REGISTERED NUMBER: |
Clifford Property Holdings Ltd |
Unaudited Financial Statements |
for the Year Ended 30 November 2022 |
REGISTERED NUMBER: |
Clifford Property Holdings Ltd |
Unaudited Financial Statements |
for the Year Ended 30 November 2022 |
Clifford Property Holdings Ltd (Registered number: 13019849) |
Contents of the Financial Statements |
for the Year Ended 30 November 2022 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Clifford Property Holdings Ltd |
Company Information |
for the Year Ended 30 November 2022 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Clifford Property Holdings Ltd (Registered number: 13019849) |
Balance Sheet |
30 November 2022 |
30.11.22 | 30.11.21 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 4 |
Current assets |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
6 |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
Clifford Property Holdings Ltd (Registered number: 13019849) |
Balance Sheet - continued |
30 November 2022 |
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 |
Clifford Property Holdings Ltd (Registered number: 13019849) |
Notes to the Financial Statements |
for the Year Ended 30 November 2022 |
1. | Statutory information |
Clifford Property Holdings Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis on the grounds that the director will continue to provide sufficient finance to enable the company to continue trading for the foreseeable future. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. |
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. |
The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Investment property |
Total |
£ |
Fair value |
At 1 December 2021 |
Additions |
At 30 November 2022 |
Net book value |
At 30 November 2022 |
At 30 November 2021 |
Clifford Property Holdings Ltd (Registered number: 13019849) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2022 |
4. | Investment property - continued |
Fair value at 30 November 2022 is represented by: |
£ |
Valuation in 2022 | 412,314 |
If the investment properties had not been revalued they would have been included at the following historical cost: |
30.11.22 | 30.11.21 |
£ | £ |
Cost | 412,314 | 159,002 |
Investment properties were valued on an open market basis on 30 November 2022 by the directors . |
5. | Creditors: amounts falling due within one year |
30.11.22 | 30.11.21 |
£ | £ |
Other creditors |
6. | Creditors: amounts falling due after more than one year |
30.11.22 | 30.11.21 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
than five years | 298,817 | 116,503 |
7. | Secured debts |
The following secured debts are included within creditors: |
30.11.22 | 30.11.21 |
£ | £ |
Mortgage | 298,817 | 116,503 |