Company Registration No. SC488334 (Scotland)
Crumwood Investments Limited
Unaudited accounts
for the year ended 31 December 2022
Crumwood Investments Limited
Unaudited accounts
Contents
Crumwood Investments Limited
Company Information
for the year ended 31 December 2022
Directors
Nic Crum
Alistair Wood
Company Number
SC488334 (Scotland)
Registered Office
20 Craigie Way
Ayr
Ayrshire
KA8 0HJ
Scotland
Accountants
AGL Tax Solutions LLP
2A Station Yard
Haddington
East Lothian
EH41 3PP
Crumwood Investments Limited
Statement of financial position
as at 31 December 2022
Investments
163,221
133,031
Cash at bank and in hand
646
5,346
Creditors: amounts falling due within one year
(260,118)
(250,318)
Net current (liabilities)/assets
(51,819)
30,825
Total assets less current liabilities
113,322
164,156
Creditors: amounts falling due after more than one year
(1,645)
(29,445)
Net assets
111,677
134,711
Called up share capital
2
2
Profit and loss account
111,675
134,709
Shareholders' funds
111,677
134,711
For the year ending 31 December 2022 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2023 and were signed on its behalf by
Nic Crum
Director
Company Registration No. SC488334
Crumwood Investments Limited
Notes to the Accounts
for the year ended 31 December 2022
Crumwood Investments Limited is a private company, limited by shares, registered in Scotland, registration number SC488334. The registered office is 20 Craigie Way, Ayr, Ayrshire, KA8 0HJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 historic cost convention.
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to
continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
Taxation for the year comprises current taxation. 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 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.
The accounts are presented in £ sterling.
Crumwood Investments Limited
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Computer equipment
5
Investments
Other investments
Valuation at 1 January 2022
133,031
Fair value adjustments
30,190
Valuation at 31 December 2022
163,221
Amounts falling due within one year
Other debtors
207,653
275,797
7
Creditors: amounts falling due within one year
2022
2021
Loans from directors
260,118
250,318
8
Creditors: amounts falling due after more than one year
2022
2021
Taxes and social security
1,195
29,025
Crumwood Investments Limited
Notes to the Accounts
for the year ended 31 December 2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
(1,318)
-
-
(1,318)
Director's Loan
(249,000)
(9,800)
-
(258,800)
(250,318)
(9,800)
-
(260,118)
10
Average number of employees
During the year the average number of employees was 2 (2021: 2).
