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REGISTERED NUMBER: 02209803 (England and Wales)














CLIPPERTON COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






CLIPPERTON COMPANY LIMITED (REGISTERED NUMBER: 02209803)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLIPPERTON COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2023







DIRECTORS: I Gibbs
S D Gibbs
J E Gibbs
P Gibbs





SECRETARY: I Gibbs





REGISTERED OFFICE: 167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH





REGISTERED NUMBER: 02209803 (England and Wales)





ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

CLIPPERTON COMPANY LIMITED (REGISTERED NUMBER: 02209803)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,227,461 1,227,270

CURRENT ASSETS
Debtors 5 7,874 6,124
Cash at bank 531,475 480,189
539,349 486,313
CREDITORS
Amounts falling due within one year 6 94,431 138,716
NET CURRENT ASSETS 444,918 347,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,672,379

1,574,867

CAPITAL AND RESERVES
Called up share capital 122 122
Investment property reserve (7,457 ) (7,457 )
Retained earnings 1,679,714 1,582,202
SHAREHOLDERS' FUNDS 1,672,379 1,574,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

CLIPPERTON COMPANY LIMITED (REGISTERED NUMBER: 02209803)

BALANCE SHEET - continued
31 JANUARY 2023


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 19 October 2023 and were signed on its behalf by:





I Gibbs - Director


CLIPPERTON COMPANY LIMITED (REGISTERED NUMBER: 02209803)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2023

1. STATUTORY INFORMATION

Clipperton 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.

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 - 15% Straight Line basis.

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.

Turnover
Represents Rent Receivable and Commissions received

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - NIL ) .

CLIPPERTON COMPANY LIMITED (REGISTERED NUMBER: 02209803)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Leasehold and
property property fittings Totals
£    £    £    £   
COST
At 1 February 2022 865,916 360,365 8,114 1,234,395
Additions - - 489 489
At 31 January 2023 865,916 360,365 8,603 1,234,884
DEPRECIATION
At 1 February 2022 - - 7,125 7,125
Charge for year - - 298 298
At 31 January 2023 - - 7,423 7,423
NET BOOK VALUE
At 31 January 2023 865,916 360,365 1,180 1,227,461
At 31 January 2022 865,916 360,365 989 1,227,270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Prepayments 7,874 6,124

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Taxation Payable nine months 23,066 24,487
Directors' current accounts 54,699 98,690
Accruals and deferred income 16,666 15,539
94,431 138,716