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REGISTERED NUMBER: 13019849 (England and Wales)












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: A E Clifford
I S Clifford





Registered office: 38 Cavendish Street
Arnold
Nottingham
NG5 7DL





Registered number: 13019849 (England and Wales)





Accountants: Warr & Co Limited
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 4 412,314 159,002

Current assets
Cash at bank 3,011 579

Creditors
Amounts falling due within one year 5 133,669 49,059
Net current liabilities (130,658 ) (48,480 )
Total assets less current liabilities 281,656 110,522

Creditors
Amounts falling due after more than one
year

6

298,817

116,503
Net liabilities (17,161 ) (5,981 )

Capital and reserves
Called up share capital 100 100
Retained earnings (17,261 ) (6,081 )
(17,161 ) (5,981 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

Clifford Property Holdings Ltd (Registered number: 13019849)

Balance Sheet - continued
30 November 2022


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 11 September 2023 and were signed on its behalf by:





A E Clifford - Director


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 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 as modified by the revaluation of certain assets.

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 2 (2021 - 2 ) .

4. Investment property
Total
£   
Fair value
At 1 December 2021 159,002
Additions 253,312
At 30 November 2022 412,314
Net book value
At 30 November 2022 412,314
At 30 November 2021 159,002

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 133,669 49,059

6. Creditors: amounts falling due after more than one year
30.11.22 30.11.21
£    £   
Bank loans 298,817 116,503

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