1 August 2021 false No description of principal activity Taxfiler 2022.8.3 true 12762542business:PrivateLimitedCompanyLtd2021-08-012022-07-31 127625422021-07-31 127625422021-08-012022-07-31 12762542business:AuditExempt-NoAccountantsReport2021-08-012022-07-31 12762542business:FullAccounts2021-08-012022-07-31 127625422022-07-31 12762542business:Director12021-08-012022-07-31 12762542business:Director22021-08-012022-07-31 12762542business:Director32021-08-012022-07-31 12762542business:Director42021-08-012022-07-31 12762542business:RegisteredOffice2021-08-012022-07-31 127625422021-07-31 12762542core:WithinOneYear2022-07-31 12762542core:WithinOneYear2021-07-31 12762542core:AfterOneYear2022-07-31 12762542core:AfterOneYear2021-07-31 12762542core:ShareCapital2022-07-31 12762542core:ShareCapital2021-07-31 12762542core:RevaluationReserve2022-07-31 12762542core:RevaluationReserve2021-07-31 12762542core:RetainedEarningsAccumulatedLosses2022-07-31 12762542core:RetainedEarningsAccumulatedLosses2021-07-31 12762542business:SmallEntities2021-08-012022-07-31 12762542countries:EnglandWales2021-08-012022-07-31 12762542core:MoreThanFiveYears2022-07-31 12762542core:MoreThanFiveYears2021-07-31 12762542core:AfterOneYear2021-08-012022-07-31 127625422020-07-232021-07-31 iso4217:GBP xbrli:pure
Company Registration No. 12762542 (England and Wales)
CLARKE AND CO PROPERTIES LIMITED Unaudited accounts for the year ended 31 July 2022
CLARKE AND CO PROPERTIES LIMITED Unaudited accounts Contents
Page
- 2 -
CLARKE AND CO PROPERTIES LIMITED Company Information for the year ended 31 July 2022
Directors
Mr P. Clarke Mr S.Clarke Mr A.P. Clarke Mr B.Clarke
Company Number
12762542 (England and Wales)
Registered Office
FLAT 1 5 LENNOX ROAD WORTHING BN11 1DA UNITED KINGDOM
Accountants
Mayfield Associates 44 Barnfield Way Oxted Surrey RH8 9QF
- 3 -
CLARKE AND CO PROPERTIES LIMITED Statement of financial position as at 31 July 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
410,000 
300,182 
Current assets
Cash at bank and in hand
3,248 
12,278 
Creditors: amounts falling due within one year
(99,976)
(101,080)
Net current liabilities
(96,728)
(88,802)
Total assets less current liabilities
313,272 
211,380 
Creditors: amounts falling due after more than one year
(215,100)
(215,100)
Net assets/(liabilities)
98,172 
(3,720)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
107,943 
- 
Profit and loss account
(9,871)
(3,820)
Shareholders' funds
98,172 
(3,720)
For the year ending 31 July 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 31 August 2022 and were signed on its behalf by
Mr S.Clarke Director Company Registration No. 12762542
- 4 -
CLARKE AND CO PROPERTIES LIMITED Notes to the Accounts for the year ended 31 July 2022
1
Statutory information
CLARKE AND CO PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12762542. The registered office is FLAT 1 5 LENNOX ROAD, WORTHING, BN11 1DA, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in the fair value is recognised in the profit or loss.
Going concern
The company is dependent on continuing finance being made available by its shareholder. Continuing finance is required both to enable the company to meet its liabilities as they fall due and to continue operating without immediate realisation of all its assets. The directors believe that continuing finance will be available and that it is therefore appropriate to prepare the financial statements on a going concern basis. However, should continuing finance not be available, the going concern basis would be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount, to provide for any further liabilities which might arise and to reclassify fixed assets as current assets.
4
Investment property
2022 
£ 
Fair value at 1 August 2021
300,182 
Additions
1,875 
Net gain from fair value adjustments
107,943 
At 31 July 2022
410,000 
Fair Value £ At 31 July 2021 300,182
- 5 -
CLARKE AND CO PROPERTIES LIMITED Notes to the Accounts for the year ended 31 July 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Other creditors
86,396 
93,260 
Loans from directors
12,800 
7,100 
Accruals
780 
720 
99,976 
101,080 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
215,100 
215,100 
Aggregate of amounts that fall due for payment after five years
- 
215,100 
Creditors includes bank loans repayable, that are due after five years £215,100. Bank borrowing is secured by way of a charge over the investment property and is repayable in one instalment after more then five years.
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).
- 6 -