CRAVEN MCALPINE LIMITED


Directors	CRAVEN, Anna Louise
	MCALPINE, Duncan Alister


Company Secretary	CRAVEN, Anna Louise


Registered Address	42 Lytton Road
	Barnet
	EN5 5BY


Registered Number	05054756 (England and Wales)

Statement of Financial Position
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		5,306		5,938
			5,306		5,938
Current assets
Stocks	4	253,702		31,668
Debtors	5	511		1,165
Cash at bank and on hand		39,967		16,108
		294,180		48,941
Creditors amounts falling due within one year	6	(345,794)		(69,877)
Net current assets (liabilities)			(51,614)		(20,936)
Total assets less current liabilities			(46,308)		(14,998)
Creditors amounts falling due after one year	7		(101,999)		(101,999)
Net assets			(148,307)		(116,997)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(148,407)		(117,097)
Shareholders' funds			(148,307)		(116,997)

The company was entitled to exemption from audit for this reporting period 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 18 November 2025, and are signed on its behalf by:

MCALPINE, Duncan Alister
Director
Registered Company No. 05054756

CRAVEN MCALPINE LIMITED

Notes to the Financial Statements
for the period ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	-	10
Office Equipment	25	-

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

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 29 February 24	19,135	11,366	30,501
Additions	-	549	549
Disposals	-	(1,515)	(1,515)
At 28 February 25	19,135	10,400	29,535
Depreciation and impairment
At 29 February 24	14,001	10,562	24,563
Charge for year	847	202	1,049
On disposals	-	(1,383)	(1,383)
At 28 February 25	14,848	9,381	24,229
Net book value
At 28 February 25	4,287	1,019	5,306
At 28 February 24	5,134	804	5,938

4.	Stocks

	2025	2024
	£	£
Finished goods	253,702	31,668
Total	253,702	31,668

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	511	1,165
Total	511	1,165

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Amounts owed to related parties	100	42,749
Other creditors	324,984	7,913
Accrued liabilities and deferred income	20,710	19,215
Total	345,794	69,877

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	101,999	101,999
Total	101,999	101,999

8.	Related party transactions
	At the balance sheet date, the company owed the directors an amount of £316,224 (2024: £7,911). The amount is interest free and repayable on demand. At the balance sheet date, the company was owed an amount of £100 (2024: £42,749) 31,266 to Duncan McAlpine Comics Ltd, a company where the directors have common control.