Crosshill Investments Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SC515975 (Scotland)

CROSSHILL INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G D McGinty

Mrs J McGinty

REGISTERED OFFICE:

12 Finlay Rise

Milngavie

G62 6EQ

REGISTERED NUMBER:

SC515975 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Tangible assets

4

4,150

6,287

Investments

5

50

60

Investment property

6

528,136

528,136

532,336

534,483

CURRENT ASSETS

Debtors

7

392,975

387,657

Cash at bank

11,675

8,254

404,650

395,911

CREDITORS

Amounts falling due within one year

8

663,484

669,068

NET CURRENT LIABILITIES

(258,834

)

(273,157

)

TOTAL ASSETS LESS CURRENT LIABILITIES

273,502

261,326

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

273,501

261,325

SHAREHOLDERS' FUNDS

273,502

261,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 17 April 2023 and were signed on its behalf by:

G D McGinty - Director

1.	STATUTORY INFORMATION

Crosshill Investments Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover represents rental income in the year.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Investment property

Land and buildings are classified as investment property when the property is held to earn rentals or for capital appreciation or both. Investment property is initially measured at cost which comprises purchase price and any directly attributable expenditure, and subsequently remeasured to fair value at each reporting date with changes in fair value recognised in the Income Statement.

Taxation

Taxation for the year comprises current 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 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.

Fixed asset investments

Fixed asset investments are stated at cost and reviewed for impairment as required.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2021

8,789

Additions

80

At 30 September 2022

8,869

DEPRECIATION

At 1 October 2021

2,502

Charge for year

2,217

At 30 September 2022

4,719

NET BOOK VALUE

At 30 September 2022

4,150

At 30 September 2021

6,287

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

Other

interests

investments

Totals

£

£

£

COST

At 1 October 2021

50

10

60

Disposals

-

(10

)

(10

)

At 30 September 2022

50

-

50

NET BOOK VALUE

At 30 September 2022

50

-

50

At 30 September 2021

50

10

60

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2021

and 30 September 2022

528,136

NET BOOK VALUE

At 30 September 2022

528,136

At 30 September 2021

528,136

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Trade debtors

4,666

1,052

Other debtors

388,309

386,605

392,975

387,657

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Director's loan account

27,065

73,148

Taxation and social security

3,088

534

Other creditors

633,331

595,386

663,484

669,068

9.	RELATED PARTY DISCLOSURES