G.M. Craig (Developments) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01485817 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

G.M. CRAIG (DEVELOPMENTS) LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

G M Craig

Mrs L E Craig

SECRETARY:

Mrs L E Craig

REGISTERED OFFICE:

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

REGISTERED NUMBER:

01485817 (England and Wales)

ACCOUNTANTS:

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G.M. Craig (Developments) Limited for the year ended 31 January 2026 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of G.M. Craig (Developments) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G.M. Craig (Developments) Limited and state those matters that we have agreed to state to the Board of Directors of G.M. Craig (Developments) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G.M. Craig (Developments) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G.M. Craig (Developments) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G.M. Craig (Developments) Limited. You consider that G.M. Craig (Developments) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G.M. Craig (Developments) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

7 October 2026

FIXED ASSETS

Tangible assets

4

563,200

Investment property

5

800,000

1,363,200

CURRENT ASSETS

Stocks

440,045

Debtors

6

207,558

115,187

Cash at bank

353,488

519,848

1,001,091

1,075,080

CREDITORS

Amounts falling due within one year

7

510,804

549,313

NET CURRENT ASSETS

490,287

525,767

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,853,487

1,888,967

PROVISIONS FOR LIABILITIES

121,699

NET ASSETS

1,731,788

1,767,268

CAPITAL AND RESERVES

Called up share capital

10,000

Fair value reserve

8

486,797

Retained earnings

1,234,991

1,270,471

SHAREHOLDERS' FUNDS

1,731,788

1,767,268

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

G M Craig - Director

1.	STATUTORY INFORMATION

G.M. Craig (Developments) 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.

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.

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.

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 Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 February 2025

and 31 January 2026

563,200

NET BOOK VALUE

At 31 January 2026

563,200

At 31 January 2025

563,200

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

800,000

NET BOOK VALUE

At 31 January 2026

800,000

At 31 January 2025

800,000

Fair value at 31 January 2026 is represented by:

£

Valuation in 2022

800,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

Trade debtors

186,633

94,262

Other debtors

20,925

207,558

115,187

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

Payments on account

25,043

400,043

Trade creditors

-

99,954

Taxation and social security

82,445

46,401

Other creditors

403,316

2,915

510,804

549,313

8.

RESERVES

Fair

value

reserve

£

At 1 February 2025

and 31 January 2026

486,797

9.	RELATED PARTY DISCLOSURES

Mr. G.M. Craig and Mrs. L.E. Craig are directors in G.M. Craig (Developments) Ltd and G.M. Craig (Building Contractors) Ltd

During the year ended 31st January 2026 goods and services totalling £22,294.92 (2025: £9,012.17) were sold from G.M. Craig (Developments) Ltd to G.M. Craig (Building Contractors) Ltd

During the year ended 31st January 2026 goods and services totalling £1,769,684.40 (2025: £3,449,645.14) were sold from G.M. Craig (Building Contractors) Ltd to G.M. Craig (Developments) Ltd

At 31st January 2026, £186,631.93 was owed by G.M. Craig (Building Contractors) Ltd to G.M. Craig (Developments) Ltd. At 31st January 2025, £99,954.33 was owed by G.M. Craig (Developments) to G.M. Craig (Building Contractors) Ltd

During the year ended 31st January 2026 £277,600 (2025: £237,000) dividends were issued to Mr. G.M. Craig, Mrs. L.E. Craig, directors of G.M. Craig (Developments) Ltd