Craig & Company (Properties) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00483549 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2024 to 31 March 2025

for

CRAIG & COMPANY (PROPERTIES) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Leigh

Lord Leigh of Hurley

REGISTERED OFFICE:

172 Greenford Road

Harrow

Middlesex

HA1 3QZ

REGISTERED NUMBER:

00483549 (England and Wales)

ACCOUNTANTS:

Thorne Lancaster Parker

5th Floor

Palladium House

1-4 Argyll Street

London

W1F 7TA

FIXED ASSETS

Property, plant and equipment

5

-

Investments

6

609

Investment property

7

227,896

228,505

CURRENT ASSETS

Inventories

8

1,265,143

1,228,357

Debtors

9

6,298,212

6,293,834

7,563,355

7,522,191

CREDITORS

Amounts falling due within one year

10

(4,405,531

)

(4,365,689

)

NET CURRENT ASSETS

3,157,824

3,156,502

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,386,329

3,385,007

CAPITAL AND RESERVES

Called up share capital

12

1,975

Share premium

1,513,668

Retained earnings

1,870,686

1,869,364

SHAREHOLDERS' FUNDS

3,386,329

3,385,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

Mr T Leigh - Director

1.	STATUTORY INFORMATION

Craig & Company (Properties) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents total rent receivable for the period.

Tangible fixed assets

Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows;

Fixtures and fittings

- 25% on reducing balance

Computer equipment

- 33% on cost

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Freehold investment properties are stated at cost less provision, where necessary, for permanent diminution in value. This is not in accordance with FRS102 1A which requires investment properties to be carried at fair value. No fair value exercise has been carried out and as such it is not possible to quantify the effect on the net assets at the current or previous balance sheet date or the effect on the statement of comprehensive income for the current or previous period.

No depreciation has been provided in respect of freehold investment properties. This is not in accordance with the Companies Act 2006 or FRS102 1A which require tangible fixed assets to be depreciated over their estimated useful lives and is necessary to show a true and fair view. Depreciation is only one of many factors reflected in the value of investment properties and the amount which might otherwise have been shown cannot be separately identified or quantified.

Stocks

Unsold properties are stated at cost, including costs of acquisition and cost of improvements.

Financial instruments

Basic financial assets

Other debtors are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities

Other creditors, amounts owed to related undertakings and accruals are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2024 - 5 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 October 2024

and 31 March 2025

16,021

2,258

18,279

DEPRECIATION

At 1 October 2024

and 31 March 2025

16,021

2,258

18,279

NET BOOK VALUE

At 31 March 2025

-

At 30 September 2024

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

and 31 March 2025

609

NET BOOK VALUE

At 31 March 2025

609

At 30 September 2024

609

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 31 March 2025

227,896

NET BOOK VALUE

At 31 March 2025

227,896

At 30 September 2024

227,896

8.	INVENTORIES

2025

2024

£

Leasehold properties

247,034

Freehold properties

858,106

832,408

Freehold ground rents

160,003

148,915

1,265,143

1,228,357

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

6,284,933

Other debtors

13,279

8,901

6,298,212

6,293,834

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Corporation tax

36,861

34,441

Social security and other taxes

4,014

2,625

Other creditors

4,348,641

4,311,698

Accruals

16,015

16,925

4,405,531

4,365,689

11.	FINANCIAL INSTRUMENTS

The company has the following financial instruments:

2025

2024

£

- Amounts owed by group undertakings

6,284,933

- Other debtors

13,279

8,901

6,298,212

6,293,834

Financial liabilities measured at amortised cost:

2025

2024

£

- Corporation tax

36,861

34,441

- Social security and other taxes

4,014

2,625

- Other creditors

4,348,641

4,311,698

- Accruals

16,015

16,925

4,405,531

4,365,689

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

7,900

Ordinary

£0.25

1,975

13.	ULTIMATE CONTROLLING PARTY

The company was under the control of the current directors by virtue of their controlling interest (directly or indirectly) of 66.7% of the issued ordinary share capital.