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REGISTERED NUMBER: 06362895 (England and Wales)















Financial Statements for the Year Ended 31 March 2022

for

Clarke's Sales & Lettings Limited

Clarke's Sales & Lettings Limited (Registered number: 06362895)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clarke's Sales & Lettings Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: E P Clarke
Mrs L Clarke





SECRETARY: Mrs L Clarke





REGISTERED OFFICE: Union Square
St Columb
Cornwall
TR9 6AP





REGISTERED NUMBER: 06362895 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Clarke's Sales & Lettings Limited (Registered number: 06362895)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,378 27,394

CURRENT ASSETS
Debtors 5 222,887 223,936
Cash at bank and in hand 5,621 970
228,508 224,906
CREDITORS
Amounts falling due within one year 6 162,300 147,428
NET CURRENT ASSETS 66,208 77,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,586

104,872

CREDITORS
Amounts falling due after more than one
year

7

(43,389

)

(71,435

)

PROVISIONS FOR LIABILITIES (167 ) (75 )
NET ASSETS 49,030 33,362

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 30,000 30,000
Retained earnings 19,028 3,360
SHAREHOLDERS' FUNDS 49,030 33,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Clarke's Sales & Lettings Limited (Registered number: 06362895)

Balance Sheet - continued
31 March 2022


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 10 May 2022 and were signed on its behalf by:





E P Clarke - Director


Clarke's Sales & Lettings Limited (Registered number: 06362895)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Clarke's Sales & Lettings 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 10% on cost

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 5 ) .

Clarke's Sales & Lettings Limited (Registered number: 06362895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2021 9,000 42,989 51,989
Additions - 833 833
At 31 March 2022 9,000 43,822 52,822
DEPRECIATION
At 1 April 2021 - 24,595 24,595
Charge for year - 1,849 1,849
At 31 March 2022 - 26,444 26,444
NET BOOK VALUE
At 31 March 2022 9,000 17,378 26,378
At 31 March 2021 9,000 18,394 27,394

The company's website has been recognised and capitalised at its deemed fair value.

Such website has been designed and developed by the company and the Directors are of the opinion that it should be recognised as an asset central to the business operations. The significant fair value of such asset has been arrived as based on the likely replacement cost being the estimated market value.

The capitalised website is to be written off over its estimated useful life of 20 years.

The Directors will annually review and revalue the deemed fair value of the company's website, as necessary, based on the estimated market value.

Cost or valuation at 31 March 2022 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2014 - 30,000 30,000
Cost 9,000 13,822 22,822
9,000 43,822 52,822

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 4,509 7,176
Other debtors 218,378 216,760
222,887 223,936

Clarke's Sales & Lettings Limited (Registered number: 06362895)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 33,255 32,049
Trade creditors 5,079 -
Taxation and social security 77,059 73,876
Other creditors 46,907 41,503
162,300 147,428

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 31,667 42,818
Other creditors 11,722 28,617
43,389 71,435

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,776

8. RESERVES
Revaluation
reserve
£   
At 1 April 2021
and 31 March 2022 30,000