REGISTERED NUMBER: |
CLEADON PROPERTIES LIMITED |
Unaudited Financial Statements |
for the Year Ended 4 April 2022 |
REGISTERED NUMBER: |
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: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
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 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital | 7 |
Capital redemption reserve | 8 |
Fair value reserve | 8 |
Retained earnings | 8 |
Shareholders' funds |
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. |
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 |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Revaluations | 109,500 |
At 4 April 2022 |
Net book value |
At 4 April 2022 |
At 4 April 2021 |
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 |
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 |
Other creditors |
Directors' loan accounts | 10,000 | 10,000 |
Accrued expenses |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary shares | 1 | 3 | 3 |
8. | Reserves |
Capital |
Retained | redemption | Fair value |
earnings | reserve | reserve | Totals |
£ | £ | £ | £ |
At 5 April 2021 | 224,278 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Revaluation | (109,500 | ) | - | 109,500 | - |
At 4 April 2022 | 314,397 |