CLIFFORD ENTERPRISES LIMITED |
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BALANCE SHEET |
AS AT 31 MARCH 2023 |
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These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities. |
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For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report. |
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Signed on behalf of the board of directors |
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J S S Bosley |
Director |
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Date approved by the board: 26 September 2023 |
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CLIFFORD ENTERPRISES LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
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1 |
GENERAL INFORMATION |
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Clifford Enterprises Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
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The Manor House |
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Earnley |
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Chichester |
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West Sussex |
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PO20 7JL |
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The financial statements are presented in Sterling, which is the functional currency of the company. |
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2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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Basis of preparation of financial statements |
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These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. |
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Revenue recognition |
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CLIFFORD ENTERPRISES LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
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5 |
FIXED ASSET INVESTMENTS |
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Investment properties |
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£ |
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Cost |
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At 1 April 2022 |
2,650,000 |
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Revaluation |
55,000 |
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At 31 March 2023 |
2,705,000 |
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Net book value |
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At 1 April 2022 |
2,650,000 |
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At 31 March 2023 |
2,705,000 |
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In the opinion of the directors, all investment properties have been stated at fair value. |
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6 |
DEBTORS |
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2023 |
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2022 |
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£ |
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£ |
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Prepayments and accrued income |
554 |
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6,100 |
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Other debtors |
5,265 |
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6,275 |
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5,819 |
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12,375 |
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7 |
CREDITORS: Amounts falling due within one year |
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2023 |
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2022 |
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£ |
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£ |
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Bank loans and overdrafts |
- |
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2,034 |
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Trade creditors |
- |
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1,189 |
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Taxation and social security |
9,246 |
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14,832 |
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Accruals and deferred income |
6,550 |
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4,300 |
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Other creditors |
8,815 |
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20,088 |
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24,611 |
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42,443 |
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CLIFFORD ENTERPRISES LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
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8 |
RELATED PARTY TRANSACTIONS |
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During the year, the following transactions with related parties took place: |
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2023 |
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2022 |
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£ |
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£ |
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J S S Bosley |
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Director and shareholder |
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Advances to company |
The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount: |
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- |
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10,263 |
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2023 |
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2022 |
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£ |
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£ |
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J S S Bosley |
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Director and shareholder |
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Management fees |
The director was paid management fees by the company during the year as follows: |
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15,000 |
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- |
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