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REGISTERED NUMBER: 00759154 (England and Wales)















CLEADON PROPERTIES LIMITED

Unaudited Financial Statements

for the Year Ended 4 April 2022






CLEADON PROPERTIES LIMITED (REGISTERED NUMBER: 00759154)

Contents of the Financial Statements
for the year ended 4 April 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLEADON PROPERTIES LIMITED

Company Information
for the year ended 4 April 2022







Directors: M J B Harrington
P W Harrington





Secretary: V O Harrington Green





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 00759154 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

CLEADON PROPERTIES LIMITED (REGISTERED NUMBER: 00759154)

Balance Sheet
4 April 2022

2022 2021
Notes £ £ £ £
Fixed assets
Investment property 4 400,000 290,500

Current assets
Debtors 5 8,475 4,409
Cash at bank 1,688 4,549
10,163 8,958
Creditors
Amounts falling due within one year 6 20,865 21,084
Net current liabilities (10,702 ) (12,126 )
Total assets less current liabilities 389,298 278,374

Provisions for liabilities 74,898 54,093
Net assets 314,400 224,281

Capital and reserves
Called up share capital 7 3 3
Capital redemption reserve 8 1,500 1,500
Fair value reserve 8 109,500 -
Retained earnings 8 203,397 222,778
Shareholders' funds 314,400 224,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 4 April 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 12 August 2022 and were signed on its behalf by:





M J B Harrington - Director


CLEADON PROPERTIES LIMITED (REGISTERED NUMBER: 00759154)

Notes to the Financial Statements
for the year ended 4 April 2022


1. Statutory information

Cleadon 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. 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.

Going concern
Following the emergence and spread of the coronavirus (COVID-19) as well as its financial effects on business's worldwide the directors have considered its effects on the business of the company and believe there are sufficient funds available for the business to continue as a going concern.

Turnover
Turnover represents rents receivable during the year.

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.

3. Employees and directors

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

4. Investment property
Total
£
Fair value
At 5 April 2021 290,500
Revaluations 109,500
At 4 April 2022 400,000
Net book value
At 4 April 2022 400,000
At 4 April 2021 290,500

Investment property was valued on an open market basis in April 2022 by Benjamin Stevens. The directors believe this amount to be not materially different than the market value as at 4 April 2022.

Fair value at 4 April 2022 is represented by:
£
Valuation in 2014 248,000
Valuation in 2015 10,000
Valuation in 2016 32,500
Valuation in 2022 109,500
400,000

5. Debtors: amounts falling due within one year
2022 2021
£ £
Prepayments and accrued income 8,475 4,409

CLEADON PROPERTIES LIMITED (REGISTERED NUMBER: 00759154)

Notes to the Financial Statements - continued
for the year ended 4 April 2022


6. Creditors: amounts falling due within one year
2022 2021
£ £
Tax 2,445 2,785
Other creditors 5,000 5,000
Directors' loan accounts 10,000 10,000
Accrued expenses 3,420 3,299
20,865 21,084

7. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
3 Ordinary shares 1 3 3

8. Reserves
Capital
Retained redemption Fair value
earnings reserve reserve Totals
£ £ £ £

At 5 April 2021 222,778 1,500 - 224,278
Profit for the year 99,119 99,119
Dividends (9,000 ) (9,000 )
Revaluation (109,500 ) - 109,500 -
At 4 April 2022 203,397 1,500 109,500 314,397