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REGISTERED NUMBER: 04207853 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

RESTCLOCK LIMITED

RESTCLOCK LIMITED (REGISTERED NUMBER: 04207853)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RESTCLOCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr R W O'Sullivan



SECRETARY: Mrs S A O'Sullivan



REGISTERED OFFICE: Unit 10-14 The Bridge Trading Estate
Bridge Street North
Smethwick
B66 2BZ



REGISTERED NUMBER: 04207853 (England and Wales)



ACCOUNTANTS: M Scrivens & Co Ltd
Unit S The Wallows Industrial Estate
Fens Pool Avenue
Brierley Hill
DY5 1QA



BANKERS: Lloyds Bank Plc
125 High Street
Harborne
Birmingham
B17 9NP



INCORPORATED: 30th April 2001

RESTCLOCK LIMITED (REGISTERED NUMBER: 04207853)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 250,000 250,000

CURRENT ASSETS
Debtors 12,496 12,776
Cash at bank 2,447 2,147
14,943 14,923
CREDITORS
Amounts falling due within one year 22,705 22,759
NET CURRENT LIABILITIES (7,762 ) (7,836 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,238

242,164

CREDITORS
Amounts falling due after more than one
year

45,154

59,647
NET ASSETS 197,084 182,517

CAPITAL AND RESERVES
Called up share capital 6 1 1
Revaluation reserve 7 121,330 121,330
Retained earnings 75,753 61,186
SHAREHOLDERS' FUNDS 197,084 182,517

RESTCLOCK LIMITED (REGISTERED NUMBER: 04207853)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 November 2023 and were signed by:





Mr R W O'Sullivan - Director


RESTCLOCK LIMITED (REGISTERED NUMBER: 04207853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Restclock 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Financial instruments
The company only enters into basis financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans from related parties.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

RESTCLOCK LIMITED (REGISTERED NUMBER: 04207853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 250,000
NET BOOK VALUE
At 30 September 2023 250,000
At 30 September 2022 250,000

5. LOANS

An analysis of the maturity of loans is given below:

30.9.23 30.9.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 14,492 13,959

Amounts falling due between one and two years:
Bank loans - 1-2 years 15,034 14,492

Amounts falling due between two and five years:
Bank loans - 2-5 years 30,120 45,155

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
1 Ordinary £1 1 1

RESTCLOCK LIMITED (REGISTERED NUMBER: 04207853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 121,330