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Registration number: 06664095

Clarke Commercial Property Limited

Unaudited Filleted Financial Statements

for the Period from 1 January 2022 to 31 March 2023

 

Clarke Commercial Property Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Clarke Commercial Property Limited

Company Information

Directors

JH Clarke

KL Clarke

Company secretary

JH Clarke

Registered office

Clarke Meats Limited
The Triangle
Paddock
Huddersfield
West Yorkshire
HD1 4RR

Accountants

Balance Accountants
Accountancy for Growth
Victoria Court
91 Huddersfield Road
Holmfirth
West Yorkshire
HD9 3JA

 

Clarke Commercial Property Limited

(Registration number: 06664095)
Balance Sheet as at 31 March 2023

Note

2023
£

2021
£

Fixed assets

 

Tangible assets

4

2,293,929

1,930,994

Current assets

 

Debtors

5

3,564

1,200

Investments

6

3,050,000

550,000

Cash at bank and in hand

 

93,000

294,074

 

3,146,564

845,274

Creditors: Amounts falling due within one year

7

(5,295,281)

(2,631,467)

Net current liabilities

 

(2,148,717)

(1,786,193)

Total assets less current liabilities

 

145,212

144,801

Provisions for liabilities

(5,999)

-

Net assets

 

139,213

144,801

Capital and reserves

 

Called up share capital

100

100

Retained earnings

139,113

144,701

Shareholders' funds

 

139,213

144,801

 

Clarke Commercial Property Limited

(Registration number: 06664095)
Balance Sheet as at 31 March 2023

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 October 2023 and signed on its behalf by:
 

.........................................
JH Clarke
Company secretary and director

 

Clarke Commercial Property Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Clarke Meats Limited
The Triangle
Paddock
Huddersfield
West Yorkshire
HD1 4RR

These financial statements were authorised for issue by the Board on 10 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Clarke Commercial Property Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 March 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Land & Buildings

30 years

Leasehold Property

30 years

Plant & Machinery

20% Straight Line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Clarke Commercial Property Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 March 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2021 - 2).

 

Clarke Commercial Property Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 March 2023

4

Tangible assets

Land and buildings
£

Long leasehold land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2022

1,904,090

225,000

20,986

2,150,076

Additions

364,783

-

39,465

404,248

At 31 March 2023

2,268,873

225,000

60,451

2,554,324

Depreciation

At 1 January 2022

153,096

45,000

20,986

219,082

Charge for the period

25,920

7,500

7,893

41,313

At 31 March 2023

179,016

52,500

28,879

260,395

Carrying amount

At 31 March 2023

2,089,857

172,500

31,572

2,293,929

At 31 December 2021

1,750,994

180,000

-

1,930,994

Included within the net book value of land and buildings above is £2,089,857 (2021 - £1,750,994) in respect of freehold land and buildings and £172,500 (2021 - £180,000) in respect of long leasehold land and buildings.
 

5

Debtors

Current

2023
£

2021
£

Trade debtors

2,130

1,200

Other debtors

1,434

-

 

3,564

1,200

6

Current asset investments

2023
£

2021
£

Other investments

3,050,000

550,000

 

Clarke Commercial Property Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2022 to 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2021
£

Due within one year

Trade creditors

3,256

33,816

Taxation and social security

26,992

32,708

Accruals and deferred income

983

893

Other creditors

5,264,050

2,564,050

5,295,281

2,631,467