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REGISTERED NUMBER: 01467284 (England and Wales)















Financial Statements for the Year Ended 31 December 2021

for

Clifford Partitioning Company Limited

Clifford Partitioning Company Limited (Registered number: 01467284)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clifford Partitioning Company Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: G Hawkins





REGISTERED OFFICE: 433 Kingston Road
Epsom
Surrey
KT19 0DB





REGISTERED NUMBER: 01467284 (England and Wales)





ACCOUNTANTS: Atkinsons Accountants Limited
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Clifford Partitioning Company Limited (Registered number: 01467284)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,375 7,121
Investment property 5 986,825 1,395,500
1,018,200 1,402,621

CURRENT ASSETS
Debtors 6 21,864 11,801
Cash at bank 318,892 229,958
340,756 241,759
CREDITORS
Amounts falling due within one year 7 53,519 41,609
NET CURRENT ASSETS 287,237 200,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,305,437

1,602,771

CREDITORS
Amounts falling due after more than one
year

8

-

(168,788

)

PROVISIONS FOR LIABILITIES (53,440 ) (117,582 )
NET ASSETS 1,251,997 1,316,401

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Revaluation reserve 258,461 484,885
Retained earnings 988,536 826,516
1,251,997 1,316,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Clifford Partitioning Company Limited (Registered number: 01467284)

Balance Sheet - continued
31 December 2021


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 director and authorised for issue on 30 August 2022 and were signed by:





G Hawkins - Director


Clifford Partitioning Company Limited (Registered number: 01467284)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Clifford Partitioning Company 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 2 ) .

Clifford Partitioning Company Limited (Registered number: 01467284)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2021 14,735 32,455 2,333 49,523
Additions 367 25,948 1,042 27,357
Disposals (13,547 ) - - (13,547 )
At 31 December 2021 1,555 58,403 3,375 63,333
DEPRECIATION
At 1 January 2021 13,929 27,890 583 42,402
Charge for year 234 2,223 646 3,103
Eliminated on disposal (13,547 ) - - (13,547 )
At 31 December 2021 616 30,113 1,229 31,958
NET BOOK VALUE
At 31 December 2021 939 28,290 2,146 31,375
At 31 December 2020 806 4,565 1,750 7,121

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 1,395,500
Disposals (452,000 )
Revaluations 43,325
At 31 December 2021 986,825
NET BOOK VALUE
At 31 December 2021 986,825
At 31 December 2020 1,395,500

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2015 215,122
Valuation in 2021 43,325
Cost 728,378
986,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 20,331 6,677
Other debtors 1,533 5,124
21,864 11,801

Clifford Partitioning Company Limited (Registered number: 01467284)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts - 21,650
Trade creditors 21,522 4,893
Taxation and social security 31,777 14,752
Other creditors 220 314
53,519 41,609

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans - 168,788

9. RELATED PARTY DISCLOSURES

Included in other creditors is £220 (2020 - £312) which is owed to Mr G Hawkins, the director and shareholder of the company. This loan is provided on an interest free basis and is repayable on demand.

No other transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities of Financial Reporting Standard 102.