,986

Other creditors

25,000

25,000

Directors' current accounts

135,404

165,012

Accruals and deferred income

19,450

1,750

363,611

370,036

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

38,359

36,503

Bank loans - 2-5 years

129,732

124,085

Bank loans more 5 yr by instal

630,679

719,208

Hire purchase contracts

-

22,917

798,770

902,713

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

630,679

719,208

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

834,918

914,110

Security for the loan is standard security over the Freehold land known as 125 acres of land at Enrick known as Clauchan Farm, Gatehouse of Fleet, Castle Douglas and standard security over the Freehold land known as Enrick Farm, Gatehouse of Fleet, Castle Douglas. Farmhouse, steading and 327 acres of land.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

187,770

170,465

Deferred

tax

£

Balance at 1st April 2025

170,465

Charge to Income Statement during year

17,305

Balance at 31st March 2026

187,770

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1st April 2025

918,830

134,966

1,053,796

Profit for the year

227,897

227,897

Dividends

(555

)

(555

)

Transfer

(5,200

)

5,200

-

At 31st March 2026

1,140,972

140,166

1,281,138

12.	RELATED PARTY DISCLOSURES

At 31 March 2026 the company owed £135,404 to its directors (2025 £165,012). No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.